Bank of America, Uber Overdraft Fee Class Action Settlement

Those who had a personal bank account with Bank of America and paid overdraft fees on debit card transactions made with Uber between Jan. 1, 2012 and Dec. 31, 2016 that were not classified as one-time (non-recurring) charge may be entitled to benefit under a proposed settlement agreement.

Bank of America has agreed to pay $22 million to end a class action lawsuit that alleged the bank wrongfully charged overdraft fees on debit card transactions made with Uber. The Bank of America class action lawsuit claimed that this conduct breached Bank of America’s account agreement with its customers.

Many consumers are reporting increased and allegedly unfair overdraft charges from banks, including Bank of America. Further, banks have been accused of processing transactions out of order to maximize fees at the expense of the consumer.

Bank of America denies any liability under the terms of the settlement agreement, but will pay approximately $20 for each overdraft fee it charged to Class Members. The bank will also pay $5.6 million in attorney’s fees and a settlement award of $7,500 to each plaintiff.

Class Members who want to object or ask to be excluded from the terms of the Bank of America, Uber overdraft fees class action settlement must do so by June 22, 2018.

UPDATE: On July 24, 2018, a group of state attorney general offices sent a letter asking a New York federal judge to deny a proposed $22 million class action settlement with Bank of America over claims it improperly charged overdraft fees on debit card transactions with Uber Technologies Inc. The AG offices expressed “significant concern” over the fact the proposed BofA class action settlement releases Uber from liability because Uber was not a defendant or a party to the litigation, nor is it an agent of Bank of America.

Who’s Eligible

Class Members include those who held a consumer bank account with Bank of America, and were charged (and not refunded) overdraft fees on debit card transactions made with Uber between Jan. 1, 2012 and Dec. 31, 2016 that were classified by Uber and/or Uber’s agents as recurring transactions.

Potential Award

$20 per overdraft fee.

Proof of Purchase

None

FAQs

FREQUENTLY ASKED QUESTIONS »

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.

Claim Form Deadline

There isn’t a Claim Form deadline, Class Members will automatically receive payment from this settlement unless they opt out or exclude themselves by June 22, 2018. Class Members are expected to receive payment automatically within 60 days of the final hearing which will take place on Aug. 8, 2018.

Case Name

Pantelyat v. Bank of America NA, Case No. 1:16-cv-08964-AJN, in the U.S. District Court for the Southern District of New York

Final Hearing

8/8/2018

UPDATE: The Bank of America, Uber Overdraft Fee Class Action Settlement was granted final approval on January 31, 2019. Let Top Class Actions know when you receive a check in the comments section below or on our Facebook page.

Settlement Website

www.RideOverdraftSettlement.com

Claims Administrator

Pantelyat v. BOA Settlement Administrator
c/o Epiq
P.O. Box 3127
Portland, OR 97208-3127
1-844-659-0617
info@RideOverdraftSettlement.com

Class Counsel

Tina Wolfson
Robert Ahdoot
AHDOOT & WOLFSON PC

Defense Counsel

GOODWIN PROCTER LLP