Bank Of America Wire Transfer Fee Class Action Settlement
Unsplash | Published: July 30, 2024
Claim Form Deadline: September 21, 2024
Payout: Varies
Proof required: Yes
What is The Bank Of America Wire Transfer Fee Class Action Settlement?
A $21,000,000 class action lawsuit has been agreed upon with Bank of America over allegations that they unfairly charged customers fees for certain bank account wire transfer. Specifically, the Bank of America class action lawsuit alleged that the bank charged undisclosed $15.00 fees on incoming wire transfers to personal accounts, violating its account agreements and misleading customers. Bank of America has agreed to pay $21 million to settle the class action lawsuit.How Do I Qualify for a Payout?
You may qualify if you:• Opened a Bank of America consumer checking and/or savings account on or before August 31, 2012
• Paid and were not refunded an incoming wire transfer fee between March 8, 2019 and August 31, 2023
How Do I Find Class Action Settlements?
Find all the latest Class Action Settlements you can qualify for by getting notified of new lawsuits as soon as they are open to claims:How Much Can I Get?
If you are part of the Bank of America wire transfer class action settelemnt, you may receive pro-rated payments based on the total amount of incoming wire transfer fees assessed to their account(s) during the relevant time period.How do I file a claim?
No claim form is required. Payments will be distributed automatically to eligible class members:• Current Bank of America accountholders will have payments automatically deposited into their accounts
• Former accountholders will receive checks
The settlement is still pending final class action approval from the Court. Once approved, eligible class members will receive their payments automatically without needing to take any action.
What are the Important Dates and Deadlines?
The deadline for mailing objections and/or notices of intent to appear at the Final Approval Hearing is Saturday, September 21, 2024. Specifically:You must mail your objection(s) and/or notice of intent to appear at the Final Approval Hearing so that it/they are postmarked no later than Saturday, September 21, 2024.
This deadline is crucial for class members who wish to object to the settlement or appear at the Final Approval Hearing. It's the same date as the previously mentioned opt-out deadline, which suggests that September 21, 2024 is a key date for several actions related to this settlement.
If you believe that you are a Bank of America class action settlement, you should ensure that any objections or notices of intent to appear are mailed well in advance of this deadline to ensure they are postmarked by the required date.
If you wish to object to the Bank of America wire transfer fee settlement, you must mail your objection so that it is postmarked no later than September 21, 2024, which is also the opt-out deadline. Objections allow you to express disagreement with the settlement without opting out. To file an objection, you need to send it to the Court and include the case name and number, your full name, address, phone number, a statement of your objections and reasons for each, and any supporting documents.
If you want to speak about your objection at the Final Approval Hearing, you must also file a notice of intent to appear by the same deadline. Filing an objection does not exclude you from the settlement; if the settlement is approved, you will still be bound by its terms and receive any payment you're entitled to. The Court will consider all objections at the Final Approval Hearing on October 21, 2024.
Claim Form Website: BanaWireTransferFeeSettlement.com
Submit Claim
Filing Class Action Settlement Claims
Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.
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