Who is a Class Member
- The Bank of America Extended Overdrawn Balance Charges Class Action Settlement includes “all holders of BANA consumer checking accounts who, between February 25, 2014 and December 30, 2017, were assessed at least one EOBC that was not refunded.”
If you don’t qualify for this settlement, check out our database of other class action settlements you may be eligible for. Also check out No Proof Required Class Action Lawsuits.
Current Bank of America accountholders will receive a cash payment deposited directly to their account. Former Bank of American account holders will receive a check payment. Actual settlement payouts are dependent on the number of overdraft fees incurred by Class members.
Additionally, “debt relief will be provided to Settlement Class members whose checking accounts were closed in overdrawn status with an EOBC still pending and whose overdrawn balances remain due and owing to BANA. Debt relief will be provided in the form of debt reduction, in an amount up to $35.”
Check out other settlements!
Proof of Purchase
Bank of America Extended Overdrawn Balance Charges Settlement Notes
- Joanne Farrell, et al. v. Bank of America, N.A.
- Case No. 3:16-cv-00492-L-WVG
- Pending in the U.S. District Court for the Southern District of California
Plaintiffs Joanne Farrell, Ronald Dinkins, Larice Addamo, and Tia Little filed this class action lawsuit against Bank of America alleging the bank routinely and intentionally wrongfully assessed its customers so-called “Extended Overdrawn Balance Charges.” According to the plaintiffs, the gist of the Extended Overdrawn Balance Charges is as follows:
“If Customer “A” were to overdraft his or her account by $500.00, the bank first charges an overdraft fee of $35.00 per transaction. However, if Customer “A” fails to replenish his or her account to bring the balance to a positive figure within five (5) days, then the bank deducts yet another $35.00 from the account of Customer “A” for having extended this credit. Unlike an initial overdraft fee, the Extended Overdrawn Balance Charge is an additional charge to a customer for which the bank has provided nothing new. The charge is based solely on the alleged indebtedness to the bank remaining unpaid by the customer for a period of time.”
Specifically in Farrell’s case, her monthly bank statements for her “BofA Core Checking” show that she went into “overdraft” status on October 13, 2015, and remained in that status for thirteen days. On day seven, (October 20, 2015), Bank of America charged her an Extended Overdrawn Balance Charge of $35.00. During that limited period, Farrell’s negative account balance fluctuated from -$3.59 to -$284.86. The $35.00 sustained overdraft fee that Bank of America charged Farrell was in addition to six overdraft charges totaling $210.00 that Bank of America also charged her during this same time period for the two transactions that created her “overdraft” status in the first place.
Bank of America denies liability. Complete details about the case and settlement are provided on the Bank of America Extended Overdrawn Balance Charges settlement website.
Class action lawsuit members who wish to exclude themselves or object to the Bank of America Extended Overdrawn Balance Charges settlement must do so by April 20, 2018. Class members who wish to payment from this settlement do not need to do anything.
- 4/20/18: Objection or Exclusion Deadline
- 6/18/18: Final Hearing at 11:00 am PT (class members do not need to attend this hearing in order to receive a slice of the settlement pie).
*Settlement Class Members who wish to speak at the hearing should check www.EOBCSettlement.com to confirm that the date or time of the Hearing has not been changed.
- Mail: EOBC Litigation, P.O. Box 3170, Portland, OR 97208-3170
- Phone: 1-888-396-9598
- Hassan Zavareei of Tycko & Zavareei LLP
- Jeff Ostrow of Kopelowitz Ostrow PA
- Bryan Gowdy of Creed & Gowdy PA
- Cristina Pierson and John R. Hargrove of Kelley Uustal PC
48 thoughts on “$66.6M Bank of America Extended Overdrawn Balance Charges Class Action Settlement”
I have Bank of America I notice so Manny over draft fee
My name are Delora Mosley I has a bank of America account it was over draft and it was close I received a card in mail what can I do to get the my money
I was wondering why BOA closed my acct… They really didn’t give me a reason to why, so now I see why…
They still keep adding to my over draft and paid it off an did it again
Please add me
This happened to my son. I have to look into this.
Do I need to respond to the notice I have received regarding the settlement by calling to include myself in the suit?
I have 39-44 overdraft charges by B O A. I recently had a -652.00 balance with my B O A checking acct. paid off This would come to a little more than 18 overdrafts repaid to me. Will the remaining 21-26 overdrafts still be repaid to me? and any other money paid to me for doing this to me. wanting to know.
I have at least 39-44 overdraft charges by B O A over the past 2.5 yrs. and I had a checking acct. that had a -652.00 that was paid off and closed. This comes to just over 18 overdraft charges repaid, I hope the remainder 21-26 overdraft charges will still be paid to me
Bank of America charged me numerous $35 fees when I had a mortgage with them. I didn’t get paid on the 1st of the month so when they went to deduct my mortgage from my account and the money wasn’t there, they tried again the next day and another $35 fee was added. Not only for my mortgage but for other things as well.
I WAS NOT INCLUDED IN THE SETTLEMENT, EVEN THOUGH I HAVE MY MORTGAGE WITH BANK OF AMERICA AND THEY RAISED MY MORTGAGE AMOUNT; WHY THE DID NOT INCLUDE ME WHO KNOWS ?, THEY HAVE BEEN ABUSIVE MANAGING THE ACCOUNTS,, REASON WHY I HAD TO CLOSE LATELY MY CHECKING ACCOUNT. I ENCOURAGE THE ACCOUNT HOLDERS GET TOGETHER AND REPORT BANK OF AMERICA ABOUT THEIR ABUSIVE POLICIES.
Because this suit is specifically for their abuse on charging people with overdraft fees. This has nothing to do with your mortgage hun sorry. Lol maybe next time.🤷🏽♀️
My account was closed and paid off by BOA as well. I thought it was strange. Now I know why.
Same here, I was still making payments to bring my balance down and found out all my debt was paid off when I know for a fact I still owed now it all makes sense.
I was charged toó many extended overdraft fees during 2014,2015 and 2016 and besides the initial 35 dollars that was charged for the first five days after the overdraft!
I was charged extended overdraft fees for 3 years in a raw!
I would like to be added please.
If you ain’t get the letter u can’t lmao wtf
I hope the court agrees in our favor because bank of america is full bull they did me the same way they would let money diss appear from my account then charger a 35.00 late charger for every day it was overdrawn im on dissability i cant aford those kind of charges bout time my checks hit my accout they are alresdy gone so i had to let my account go.
My account was closed and sent to an outside debt collection company.
If you received a notice you were automatically added if you didn’t you were not you would have had to contact them prior to 4/20/18 to be added to the suit I received a postcard in the mail about the suit that I was already added
I’d like to know if there is a law that stop them from going back more years bank of America I’ve had my account since 2007 and they have really cost me money sure be nice to get all that money back
I’m so glad someone did something about this! Bank of America took advantage of a lot of people when it came down to the overdraft fee. I’m a victim of this situation. On year my account was overdraft like at least 30 to 40 times., I remember one incident when the bank took 7 $35.00 extended overdraft fees in one month. I’m so glad to be part of this settlement. I’ll still bank with them. Thank you so much for make justice!
How much do we get
My account have been charged over the years. Gets to be very expensive.
When I received my money
Have you heard anything on when will we receive our money from eobc
When will we be compensated for our loss
Hi can anyone please tell me when we should start seeing the money
From what i was told if no one files an appeal in the next 30 days then its all go to start receiving your money
Thank you brian
I got an email from one of the lawyers in bank of america overdraft class action suit and he says there are numerous objectors and all or some of them will file an appeal and until thats all over they cant distribute the money. They have 30 days to file appeals. Its bullcrap so i guess its gonna take more time if pple file an appeal.
May I have any contact information that you have on this lawyer? I too am a member of the class and would like a little more insight on the progress of this matter.
Is this why my account was closed. So does this mean I won’t get my overdraft payments back
So when will they start sending checks or crediting accounts
When are checks going to be sent out?
If we don’t have BOA anymore and we moved how do we update where to send a check to?
2 pple have filed appeals and i was told that briefings are scheduled up to the middle of february of next year. I dont understand it myself and disappointed but what can u do.
Do you think we will get very little of the settlement money?
From what i have researched and heard and all you will get all your extended overdraw fees back.
What day will we receive our money
They filed 2 appeals so until those are closed out and dismissed we won’t be seeing nothin
Did anyone hear a update on when we will get paid before you know it a year will pass by I need my funds
I know someone appealed it. I check in time to time. In ordered to be in the lawsuit you don’t have to do anything. For 3 years I was charged extended fees. I haven’t seen $1 yet.
2 people have appealed it. Going to be a while before we see any money
i left Bank Of America for the reason of the over drats an when i left i owed them nothing,they think every one is rich,i always had n
my overdrafts paid in time witch is A hard ship i mean come on five days !
when do they pay us ?
This Happened to me too even when I had money on my account I got negative $700 as over draft which was not true just from one day to the next not even 5 days I had to deposit twice and still could not get positive because of the over draft. Now BA sent me a collection letter for something that they couldn’t let me fixed