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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.ย
The plaintiffs further say multiple BOA fees would get charged for a single transaction. Together, plaintiffs say, the bankโs practice of charging these fees would force customers into a cycle of deceptive and improper charges.
Bank of America disputes the plaintiffsโ allegations, and the company denies its actions were improper.ย
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.ย
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 attorneysโ fees, service awards, and the costs of administering the settlement have been deducted.ย
Current customers will get a credit on their accounts for the amount theyโre 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.
Whoโs 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 youโre unsure if you qualify, please read the FAQ section of the Settlement Administratorโs website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you donโt 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 check was less than $7.. after BOA made several thousand off me alone.
I havenโt received anything. Is there anyone we can contact? I am less concerned about the money and more concerned about documents relating to the case.
I have not received anything. My email is [email protected]. Jesse Pines.
If your in the Morris case i think they start to send chekc after Jan 18. Jan 18 was the final hearing they got 30 days after that to send u your check
Today I received my ck for $1.82. I was overcharged for atm fees for doing a balance check only from ATM at the grocery store. The stores ATM had no charge for balance inq. But the bank charged a lot.
Itโs very sad the way the system works.
Well, I got a lot more? .96! Woohoo. Class action lawsuits should be regulated. Greedy attys
$0.91โฆReally? I mean the paper and ink to print the check cost more! They took way more than that in fees!
So, I too got a check for under $5, but the paperwork on that says Farrell v BOA NA Settlement. I feel many of us were looped into both lawsuits because they are going after slightly different things. This lawsuit didnโt have final approval scheduled until January 18, 2022. Having been part of other class action lawsuits, the payment can not be released until after final approval from the judge.
Im getting 800 dollars from a 8 million lawsuit didnโt even have no money taken from me but get only 50 cent for a bank lawsuit that cost me thousands for years something wrong NO ITS THE LAWYER AND THE COURTS GET THE MONEY NO EXPECT TO GET YโALL MONEY BACK .25 CENT THE MOST
Lisa, I received the paper advising I was part of the settlement but I have no idea how much or when Iโm getting it. Could you help
Me find this info? The paper I received said settlement should be between 1k -10k? Was that BS?
I got the same thing
Can you tell me what the answer was to your question. I too am trying to get the same info. Thanks
Well after all the issues, stress, and irritation dealing with bank of americas overdraft fee actions, I got $3.64. This was an insult
Wow 0.91 cents what am I ever gonna do with all that money. Smh but Iโm sure the legal teams got paid out the @$$!! So sad
Same here ? I got paid $0.91
I wish I would have declined the settlement and sued for more. What a shame
How pathetic! I received a check for $.91. This is so typical, and we have not a chance of standing up to get justice! I hope the lawyers and the banks get what is really due!!!! Shameless and have destroyed our society and faith people once had or should have!!!
These lawsuits are designed to be a slap on the hand for the institution and not reparation for improper practices. The lawyers get the lions share and each litigant gets a monetary amount. If thatโs $0.01, thatโs money.
I was charged $35 (4 times) because they retried the same check 4 times in one night!!!! My payroll check hit the same night the insufficient charge came through for $8.29 McDonaldโs charge โ they say they run deposits LAST. (So they can collect fees).
I worked for BofA at the time!!!!!!
I received $1.82 of the $140. Iโm looking into filing a small claims against Bank of America. If thatโs not an option Iโm contacting customer service to pressure for credits and bombarding their social media. This was years ago but Iโm not letting it go.
Was the $1.82 from the previous settlement or from the $75 million? Iโm curious what kind of โpayoutโ there will actually be since, like you said, the attorneys get the majority and I know over the years they have taken several hundred easily from meโฆ
Iโve lost thousands
Every month I took out rent money that was due the 3rd week of the money not knowing that our SS check changed to the 3rd. So the money was never in there. Rent was 1200, Boa paid it and then charged me 35 Dollars and then 35 dollars every five days! Plus 35 dollars for 4 other bills every five days.