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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.Â
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.Â
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.Â
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.Â
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
I don’t know if I’m eligible. Please inform me or add me, BOA has been my bank for multiple years
I was with BOA ages ago just got 2 checks totaling $23 and it only stated the settlement and nothing else. Could I be entitled to more please add me. Thanks
Please add me
2 checks for .91 lmao They took alot more then that from me
91 cents that’s ridiculous so hard to believe
One check $1.80 hahaha
USPS Informed delivery shows a check arriving today!
Is it true its only up to $100
My check was huge I don’t know what they talking about
What was the estimate amount and how do you find out if you getting any mail from them
How much approximately if u don’t mind sharing? Thank you
Received my letter today , hopefully receive my money back
I see mine is coming in the mail today hopefully it is!
Same here Wendy. I came here hoping to see what the average payout is. Guess I’ll have to just wait for the mail today.
I got one today for, not kidding you, 91 cents.
I read on Reddit .19 :(
What letter did you receive…bcuz I recieved a letter only explaining the settlement
Is it the letter only explaining the settlement because that’s all I received
What does the letter say? Does it tell you what you should receive? I have letter showing in USPS daily delivery for today.
It only explains that I am part of the settlement it doesn’t say how much we will get…the letter still states we have to wait til January but online say the checks are out
There’s 2 different lawsuits . One started paying out in nov. another one the Morris one which is 75 mil won’t start being paid till January
Add me
Add me
Too late they’ve already settled but you can file your own suit you will get a whole lot more than the class got
Please add me to the list, Had BOA Years back they had fees climbing out of everything.. My poor account couldn’t stand a chance couldn’t save anything because of the fees.
Myra Collins
I was with bank of America for a few years paying does ridiculous fees!! I’m totally in for the settlement