5th business day of the month
Transactions loaded into IRIS, IRIS statements become available

20th of the month
Verifier should have all receipts, distributions, and reconciliations complete to allow approver ample time.

25th of the month
Last day to verify and approve card transactions

26th of the month
Card clearing takes place


Bank of America’s billing cycle is a monthly cycle. Credit limits will reset on the 1st of each month.