Top Class Actions  |  October 6, 2021

Category: Closed Class Actions

This settlement is closed!

Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!

Front of a Bank of America in a city - boa fees
(Photo Credit: Roman Tiraspolsky/Shutterstock)

Consumers who had a checking or savings account with Bank of America (BOA) and were charged a retry transaction, overdraft, nonsufficient funds (NSF), or intrabank transaction fee may be eligible for a payment thanks to a $75 million BOA fees class action settlement.

Settlement Class Members include Bank of America customers who had a checking and/or savings account and were charged one of the following fees between July 1, 2014, and July 29, 2021: retry transaction fee, Intrabank transaction fee, NSF fee, or overdraft fee.

Plaintiffs in a class action lawsuit allege Bank of America charged its customers improper fees systematically in a multipronged effort to earn more profit. 

The plaintiffs further say multiple BOA fees would get charged for a single transaction. Together, plaintiffs say, the bank’s practice of charging these fees would force customers into a cycle of deceptive and improper charges.

Bank of America disputes the plaintiffs’ allegations, and the company denies its actions were improper. 

The Court has not made any ruling about the actions of Bank of America, so no determination of guilt has been made in the BOA fees class action lawsuit. 

Despite that, both Bank of America and the plaintiffs have considered the risks and costs of continuing the class action lawsuit. Both parties believe the settlement is in the best interests of all Class Members and the company itself.

According to the settlement, the $75 million balance will get paid out on a pro rata basis after attorneys’ fees, service awards, and the costs of administering the settlement have been deducted. 

Current customers will get a credit on their accounts for the amount they’re entitled to receive, while former customers will receive a check.

Also as part of the settlement, Bank of America has also agreed to change certain practices for at least five years. It will stop assessing fees on retry transactions and will implement changes to its consumer account disclosures.

Class Members who do not wish to participate in the settlement must exclude themselves. By doing so, Class Members can continue pursuing any individual claims against Bank of America, but they will not receive any payment from this settlement.

Class Members who wish to continue participating in the class action lawsuit but are not happy with the settlement have a right to object.

The deadline to opt out of or object to the BOA fees class action settlement is Nov. 11, 2021.

No claim form is required.

Who’s Eligible

Settlement Class Members include Bank of America customers who had a checking and/or savings account and were charged one of the following fees between July 1, 2014, and July 29, 2021: retry transaction fee, Intrabank transaction fee, NSF fee, or overdraft fee.

Potential Award

Varies

Proof of Purchase

No proof of purchase required

Claim Form

No claim form required.

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 of or Object to Deadline

11/11/2021

Case Name

Morris v. Bank of America Settlement, Case No. 3:18-cv-00157-RJC-DSC, in the U.S. District Court for the Western District of North Carolina Charlotte Division

Final Hearing

01/18/2022

Claims Administrator

Morris v. Bank of America Settlement
P.O. Box 5645
Portland, OR 97228-5645
855-654-0890

Class Counsel

Larry McDevitt
David M. Wilkerson
THE VAN WINKLE LAW FIRM

Jeffrey D. Kaliel
Sophia Gold
KALIEL GOLD PLLC

James J. Pizzirusso
HAUSFELD LLP

Defense Counsel

Brian A. Kahn
Jasmine K. Gardner
MCGUIREWOODS LLP

Carolee A. Hoover
MCGUIREWOODS LLP

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537 thoughts onBank of America $75M Improper Fees Class Action Settlement

  1. Kenneth Walton says:

    Well after reading some of the other posts I guess I am doing good because I got $1.82 deposited in my account and just had to know why. I actually opened my account with security pacific and BofA bought making my account with them and have ever since uncertain exactly when 1991? funny that this is the second time I’m aware of anyway first 5+yrs$36?or$38?. Think I will look into further and let them keep the $1.82 meanwhile with only days remaining on option. With numerous times but more importantly the charges incurred resulting

  2. Fairness please says:

    I was charge 5000 in overdraft fees only received $19.41 cent i been banking with boa for 7 years as of 2021 boa still finds a way to impose fees to current account holder account I was disturbance of how we all paid all this fees couldn’t even get compensate for them all as it was stated as interest. How can we hope this settlement we turn out to be fair JUSTICE TO ALL SETTLEMENT MEMBERS.I ADVISE EVERYONE TO OBJECT THIS TYPE OF SETTLEMENT ONLY BENEFITS THE LAWYERS AND COURT SYSTEM .AS CLEARLY AS IT HAVE SHOWN WE HAVE NO FAIR JUSTICE SYSTEM OR RIGHTS!

  3. Maria Izbicki says:

    Please please add me!! I have lost so much of my own money because of their ridiculous fees!!!

    1. Jason Porter says:

      They paid out 91 cents to me. Not worth it at all. Class action law suits are not really about righting wrongs. They’re about making lawyers rich. How much of that $75 million went to lawyers? Probably close to half. Meanwhile the people who actually got ripped of by the bank get 91 cents!?!? One overdraft fee is $30.

      1. Karen says:

        I only got .91 cents also. It’s a bunch of crap.

      2. Patiently Waiting says:

        Hi, are you referring to Morris vs BOA or Farrell vs BOA? These are two different lawsuits. Morris is a 75 million settlement and Farrell was a 66 million settlement.

  4. Nichole kilby says:

    I’ve been dealing with their immortal tactics for some time now. As far as nsf and overdraft fees. They literally get over on people.

  5. Richard Hall says:

    I think it’s crazy they give you .01 interest then want to charge you fees to use your own savings your money not theirs

  6. Ariana Leyva Hernandez says:

    Ridiculous. All I got was $0.91 .

    1. M.Duran says:

      I am utterly dissatisfied/unhappy with this settlement. The fact that BoA has charged an insuperable amount of overdraft fees to my account over and over again, mostly over the same transactions for the last 15 years and then for it to be ok and forgotten after receiving $3 back as some kind of compensation is just insanely unfair, offensive and completely incongruous.

  7. Shawna Lollis says:

    I also only got $.91 and they have ate me alive in fees!

  8. Glendali Rodriguez says:

    I recieved $0.91 I have been with bank of America for over 25 years. Where is the rest of my money.

  9. Joshua Prevett says:

    I received a letter saying I was part of this class action I have yet to receive any payment. I also have closed my account because of the ridiculous fees. Will they send me a CHECK? I would like to know please and thank you

  10. Marisa Anderson says:

    My mom banked with them for almost 20 years, she is owed thousands of dollars. She banked under her married names of Anderson and Wilborn. She is homeless now and uses my po box and now banks with Numerica. If BOA will make it right she could maybe have some money to get a place.

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Please note: Top Class Actions is not a settlement administrator or law firm. Top Class Actions is a legal news source that reports on class action lawsuits, class action settlements, drug injury lawsuits and product liability lawsuits. Top Class Actions does not process claims and we cannot advise you on the status of any class action settlement claim. You must contact the settlement administrator or your attorney for any updates regarding your claim status, claim form or questions about when payments are expected to be mailed out.