Anartia fatima, the banded peacock, is a butterfly in the family Nymphalidae. It is commonly found in south Texas, Mexico, and Central America but most studied in Costa Rica. This butterfly prefers subtropical climates and moist areas, such as near rivers. It spends much of its time in second-growth woodlands.

Its larvae feed on plants in the family Acanthaceae, while adults primarily feed on flower nectar from Acanthus species. The species is diurnal. These butterflies face interspecies competition for nectar with other butterflies and must also compete with hummingbirds, who will chase them away.

The eggs are laid in low-lying host plant leaves and flower bracts. Several hundred are laid by a single female within the span of a few days, with only a small percentage of the eggs surviving to adulthood. Eggs take five days to hatch and the larvae complete six instar phases before pupation. After pupation is complete, adults emerge and fly off within 1–2 hours.

This butterfly is not toxic to predators. It is the victim of predation by many bird, lizard, frog, and arthropod species. However, this butterfly is so ubiquitous that losses from predation do not endanger the species.

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