Fees at Bank of America

July 2021: The Court preliminarily approved a settlement agreement. For more information, go to http://www.nsfodsettlement.com/.

2018: A class-action lawsuit was filed against Bank of America for allegedly misrepresenting that customers will only be charged one non-sufficient fund fee or overdraft fee on the same transaction when, according to the complaint, the bank improperly charges multiple non-sufficient fund fees and overdraft fees on the same transaction. Plaintiffs also claim that the bank improperly charges monthly savings account service fees on savings accounts that meet all of the requirements for a waiver of such fees. The complaint was originally filed in March 2018 and amended in July 2018. (Morris et al v. Bank of America, N.A., Case No. 18-cv-157, W.D.N.C.)

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