In January 2009, we wrote about a settlement reached with Bank of America called Closson et.al., v. Bank of America. The settlement resolved a class action lawsuit filed over overdraft fees. According to the lawsuit, Bank of America engaged in practices which caused customers to overdraw their accounts more frequently. The bank settled the lawsuit for $35 million with an estimated payout of $78 per account.
As we explained in the original article, to claim the settlement, eligible customers needed to file online or mail in a claim form.
Nearly three years later I received my check and it was a nice surprise- $98.16. If you filed for the settlement award then look for a check in your mailbox over the next week.
For those of you who have questions about the settlement or haven't received your check, you can visit the settlement site for more information.
Comments
Ricardo, April 21, 2012
April 22, 2012
I didn't received my check either. Don't know who to contact or what to do with this. We should all close our BoA accounts and send them a strong message. 9-10% is insulting.
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Whocares
April 23, 2012
There are two lawsuits. One for debit card transactions that overdrew you which you had to file a claim for, this has been settled and paid. Then the other is for general overdraft fees which you had to do nothing on, this has been settled but appealed so its pending. The second one is more recent and could take a long time to be final.
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RIAN C. WREN
June 19, 2012
I READ SOMEONES COMMENT AND I RECIEVED MY LETTER ABOUT THE END OF 2010 OR THE BEGINING OF 2011 AND HAVENT HEARD NOTHING SINCE THEN WAS WONDERING IF I WAS STILL GOING TO GET SOMETHING OR IF THE FUNDS FROM THE SETTLEMENT WERE GONE PLEASE LET ME KNOW MY EMAIL ADDRESSE IS rianc03@yahoo.com just wanted 2 know if u could tell me anything it is appreciated thanks in advance
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Jamal
July 25, 2012
I got a check for $98 as stated here. Just found out that it bounced costing me $12 in the process.
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ROCHELLE LOWERY
July 31, 2012
I have not received my check yet!!! I receive a postcard stating that i was in a lawsuit and did not have to do anything to get m y check.....well where is the check??????
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LMB
August 07, 2012
never did get any checks and I have two checking accounts. Well it just goes to show you the crap still goes on
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Kathy,August 24 2012
August 24, 2012
I got a letter in the mail have not receive a check yet.when will i get mine.
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Kathleen Oliver kathlinoliver@yahoo.com
August 31, 2012
I havent received any news or postcard about the overdraft payment. Last i have they where still waiting for more situation that had came up. I had gotten mail telling me about it last year. Please let me know whats going on and how i can receive my check.
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Cheryl B.
September 05, 2012
Please send my money asap. It will sure come in handy. The attorneys got paid. I would like to get mine.
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Deb
September 25, 2012
Nobody received anything from BoA yet. There was an appeal filed
By some people who didn't like the amount of the settlent
(too small). The appeal could take up to 2 years
Hang in !
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