That is a joke when I paid them hundreds of dollars in OVERDRAFT FEES. In 3,700 cases, the bureau said, Bank of America also made customers pay a total of just under $600,000 in "garnishment fees" for processing their creditors' fund-extraction requests. I was a Bank of America customer and was ripped off. THEY CHARGED ME NUMEROUS OF FEES!!!! Thank you SOOOO much lawyers! hope the others comments Ive seen are right and we have closer to the amount that was taken from us coming later this month. Please add me! Not worth it at all. Add me reason for me leaving Bank of America, Ive had a BOA account since 2007 and been charged overdraft fees and other fees which ended up getting my savings account closed without notice (wasnt much in there), but still, I tried to deposit one day and poof it was gone. The deadline to opt out of the Settlement was, You could have filed an objection with the Court explaining why you believe the Court should reject the settlement. bubble tea consumption statistics australia. It just showed up in the mail. I only got .91 cents also. Best clarification Ive read thus far Thanks for interpreting this in your breakdown it gave me the realistic figure on what to expect back from these time wasting s.o.b.s. As far as nsf and overdraft fees. Bank of America has agreed to pay 75 million dollars to settle. I moved and my check was returned to them and I cant get in touch with a live person to let them know. As discussed separately below, Attorneys' Fees, expenses, Service Awards to the Class Representatives, and costs to administer the Settlement will be paid out of this amount. The year I stopped banking with them I had $735 in overdraft fees. Smh but Im sure the legal teams got paid out the @$$!! Retry Transaction Fees are insufficient fund (NSF) and/or overdraft (OD) fees that were assessed on an automated clearinghouse (ACH) transaction from a consumer checking account that was resubmitted to BANA by the merchant (company to whom the Settlement Class Member made his or her ACH payment) after the merchants first request for payment was declined. Exclusive news, data and analytics for financial market professionals, Reporting by Jonathan Stempel in New York; Editing by David Gregorio, JPMorgan wins government auction to buy seized First Republic Bank, American Airlines pilots authorize a strike mandate, Exclusive: Subway comes up with debt plan to clinch $10 billion-plus sale, Factbox: JPMorgan's deal for collapsed First Republic explained. Please contact me. Class Counsel was paid directly from the Settlement Fund. I called the attorney but they refuse to return my call, I received a postcard in the mail but I havent received a payout yet. Bank of america class action settlement payout Current customers of BANA will receive a credit to their BANA accounts for the amount they are entitled to receive. So any idea where I can cash my $2 dollar check without being charged $5 bucks ? I received $1.82 of the $140. Required fields are marked *. On January 18, 2022, the Court granted Final Approval to the Settlement and after the objection period has passed, the Settlement will be effective. Thanks, 2 checks for .91 lmao They took alot more then that from me, 91 cents thats ridiculous so hard to believe. Whoop! 1-855-654-0890 (Toll-Free). Hahaha, what a joke. Rent was 1200, Boa paid it and then charged me 35 Dollars and then 35 dollars every five days! I think we may still have checks coming folks! The bank settled the lawsuit for $35 million with an estimated payout of $78 per account. This amount is disheartening, after all of the challenges we have faced as a nation in the last few years. Example process my big purchases first then every small one to charge me multiple fees instead of one or two. According to the complaint, Amount Due is listed as the default payment option, followed by Minimum Amount Due, Account Balance, and Fixed Amount.. The Bank of America Securities Litigation DiFlauro v. BANA - Home She banked under her married names of Anderson and Wilborn. Im a former member. Pointing to screen shots from the bank's website, the plaintiffs' point to three business day ACH transfers (inbound and outbound) and next business day ACH . Having been part of other class action lawsuits, the payment can not be released until after final approval from the judge. Please add me, Been with them for over 25 years,waiting for compensation. S. Just weeks into the new year, Bank of America is facing a proposed class action . I have not received anything yet I am part of the settlement. 1-855-733-8308. yay, a whole 91 after all the bullshit fees Ive been charged over the years. 75 million and I got $8.54 really wtf Ive had hundreds of unnecessary fees this cant even get me 2 gallons of gas or a pack of cigarettes. Depends how badly you need one or two dollars. Been with BOA for over years Please Add Me. They resolved the case. Thus, even though BANA denies that it did anything improper, it believes the Settlement is in its best interest and in the best interests of all of its customers. I have letter showing in USPS daily delivery for today. I think so because I dont get no check yet. I got $14. Thanks fir sharing thatthey did us the same way with our mortgage payments being drafted out and totally messed up our credit!! This is why the bank doesnt care. Woodbridge Group of Companies LLC investors argued that Comerica, which maintained all of the company's financial accounts, knew about the Ponzi scheme. Please review our Affiliate Link Disclosure for more information. How much of the Settlement Fund will be used to pay the Class Representatives a Service Award? The 91 cents IS true! 1:02. I got $2.78. (BANA or Defendant) by telephone, IVR, or the internet, then the proposed Settlement of a class action lawsuit may affect your rights. Privacy Policy | What a waste, how is it I paid the fees during hard times and I didnt walk away with even 1% of what I paid lol. The Court decided the amount of the Attorneys' Fees based on a number of factors, including the risk associated with bringing the case, the amount of time spent on the case, the amount of costs incurred to prosecute the case, the quality of the work, and the outcome of the case. I think its crazy they give you .01 interest then want to charge you fees to use your own savings your money not theirs.