Bank of America has agreed to pay $4.95 million to resolve claims that they deceptively charged overdraft fees on one-time, non-recurring debit card transactions.
The settlement will benefit consumers who had an account with Bank of America and paid overdraft fees on debit card transactions classified as recurring charges between Jan. 1, 2012 and April 6, 2017 made with certain merchants.
Eligible merchants include Lyft, Grubhub, Gett, Eatstreet, PicMonkey, Neighborfavor, AMI Entertainment Network, Seamless, Doordash, Postmates, and Eat24.
Plaintiffs filed their Bank of America overdraft fee class action in March 2019, claiming that they were wrongfully charged overdraft fees in violation of the company’s policies.
Bank of America reportedly promises in its policies to not charge overdraft fees on non-recurring debit card charges. Despite these policies, the bank allegedly charged consumers overdraft fees on non-recurring charges by wrongfully classifying the charges as recurring.
The charges were allegedly charged on Lyft, Grubhub, Gett, Eatstreet, PicMonkey, Neighborfavor, AMI Entertainment Network, Seamless, Doordash, Postmates, and Eat24 transactions despite these being non-recurring transactions.
Bank of America has not admitted any wrongdoing but has agreed to settle the overdraft class action against them by paying $4.95 million.
Under the settlement, Class Members will receive a set payment amount for each overdraft they were charged on eligible transactions. Class counsel estimates that Class Members will get $17.67 for each overdraft fee they were charged.
No Claim Form is required to benefit from the Bank of America overdraft fee settlement. The deadline for exclusion and objection is Dec. 20, 2019. The final approval hearing for the settlement is scheduled for Jan. 29, 2020.
Consumers who had an account with Bank of America and paid overdraft fees on debit card transactions classified as recurring charges between Jan. 1, 2012 and April 6, 2017 made with Lyft, Grubhub, Gett, Eatstreet, PicMonkey, Neighborfavor, AMI Entertainment Network, Seamless, Doordash, Postmates, or Eat24.
Estimated payments of $17.67 per overdraft fee. This amount is subject to change based on the number of eligible consumers and the net settlement fund after fees and expenses are deducted.
Proof of Purchase
A Claim Form is not available on the settlement website. If you are a Class Member, you will automatically benefit from this settlement unless you opt out.
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Opt Out Deadline
Owens, et al. v. Bank of America NA, et al., Case No. 1:19-cv-20614-MGC, in the U.S. District Court for the Southern District of Florida
Owens v. Bank of America Settlement Administrator
c/o KCC Class Action Services
P.O. Box 43209
Providence, RI 02940-3209
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