Are you a customer of Bank of America? Did you receive a mail about a class action on the settlement to resolve claims that Bank of America charged unfair overdraft and non-sufficient funds (NSF) fees on checks? This review will help you partake in the class action settlement.
What Is Bank of America NSF, overdraft fees $8M Class Action Settlement?
According to the class action lawsuit, Bank of America charged multiple NSF fees and overdraft fees assessed on check transactions. Plaintiffs in the case say these fees violate Bank of America’s fee policies.
Bank of America agreed to pay $8 million to resolve claims it charged unfair overdraft and non-sufficient funds (NSF) fees on checks. The name of the case is Checchia, et al. v. Bank of America NA, Case No. 2:21-cv-03585, in the U.S. District Court for the Eastern District of Pennsylvania.
What Is This Class Action All About?
Bank of America hasn’t admitted any wrongdoing but agreed to an $8 million settlement to resolve the bank fees class action lawsuit.
Under the terms of the Bank of America NSF fees settlement, class members can receive a proportional share of the net settlement fund based on the amount they were assessed in.
Who Is Eligible?
The settlement benefits Bank of America customers who were not refunded an NSF and/or overdraft fee in connection with a reprocessed check or ACH entry.
How To Be Part of This Settlement
No claim form is required to benefit from the settlement. Class members who do not opt out will automatically receive a settlement payment. The deadline for exclusion and objection is June 24, 2023. The settlement website is NSFODFeeCheckSettlement.com.
What Is The Pay For This Settlement?
The pay for this settlement varies and the proof of purchase is not necessary.
Conclusion
As you submit your claim to the settlement website NSFODFeeCheckSettlement.com, just like Connected Investors Robocalls class action settlement we have reviewed , you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. The final approval hearing for the settlement is scheduled for July 24, 2023.
