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Bank of America has been hit with a class action lawsuit by two college students who claim that the bank discriminates against them by charging maintenance fees on their accounts just because they are over 24 years of age.
The Bank of America class action lawsuit claims that the company offers bank accounts that include certain offers, such as “Bank of America Advantage SafeBalance Banking,” “Bank of America Advantage Plus Banking,” and “Bank of America Advantage Relationship Banking.”
Plaintiffs Aleksander Georges and Ida Jelveh allege that in each of these accounts, Bank of America charges a $12 monthly maintenance fee unless the customer meets one of the following requirements: 1) there is at least one direct deposit of $250 or more; 2) there is a daily minimum daily balance of $1,500 or more in the account; 3) enrolls in a Preferred Rewards program; or 4) there is an acceptable student waiver.
The plaintiffs claim that in order to meet the requirements of the student waiver exception, the customers must prove that they are a student in a high school, college, university, or vocational program and that they are under 24 years of age.
Plaintiff Georges states that he is a 24-year-old student with a Bank of America account. In addition, he alleges that he is enrolled as a full-time student and when he was 23-years-old, he qualified for the student waiver.
Georges claims that he cannot meet the other requirements to have his maintenance fees waived, only that he is a full-time student. Thus, he now has to pay the $12 maintenance fee because he is 24-years-old.
The Bank of America class action lawsuit states that plaintiff Jelva has similar circumstances as Georges, as she is a full-time graduate student but must pay the $12 maintenance fee because she is over the age of 24.
“Based on the prerequisites of the maintenance fee, a consumer is only charged the maintenance fee if the consumers’ bank account has a low balance in it. Thus, the only class of students older than are twenty-three years old that this maintenance fee affects are those students that are in economic duress,” the Bank of America class action lawsuit states.
The plaintiffs claim that Bank of America is in violation of California’s Unruh Civil Rights Act, which does not allow discrimination by companies on the basis of certain classifications, which includes age and gender.
Potential Class Members include: “All persons within California who Bank of America charged at least one maintenance fee, were of the age of twenty-four or older and were enrolled in a high school, college, university or vocational program, within the four years prior to the filing of the Complaint.”
Do you have an account with Bank of America and have to pay a maintenance fee? Leave a message in the comments section below.
The plaintiffs are represented by Abbas Kazerounian and Jason A. Ibey of the Kazerouni Law Group APC.
The Bank of America Age Discrimination Class Action Lawsuit is Aleksander Georges, et al., v. Bank of America Corporation, Case No. 8:19-cv-02329, in the U.S. District Court for the Central District of California.
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31 thoughts onBank of America Class Action Says Full-Time Students Unfairly Charged Monthly Fees
I have been a Bank of America Customer since the 1980’s. I recently just became aware that B of A has been charging me a $8.00 maintenance fee. I am 80yrs old…and I have a direct deposit each month of $2, 017.22. Please let me know if I qualify. Thank you for your time.
I’ve had over 5 or more of these $12 monthly maintenance fees I’m an army veteran
3250 Laurelhurst dr apt 304
Rancho cordova ca 95670
Add me this has got to stop stop these banks moment your in the positive they put you in the negative with a monthly maintenance fee then you have pay that and a overdraft fee because they did it.
Just called BOA and went up the chain to manager of supervisor (name is Arturo from Texas) and they all said the same thing about how they couldn’t waive the monthly maintenance fee. I explained my situation that I just graduated from grad school with no job and a lot of student loans and cannot satisfy the requirements to waive the fee. They did not take my situation into account and did not waive the fees. This is unacceptable, especially with the pandemic going on and millions of Americans left without jobs. Horrible customer service.
Please add me.
Please add. Still have a BOA account.
Hello
This is what happened with me boa refund 3 months of my monthly maintenance fees when they have been charging me for the last 4 years when I was under a student account and under 24.. I am 20 now and don’t know what to do I was very young Regret my mother made That account
Mariadotel123@Gmail.com
Please add. Still have a BOA account.
add me to this claim please
My name is Jessica I am a full time graduate student similar to plaintiff Jelvia. This is age discrimination. How can they offer student pricing to some students, but not all students because of their age?
Lisalynngregory@gmail.com I’m a customer of B of A and a student full time.