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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.
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
My ex wife told me today I got a check from BOA.She opened it but she won’t tell me how much the check is.
I’m from the UK ?? is it against the law to open somebody else’s mail?
I’ve been living in the ??10+ yrs sorry I don’t know all the crazy laws .
Can someone give me some quick advice.
Depends how badly you need one or two dollars. Seriously I haven’t seen anyone with a check overs three dollars! WTH???
I paid nearly $1000 in over draft and other fees in the last 4 months alone. I’ve had this account for 17 years. I got nothing!!!! My dead sister had an account with boa like 12 years ago, she got a check for 91 cents!!!
Whoop! whoop! Got $2.73…. Hmmmm… How should I spend it? I wonder how BOA spent all my money?…I think I can get a Med. Coffee at Dunks!
Can anyone tell me what the letter may have said. Im curious to know if this might have been a check. My informed delivery showed a letter today from farrel vs BOA settlement, yet it wasnt in my box. I did receive a post card a few weeks ago but mine talked about the difference in fees owed and what i may be entitled to.
Thanks in advance
My husband received $1.82 also.
Just got a check for $3.64just now.nice I am not gonna deposit or cash it.i don’t know what it is?
Yea never knew this was even going on let alone recieved any paperwork ever about it. Today 12-6-21 got a whole whopping .91 cents yea! What a joke and waste of everything involved…
I haven’t received anything yet for Farrell vs BANA or for Morris vs BANA.
I got $.91 – but oddly enough I don’t think I’ve had a BofA account for like 10-15 years. Score!!!
how much is that amount
I also got 91 cents my husband got 3.64 ?
I received $5.46 of that $75 MILLION settlement! “Oh happy day!” Can’t even buy myself a decent burger for that amount. What a joke.