I don’t want to give the impression that getting this money would in ANY way be the “good life”, mostly because if you look at the background on this class action suit you’ll soon realize that Bank of America may have TAKEN more than that FROM you.
Here are the details
- If you paid an overdraft or over-limit fee after using a BofA debit card between Dec. 6, 2000, to Dec. 31, 2007, you may be able to apply for $78.
- Other banks included in this class action settlement are: Fleet Bank N.A., LaSalle Bank N.A., LaSalle Bank Midwest N.A., United States Trust Company N.A.
- Why? – Because Bank of America CHARGED you with FEES (over-draft fees as well as over-limit fees) that it shouldn’t have.
- You can find out if you’re eligible HERE
- If you are eligible, you have until May 1, 2009 to submit your claim. You can submit the claim either ONLINEor by MAILING your form.
I can think of PLENTY of things that $78 can do. So, get your piece of the good life and check out this class action suit TODAY.
Beth says
Thanks! I’m a B of A customer and hadn’t heard of this suit. I was in college during that time period and had a few overdrafts…
Zippy says
So (is/was) my son. He got sick of hearing me tell him to “watch those overdrafts”, now maybe at least you’ll all get a little something back.
Center for Responsible Lending says
Unfortunately, getting hit with the bank’s ‘gotcha’ overdraft fees is not uncommon – banks and credit unions collect over $17.5 billion every year at the expense of their customers. The good news is that the Federal Reserve has proposed new rules to help rein in these unfair fees.
The Fed’s proposed “opt-in” rule would require banks to let you choose if you want to be in an overdraft program. Right now, when you sign up for a bank account, you’ll likely be enrolled in an overdraft program, in many cases without your knowledge.
The Fed is looking for the public’s input on this rule and without your support, the “opt-in” rule may not come to pass.
So, if you’ve been hit with the bank’s ‘gotcha’ fees, tell the Fed by March 29, 2009!
If you’re looking for more info or to submit a comment, visit: http://ga3.org/campaign/no_gotcha_fees