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Award (how much your claim may be worth): You will receive a cash payment or an account credit of any unlawful overdraft fees you paid. The amount of such payment cannot be determined at this time.
Class Action Lawsuit Settlement Case(s): IN RE: CHECKING ACCOUNT OVERDRAFT LITIGATION, Case No. 1:09-MD-02036-JLK, U.S. District Court for the Southern District of Florida.
Website of the Class Action Lawsuit Settlement Administrator (UPDATE YOUR INFORMATION HERE): www.BofAOverdraftSettlement.com
Address to submit a claim form (NOT REQUIRED):
All Class Members of the Bank of America overdraft fee class action settlement will automatically receive settlement benefits if the settlement agreement is approved at the Final Approval Hearing on November 7, 2011.
Phone Number to call for assistance: (800) 372-2390
Details: The Bank of America overdraft fee settlement will resolve a class action lawsuit, entitled In re: Checking Account Overdraft Litigation, that accuses Bank of America and nearly 30 other banks of manipulating debit transactions to maximize the fees they could charge customers who overdrew their bank accounts. Bank of America denies any wrongdoing, but has agreed to settle its part in the case by creating a $410 million settlement fund to reimburse Class Members.
You’re considered a Class Member of the Bank of America overdraft fee class action settlement if you had a Bank of America checking account and/or savings account that you could access with a BofA debit card, anytime between January 1, 2001 and May 24, 2011, and you were charged one or more overdraft fees as a result of Bank of America’s practice of posting debit card transactions from highest to lowest dollar amount.
As part of the Bank of America overdraft settlement, Class Members will receive payments or account credits for the unlawful overdraft fees they paid. The amount of such payments or account credits cannot be determined at this time, but will be based on the number of people in the Settlement Class and the amount of additional overdraft fees each Settlement Class Member paid as a result of Bank of America’s posting order.
If you are included in the Settlement Class and entitled to receive a cash benefit, you do not need to do anything to receive a payment or account credit from the BofA overdraft settlement. If you Court approves the Settlement and it becomes final and effective, you will automatically receive a payment or account credit.
However, if you wish to opt-out of the Bank of America settlement and retain your right to sue individually, you have until October 3, 2011 to submit your request for exclusion.
You can find more information on your rights in the Bank of America Overdraft Fee Litigation Class Action Lawsuit Settlement at www.BofAOverdraftSettlement.com.
Purchased or Leased From: January 1, 2011 to May 24, 2011
Claims must be postmarked by: All Class Members are automatically included in the settlement
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Settlement Administrator(s): Rust Consulting, Inc.
Class Counsel:
Defense Counsel:
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33 thoughts onBank of America Overdraft Fee Class Action Lawsuit Settlement
No longer bank with them due I still get paid..
I never recieved a dime and for 2years been trying to figure this out. I still have old emails from bank of america proving i shouldve been part of this and still had an account and never recieved a dime. I no longer bank their since 2014 or 2015