If You Paid Overdraft Fees on Debit Card Transactions to Bank of America, You May Be Eligible for a Payment from a Class Action Settlement.

Update (10/21/16): On September 19, 2016, Bank of America issued account credits to Settlement Class Members who have current Bank of America accounts. Settlement Class Members that no longer have a current Bank of America account were issued Settlement checks on October 14, 2016 through October 21, 2016.

Case Background

A $27.5 million Settlement has been reached in a class action lawsuit claiming that Bank of America breached its contract with consumer checking Account holders and unfairly assessed and collected Overdraft Fees on certain Debit Card transactions. Bank of America maintains it did not breach its contract and treated Account holders fairly. The Court has not decided which side is right.

Current and former holders of Bank of America consumer checking accounts may be eligible for a payment or Account credit from the Settlement Fund.

Your legal rights may be affected whether or not you act. Read this website carefully.

SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT
Receive a Payment or Account Credit If you are entitled under the Settlement to a payment or Account credit, you do not have to do anything to receive it. If the Court approves the Settlement and it becomes final and effective, and you remain in the Settlement Class, you will automatically receive a payment by check or Account credit.
Exclude Yourself from the Settlement Receive no benefit from the Settlement. This is the only option that allows you to retain your right to bring any other lawsuit against Bank of America about the claims in this case.
Object Write to the Court if you do not like the Settlement.
Go to a Hearing Ask to speak in Court about the fairness of the Settlement.
Do Nothing You will receive any payment or Account credit to which you are entitled, and will give up your right to bring your own lawsuit against Bank of America about the claims in this case.

More information of your legal rights can be found in the Long Form Notice and is available in the Important Documents section of this site.

NOTICE: This website provides a summary of the litigation and is provided for informational purposes only. In the event of any discrepancy between the text of this website and the original text upon which it is based, the text of the original document shall prevail.

Questions? Contact the Settlement Administrator at 1-866-960-5963 or info@BankofAmericaOverdraftSettlement.com

Important Dates

  • June 6, 2016
    Deadline to request exclusion (“opt out”) from the Settlement
  • June 6, 2016
    Deadline to object to the Settlement
  • August 3, 2016
    Final Approval Hearing
  • August 4, 2016
    Final Approval Granted
  • September 19, 2016
    Disbursement of Account Credits
  • October 14, 2016 - October 21, 2016
    Disbursement of Check Payments