Is the fee on the offer the same as the fee in the agreement?

Often no. Amex EveryDay, RBC, Scotiabank, BMO, CIBC, and the TD Cash Back Visa Infinite box each say a promotion can print its own fee. Read the offer before you accept it.

Can I transfer a balance from the same bank?

Chase does not permit a transfer from another Chase account or a related bank. Wells Fargo Active Cash says you cannot transfer a balance from Wells Fargo or an affiliate. Scotiabank says you cannot use a balance transfer offer to pay another Scotiabank credit product.

Does the transfer have interest-free days?

The agreements above say a balance transfer is not in the purchase grace period, unless that agreement's promotional APR says otherwise. The promotional APR and the fee are different lines. A 0% APR can still have a transfer fee.

Why is Capital One missing?

The consumer Capital One pages opened on 16 October 2026 did not print a balance transfer fee for a named consumer card that this page could cite on its own.

Home / Guides

Balance transfer fees by card

A balance transfer moves debt onto the card. The fee is often a percent with a minimum, and a promotional offer can print a different fee than the standard one. Interest on the transfer often starts immediately. These rows are one named agreement or offer, opened 16 October 2026.

Last checked: Oct 2026

United States

Opened 16 October 2026. Each row is one named agreement or offer, not every card from that issuer. If a mailing offers a different percent, the offer controls that transfer. Capital One is left out for the same reason as the late fee page: the consumer pages opened did not print a clean consumer transfer fee tied to a named consumer card.

Opened 16 October 2026. US dollars. One named agreement or offer per row.
Agreement	Fee	Interest
Chase agreement COL00095	Either $5 or 5% of each transfer, whichever is greater. The account may not be eligible for balance transfers. Chase does not permit a transfer from another Chase account or a related bank	Balance transfers do not have an interest-free period
Amex EveryDay agreement dated 03-31-2026	3% with a minimum of $5. A different fee may apply if a promotion says so	Interest from the transaction date. No interest-free period. APR is Prime Rate plus 12.74% to Prime Rate plus 21.74%
Citi agreement CMA_PID408	Either $5 or 5% of each transfer, whichever is greater	No grace period. Interest from the date the transfer posts
Discover Prime pricing example as of 06/30/26	5% of each transfer	You cannot avoid interest on balance transfers. Example terms as of 06/30/26 may not be available now
Bank of America Customized Cash Rewards offer	Introductory fee of 3% for transactions within 60 days of opening the account, then 5%	Interest begins on the transaction date
Wells Fargo Active Cash terms	Introductory fee of either $5 or 3%, whichever is greater, for 120 days from account opening. After that, up to 5% with a minimum of $5. You cannot transfer a balance from Wells Fargo or an affiliate	Interest begins on the transaction date. The purchase and balance transfer APR after the intro is 18.74%, 24.74%, or 28.74%. Information correct as of September 2026

Canada

RBC's statement page says a promotional-rate balance transfer can have a fee of up to 3%. Otherwise the $3.50 cash advance fee can apply to a balance transfer at the standard cash advance rate. There is no interest-free period for balance transfers.

Scotiabank's fees page says a balance transfer to a Scotiabank account or a non-financial institution is the greater of $5.00 or 1%. A promotional low rate fee is 3% with a minimum of $5.00. You cannot use a balance transfer offer to pay another Scotiabank credit product.

BMO's cost of borrowing, valid as of June 2, 2026, says a promotional balance transfer or cheque fee is up to 5%, and the exact fee is disclosed when the offer is made. It does not print a separate standard non-promotional percent. There is no interest-free grace period on balance transfers.

CIBC's summary, current as of October 14, 2026, says a promotional low rate convenience cheque or balance transfer fee is up to 5%, with the exact fee at the time of the offer, and not for Quebec residents. A dishonoured convenience cheque or balance transfer is $40 if it is not accepted because there is not enough available cash or credit. Do not call the $5 cash advance fee the balance transfer fee. There is no interest-free period for balance transfers or convenience cheques.

The TD Cash Back Visa Infinite application box says a promotional balance transfer or TD Visa cheque fee is 3%, and the offer may waive or lower it. The exact fee is told when the offer is made. The cash advance fee does not apply to a balance transfer or a TD Visa cheque. There is no grace period on balance transfer fees. Amex Canada is left out because the public fees article does not print a balance transfer dollar.

Questions

Is the fee on the offer the same as the fee in the agreement?: Often no. Amex EveryDay, RBC, Scotiabank, BMO, CIBC, and the TD Cash Back Visa Infinite box each say a promotion can print its own fee. Read the offer before you accept it.
Can I transfer a balance from the same bank?: Chase does not permit a transfer from another Chase account or a related bank. Wells Fargo Active Cash says you cannot transfer a balance from Wells Fargo or an affiliate. Scotiabank says you cannot use a balance transfer offer to pay another Scotiabank credit product.
Does the transfer have interest-free days?: The agreements above say a balance transfer is not in the purchase grace period, unless that agreement's promotional APR says otherwise. The promotional APR and the fee are different lines. A 0% APR can still have a transfer fee.
Why is Capital One missing?: The consumer Capital One pages opened on 16 October 2026 did not print a balance transfer fee for a named consumer card that this page could cite on its own.

Sources

Related guides

Upload a statement free

Free is $0 USD. The PDF stays on your device.