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Bank of America Settles Overdraft Fee Lawsuit

This article was written by in Banking, Featured. 1,451 comments.

If you qualify for the Bank of America overdraft lawsuit settlement, you may have already received a postcard in the mail from the bank. Here is information on the overdraft lawsuit, only one of many class action lawsuits against Bank of America. If you recently received a check from Bank of America for about $98, you have received a benefit from an earlier class action lawsuit pertaining to the bank’s debit cards. This article pertains to a later lawsuit regarding overdraft fees.

November 21, 2012 update: Former Bank of America customers are reporting receiving postcard checks. All checks will be sent by November 30, 2012, so some former customers may receive theirs in December. Current customers are receiving their refunds as account credits, as described below.

Banking Deal: Earn 1.05% APY on an FDIC-insured savings account at Synchrony Bank.

November 2, 2012 update: The appeals filed after the judgment of settlement was announced have now been resolved. Bank of America customers who were part of the settlement class — those who initially received a postcard informing these customers of their involvement — should receive an account credit or a check to their last known address by November 30, 2012. The amount each customer might receive depends on how many overdraft fees were charted during the period outlined in the class-action lawsuit, but as expected each customer will receive only a fraction of what Bank of America charged in these fees.

Some customers have already reported receiving credits in their Bank of America accounts.

Here’s how the amount is calculated, somewhat simplified. Bank of America re-ordered the debits that caused overdraft fees during a certain time period beginning in 2001 and determined each customer’s amount of over-charged overdraft fees. That amount was reduced by any uncollected amount (if an account was closed with a negative balance). If one customer had $100 in adjusted overcharged fees and Bank of America was determined to have $10,000,000 in overcharged fees total, that customer’s share is 0.001%.

If the total settlement available for class members (total settlement minus lawyers’ fees, expenses, etc.) was $1,000,000, the customer would receive 0.001% of that, or $10.

September 2012 update: It’s been nine months since an appeal to the judge’s decision has been filed, and there is still no resolution. The $410 million awarded to the settlement class is still in dispute.

December 2011 update: While the judge has approved Bank of America’s settlement related to the overdraft class action lawsuit and has ordered Bank of America to pay $410 million, a member of the settlement class who objected to the settlement has filed a notice to appeal the ruling. With an appeal filed, it could take at least a year for the issue to be resolved. If the appeal is denied, customers may still be disappointed. With 13.2 million affected customers in the class and fees to be paid from the settlement fund to the lawyers and class representatives, the benefits each customer will receive are sure to be less than the value of a refund of even one overdraft fee.

Any compensation to affected customers is on hold until the judge enters the settlement and any appeals are filed.

Like many banking institutions, Bank of America processes debit transactions not at the time they occur, but in a batch, from largest to smallest. If they don’t still take this approach currently, they did in 2009 when a class-action lawsuit combined several other legal actions. 24 other banks in the United States and Canada were named in the class-action lawsuit, including Citigroup, Chase, and Wells Fargo.

The banks say that by ordering debits from largest to smallest benefits customers. For example, mortgage or rent payments are generally the largest debits, so they should receive priority and should be the first to be paid. This is not how it works in practice, however. The system is designed to make more money in fees, particularly from the paycheck-to-paycheck class of customers.

For example, five debits may be scheduled to post on a Monday:

  • $800 mortgage payment (check)
  • $200 purchase at the grocery store (debit card)
  • $100 withdrawal at a different bank’s ATM
  • $25 purchase at the book store
  • $4 coffee

That’s the order the funds will be taken from this person’s account. If there is $900 in the bank account, the mortgage payment will be processed, but the four other transactions will generate overdraft fees, one for each, likely totaling more than $100. If the debits were processed from smallest to largest, only the mortgage payment would cause a problem, and the check will bounce. This could cost the account owner less money, but a bounced mortgage payment could be troublesome.

In the more likely event that there is only $500 in this checking account, ordering debits from largest to smallest ensures nothing will go through without generating a fee. However, ordering the debits from smallest to largest, only the mortgage payment would bounce, and there would be no overdraft.

Bank of America will be paying $410 million to settle the class-action lawsuit, which also notes that the banks did not tell customers they could waive overdraft protection, allowing certain transactions to fail rather than paying a fee. Not every bank handles activity posting the same way.

The deadline to opt out of or object to the settlement was October 3. The official website for the settlement is bofaoverdraftsettlement.com.


Updated August 19, 2016 and originally published July 12, 2011. If you enjoyed this article receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 1451 comments… read them below or add one }

avatar 1 Anonymous

“However, ordering the debits from smallest to largest, only the mortgage payment would bounce, and there would be no overdraft.”

Keep in mind though that even though the mortgage check might bounce in this case, the bank may still charge an overdraft fee for it. Technically, you still overdrafted your account it’s just a matter of whether or not the bank decided to pay the transaction.

Other than that, nice piece!

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avatar 2 Anonymous

The author realizes this…

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avatar 3 Rob

I’ve never understood these overdraft woes. The moment I was old enough for a credit card, I stopped using debit cards altogether. Why risk your money in the bank when credit cards offer purchase protection?

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avatar 4 Anonymous

And why spend money you don’t have with a credit card, run up debt, and pay high interest rates…when you can use REAL money you have? Just in case everyone forgot, cash is still accepted.

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avatar 5 skylog

it seems obvious to me it is designed to generate more fees. it also seems, from what was written, obvious they did not “go out of their way” to fully inform customers about their policies. i understand that customers should always do their own due diligence, but the only thing i really do not understand is how BOA was selling that ordering from largest to smallest benefited the customers.

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avatar 6 Anonymous

They never “sold” that benefit to people.. I found out when they did it to me. There is no benefit to the customer other than generating cash for the banks. Most people who pay these fees are people who don’t have a lot of money to begin with… The same people what will get turned down by the bank for a loan or something. Yet their overdraft fees are what is keeping BOA afloat (speaking loosly).
Meanwhile… it is so sad to see that Bank of America has $410 million dollars just sitting around.. arrant nonsense! That’s half a billion dollars! I will finally get justice for this inhumane behavior of kicking the poor while they are down!
BOA consider my account closed!

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avatar 7 Anonymous

Amen and well said :)

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avatar 8 Anonymous

Don’t close it yet, wait till you get your money. They are going to be putting the money directly in your account after it has been approved by the court. That date is not till November 2011, and then it is contingent on if anyone objects and wants to be heard, You could be waiting till next summer for the payment.

I got my post card today. telling me all this info.

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avatar 9 Anonymous

PNC Bank tried to “sell” me the same thing.

PNC: “Oh, we figure you’d want your mortgage payment to go through as the top priority, so we make sure that goes through. But since you also used your debit card for 5 $8 transactions, we’re gonna charge you $39 a pop for those 5 transactions.”

ME: “Um…no. I would rather you clear the 5 low transactions and only hit me one time for an overdraft on the mortgage payment.”

PNC: “No you wouldn’t.”

ME: “Really, I would.”

PNC: “Tough.”

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avatar 10 Anonymous

I agree Skylog, my son who is an Iraq Vet was gotten by Bank of America ( I tried to get him to go with Credit Union ), I think he will gladly do so now :) ( Momma knows best)

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avatar 11 Anonymous

Does anyone know how one may join the class action suit? Has that information been published yet?
thx

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avatar 12 Anonymous

I would like to join the class action suit. It is too late?

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avatar 13 Anonymous

I would like join the class action suit

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avatar 14 Anonymous

I will like to also join the class action suit also. I

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avatar 15 Anonymous

If you had an account with one of the banks that are in the lawsuit, you will receive a post card in the mail. We had a BOA account, and my hubby worked at a call center for BOA and he got fired over the whole fee ordeal. We were charged hundreds for being $14 overdrawn.

avatar 16 Anonymous

If you had an checking/savings account with them between Jan. 1, 2001 to Dec 31, 2003 you are automatically included in the suit. I hate Bank of America. They would hold debits and checks until you are overdrawn and push all charges through. They also stopped linking my savings to my checking. I ran from that scam and joined a credit union and haven’t had an overdraft fee since.

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avatar 17 Anonymous

perhaps you should manage your finances better, or spend less…

avatar 18 Anonymous

You are a member of the Settlemen Class if you: had a BOA checking and/ or savings between 1/1/2001 & 5/24/2011, and was charged one or more overdraft fees.

avatar 19 Anonymous

Ben, its not always that easy for all people. Let me guess, u were never an 18 year old who was deployed or had drafts coming out of ur account ( IN THE WRONG ORDER) while u were Iraq protecting Idiots like urself hu???? I thought not!!!! Think befor u judge ppl you DA. Have a nice day :)

avatar 20 Anonymous
avatar 21 Anonymous

I had over drift fees ,140.00,140,00,70.00,175.00. all in 6mos, from bank of america .So I close my account. please let me know how to joint this lawsuit.thank -you.

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avatar 22 Anonymous

HAHA. This guy continuously over drafted, leaving the bank to cover his purchases. Now he wants to sue…

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avatar 23 Anonymous

Get a job Ben, and shut up..

avatar 24 Anonymous
avatar 25 Anonymous

Please let me know the answer to this question because I have been victimized by this practice.

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avatar 26 Anonymous

I too am a victim of Bank of America. Please send me information of joining in this lawsuit.
thx

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avatar 27 Anonymous

Hello Roxyboo2,
I just received a postcard in the mail today..7/11/2011. It says a lot about who is eligible and when the hearing is going to be Nov. 7, 2011.
The website on the card is http://www.bofaoverdraftsettlement.com or 1-800-372-2390.

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avatar 28 Anonymous
avatar 29 Anonymous

My son needs to join also but we are not sure what to do. Can anyone help?

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avatar 30 faithfueledbennetts

Hmmm, that is interesting. I never gave any thought to how overdrafts were processed because I avoid them. I guess I figured it was first come first serve. But, it makes sense from the standpoint of the business to make more money in charging more overdraft fees for a bunch of small charges-even though it seems wrong morally. I guess you lose either way. So, just make sure you have the money in the bank!

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avatar 31 Anonymous

One shouldnt spend more money than they have I totally agree (and thats why I avoid this myself) but banks should not F up the order that they process debits so they can make more money AND they have been sneeky and shady about it so Im glad that they are having to pay. I have a BOA credit card (which i dont use much at all (i have it for emergencies) but because BOA screwed my son over, im cutting it up and going with another). If they will be shady with stuff like that,, i cant trust them with my credit and I sure cant afford to be vunerable with “shady” bankers. Ya kno???

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avatar 32 TakeitEZ

It definitely is done that way for the banks to make money off irresponsible people. Shame on both!

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avatar 33 Anonymous

all people are not irresponsible. they dont make the money others do and still have to pay the utility bills and take care of the family

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avatar 34 Anonymous

Yeah. What the hell? I had 3 things bounce because I was $4 overdrawn…at $35 a piece, that put me at -$119. So, not feeling the need to check in with my bank every day, I then went head first into major fees, because I didn’t know what was going on in the first place. 4 days later, when I did check in, I was over $400 in the red. Just because I miscalcultated by $4. I can only wish it could happen to YOU! Jacka**. BANK ROBBERS of AMERICA. That’s what I call ’em.

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avatar 35 Anonymous

It’s about time Bank of America takes responsibilities for its roller coaters attitude towards its practices. I have so many BAD stories about how they have stolen my money (10K or more). I have yet to get any resolutions. What happened to the “Patriot Act?”

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avatar 36 Anonymous

Ha! Ha! The PATRIOT ACT? That’s for patriots of Israel and the rest of the Middle East. Not for actual AMERICANS. Doesn’t anybody see what’s really going on? Dems/Pubs are just a front for blowing smoke. There are 2 big birds fighting over what’s left of this country, and America is not one of them. Think about it. BTW, I’m a normal, tax-paying lifelong citizen, not the conspiracy theory lunatic I sound like in writing. Just check my spellings and grammar. Normal American gives up. Over and out. (I know, I know, no subject or verb…)

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avatar 37 Anonymous

I think sometimes it is easy to forget that banks are businesses. They have stockholders to answer to, and they have to make a profit for them, and to attract more stockholders to their business.

I work for a credit union and it is too bad that not more people understand how they work. Credit unions don’t have stockholders to answer to. The members (customers) own the credit union- so when you open an account, you are basically becoming an owner. While CUs do have a BOD making decisions about how to handle CU business, it’s the members that benefit from any financial gains at the CU. This means lower rates on loans, higher return on investments, and far better service, since when you walk in the door YOU are the boss.

A lot of people think credit unions are old school, and I personally didn’t know much about them until I started working for one. Now, I’ll never go back to a bank again. I’m very proud to work for a CU.

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avatar 38 Anonymous

yes i have been saying this for the long time when i purchase something i have the money in my account
but the why they process your account low to hight it has nonthing to do with being irresponsible
because i am very irresponsible i have a problem with the why they do business if i make a purchase
i would like it to show when i made that purchase this is just wrong i would like to join the class action suit

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avatar 39 Anonymous

like you said… you are very irresponsible, and bank of america covered your ass when you spent more than you had. You should be ashamed…

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avatar 40 Anonymous
avatar 41 Anonymous

I guess just because she cant use proper grammer/spelling its ok to screw her out of money, to make a shandy profit off of others lack of knowledge is wroung and they (BOA and you) know it is. Again Ben you are a judgemental DA and it is ppl like you who will one day need others worst than the ppl in this class action lawsuit need their money back ah ha ha ha One day you will see ah ha ha ha

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avatar 42 Anonymous

You must work for BOA. Cause I know they owe me at least $1000 in overdraft fees. Take a gas purchase for instance the retailer can take a week to process your transaction they would tell me B.S. It’s 2011 that stuff can be taken out of your account in under a min. J.P. Morgan another bank started this lawsuit I told this to them on the phone it was an unfair business practice and someone smarter than me will sue y’all. Thank God all that bailout money and they still rob people the CEO’s should get the gas chamber or needle.

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avatar 43 Anonymous

Does anyone know how I can join this suit? I had this happen a couple times in the past couple years.

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avatar 44 shellye

I wish I could stomach the hassle of moving banks, as I’ve been with BofA for way too long. They look to rip off thei customers at every opportunity.

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avatar 45 Anonymous

To all that asked about how to join the lawsuit, I’m posting this link.

link

Sadly, the deadline for this lawsuit was in 2009. A claimant would only get $78 at most. Very sad indeed.

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avatar 46 Anonymous

Good golly! This is amazing! I knew them banks were out to get us smaller guys, but didn’t know that they charged an overdraft fee for each transaction.

One thing I think we can all learn from this is that making day-to-day purchases with a credit card can be a good thing, since it would avoid some of these overdraft fees.

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avatar 47 Anonymous

I joined the lawsuit. Submitted documents and received zip. Is it nasty Bank of America or the lawyers?

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avatar 48 Anonymous

So are they lying and where or who do we submit these documents to get any resolution to these robbers?

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avatar 49 Anonymous

Janna, one thing in America was …only good nasty (lawyers) against bad nasty (boa…) to get JUSTICE!

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avatar 50 Anonymous

The settlement hasn’t been issued yet. There are no “documents” to submit. Did you even READ the website?

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avatar 51 Anonymous

bank of america charged excessive overdaft fees, and put me to go into foreclosure, i am being put out of my, excesive money paid on my mortgage, i am being forced of of the home i planned ti die here i am 74 years old. the media says plan you life i did!

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avatar 52 Anonymous

Hi Mary,

have a lawyer look at your deed of trust , it’s quite possible that if the loan was written within the last twelve years , or has sold within the last twelve years , that a foreclosure may be illegal ! the note and the deed could have been separated when the loan was registered with MERS , and one they have been split , they can’t be rejoined . which would make the note they have , ( if they have it ) just so much unsecured debt .

And remember that the Trustee that will be handling the foreclosure and subsequent Trustee sale , is equally obligated to you , the buyer , to make sure that the foreclosure is not fraudulent ! They work for you !

Please look at luminaq.com or look up Niel Garfield , and good luck .

Gary Maxfield

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avatar 53 Anonymous

years ago I left Bank of America because of the way they were raping consumers; I am SO pleased that they have been investigated. I know of another bank that should be for the same practices. It’s so ironic and plain DISGUSTING that these crooks have milked people for years and see themselves as untouchable; whatever they have to pay I am sure will be only a small percentage of the millions they made at the expense of consumers who can’t maintain high balances in their accounts…where do I register for the first class action suit??

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avatar 54 Anonymous

I really don’t want to sound too much like a commercial, but you all really need to check out CUs. Unlike banks, CUs are owned by customers (members) and you avoid all of these insane fees! There are no stockholders to answer to. I always though that CUs were outdated, but I can tell you that with my CU, we have all the bells and whistles you get with a big bank like BofA (we have online banking, mobile banking, deposit checks from home with your scanner, etc). Most CUs are in a network, so there are thousands of ATMs- no issue there, either. Our particular CU doesn’t even charge a fee to transfer funds from an outside account into your CU account. Better rates on loans, too!

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avatar 55 Anonymous

I totally agree Terrie Ive been telling ppl this for years!!!! IM A CU member and have never had any issues. I went (for a very short time) over to BB&T at my husbands request and OMG, they tried to get ya at every turn, it was unreal. Only CU for me. Now my 18 y/o son who is a soldier has learned the hard way :( As for this Cat “Ben” who has been posting nasty negative stuff, he is just stupid

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avatar 56 Anonymous

I agree with Terrie, Go with a credit union. I left BOA for my credit union and i love it, they even pay me cash back rewards for some purchases with my debit card. I don’t miss big banking.

And as far as I know the deadline to sign up for the Class action lawsuit was either May of ’09 or ‘2010.
BOA appealed the verdict when they lost the first time, but I’m glad they now have to pay. I did sign up and glad they have to pay.

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avatar 57 Anonymous

I need a form for lawsu
it against bk of so called America.

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avatar 58 Anonymous

I need an application form for bk of America, lawsuit.

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avatar 59 Anonymous

Need to add CitizensBank to the list of overchargers!!! I was recently hit with $259.00 worth of Overdraft charges for tranactions which at 7 PM on the day of tranactions were processed according to the online banking. Two transactions of higher dollar amount posted sometime after 7 PM causing my lunch at Five Guys for go from $16.99 to $53.99 ,( thanks to a $37.00 overdraft charge). To add insult to injury,upon seeing the negative balance, I depostited cash at the Branch ATM, showing the actual date of deposit which would have brought the account positive. However, the next day the date of my deposit was changed to the follwoing day and $259.00 in overdraft fees had been accessed. Something has to be done. CitizensBank tried to use the “Mortgage” excuse, and I advised them I pay my mortgae out of a different account. Anyone have suggestions of how to bring this to the regulatory groups??? Based on the BofA case CitizensBank is fraudalently charging as well.

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avatar 60 Anonymous

I left TD Bank for the same thing only they are worse, and suits against them, i would like to be one of the first to jump on that one. I went to BOA, from TD Bank, they aren’t as bad, but i found do the same exact thing. As far as u people who say make sure the money is in their and we are irresponsible. Until u know the circumstances of each person u should mind ur own business.
Sometimes things happen, maybe a math error, somebody taking money that shouldn’t been taken. Regardless of the reason, if i have money in an account and use my debit card then a deposit doesn’t go through because of a holiday, and something else comes out causing 5 smaller transactions to balance, u feel this is fair. It’s funny how the holiday held up the deposit but not the auto withdrawal.? Hmmm. ANyone know of any honest banks out there please let me know. I do have credit union accounts, but unfortunately they only do personal, i also need business acct.

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avatar 61 Anonymous

I filled out all of my information several years ago to join this class action suit. There were specific dates and times you had to have a bank account with Bank of America to join the class action. Problem is, I’ve moved about 5 times in the past year. How would I get my check?!

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avatar 62 Anonymous

How can I join this lawsuit? I got double dinged on a number of times by B of A and this is the first I have heard of the lawsuit.

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avatar 63 Anonymous

I once caught them trying to barrage me with overdrafts with faulty reasoning and with records to back my case I asked for a fee return.

I was persistent in logging the names and employee ID’s of who I corresponded with. B of A returned over $280 in fee’s, of course it took a week for THE BANK to adjust those digitial digits that read my checking balance…and of course this was a small percentage of what I mismanaged over the years.

Although most ppl would brag, I am still to blame for mismanagement of my income. Doesn’t mean banks, friends, or even relatives wouldn’t steal if they had the chance. There is one hero that can save you, YOURSELF!

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avatar 64 Anonymous

is there any way to add another bank to the list of banks that rip off people who live from paycheck to paycheck?

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avatar 65 Anonymous

Bank of America says all those in the class will receive postcards in the mail with filing information no later then September 2 2011 and it will all be settled by November 2011.

To the (not so smart) person above who is posting false information about the lawsuit ending in 2009, that was a previous lawsuit. This is brand new.

I just hope I get back more then the $78 they refunded last time around, they owe me so much money.

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avatar 66 Anonymous

Is there an open lawsuit right now that I could look into? I’ve recently found myself unfairly charged with a lot of fees because of how they posted my payments.

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avatar 67 Anonymous

I in fact did receive my postcard from then re: this suit yesterday.

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avatar 68 Anonymous

I too am a victim of overdraft fee with Bank of America. How do I submit a claim form?

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avatar 69 Anonymous

To all the “perfect people” who like to scold the “irresponsible” people. Step back and take a breath then realize you will fall off your high horse when it happens to you. Why? Because it happened to me, and I’m not as careful as a should be, but it also happened to my friend who has perfect credit, manages his own and OTHER people’s money, has an accounting degree and is a crazily successful Wall Street guy. But one day, through some mix up with a failed deposit, he racked up $300 (!) in fees over a weekend. Then he woke up and had a WTF? moment and realized that his beloved banking system can royally screw people. He’s a LOT less judgmental since then.

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avatar 70 Anonymous

http://www.bofaoverdraftsettlement.com
this may be useful to all who didnt receive anything from the 2009 class action suit , i received news on this settlement today they sent me the info in the mail i didnt even know they where sued. so hopefully like me all others that where charged outrages overdraft fees will receive something , lets keep our fingers crossed.

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avatar 71 Anonymous

If you are included in the lawsuit, you should have received a postcard in the mail like I did today. I overdrafted once or twice a few years ago when I was literally living paycheck to paycheck and bills had to be paid. I was fortunate to be able to fix it the same or next day. However, I wasn’t to pleased when they tacked on overdraft fee after overdraft fee. If I don’t have money in the bank, don’t continue to pay out! I’m not expecting to be able to get a house or car because of this, I’m just glad that this is making them change the way they do business.

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avatar 72 Anonymous

Ultimately, people should make sure they have the money in the bank, but once in a while someone slips up and makes a mistake. According to what we’ve learned, Bank of America is going to be right there waiting and hoping you will mess up, so they can take full advantage! Quite sad really!

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avatar 73 Anonymous

I’ve had this happen to me a couple times and I’ve called the bank to complain. How they explained it is even though I had enough “Available Funds” when they had me check my “Ending Balance” of the day there wasn’t enough money to cover the charges. It was completely stupid, because I had more than enough funds.

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avatar 74 Anonymous

All the bank has to do is go by the ORDER in which the transactions occurred. Not highest to lowest. Not lowest to highest. Just in chronological order. It’s that simple. Most of these things show up online in your account instantly anyway. Then if you overdraw your account it is your own fault, not the banks. It’s the most fair and logical decision for all parties involved. Was it really THAT hard to figure out BoA or Citi or the dozen others in this lawsuit?

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avatar 75 Anonymous

I received a post card but i do not think i had an account in 2003 and below…what does that mean..i did however loose a lot of money in 2008…any thoughts…

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avatar 76 Anonymous

I did not know about the 2009 law suit. A person does not have to be irresponsible to get caught up in this nightmare experience. I had an insurance company who issued a check to me which I deposited. As it turns out, the insurance company wrote the check on the wrong account. I had received checks from them for several years and had no reason to think anything was wrong. The check bounced and ALL of the items I paid for out of that deposit bounced and wracked up huge fees. How was I irresponsible. Yes, I know to go after the insurance company, but in the meantime, have huge over draft fees. There have also been times when a person to whom I wrote a check held on to the check for MONTHS. After several months, it was not carried in my ledger, but when it appeared, here came the fees. A person does not have to be irresponsible to be a victim of BOA. They also hold onto deposits and do not notify you of such (had it happen TODAY). A person thinks they have money in their account, but BOA holds the deposit and adds overdraft fees. I discovered that you have to CASH the check, turn around and deposit the cash into the account, or wait up to 5 days to get credit for the deposit. Yeah, love BOA.

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avatar 77 Anonymous

Atimes, BOA would hide very small transactions you make and not post them to your account until a week or 2 weeks later when you make a bigger purchase. They would let the big transaction pull through and then the small transactions that you forgot you ever made would magically appear with overdraft fees attached to each one.

This has nothing to do with mortgages, I did not have any mortgage payment because I was in school.
While back in school, i checked my account to see if I had enough money to buy 3 books with a total less than $30. I had the money and extra so I placed my order. over a week later, I gave a check out because I was expecting a deposit into my account but the person presented it before BOA released my deposit(my memory is abit faint on the check i gave out)….what did BOA do? they pulled the check I gave out so it went through and then the books appeared magically with no funds to cover them so I was charged $105. I cried. it was painful because that was a lot of money I could have used on groceries or school supplies.

I have always wondered why anyone did not think it was wrong for any bank to deal like this in the US.

I once lived in a so-called ”THIRD WORLD Country”, the banks just don’t process a transaction if the account has insufficient funds. They let the card decline and the check/cheque bounce……they dont go ripping people off because they think the customers are trapped because they have all their customers’ vital life information aka SSN, to report the payment to collection if they don’t pay up.

because I had been charged too many times, i signed up for the balance alerts but I have noticed that if they wanted to charge you overdraft, they wouldn’t send you your most recent balance but the old until they charge you the overdraft. i was charged $35 last week for an overdraft of $2.99. and they did not email me about the overdraft the same day it happened to enable me quickly make the deposit, they emailed to inform me a day after. its just robbery and madness..I cant wait to get off BOA

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avatar 78 Anonymous

how long will it take to get these fees back? They did it to me so I paid them ALL then closed my account

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avatar 79 Anonymous

i been with Bank of America, for years and been hit with overdraft fees like it wasnt nothing i am so happy that someone is doing something about it.warren kerns

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avatar 80 Anonymous

I also had a Account with Bank of America for several years.All hard working people has the right in America to place their hard earn money into a bank that they thought they can trust in,even when working form paycheck to paycheck,but it unfair that once you go below a certain amount they start deduction from your account without your knowledge, plus the fee from the overdraft is outragous. Also me in as well in the Class Action Suit.

Thank you

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avatar 81 Anonymous

I closed my account with BOA in 2008 after they charged me $37 dollars for a negative balance of .75 (change I could have got out of my couch)…I had to damn near cuss out the manager before they would reverse the fee….BTW, I went negative from a maintenance fee they charged to my account (charged the day before my normal/consistant payday, go figure, right?)

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avatar 82 Anonymous

I too received my postcard cause I too have been swindled by Bank of America!!

Once was during the x-mas holiday weekend!! I had more than enough to cover the tiny purchases I made! I had to one unexpected large purchase! I knew I would be over, and was willing to pay for that overdraft, but when tje banks opened on Tuesday, they hit me with 5 friggin overdrafts!!! Had they went smallest to larger or in order of purchase, I would have only one overdraft!! But they collected them all and processed them largest to small!!! $35. for a $1. purchase!!! Greedy is simply the word!!!

From what I understand you can remain in this class thus never allowed to sue them again!! Or remove your name and get tje chance to sue them yourself or start your own class action lawsuit!!!

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avatar 83 Anonymous

While I have not been directly hit with overdraft fees at Bank of America, I have read enough stories on the internet to feel anxiety at the possibility of becoming a victim. I too would like to join the lawsuit.

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avatar 84 qixx

luckily i got away from BofA before i became a victim. I had accounts there at that time. I just never overdraft my account. not because of my great finance skills (those came later) i just got lucky.

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avatar 85 Anonymous

I received my postcard in the mail today. I hope I see something from this lawsuit. I’ve had this happen to me quite a few times, once I got $105 worth of fees for being $15 overdrawn. I’ve shed many tears having to deal with BoA, I don’t make a lot of money and I keep careful track of my funds, but I can’t always plan out my budget with BoA’s shady practices.

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avatar 86 Anonymous

When do i get paid. and how much.

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avatar 87 Anonymous

I know it’s probably wrong, but I took matters into my own hands after one too many overdraft fees from BOA. If once made a debit that I knew would put my account over, immediately went to the bank and put money in (before the deposit cut-off, mind you!) and was still charged an overdraft fee! I finally got sick of it, so I cleaned out my account, then spent what I figured the bank owed me in fraudulent overdraft fees on my debit card, then stopped using the account. I knew BOA would pay the transactions because they wanted to charge me more overdraft fees, and I’m sure they were expecting my paycheck to keep being deposited every week like it had been. My credit was already in the toilet from having to live off my credit card as a student and not being able to make the payments, so I figured “What the hell.” That’s been two years ago now and I don’t really regret it. They haven’t even tried very hard to pursue it in collections. I guess they know they did wrong. I haven’t received a postcard, maybe because my account is in collections, but I got my fees back!

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avatar 88 Anonymous

U go Girl (or guy) Good for you :)

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avatar 89 shellye

Unfortunately, I’ve been a victim of BofA’s overdraft scam, for the very reasons listed in this article. A few times, I’ve called and complained, and got the fees credited back, but a couple of times they just said, “sorry for your luck”. I’m in the process of closing my BofA accounts, but I kind of want to hang on long enough to recoup some of my money back.

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avatar 90 Anonymous

i got gas at a 7-eleven one time, instead of the usually $1 charge for running my check card credit, they put a $75 holding fee on my account, which in turn caused me about 400 in charges from BOA. please don’t think this couldn’t happen to you because you keep track of your finances better than others, sometimes things like this happens. i did manage to whine my way out of about 1/2 of the over draft fees, but if you’re not rich, 200 is a lot of money. BOA new what they were doing and did it specifically to make money.

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avatar 91 Anonymous

the things the banks need to be made aware of, and most of them don’t care, is that it’s YOUR money they are holding, and they are making money off of YOUR money by investing it in various things. they should be kissing your ASS to get you to put YOUR money in their bank, and instead they treat you like a criminal. I would love to get off BOA but they currently hold my mortgage. someday soon though.

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avatar 92 Anonymous

They don’t make nearly the amount of money in interest on short-term investment of your money as they do in overdraft fees, credit card interest, and so forth.

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avatar 93 Anonymous

a mi me ha llegado una postal en el correo, que significa eso? alguien me puede explicar?

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avatar 94 Anonymous

One thing that BOA does not explain to you that I later found out, is that, for example, you only $2.00 in your account, and you have 5 $10.00 transactions in one day, the bank is only allowed to charge you for four overdraft fees in one day. Which can be a good thing for the person that uses there card for more than the four allowed transaction-downside, the debit card shouldn’t have allowed for more than the very first $10.

Also, I am 24 years old, I pay close attention to my account and keep a running balance of my account each day.. But when BOA doesn’t post transactions for a whole weekend until after 12:00am on a Sunday night, then every transaction comes through from highest to lowest along with “keep the change”.. you get screwed. I paid over $2000 in overdraft fees to BOA last summer(my roommates skipped out on me, leaving me with all rent and bills-the local bank was not concerned with my predicament)-I was very unhappy but I did not want to change banks because I have everything linking to my checking account. I have noticed a huge change in how their postings work. All of my transactions come through my account shortly after I use my card(even on a weekend). I could care less that I get money back (it would be appreciated considering I have been a BOA customer since I was 13 years old).

What BOA doesn’t care about is the average kid (18 and under or the child leaving home for the first time to be on his/her own) that doesn’t know any better and just spends like crazy. Their credit is ruined from the get go because these banks don’t do anything at all to educate on spending habits. They make their money on fees, they don’t care.

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avatar 95 Anonymous

I can see how one poster went into foreclosure over this. I almost became homeless. I am on a fixed income and GoDaddy renewed a domain without my realizing and before I knew it I was getting 35.00 dollar charges for two dollar purchases and it came to $2500. I olny get 800 dollars a month on SSI. This was in 2007. I hope they give it all back.

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avatar 96 Anonymous

I received my postcard from yesterday.

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avatar 97 Anonymous

I lost my postcard and want to reach someone in regards to this, any suggestions?

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avatar 98 Anonymous

Angi,
I was on the website that the postcard had on it, and you don’t need the postcard to recieve any money if the court decides in the favor of the plantiff. Only if you want to exclude yourself you should go to http://www.bofaoverdraftsettlement.com to remove yourself. Having your post card doesn’t make a difference if you get paid or not. Visit that website it answers all your questions. I hope we all get money back bank of america is fucking awful!

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avatar 99 Anonymous

me & my son had checking accounts mine from 2001 intill 2010 my sons 2005 to 2010 we are with wells fargo do we still get a payment & if so how do we go about it thank you

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avatar 100 Anonymous

As a bofa client, i am glad to know about this settlement , because it is ridiculous for them to do what they dided, just because they thought they could get away with it.

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avatar 101 Anonymous

Bank of America shame on you !

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avatar 102 Anonymous

how many customers are involved?

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avatar 103 Anonymous

Roughly 1 million

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avatar 104 Anonymous

checked my balance at boa atm. showed positive balance, made purchases, found out that the account was negative due to o d fees. bank posted amount without minus sign, so my inquiry showed positive balance.

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avatar 105 Anonymous

That happened to me also so many time… One min. your positive on your account so you go and pay a bill or buy a cup of coffee for $1.00. You check it the next day and BOOM you’ve overdrafted!! Now how screwed up is that?

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avatar 106 Anonymous

Yes, today – again today. . . after this settlement, BOA sent me a overdraft email. I checked my account and the check for $14 said to have been overdrawing my acct was paid and I still had a positive balance. Although on my account there are 2 “in process” not yet gone thru was the $35 nsf fee and then the small $2 & $3.99 charge. Granted after this combo of $5.99 gets paid, I would only be overdrawn by a few dollars but the $35 fee took president over these 2 other small charges. I tried to get BOA to revers but they said No. I printed all ppw (the online document indicates a positive balance after the check said to bounce was paid) giving the consumer misinformation. Where can I send this info to of the legal team??? Obviously this is still happening. What the heck??

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avatar 107 Anonymous

I knew something was up so many shady things have happened to our account been a customer for 3 years. We received postcard yesterday, how much are they giving people?

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avatar 108 Anonymous

YEAH I WENT TO CHASE… AND MY PARENTS GOT FLIPPED OVER WITH BOFA… THEY NEED THE MULA…

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avatar 109 Anonymous

Bank of America should be ashamed of this.

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avatar 110 Anonymous

I’ve been with B.of A. for a lifetime, it seems. I’m sorry for them…But happy for me.

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avatar 111 Anonymous

finally the law is looking for something like this. I know that they are doing a lot of elligal charges fees to client. Like me i am one of the victims and i am happy to get involed in the class action against bank of america. Please email me of how to be in the class action. do i need to fiil up any form to join the class action please let me know.
thanks john

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avatar 112 Anonymous

According to the postcard the deadline to exclude yourself is Oct.3 otherwise you don’t have to do anything. The hearing is Nov 7 so people should look for credits after that date.

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avatar 113 Anonymous

Thanks for the info, lost my postcard.

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avatar 114 Anonymous

I don’t mean to be a ‘wet blanket’, but the dollar figures, of the suite, don’t mach the money taken from us.
Just don’t go arranging for the kids to attend U.C.L.A. just yet. Look for change on the dollar. That way if you ‘do’ get dollars, you’ll be ok with it. They wont kiss you first. They’ll just screw you.

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avatar 115 Anonymous

I no longer am with BOA because of this. About 3 years ago I closed the account. I was with them for about 4 years and let me tell ya it seemed like every two weeks when I got paid something was always getting screwed up!! I am a single mother who does live pay check to pay check and having to pay most of my check to over drafts was CRAZY!! And i do recall asking if they did a overdraft protection and they said no. I cannot believe how much money they made from me! Probably around 2,000 dollars!! Im not kidding!!

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avatar 116 Anonymous

Morgan, the same thing has happened to me, most of my paychecks went to overdraft fees. I am glad that something is going to be done about it, and I am glad that I am no longer with them!

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avatar 117 Anonymous

I have been a customer with Bank of America for a while now and everything is true what they are suing for. I personally went to Bank of America and asked if they would give me some of my money back because they took a numerous amount out of my checking account. After speaking to upper management they only gave me $35 dollars back after hundreds of dollars was taken out from overdraft fees.

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avatar 118 Cejay

That is why I use my credit union and asked how they do their debit cards. Plus I keep enough in the bank to cover any transactions and try to make sure that we balance the account every night. It is an hassle but it has kept us from having overdraft fees.

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avatar 119 Anonymous

Yes, I have called Bank of America many times since 2005 to complain about how they process payment transactions. I have told them so may times that something is wrong with how they sequence the payments. Why can’t they sequence it according to the time the checks/transactions were presented? To say the least, my blood has gone dry with this BoA practice.

Another thing: if you check your balance online or through the phone, it will show a positive balance, so you use your debit card, call it “transaction A”. The next day you find out there was another transaction before “transaction A” that was not reflected when you checked your balance, thus making your account incur insufficient funds.

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avatar 120 Anonymous

I recieved my postcard yesterday. Its about time

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avatar 121 Anonymous

I hope people have common sense. Just because it a $450 million settlement, don’t mean your getting a huge sum of money. If its 225 million customers apart of this settlement, that means each person will get only $2. And you know the lawyers will get their share first. Only the attorneys are getting rich of this settlement and I bet you they never were B of A customers.

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avatar 122 Anonymous

there are 300 million people in the usa. i hope you have common sense.

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avatar 123 Anonymous

I have been a BofA customer for 13 years. I lost my job 2 years ago, and therefore started accruing overdraft charges… I realize that it is my job to have enough money in the account to cover my checks and debits, but things are tight and I have a child. I have paid about $1,000 in overdraft charges. If they would have paid the charges from smallest to largest, it would have saved me a ton of money and alot less headache.

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avatar 124 Anonymous

I Esver richardson have been with bank of america since 1994 and close my acount in 2008 because they overdraft charges were to high and they charged to much to keep your money.i’ve been a loyel to them but still was treated wrong. the way they handled your acount was’nt good at all. i’ve lost so much money with bank of america that it drove me to leave that bank and couldnt pay me bills and othere stuff.
thank you Esver richardson

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avatar 125 Anonymous

im agree need to debit from smallest to largest,and also i have experience from bofa i have direct deposit but they do it first debit instead of credit so that they can charge you .

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avatar 126 Anonymous

We have been with bofa from 2001 until 2011 they have really done the overdraft fee with us. I hope to get some of our money back. We need it to live, that whats wrong with the world now! everybody cheaping each other.

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avatar 127 Anonymous

I got my post card yesterday too!

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avatar 128 Anonymous

I was with BofA for over 10 years. I closed the accounts I had last year not only because of the thousands of dollars in overdraft fees over those years, but something even more ridiculous. I was running a flooring company, at the same time the economy tanked a General contractor didn’t pay me $30,000. Therefore not only did I incur a great deal of overdraft fees on a regular basis…I think I counted 15 in one night if i recall correctly ($525) but I had a BofA credit card that I was not able to pay due to my situation. About 5-6 months after I took the $30,000 loss, I was still doing flooring trying to stay on my feet. I got paid from a flooring job and deposited the funds into my account $1,500 to be exact, no more then 2 days later BofA took it upon themselves to take that money out of my account. When I called to find out why, they said they had the right since I had not paid on the BofA credit card I had. Those funds were to pay my rent, food etc… Since that happened I had to then move out of the rental I had and borrow money from family and move in with family to get by until I could then again get back on my feet. When I explained to BofA the reasoning for my non-payments they could’ve cared less, that’s when I closed my accounts for good. I was overdrawn at the time I closed my accounts and they are trying still to this day to get me to pay that balance…BofA is horrible and was doing horrible things to their customers. If I had to put a figure on what I lost from BofA over those 10+ years it would easily come close to a $15,000 figure…NO JOKE! and statements would back that figure up.

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avatar 129 Anonymous

I received a postcard. Now what do I do in order to receive the money that was taken from my account so illogically years ago? What is the next step? Does anyone have an answer?

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avatar 130 Anonymous

Would appreciate getting a contact phone number so i could call to inquire about funds i may be entitled to.

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avatar 131 Anonymous

On the card is an 800 number call it. They said they would send a packet, soon. Ironic they didn’t have my address yet I got a postcard….I added my beated father to it also. Good luck to us all.

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avatar 132 Anonymous

Sorry belated father.oops.

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avatar 133 Anonymous

Thank God, something is going to be done about this overdraft problem. There is no telling how much money they have gotten off of me in overdraft fees. I have called them about this (in tears), but, of course they claimed they were right. I also live from one payday till the next, but, by the time my check hit the bank, I was overdrawn, with overdraft fees, plus extended overdraft fees. Half of my check was already gone in overdraft fees. I know they have overcharged me many times. Someone has gotten rich off of us. Even if I don’t get anything back, maybe it will be stopped. It’s hard enough to live, without them taking what little you do get and padding their pockets.

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avatar 134 Anonymous

I agree that it is about time we fought back. Nothing will change though. The will continue to post debits in the same way. Until a law says they canot do it they will continue.

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avatar 135 Anonymous

ive been telling people this for a few years now and no one ever listened!

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avatar 136 Anonymous

I have had an account at BOA for many years and have been charged those fees and many more ridiculuous fees but I have never recieved anything in the mail about a class action, can you tell me what I may do in order to be a part of this?
thank you

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avatar 137 Anonymous

I also want to know exactly what I need to do, to be a part of this. They have charged me so many overdraft and extended overdraft charges, that there is no telling how much they have made off of me. I really need to know what to do to pursue it? Thanks so much

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avatar 138 Anonymous

I have my postcard …. I yelled scream and told Bank of America they are wrong well AMEN!!!!!!! I want to thanks you who got this started and there getting there pay back…… I since went to Woodforest Bank ….. IF I HURT ANYBODY TO BAD FOR WHAT I’M GOING TO SAY THANK YOU JESUS …..

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avatar 139 Anonymous

Their “methodology” of how they post transactions is such a sham. They post them in the way that generates the most overdraft fees for them and boosts their profits. Whatever happened to the day when businesses made profits from a positive relationship with their customers by using their money to make investments and not by nickel and diming them to death? They simply saw a way to make quick and huge profits at the expense of the people who could least afford it. And it’s not just BOA, it’s ALL banks. For all of us who got a $35 overdraft fee for buying a cup of coffee when there were no “pending” charges and had a positive balance, I think BOA should buy us all Starbucks gift cards!! Greedy bastards…they are not paying even remotely what they should.

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avatar 140 Anonymous

And this is not all they’ve done… a few years ago I’d moved to a remote mountain area (after losing my job and much more) so was not active on my account but every two weeks or so. I’m sure they tracked it along with my age and probabilities etc., and removed hundreds from my account for who knows how long. I call in to confirm my dollars and the menu states – ‘0’ balance. I got a ‘live person’ about 90 seconds after being disconnected once and guess what? The money was back. Got my card yesterday (7.14.11).

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avatar 141 Anonymous

I have called boa several times regarding their fees. I have made purchases and i know the money was there in my account. I have stated to the boa rep the way they do things, they are stealing peoples money and money is not easy to come by nowadays… It’s robbery..

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avatar 142 Anonymous

this was one of the reasons we left them also how do i know that i will get some of the monies since i didn’t get a card?

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avatar 143 Anonymous

I got charged 14 days in a row @ 35.00 and they wouldn’t credit anything back.

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avatar 144 Anonymous

I recieved my postcard yesterday its about time.

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avatar 145 Anonymous

is there a contact phone number on the postcard you could forward to me

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avatar 146 Anonymous

If you recieved a postcard you don’t have to contact anyone. If you try to contact BOA or the courts they will refer you to a website. The only thing that you can do is opt not to get in on the lawsuit. If you do not opt out you give up your legal rights to ever sue BOA for this practice.

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avatar 147 Anonymous

Just wondering if you might know what that website is!?

Does anyone know when the customers should start seeing these overdrafts reversed?

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avatar 148 Anonymous

“I” have so much of my money withdrawn to much and noting left cause of charge fees when checks are return and does not make sense and when i have no money left and really need all my money and its wrong.

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avatar 149 Anonymous

It’s about time I’ve been fighting this in my head for years!! I just hope we get back what we deserve!!!

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avatar 150 Anonymous

Oddly if BOA has been taking $35.00 for each overdraft that they did from the largest to the smallest, since they seem to tell people that we should have had the money to cover these charges.. Well my thoughts exactly! Where is the $35.00 x a 100 that they shouldn’t have taken. They should have the money to send back to customers they SCREWED. We had an account from 1998 to 2009 and like most bounced here and there. However due to there overdraft practices, We too closed our accounts. Student account.. That is such a joke… They treat it just like any other account even though that is not what they tell you when you get the acct…

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avatar 151 Anonymous

$410,000,000 is a amount just big enough to make people think that they will be getting justly compensated for there losses. I have a feeling that that after the legal team gets what they are asking for and BofA pays the funds first to people that have had closed accounts with negative balances (giving the money back to themselves) the rest of us will see pennies if we are lucky. I will be removing my self from the class action lawsuit and going at this on my own.
I want to have my day in court and i want BofA to accept wrong doing in this mater. In the current settlement offer, the language says that BofA accepts no wrong doing.
I also want dollar for dollar compensation for the thousands of dollars that was wrongfully charged for overdrafts ranging from 10-50 dollars that only remained outstanding for a couple of days and before my modest (PVT in the us army) pay check was deposited and consumed by the overdraft fees. This in many cases causing me to repeat the overdraft the following week
I also would ask that BofA be required to stop using the countries Flag colors and the nations Name as its trademark and logo …. a organization that steals from the people that defend this country does not deserve to use its colors.
A message needs to be sent that stealing is stealing no mater how powerful you are. Plz join me

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avatar 152 Anonymous

they deserve everything thats coming to them even the people that work for them. they like pimps take your money while we work for it and then have the nerve to act like thats whats good.i will never bank there again! they don’t even honor their promotions! lets get Our money!

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avatar 153 Anonymous

I have screamed at the B of A people many times from this robbery of theirs !!! very sad

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avatar 154 Anonymous

i am there with you all i have 2 accounts that they have done that to, they also have held my pay check when i directly have walked in there to deposit it thinking that the funds would be available A.S.A.P and they wasn’t they over draft everything that came thru while holding my check SHAME ON YOU!!!!

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avatar 155 Anonymous

Did no one read that 24 banks do this as a regular business practice? I see everyone blaming BOA but clearly this is somewhat normal amongst a lot of big banks. Trust me, I have gotten overdraft dfees in the past and it is not fair especially when it comes to small purchases and extenuating circumstances but at what point do we, as adults, take some blame that we sometimes spend money that we don’t have? Are overdraft fees new? Is this the first time you have ever heard of this? Balance your check book and take some responsibilities for your own actions people.

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avatar 156 Anonymous

Both myself and my husband had accounts with this bank. We both experienced the same problem and lost much money due to overdraft fees. We closed our account several years ago and have not received a post card, but believe we too are due recompense for their behavior. As a matter of fact, we did not pay the very last one, and it is still on his credit report.
Any suggestions.

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avatar 157 Anonymous

One time I was short $10 on my rent, and I know it wasn’t the best decision, but I wrote a check for it figuring I would be in the hole $10 plus one overdraft fee, to be paid the following week. Boy was I wrong. Even though most of my debit card transactions took place days before I wrote this check, they held them and processed the check first, and I had over $600 in overdrafts and fees! This bank nearly ruined us when we were already dealing with hardships. I quickly went to another bank.

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avatar 158 Anonymous

I have a question. I am also in the class action suit but I was reported to chex systems and EWS and have not been able to get another bank account because BOA reported. If I sent my postcard indicating I am in the settlement class would this help me clear these entries from EWS and Chex systems?

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avatar 159 Anonymous

How about the fact that now they’re not allowing people to connect their credit cards from other companies to use it as overdraft protection. Why would they do that? Well because, now that you have to use their credit card to have overdraft protection, if you make a late payment to your credit card, they automatically remove the card as an overdraft protection account, then charge overdraft fees … just another way to screw us over. How do we go about getting paperwork around the sum of overdraft fees charged from B of A?

Thanks!

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avatar 160 Anonymous

This is only one of several reasons I left Bank of America a year ago. Years ago, I used to work in banks. The banks I worked at were locally owned banks, but even they handled debit posting in a way that was more favorable to the customer and reduced overdraft fees. One bank I worked for even had a woman who worked an overdraft desk in the bookeeping department. She received an overdraft report every morning and phone customers with large debit amounts like mortgages to let them know and give them a chance to deposit enough to make the check good before a certain time that day. If the customer could do that, they still incurred the overdraft fee, but the check wasn’t returned, which made their life easier and eliminated additional fees from the payee who might charge returned check fees as well.

Now why can’t the big banks like Bank of America implement a program as thoughtful? Especially in this day and age where such a program could be automated.

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avatar 161 Anonymous

I was charged thousands in overdraft fees right after I graduated college and moved out of my parents house. I had a 6 fig salary and I loved to shop. I remember being on the phone with, or in the bank with my statements every other week, and was repeatedly made to feel like I just couldn’t do simple math. Has anyone been able to speak to someone with questions? Or is there an email address? All I can find is the automated 1-800 number and the snail mail address.

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avatar 162 Anonymous

I HAVE HAD ALL OF THE SAME HORRIBLE THINGS HAPPEN TO ME FROM BOA AND AM GLAD THERE HAS BEEN A CLASS ACTION LAWSUIT, BUT MORE NEEDS TO BE DONE! I HEAR EVERYONE SAY,”WHAT HAPPENED TO OUR COUNTRY?”, OR “HOW DO COMPANIES GET AWAY WITH CRAP LIKE THIS ALL THE TIME?” IT’S SIMPLE— WE LET THEM! DO YOU THINK THAT $410 MILLION IS GOING TO HURT B.O.A? ADD UP ALL THE TIMES THIS BANK HAS SCREWED YOU PERSONALLY OUT OF A $35.00 OVERDRAFT FEE AND THEN MULTIPLY THAT BY 250 MILLION!!! WTF!!! 410 MILLION IS BANK OF AMERICA’S WAY OF SCREWING US AGAIN! AND LAUGHING THEIR ASSES OFF WHILE THEIR AT IT! WHY ARE WE ALL ON THIS SITE WHINING ABOUT HOW UNFAIR IT IS AND HOW NOTHING IS GOING TO CHANGE? GO TO THE BANK OF AMERICA WEBSITE AND FIND OUT WHO THE CEO’S ARE, E-MAIL THE HELL OUT OF ALL OF THEM ABOUT THEIR UNETHICAL AND DOWNRIGHT CRUEL TREATMENT OF THEIR OWN CUSTOMERS! LET THEM KNOW YOU WILL NEVER HAVE ANYTHING TO DO WITH B0A AGAIN AND YOU’LL BE DAMN SURE THAT EVERY PERSON YOU KNOW, IN REAL LIFE AND CYBERSPACE, WILL BE INFORMED OF HOW THEY STEAL MONEY RIGHT OUT OF YOUR ACCOUNT! TELL EVERYONE YOU KNOW HOW THEY CHARGED YOU A $35.00 OVERDRAFT FEE FOR BEING SHORT .35CENTS BECAUSE THEY HELD YOUR DEPOSIT UNTIL YOUR ACCOUNT BECAME NEGATIVE, AND THEN CHARGED ANOTHER OVERDRAFT FEE, ON THE SAME DAY,BECAUSE THE FIRST OVERDRAFT FEE WAS CONSIDERED A TRANSACTION THAT COULD BE PENALIZED WITH ANOTHER $35.00 OVERDRAFT FEE!

IF WE, THE PEOPLE, STILL TAKE OUR BUSINESS TO A COMPANY THAT HAS SO BOLDLY SCREWED US ALREADY, THEN WE DESERVE WHAT WE GET. I SAY LET’S MAKE THIS BANK THE FIRST EXAMPLE OF HOW WE ARE NOT GOING TO PUT UP WITH BEING SCREWED ANYMORE! BY COMPANIES OR CONGRESS! WANT THEM OUT OF BUSINESS! LET’S BOYCOTT THE SOB’S AND TAKE THEM DOWN. MAYBE THAT WILL REMIND ALL BIG BUSINESSES THAT THEY SHOULD HAVE GOOD BUSINESS ETHICS WITH THEIR CUSTOMERS OR THEY WILL HAVE NO CUSTOMERS!

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avatar 163 Anonymous

Hi
I received my post card in Puerto Rico, I am glad about the lawsuit

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avatar 164 Anonymous
avatar 165 Anonymous

I moved and should have received a post card as I had a big issue with BofA for overdrafts. The bank teller at my branch informed me that BofA just allowed the overdrafts to occur purposely. They waived some of the my overdrafts but there were still $400 that weren’t. I closed my account and didn’t pay them. It hit my credit report badly…….please let me know how to find out if I’m included in this lawsuit. I moved since then so the card may have been tossed by the people that bought our house.
Thanks and good luck to all……Jon

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avatar 166 Anonymous

i eroy lost money do to bank of american .i can not open a checking account becasuse they liaed and said that i own them.

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avatar 167 Anonymous

They did the same thing to me!!!

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avatar 168 Anonymous

This has and is still happening to me! Plus i am in the middle of trying to get them to refund me some $14.95 fee that for an option on my business acct that they themselves said i never signed up for. This fee put my acct into the negative several times and then they charged me the $35 overdraft for there $14.95 fee that they were not supposed to be charging me in the first place. I havent gotten a post card yet. How do we know who is getting money from this settlement?

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avatar 169 Anonymous

This whole thing has came out of nowhere to me! I actually received a post card in the mail last week about this. Back in 2009 my husband and I were struggling terribly and BofA took advantage of this. We were charged fees left and right due to the way things were being posted to our account and it was pretty much nothing we could do about it. I assume if you got a postcard you are owed money. We shall see what happens.

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avatar 170 Anonymous

I hear its like in October but it could be when they have to start. I also heard since its class action we may only get $2.00

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avatar 171 Anonymous

I’m guessing $40 each, before legal fees. So $2 sounds correct. Lol

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avatar 172 Anonymous

I also got a postcard about this lawsuit. Do we just sit and wait for something to happen? Or are we supposed to contact somebody? I was charged a phenomenal amount of fees because of a transcation that I didn’t authorize which ended up snowballing. It tooks weeks to get this straightened out but they still refused to give back all the fees I had to pay..stating “I think you’re getting plenty back.” As if I should be grateful they are refunding fees I should NEVER HAVE BEEN CHARGED at all….

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avatar 173 Anonymous

I used to have an account with, “b of a”, and because of 300$ from my acct. they could not find, I closed my acct. because I couldn’t afford to have them lose any more. They stated, this was a result of accumulated overdraft fees. one of many places these fees were from was, Great Britian? go figure. because i’m not an acct. holder any longer, am I still elegible?

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avatar 174 Anonymous

Yes, you’re still eligible even though you no longer hold a account with them!

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avatar 175 Anonymous

It’s about time this happens!!!! I myself am a victim of this horrible corporation. I was getting glasses at walmart and was not told that I was going to get charged? When they told me I would owe $100.00 and I only had $126.00 in my account. I asked my girlfriend if I could barrow a 100.00 just to make sure I would make it till Monday when I got paid. So I charged my card and then went and picked up the 100.00 from the girlfriend and deposited the 100.00 in the bank and it said a balance of 126.00. So went through the weekend and never charged up to 100.00 well they didn’t post the 100.00 tell monday and with the 100.00 I charged they charged me for ever little thing that I got so end result was I owed them 895.00!!! They are crooks and hope they get what they deserve!!!!!!!!!!!! AHOLES

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avatar 176 Anonymous

Darnell,

We got played and the reps always made it seem as if we were irresponsible when I was faithful to writing down my transactions.

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avatar 177 Anonymous

They are sick I used the new atm and put 1000.00 in cash in and they heald to verify I asked so your machines cant determine cash from paper. No response and them my rent bounced causing overdraft fees and late fees!

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avatar 178 Anonymous

My Fiance got this post card in the mail. The funny thing is he never got an overdraft fee, but I did and thats why I cancelled my account with them. The only money that will be paid out is for those who stayed with Bank of America even after the bank charged them these fee’s. Anyone who made a smart move and left the bank is pretty much still out of money. If you ask me this lawsuit is a bit delayed.

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avatar 179 Anonymous

Hi C,

I disagree.

According to what I read on the postcard, any current and past customers are entitled to a credit. It doesn’t matter that you closed your account, if you were charged under false pretenses – you will get your money back. They also have a website if you want to read the full details of the lawsuit at:

http://www.bofaoverdraftsettlement.com/

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avatar 180 Anonymous

Nope, you’ll be getting something even if you cancelled your account. That was one of the FAQ’s so no worries. If that were the case, nobody would be getting anything! Those overdraft fees were the only reason EVERYONE I knew cancelled their BoA accounts.

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avatar 181 Anonymous

I received a post card and you can go to http://www.bofaoverdraftsettlement.com or call 1-800-372-2390 for more information. Hope this helps anyone who has questions.

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avatar 182 Anonymous

How much is each customer going to receive?

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avatar 183 Anonymous

Susan,

I would like to know this as well. $410 Million will likely leave all with $.04 for each fee they charged at a rate of $35.00. My money is gone, and I have tried to speak with the bank numerous times to have this corrected. I subsequently paid for past statements at an additional fee, and basically know I have been wronged. I would like to know the expected return for each $35.00 charge as well as any caveates they plan to impose in addition to decrease this amount. The postcard is a bit of a joke.
Good Luck
Kevin

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avatar 184 Anonymous

Susan,
Don’t get your hopes up, the BofA customers don’t get a piece of 410 million. We get whatever is left after the lawyers collect their fees, and you better believe the lawyers will take a huge chunk of that. The only way to stick it to BofA is to organize a movement and get as of their customers to withdraw and close their accounts at the same time so that they feel the lost. We often sit in silence waiting on someone else to do the dirty work. We need to all be leaders and not followers.

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avatar 185 Anonymous

I am so glad that something is being done about these crooks. I cannot wait for this suit to be overwith. I have been a faithful customer for goin on 27 years now. I am not free of calculation mistakes (really who is) and you would think that a BANK of all businesses would see that and be decent with clients who have been with them for so long. Shame on you BOA.

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avatar 186 Anonymous

Yes, I got my post card. I cancelled my account of 27 years because BofA was charging me $16.60 per month in monthly fees when they were advertising $8.95 per month or free if you have direct deposit and online bill pay. When I called them about the fees, they told me that it was the plan that I choose. I’ve never choosen a plan with them that would charge me fees. I think this might be another lawsuit, false advertising.

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avatar 187 Anonymous

So…if this is true, we are due a refund of some kind.
Right?
The problem I see is this: “we” means many thousands of accounts. How much time will it take to process all of this (or, bluntly put, when do we receive our refunds?)

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avatar 188 Anonymous

Hi everyone

I received my post card, my question is how much money will be received, and when that the important thing at this time how much and when please anybody can answer that thank you

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avatar 189 Anonymous

Hi everyone

I received my post card in the mail. And my question is , how much will i receive if I’m included in the settlement.I also had a savings account & a checking account with a checking account credit card and a savings account credit card,during that year of january 1, 2001 and september 15, 2007. If I do or dont receive any part of the settlement , please notify by email.

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avatar 190 Anonymous

I am so glad to know BofA is finally getting caught. In 2003 an incorrect internal money withdrawal (ACH transaction) was applied to my checking account effectively zeroing out my account. By the time I had caught the error, I had written a couple of checks. When I approached Bof A, they did state that they would research the error but gave me no relief on the overdraft fees until the research was completed. Additionally BofA told me they would “confiscate” my direct deposit payroll to cover the overdraft fees (not covering the check amounts) and use the rest toward the ACH amount, even though it was in dispute.

When the research was completed by BofA and the error corrected, BofA did not bother to contact me by letter or other method to acknowledge that the correction had been made, it just showed up on the monthly statement over a month later.

I won’t even relate my experience when BofA took over my home mortgage in 2009. It was a nightmare that lasted over 4 months.

In my opinion, there is no such thing as customer relations at BofA and I am just very glad to hear that BofA business ethics are now coming back to haunt them.

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avatar 191 Anonymous

I’ve tried to call the 800 number because I have questions. Do I need to fill out a claim form or will they send me the money automatically and my address is the same, and I also heard that they will mail the checks out in August or September. So did any of you BOA customers ever talk to a live representative??

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avatar 192 Anonymous

I didn’t hear that they will mail the check in Aug or Sep. I read that they plan on settling in November so that doesn’t sound right. If you’re going to receive anything, you don’t have to do anything. I’m actually curious as to how they found out my current address since I’m always moving! I won’t complain.

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avatar 193 Anonymous

Unfortunately, I did speak with representatives who made comments to me like “you should have checked your checking account balance before shopping” , “we will use your direct deposit payment toward the overdraft fees and the ACH transaction” etc. along this line. The best rep response I got was “yes, we got your fax, it is still in our in box” (the fax had been sent four weeks prior). Obviously BOA does not invest money in the customer service department which is why you probably have not been able to get thru.

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avatar 194 Anonymous

They owe me thousands of dollars!!!! They have been doing this to me for years. I have addressed thios issue with several custoner service reps over and over again. Now God and many others have finally heard my cry.

I was a student at the time writing down my transactions and budgeting my money. Then all of a sudden, all my transactions would post at the same time causing 6-8 fees of $35.00 a pop. I couldn’t even get them waived because they would say that they only could waive them once. They have been doing this scandalist thing for years!! Its now time to put it all to an end and give credit as it is well deserved.

I can’t tell you how many times I have called them to complain about their posting. I wish they saved those recordings.

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avatar 195 Anonymous

You should switch to a credit union or a better bank… if they’ve been doing it for years it’s your fault for sticking with them.

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avatar 196 Anonymous

Apparently if you received the post card in the mail you are already apart of the Class Action Suit. But with a $410 million dollar settlement and 50,000 people minus the attorney fees and others who get paid fist ALL you will receive is $6.00!!!!

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avatar 197 Anonymous

Hi

Is that is true people you only received 6. dollars, please somebody explain is that is true i dont believed that.

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avatar 198 Anonymous

I have also been through the horrible service. I would have money in the bank and have several charges out that would be covered. A week later I would use the card again for something big a day before my direct deposit was to go through and they would clear the large amount first, then all of the small amounts and then put in the money causing me to have a few hundred dollars in overdraft fees. Then if I was not going to overdraft, they would take out a $20 charge that would overdraw it and couldn’t even tell me what it was for. Finally when I did close my accout, I received a statement balancing my account at $0. Shocking enough I ended up on check systems for the next seven years because they said I still owed them money. Good for whoever started this lawsuit. I applaud you!

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avatar 199 Anonymous

why would we only get 6.00 when they took more than that. the card said it was based on what they took, so that leads me to believe that you at least get that amount back……right?

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avatar 200 Anonymous

Actually no. I did a little quick lamens math and here is what I came up with. If the said settlement is for $410 millinon the lawers are entitled to 30% (according o the BOA settlement site). Ok, 30% of $410 million is $123 million off the top to the lawyers. So again simple math says $287 million is left to be distributed. If there athere are say 1 million people involved in said suit, it equates to about $287.00 per person. Not including court fees and misc. if applicable. I think it will depend on how many people are involved in the suit. Not actual written in stone facts just lamens math give or take twenty bucks. SUCKS!!!!!!!

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avatar 201 Anonymous

Here is another fraud they did…back 2009 in nyc BOA had a special where if you used your debit card for over 100 dollars to pay for subway card you would get 20 bucks into your checking account every time you charged the 100 bucks..I charged 200 bucks a month for work and never receiceved a dime…and the best is when I spoke to them about on the phone they never heard of this promotion…don’t get me started on the 3 grand in overdrafts when I was laid off my job…almost 300 bucks a month they would hit me in overdrafts…the best is when I used my debit on Monday and it happens to go through 5 days later…

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avatar 202 Anonymous

You will get more money back is you don’t take part of the lawsuit. By not opting out you only get a percentage back but by going to your local courthouse and filing a small claims law suit (15 bucks) they will give you 100% back. The class action lawsuit was filed by people hired by Bank Of America. This is another scam to rip you off….don’t buy into it. OPT OUT AND GET IT ALL BACK…I DID!

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avatar 203 Anonymous

Can you give me more detail on your decision to opt out? It makes sense in a way and who wouldn’t be influenzed by getting it all back. Can you provide a blueprint on how this option would be better for the people harmed by B of A?

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avatar 204 Anonymous

Gene…
I as many others was charged thousands of dollars for overdraft fees…on my personal accts and business accts. Could you explain further how to get all of the money due to me from BOA via small claims please and how long did it take you from the time you filed and recieved the money back?
Im also wondering since I do not have all my statements since 2004 how I can retrieve the statements so I know just how much they do owe me and what I can get back via small claim.

Best Regards…

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avatar 205 Anonymous

Gene, I no longer have a account with BoA. How do I find out how much I lost in overdraft fees over the 7 years I banked with them. It has to be at least 2,000.

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avatar 206 Anonymous

Hi, I haven’t received a post card yet. But I’m thinking of opting out because of how much they took from me. yes, partly my fault I understand but something were just ridiculous. Can you be so kind and tell me how you filed the small claims (details please). Thanks!

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avatar 207 Anonymous

i recive a post card but recently moved where di change my adress to make sure im stil,l part of this

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avatar 208 Anonymous

how will we know when we get our money?? i could use it, and i havent gotten a postcard yet either… please let me know whats going on with this lawsuit thing.

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avatar 209 Anonymous

Sorry sir, but you won’t get much. The lawyers working the case will get a hefty paycheck from people like us. We will get the scraps.

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avatar 210 Anonymous

Very anxious to learn more. I want to know if our individual settlements will vary depending upon how many times we were incorrectly charged an overdraft fee. Please post when actual answers are available.

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avatar 211 Anonymous

This is really a shame what bofa was doing. This placed undue hardship on customers who were just getting by. I wonder when something will be said about customers who were ignored when requesting a loan modification which led many to foreclose on their homes or file bankrupcty? It’s hard enough for people these days…financial institutions stop taking advantage of people!!!

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avatar 212 Anonymous

after viewing numerous messages, if 1 million people are involved, looks like $41 buck and likely less is what we’ll receive. That is not payback for the suffering many encountered.

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avatar 213 Anonymous

It’s not just financial institutions, we need to smarten up and stop getting taken advantage of. Since this is banking I won’t say who else is taking advantage of us PEOPLE.

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avatar 214 Anonymous

I hate to be the one to say it, but the BofA customers that were victims in their scam still won’t get much restitution from this. The attorneys will get the bulk of the 4 mil, as their fee is inclusive in the deal. They’ve been working on this since December 2008, almost 3 years on this case. You better believe they will get half if not more, we’ll get the rest. This is a shady system, but since no one really speaks up we all keep getting taken advantage of. My parting words, we were and will always be suckers until we stop being silent and speak up for ourselves, as well as others.

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avatar 215 Anonymous

Even with this lawsuit pending B of A is still using their same system of debiting your account. Just yesterday I printed an online statement of my husband’s account and a debit on the 25th. of July was posted before one made on the 23rd. How can they continue to legally do that? Today, it is posted in order, so they just went into my bank statement and changed it again. This is what confuses alot of people when the bank posts debits and yet can go in and re-post them to their convenience which usually ends up creating an overdraft. I am on limited income and I can’t begin to count the numbers of times I have had to go into the bank due to overdrafts. The keep the change program, has in the past, caused overdrafts to my account too even though they should have been canceled. As for the overdraft protection from a savings account, even though they are aware that there isn’t enough in the savings account to stop an overdraft from occurring, they take whatever is in there, transfer it, charge a $10 fee and then a $35 overdraft fee for every overdraft that it creates. Why transfer $3.00 when say $23.00 is needed to protect against an overdraft? Because then they can charge $10 fee for the transfer of $3.00. The bank doesn’t email you to tell you that they have taken a $10 fee from your savings for the overdraft protection until it has burdened your checking acct. even more and overdrafted many little debits like cups of coffee or a fast food purchase for as little as $1.12. That’s a big fee of $35 for each overdraft too. It’s like some kind of a punishment for the people who work their butts off every day just to put food on their tables and pay mortgages. I am on disability and limited income. I worked my whole life, and I am sick of companies taking advantage of people in need.

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avatar 216 Anonymous

I experienced the same thing. There were times where I even applied for Overdraft protection after complaining about the fees and was denied for the service.

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avatar 217 Anonymous

I received the postcard but I don’t think that there will be much of payment. Read the following carefully, this is from the website set up. http://www.bofaoverdraftsettlement.com

How will the lawyers and Class Representatives be paid?

Answer:
Class Counsel intend to request up to 30 percent of the money remaining in the Settlement Fund, after costs and expenses are paid, for attorneys’ fees and costs. The fees awarded by the Court will be paid by out of the Settlement Fund. The Court will determine the amount of fees to award. Class Counsel will also request that up to $5,000 per Plaintiff, or $2,500 per Plaintiff for married couples in which both spouses are Plaintiffs, be paid from the Settlement Fund to the Class Representatives for their service as representatives on behalf of the whole Class.

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avatar 218 Anonymous

I have been banking with BOA for years. What they have done is caused me to overdaft on smaller items by processing the larger purchases 1st and caused me to overdaft on smaller purchases. Over the years I have probably paid over 1000 in fees easily I was notified by a post card as well. I actually have alot of my bank statements from the past showing the extent of these fees. It is obvious that BOA has made alot more this then they are compensating for.

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avatar 219 Anonymous

I banked with B of A for 16 years and was charged lots of money for overdraft fees. I did finally close my account years ago.. I glad to hear they are being sued ..

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avatar 220 Anonymous

I ordered something over the phone. After countless efforts of trying to get them to stop charging me for other products I didn’t have, I went to BOA to ask them to freeze my account; put a hold on the company charging me or to completely close the account. They explained they couldn’t do anything about it. So, my bank account went from a -$32 all the way to almost $700! how can I get this matter cleared!

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avatar 221 Anonymous

My son had an account with them in college which was charged off because of overdraft fees. Now he cant open another account at another bank.
How can this be rectified?

Thanks

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avatar 222 Anonymous

I been BOA for about six years and everytime I put money in it seems like its gone before I can use it. I couldnt open another account nowhere so I stayed with them. These overdrafts fees are killing me

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avatar 223 Anonymous

We should all write to the court and not take the settlement, but you have to write a letter and let them know. Because the bank will not stop doing this, plus after 5 day if you havn’t yet paid the fee. They give you another 35.00 overdraft fee. We should sue for that also.

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avatar 224 Anonymous

Im with you on that cause the bank is taking money for no reason and when you ask them they have no answer

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avatar 225 Anonymous

I have always thought it was not right that they processed transactions from largest to smallest.
For example:
It’s a Friday evening and you have $100.00 in your account.
Late Friday you buy a pack of gum (.99)
Early Saturday you buy a coffee (4.00)
Saturday afternoon you buy lunch (15.00)
Saturday evening you buy a new pair of shoes (50.00)
Sunday evening you put gas in your car (50.00) This is where you really overdrew by 19.99
But come Monday morning when all the transactions hit your account the order goes:
50 – Sunday
50 – Saturday
15 – Saturday (This is where it says you overdrew)
4 – Saturday
.99 – Saturday
Then you have to pay $35×3 in overdraft fees when you should have only had $35×1 for the GAS ONLY.

Bank of America has thankfully changed their policy. You have 5 days to put money in your account before they charge you any fee, however they still have it in order of largest to smallest so if you don’t have the money by the end of the 5 days you still have to pay more than you should in overdraft fees.

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avatar 226 Anonymous
avatar 227 Anonymous

My husband and I lost over $4000 because of this bank when they were doing this. I was on the phone with them all the time. I’m so relieved that this was settled. When do we get paid? We all deserve it.

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avatar 228 Anonymous

I too was charged unfair overdraft fees. I received a post card with the phone number (which I called and it was all in Spanish). Since then I misplaced the post card and hoped that you could give me the web site or phone number in English so I could make a claim.
Thank you for your help,
Susan

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avatar 229 Anonymous

I had a whole lot of overdrafts,lost my business,and had to move in a shack house,where a snake fell through the roof chasing a mouse.My wife,and 5 kids live there in a one bedroom 1bath shack.these were not good times.

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avatar 230 Anonymous

I haven’t had an overdraft in 18 years until my divorce when my ex and her brunch group all decided to get a divorce together. Well, not knowing how divorces work she cleaned out the checking account and then thought it would be cute to keep purchasing on her debt card. By the time I figured out what happened there were $4200 in overdraft fees, because BoA just let the charges keep rolling through even though they knew there was no money in the account and because they processed them largest to smallest. $1.00 cup of coffee cost $1 + $35.00 = $36.00. There were about 100 transactions like this and BoA wouldn’t wave any of the fees.

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avatar 231 Anonymous

I received the post ard in the mail as well. B of A has been robbing my husband and I on a monthly basis since 2005. We were having a difficult period and monthly we were having fees of 3 to 4 hundred dollars. Last year, in 2010, we decided enough is enough and closed our account.

The post card YOU MUST READ IT CAREFULLY. IF YOU WAIT PAST THE DATE ON THE POST CARD YOURE AUTOMATICALLY PART OF THE CLASS ACTION, LEAVING YOU UNABLE TO FILE YOUR OWN LAW SUIT TO GET BACK YOUR OWN MONEY. You must call that number to remove yourself from the class action if you want to set up an independant action, as my husband and I started to do. That way you’re not getting a piece of it as little as you would with a class action. We decided to hire our own attorney.

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avatar 232 Anonymous

AND I THOUGHT IT WAS ONLY ME!!!!! OMG, to think that there were probably on average 5 other ‘suckers’ in line at the bank having the SAME problem! Those S.O.B’s at BofA ‘ain’t sh**t’!!! They were REALLY doing this to me (all of us) when the market crashed in 08′. I was used to having to pay anywhere from $70 to dang near $400 in overdraft charges EVERYTIME I went to cash my check. As soon as this settles, you better believe I will be CLOSING MY DANG ACCOUNT and giving the ‘bird’ to that establishment and letting the branch manager know to tell ‘their’ bosses that this is what a 19 year loyal customer thinks of them and that I hope their bank sinks faster than the Lusitania!!!!! (not making fun of that tragic sinking, buy you get the picture.)

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avatar 233 Anonymous

Well Bank of America has a new swindle. I just got off the phone with them about overdraft fees to my account. They then started to give me a run down of how they posted payments to my account, which did not resemble anything on the paper statement or the online statement.

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avatar 234 Anonymous

what can be done if the post card is lost? I have been with BoA for several years and it was not until recently that I found out that an overdraft fee could be waived. I have paid thousands in overdraft fees over the years. Several members of my family still owe money to BoA due to those fees

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avatar 235 Anonymous

i have had an account with bank of america where they took out alot of overdraft out of my account i would like for you to send me info for the law suit so i could get some of my monry back my address is 11420 arch st. littlerock,arkansas 72206

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avatar 236 Anonymous

when will i get my money

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avatar 237 Anonymous

There are still thousands who qualify for the lawsuit and did not get a post card…I think the court should cap the lawyer fees at 20%…they will still receive millions and we will end up with pennies…if they are so concerned about us…why aren’t we getting the millions? They got all our names and addresses from a database…they havnt worked that hard on this case…we as consumers are getting SCREWED again…just by a different JOHN!

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avatar 238 Anonymous

Hi everyone

I received my post card about two months when will be receive the money and how much stupid but important. jose

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avatar 239 Anonymous

I got my post card in the beginning of Aug. I argued with the bank so many times and they didn’t pay me back then and I don’t expect much now. I had money in the bank and a blink of an eye I was -$640.00. I called to argue they said they can take one over draft off. I said no thank you. You can keep your -$640.00. Never closed my account. This was in 05′. After 7 yrs. They send me emails now telling me my account is under $5. lol duh! I hate Bank of America. Just like our government they will say, we are broke, but checks in the mail….right?

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avatar 240 Anonymous

Accountability: Damn lawyers will reap the benefits of the lawsuit ; the account holders will get cheated again

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avatar 241 Anonymous

I paid a lot of money in overdraft fees because I did not know their policies etc. How can I get my money back? I always thought their fees were too high and policies were too hard to understand. I lost a lot of money for nothing! Now we paid $12 a month for a checking account and I don’t know their policies but I just make sure I have extra money in my account plus $12 extra every month. I am also looking for a new bank but I do like Bank of America, just not some of their policies and the lady I talked to about their policies she seem as if she was not honest etc.

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avatar 242 Anonymous

How can I get the money I paid in overdraft fees?

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avatar 243 Anonymous

Class Counsel is US- They are requeting basically $5000 per house hold— Chances are you will get at least a decent amount back and really getting ANYTHING back is better then nothing…

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avatar 244 Anonymous

The 5,000 is only for a special 30 people. Probably the first 30 people who started the lawsuit.

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avatar 245 Anonymous

Where did you see this info? I’ve been reading $5000 per joint account and $2500 for individual. My husband and I had 2 different accounts with one joint and one individual so what does this mean for us?

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avatar 246 Anonymous

It says in the official settlement agreement that each individual plaintiff or married couple who is listed in the settlement as a plaintiff (i.e., the people who initially filed suits) gets $5000. If I counted correctly, it’s 27 people or couples. Here’s a link to the actual agreement: http://www.bofaoverdraftsettlement.com/Portals/0/Documents/BOA%20Checking%20Account%20Overdraft%20Litigation_Stipulation%20of%20Settlement.pdf

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avatar 247 Anonymous

when are they sending out the money from the law suit do u know and i can’t find my post card that i recieved so how do i contact them

Faith

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avatar 248 Anonymous

I’m not expecting to get much at all. Atleast not in comparison to the money they took. I usually don’t yell at people but spent 15 minutes on the phone wondering how my account could look one way at 11:50 pm and at 12:25 am my account looked completely different. When I called to ask how I could have used a debit card at a place I hadn’t been for a week, I got a response that told me that it’s my problem I can’t keep my account correct. I then asked how I could use a debit card with a negative balance…got no answer. Had I been in the bank I probably would have been escorted out. Then I got charged a fee for a fee, which is not supposed to happen….atleast that’s what the BOA rep said and I would get it back. Never got it. BofA is a fine bank if you never make an accounting mistake, which happens. Unfortunately at BofA their practices and being a penny over could cost hundreds. So, even though I don’t expect much, the fact that someone called them out is satisfaction for me. I closed my account a couple of years ago so the money as far as I’m concerned was gone forever.

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avatar 249 Anonymous

Don’t expect to get much people. All you have to do is do the math to realize that there are too many people involved in this lawsuit for anyone to get any real money. First there are over 20 million B.O.A customers. So, lets assume half of them have been screwed over like the rest of us. That leaves 10 million people. Okay, first take the $410 million settlement and cut it by 30 percent. Yes 30 percent is for the three lawyers who are representing 10 million of us, ridiculous i know. Now that leaves $283 mill. The end result is $28.13 each. So considering these are rough estimations lets assume it will be anywhere between 20- 40 dollars. I think these lawyers are the ones getting rich while we all still suffer. I for one will remove myself from the class i never agreed to be a part of in the first place.

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avatar 250 Anonymous

I read in an article that it’s well over 1 million customers. I did the math at it being 1.3 million customers (an estimate) and it came up to about $98 a person. I’m declining.

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avatar 251 Anonymous

Are you thinking of going after them on you own?

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avatar 252 Anonymous

Im so glad B of A is being sued, but i dont know how they are going to split up the money, all i know is they have taken hundreds from me, and charged me over draft fees on top of over draft fees, if you dont pay your over draft fee in 3 days after you receieved the first one they said they could charge you again..smh…. ive lost bank accounts and have money stolen from me by bank of america,,,, they owe me,, from all the arguments i given and for the smart mouths @ san bernardino b of a off highland ave…. im just happy there was people out there that could afford a lawyer to sue…

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avatar 253 Anonymous

You also have to subtract the costs for administration of the settlement account, the costs of the mailings they sent to BofA customers, the mandatory advertising they had to take out, and the $5000 each that the plaintiffs get, plus who knows what other costs are associated with it. At least they are disbursing the settlement according to how much in fees they took from you. If you only had one bad overdraft fee you’ll get much less than someone who had 100. So, you know, maybe $10, maybe $100.

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avatar 254 Anonymous

hi
I disagree cant be 20millions of customers, i assumed that will be received 5,0000 each customers, because 1. some of the customers not received the post cards 2. others customers no was involves in overdraft problems 3. if everyone only receive 20 dollars no one will agree to get involve in the class law suit, somebody get contact we the lawyer to get information because i was involve in the law suit, and no one ask me concern on this situation. We have right and they everyone permission to continue we this class lawsuit if we no get money i disagree we all this lie.

regards
I do not think they have 20 million customers in the bank of america if lawyers took advantage of all customers to file a class action lawsuit for get rich that’s a fraud. I understand that we must receive at least 5,000 dollars has everyone but it is so this is all a lie. Someone should call this law firm to report everything that is happening is our right. I think the only ones who will receive money are the ones who received the post card because many customers had no checking account and were not welcomed into the overdraft

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avatar 255 Anonymous

I might agree with this if it was written with a little bit of grammar…

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avatar 256 lynn

I think it’s apparent that English is this gentleman’s 2nd language. I applaud him for going out on a limb and jotting down his thoughts. Dispite people who try to shame him.

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avatar 257 Anonymous

I do agree with you Lyn… I say as long as I could make a sense of what his saying, i dont see any need to put him down

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avatar 258 Anonymous

I have a better idea.. why don’t they pay everyone what they took from their accounts? And while they are at it.. they should slap another 50% of the total for hardship it has caused.. If I get 50 bucks, you can bet your ass I will be sending an objection letter… probably paid 4-5000 in 9 years with the bank.. no kidding, I will not accept $70. If they send me anything less than what they took from me.. i will split it up into 1/3rs and sent it to each of the lawyers and tell them I figured they needed the money more than me.

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avatar 259 Anonymous

If you paid that much in fees, why did you keep your account(s) for 9 years? You can send an objection letter, but unless you exclude yourself by the deadline, you are legally bound by the settlement, and you will not be able to receive any further damages.

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avatar 260 Anonymous

If you accept the $50, you’ve already blown your opportunity to go after them. Legally, you throw away that right if you don’t opt out of this settlement.

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avatar 261 Anonymous

When will we see this money?

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avatar 262 Anonymous

You’re an idiot Zachary. How does that equal $28.13???

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avatar 263 Anonymous

A little harsh Jen? Let me put it this way, unless you are one of the 32 class representatives there is no way you are getting more than 100 dollars

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avatar 264 Anonymous

My calculations put it at approximately $28 as well.

Is there a dislike button? ; )

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avatar 265 Anonymous

lol per his math its 28.30 not 28.13 so you’re both wrong and right …just sayin

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avatar 266 Anonymous

I just said $28 in general…not $28 and a precise amount of coins.

Just sayin…

avatar 267 Anonymous

Oh..but whne I do the math to get an exact amount…It’s $28.70…

Once again, just sayin’.

410,000,000 x .7 = 287,000,000

287,000,000/10,000,000 = $28.70

And, there’s your math lesson for today, folks. I’ll be back tomorrow, same place, same time. ;)

avatar 268 Anonymous

Does anyone know if I can still do anything about this? If so, how? They charged me fees many many times when I had an account with BofA and I would like a little of it back.

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avatar 269 Anonymous

If I did the math correctly, and let’s say there are 1.3 million plaintiffs that they are representing that would be about $98 per person. 32 original plaintiffs will receive about $5000 a piece. Lawyers will take in about 30% of the lawsuit, so really not much for the rest of us. I’m declining. There is no way that we would each get $2500 – 5000 a piece, the math does not come out even close. that would mean only 82000 people would get a cut.

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avatar 270 Anonymous

It’s not so much the amount of money that I’m getting back that matters, what matters here is the fact that they’re suing those scumbags. I’m really happy this is all happening and look forward to one day hearing that BofA declared bankrupt!

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avatar 271 Anonymous

i agree 100%.. they are blood suckers. the sad thing is regardless of this lawsuit they will find another loophole to get over. i’ll keep my money in my bra like my grandmother did. damn you banking system

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avatar 272 Anonymous

BofA killed my mom. She was dealing with this type of CRAP and had a heart attack and died. 11-28-08. I hate BofA.

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avatar 273 Anonymous

I’m so sorry to hear of your loss. These financial institutions should be prosecuted for more than monetary losses. This is a prime example.

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avatar 274 lynn

Anyone else who caused an incident like that would be prosecuted for involuntary man slaughter. I’m so sorry for you and your family.

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avatar 275 Anonymous

they caused me as of this date to be put in jail due to this policy of posting in batches. i paid a fine off with dmv to only later find out it bounced due to this action. i have paid so many fees and i knew it was a scam.. but do we think they are the only ones?

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avatar 276 Anonymous

@ J.Quinn- I am really very sorry for your loss. May you find peace and healing soon. I abhor BofA they have caused me a lot of trouble.

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avatar 277 Anonymous

BofA killed your mom. Sorry for your loss, but STRESS killed your mom. Not the bank. If your mother didn’t get so stressed out about stuff it wouldn’t have given her a heart attack.

What an idiotic thing to say…a bank caused your mom’s heart attack. Did the coroner’s office tell you that after her autopsy?

Didn’t think so.

For all you know she could have had clogged arteries which caused it. Get real.

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avatar 278 Anonymous

What an insensitive thing to say to someone who lost their parent in this mess! Some things are better left unsaid. In other words in the words of a mama…if you don’t have anything nice to say…keep your mouth shut or in this case keep your hands off the computer keys. Some people are just DUMB for no reason. The stress caused this woman to have a heart attack…that is REAL!!! And no idiot the coroner would not tell her that…but that doesn’t mean its not true! Get off your high horse…

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avatar 279 Anonymous

@Amber Mosow – what a piece of cold hearted ignorant scumbag of a person you are. Apparently you have no feelings, how can you say that to someone who is going through a lot? Sympathize with him and get your paws off the key like Cynthia says!

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avatar 280 Anonymous

She might have been a little harsh, but it seriously wasn’t the bank’s fault. I’m not an employee but that is a little extreme to blame a bank for a heart attack. The bank is not responsible for how we mismanage our money. BOA has been great to me, I’ve sat down and talked to them and the rep even help eliminate some of my fees. Its all in how you deal with them.

avatar 281 Anonymous

Stress from financial problems can kill someone. That is a fact. I had a heart attack a while ago and my doctor told me if I did not get the stress under control I would have a major heart attack within a few years and it could very well kill me. So do not assume just because it did not happen to you that it wont happen and cant happen to anyone.

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avatar 282 Anonymous

wow what if someone talked about your mothers passing with such disrespect. she should slap you in the mouth

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avatar 283 Anonymous

I’m not even going to waste precious time figuring out how much money I’m getting back. It’s all in the past and even if I get a dollar, I’ll be happy. Hey, that’s one Ring Pop for my 3 year old!

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avatar 284 Anonymous

I agree with Nicolette if i get $15 for the thousands i lost with bank of america ill buy a lil beer an catch a buzz whatever!!

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avatar 285 Anonymous

Or at Dollar Tree it would be 4 ring pops…lol

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avatar 286 Anonymous

Shoot…I should go to the Dollar Tree with my dollar!

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avatar 287 Anonymous

I received a post card pertaining to the settlement, but would like to have info on how to opt out and have an attorney represent me. Now, if I do have an attorney represent me, would I have to pay the attorney directly or would he or she receive payment from the class action? Thank you

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avatar 288 Anonymous

Bank of America will still charge you a $35.00 fee if a transaction is returned and you do not have overdraft protection. They will also charge you a fee if you have a savings account that they can draw from to cover overdrafts.

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avatar 289 Anonymous

The article states “The banks say that by ordering debits from largest to smallest benefits customers.” This is an obvious excuse for what they are really trying to do which is make more profit despite ethical concerns. Is it just a coincidence that this approach yields the most profit for them? What if the $800 payment in the example was for a new television? Do they look at the business receiving the payment? What a croc…
Bottom line: I never asked BoA to make financial decisions for me, only to hold my money. Show me where I signed up for that…

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avatar 290 Anonymous

I’m a Swede and living in sweden but still have my bofa account active after my years in L.A.
I got my postcard but i dont remember that i got charges for fees target in this lawsuite.

So i guess no big money will hit my checking account.

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avatar 291 Anonymous

Bank of America is SOSOSOO CROOKED,,,they allow people to take money from my account, and said it was a judgement against me by a bill collector. They wrote me a letter to tell me that they gave my money away. I need to know if it’s too late to join this lawsuit???? They sucked me dry for a long time.

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avatar 292 Anonymous

I received my postcard in the mail about the Class action being taken against BOA. How are we to know when it will settle? I’m tired of these banks taking advantage of us people who work very hard to make ends meet from paycheck to paycheck and even when being laid off from a job! They got bailed out by the Government! With all the money they stoled from us they owe us all!

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avatar 293 Anonymous

Now my husband and I are trying to get BOA to work with us in keeping our home since we are not goign to have house payment made on time they charged us over $300.00 in late charges.My husband called them ahead of time to let them know we would be late due to me losing my job and unable to collect unemployment due to being overpaid so the state says! I’m getting it from every angle. Just trying to make ends meet and stay ahead of losing our home.

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avatar 294 Anonymous

Saludos thank you lynn

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avatar 295 Anonymous

well they way i see it, since they obviously went out of their way to find me (im no longer in the state where i had the acct), it must be worth their time to track me down and send me a post card… the least i can do is take the money when it comes!

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avatar 296 Anonymous

I received a check from them yesterday for $50. Over the past five years, I’d guess I had five or six overdraft fees total.

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avatar 297 Anonymous
avatar 298 Anonymous

Since the court will not be making a decision until NOVEMBER 7,2011, I doubt the $50 you say you received is from this class action suit.

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avatar 299 Anonymous

This is nonsense! BofA made billions of dollars through overdraft fees in the past 10 or so years and they are only offering $410 million?; this is an insult to our intelligence!! i think we should be talking of a billion dollars settlement people. All of us should not agree to this settlement but rather we should take it back to court and ask for an increment. Am sure a lot of people think that if we decline this settlement, it will take along time before they get any payment since the case has to go back to court, but am sure its worth the wait and since the returns will be satisfying.

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avatar 300 Anonymous

Who are these original plaintiffs, why didn’t we read about the lawsuit earlier, so we could have joined in, I just got my post card and so did my 3 children, I have been complaining for years, and have gotten insulted by BOA managers, one even told me I would “never be able to bank anywhere” another said “what do you think we do, watch your account then we start over drafting, when the charges come thru? Ah YA. I would have loved to join in this lawsuit, that overdraft fees caused so much hardship esp. when it starts a domino effect, taking almost all if not all of my paycheck, I even had to take 4 check cashing loans, to get out of the overdrafts, it took me almost a year to pay back the check cashing loans one by one, what about the the time my power was shut off, I couldn’t pay cause all my paycheck went to overdrafts. I deserve to have my overdraft fees paid back to me, for all the hardships I had, the original plaintiffs might be getting more then they lost, $6,000. and that sucks, all I want was what was taken from me. I HATE BOA

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avatar 301 Anonymous

I actually called BoA and asked them to waive the overdraft protection and just make it so that the card doesn’t go through when I overdraft. The first customer representative told me they would set it up for me. I received another overdraft fee a while after that. I called again and this time the rep told me that it was impossible that someone had set it up for me, since it wasn’t an option they let people pick, especially since it would be embarrassing for me to have a card fail. Inconsistent, lying, SOBs.

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avatar 302 Anonymous

I had BoA years ago. Got tired of the fees and switched to BB&T they are far worse than BoA. As we speak they are charging me 175.00 in overdrafts only 70.00 is legitamite but it will be like pulling teeth getting my money back. this isn’t the first time. i’m getting ready to cancel again. maybe a credit union is better?

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avatar 303 Anonymous

Does anyone know where to opt-in for the BoA suit? I lost the tiny post card.

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avatar 304 Anonymous

800-372-2390

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avatar 305 Anonymous

You don;t have to opt in, you only need to opt out. And I hope you all opt out because you don’t want the $28. I will take all of your cuts too. I am just glad they are being pennalized, and the lawyers doing the work deserve to see their fare share

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avatar 306 Anonymous

lets not waste our time speculating whether it is $28, $28.13, $30. or $50 bucks what we all getting. I took the time and wrote to the lawyer representing all of us (Michael Sobol). to my questions of how much we will be getting and whether a flat payment for all of us or not. his response below

“no we dont have an estimate for the amount each class member will receive at this time. it will not be a flat payment across all class members. there is a complex formula to determine what each class member will receive, and it is based on how many overdraft fees you incurred as a result of resequencing. please see pages 25-32 of the settlement agreement ( Available under “court Documents”on the settlement website, http://www.bofaoverdraftsettlement.com” so for those of us who believe had been charge many many ODs there is hope to get big chunk of that back, and not simply $20 bucks. Also, if you know how many ODs you were charge, then refer to the pages above and do the math.

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avatar 307 Anonymous

when will we be recieving our checks! im excited whether its a lot or a little, i hope a lot because i got so many ODs when i had a BofA account.

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avatar 308 Anonymous

I did too. I owed the bank so much in overdraft fees its unbelievable.

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avatar 309 Anonymous

After reading all these posts about how all of you hate boa, and bla bla how about taking full responsibility for your finances. If you have no money in the account, why spend something you never had? Banks are made for profit!!!! If you don’t like banks keep your money under your mattress!!!! If I ever overdraw my account I would never blame a financial institution for my mistake. The fees are their profit, a normal person needs a bank, like I said if the rules don’t fit you, don’t bank!!

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avatar 310 Anonymous

Agreed. I’ve made overdrafts 3 times. Once was a bill pay mistake (I paid the same bill twice) and they refunded me, thankfully (so much for those horrible people at BoA). The other two were my own stupidity, and damn, did I ever learn my lesson. They really shaft you with those killer fees. If you don’t watch your balance, you get what’s coming to you.

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avatar 311 Anonymous

Really, John? Don’t bank? That’s your answer?
Anyone who is able to justify and/or defend the rights of BofA to charge it’s customers the fees it has charged over the years is either an employee, a relative benefiting from these profits or hired by BofA to represent them. Either that or very naive.

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avatar 312 Anonymous

Call me what you will I’m an adult whos Responsible for my financial life. I overdrawn my account once when I was a teenager, I quickly learned on how to avoid it in the future. If this is a pattern for you keep going under. Yes don’t bank.

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avatar 313 Anonymous

I had a recurring debit that went through on the wrong date, which caused a total of $385 in fees after fighting with BofA and the other company over whose fault it was. That wasn’t my fault in the least. If they hadn’t ordered the debits the way they did, I think I would have had only one $35 fee, also not my fault. I’m not saying people don’t need to pay for overdrafts, but ordering debits that way is far from ethical.

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avatar 314 Anonymous

John, you have obviously never lived from paycheck to paycheck. Sometimes you need food or diapers for the kids and it just can not wait until you get paid so you are left with no choice.

There has also been one instance with me when I was about 18, I returned a $70 pair of headphones to Radio Shack and did not realize the money would not post immediately back on my account. (I was new to debit cards.) I received over $200 on od fee’s, but when my statement came in the mail it showed the money returned on the correct date and my transactions after only brought my account down to $0.02 then the fees showed up and over drew my account. Any other bank would have returned these fees, but I fought with the local branch with no success.

I would also like to add that I have had an account with Wood Forrest, where I did knowingly over draw my account and had to bite the $300 in fees plus extended fees. I later closed the account because I moved to an area with no branches close by. We have one now, so my wife went there to open her own account (not joint) and one week later I got a letter to me from wf and inside was a $450 check with a letter saying that I had received excessive od fees on an old account.

I have to be honest, I have only kept my account ay BofA for so long because I have always had a feeling something like this would happen and I wanted to make sure I was around for it. In my opinion any bank should deduct funds in the order that you use them on a debit card anyway. I don’t even have checks anymore, but I understand how that wouldn’t be as easy unless everyone wrote the time on their checks.

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avatar 315 Anonymous

i totally agree and can relate to this comment. as i stated in previous post, i was sent to jail due to their practice because my monies was manipulated in such a way that when my license was ran it appeared it was suspended. the charges were dropped because it later was found this was a mistake on the officer’s part. i have had continuous monies extracted for fee of overdraft. and have watch my account dwindle to nothing. but as always we as people will get the short end of the stick.they will never be able or be willing to give back the missed opportunities and disappointment caused by their most underhanded deeds.

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avatar 316 Anonymous

I think banks have gotten away with trillions of peoples money and need to put in solitary confinement

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avatar 317 Anonymous

I went out of town one weekend and performed a show. I used my card all weekend. I did not go over my amount on my debit card. I checked my account on Monday and all those drafts were sitting in pending. I called the Bank and asked why arent those paid. I got some nonsense about they would be paid after 2 p.m. After 2 I called and they said midnight. So Tuesday morning, I have a bill come in and they paid that first, one debit from Friday, and one from Sunday and then bounced 17 debits I made, some of them I made the previous Friday. I was only 9 dollars short on the transaction that posted Tuesday and I ended up paying $595.00 overdraft fees. Yes it was my fault for not properly keeping track of my account but I demanded to know why they would not post the debits from last week first instead of choosing which to bounce. I have got different answers from them. I am glad that they will pay some back, but there are some punitive damages as well. With that $595.00 gone, I couldn’t pay some other bills that caused stress and other late payments. I am glad that this is illegal now and BofA are working on new ways to screw us.

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avatar 318 Anonymous

Corey over the weekend transactions don’t post until Tuesday or Wednesday banks have to wait until final authorization from the merchant it’s been like this since banks started. No matter which debit comes out first, small to large or vice versa we should take the responsibility of having the funds available.

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avatar 319 Anonymous

I’d just like to say that I am glad that someone finally stood up to the bank boss bullies. I am a veteran collecting service connected disability, (once a month check), and I would have to estimate last year I paid well over $2,000 in overdraft fees to the B of A. When I heard about this lawsuit I thought great now maybe they’ll stop, and they did, for awhile. Then just a couple weeks ago I get a statement in the mail from them saying guess what, $105 electronic withdrawal putting my like $10 overdrawn, then as regular as clockwork right behind it $5 and $4.95 all with overdraft penalties added on. So I guess the way they see it, they paid the suit so now they can do what they want again. I knew it was too good to be true. No class action check in my account, and no change in corporation policy. Seems to be the theme for government these days to put it to the military, and retired military. Don’t we have rights too.

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avatar 320 Anonymous

PS I received the letter was some follow up thing I missed, because the letter said only respond if I wish to have myself excluded.

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avatar 321 Anonymous

They owe me $5500.00 in overdraft fees. I want my money and I want nothing more to do with BOA.

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avatar 322 Anonymous

i agree Rebekah…GIVE ME MY MONEY!!!!!!!!

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avatar 323 Anonymous

That’s about what they owe me too. Not to mention my husband also had an account with them so who knows how much they owe him.

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avatar 324 Anonymous

The od fees is all your own fault the banks are just a bank made for profit don’t spend money you don’t have

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avatar 325 Anonymous

nobody is complaining about the 35$ fee to overdraw, just the way they rearrange the transactions to make you overdraw several times. That kind of going to get a loan, then after you sign the bank says ‘hey, lets go ahead and loan them this much instead and charge more interest.”

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avatar 326 Anonymous

I signed up w/bofa in Georgia back in 2002. I then relocated to Illinois in 2005 stayed with them and now live in WA State. I moved here to WA in 2008 and by that time BofA has taken many many dollars from me with this scheme. When I lived in Chicago I remember being on the phone with them complaining about this and I did actually get refunded about $200 then. After my move here they continued with their crap and included a new one, where they tried to screw me out of my paycheck from a local bank here. My employers (the local bank), had to bite to costs. I then left BofA and starting banking with my employers the local bank here. I haven’t gotten any notice but did check the hot line telephone number and they have my last known active address on file through cross reference of my telephone number. They better contact me and I will not be happy with anything less than $5k

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avatar 327 Anonymous

ITS MY MONEY AND I NEED IT NOW, I AM SERIOUS.

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avatar 328 Anonymous

Call J.G. Wentworth, 877-CASHNOW. I have that song stuck in my head now..

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avatar 329 Anonymous

Money should be removed in the order you spend it. That is accounting 101–balancing your checkbook! I can guarantee that if you do that, your ending balance and bank of america ending balance will be different! I could never figure out why I had so many withdrawal fees. I am like everyone else….I want my money back that was removed by unlawful practice. You can gaurantee they would come after you and ruin your credit for their money!

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avatar 330 Anonymous

I definitely can’t speak for anyone else but, $98 or $1 is better than no $$$$$$ as long as they give me something back…those business suit crooks!!!!!!

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avatar 331 Anonymous

Definitely! For everyone thinking they deserve the thousands they’ve spent in overdraft fees, you’re just as greedy as BofA. You’re not entitled to ALL that money b/c in reality, you still overdrew regardless of how the purchases were in order. But yeah-I’ll be happy with any amount of money I get back!

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avatar 332 Anonymous

Well good for you, Nicolette, I hope you will be very happy with whatever you get. Obviously some of your ODF’s were your fault. Mine too…some of them. When they’re my fault, I expect to pay for it. It’s my belief and I bet I’m not alone here that there are plenty of people who were erroneously charged due to shady banking practices and have been hurt greatly. It’s taken it’s toll on many, many people in ways that you’re lucky enough not to have experienced. The sheer volume of people who have been effected by these shady banking practices and the settlement of $413 million should be proof enough of how wrong this system has been. Yes, it does seem like a lot of $$’s to us but I suspect it’s merely “Now shut up and keep banking” token-money for BofA. Yawwwwwn, a slight sting and inconvenience for this Banking Mega-monster”.

Accdg. to John’s comments & perhaps you agree with him, the bank is in business to make a profit (this is definitely true and accepted) but not if it’s done illegally and certainly not on my and my families’ back!

Most of these people are hard-working people who believed the bank was a place they could trust their money with. BofA has been a “shape-shifter” of sorts changing it’s policies (i.e., the hours for transferring cash online; changing hours for accepting transfers of cold cash from ATM deposits, etc.) Why is it okay for BofA to have round-the-clock processing of charges, possibly causing fees however, our hands are tied by BofA’s ever changing clock, making online transfers a big guessing game.

Nicolette, I am leaning towards opting out of this lawsuit and going after them on my own. Am I as greedy as BofA? I am merely one person who, in the past, made some banking errors and admittedly, not always as diligent about keeping my ledger as I am today but no, I am not a greedy person. I am honest, ethical and am infuriated with how BofA has conducted it’s practices over the years.

In a court of law when asked under oath to provide data and/or facts that occurred; if you were caught knowingly tampering with these facts what would happen?

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avatar 333 Anonymous

There is a formula calculated that will tell you what you’re getting back. It sounds like you have a lot of time on your hands to go pay for a lawyer on your own dime. I’m sorry but if you paid thousands of dollars in overdraft fees and STILL stayed with BofA, you got duped. I probably hit about 20 or 25 overdraft fees until I said, “Yeah, I’m out.” With USAA (a military bank), I’ve hit overdraft fees once or twice a year. Legit.

How do you know most of these people are hard-working people? Raking up thousands of dollars in OD fees signifies irresponsibility. Not saying they were making a lot of money but there were obviously no signs of logic in switching banks when approaching fees in the four figures. Certain circumstances I could understand like medical issues. THAT I could understand.

But tell me. Do you honestly expect to get back all your overdraft fees? If that’s what you’re fighting for, you won’t get it. Plain and simple. They’ll probably give you a smidgen above what you’ll get in the class lawsuit. I just have more important things to do rather. But hey, go right ahead! If you want to call me ignorant, have a blast; but ignorance is bliss. And I’ll just sit back and wait for my check to come in.

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avatar 334 Anonymous

The business about placing debits in “batches” is a total and complete lie. Go to the gas station and fill up, then go check you account online. There’s the transaction, not 10 minutes later. Then go to the grocery store and see what happens. If they’re accepting them in batches, they wouldn’t show up in real time. They change the order as they come in. Get wise.

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avatar 335 Anonymous

Paula if you go online you will see the transaction up to date it’s almost immediate, but whatever. I personally don’t see how you people complain about the fees caused by your miscalculations and you know how banks systems work, and still bank with those banks. It doesn’t make sence to even have a bank account if your always overdrawn. It’s always easier to point a finger at something else right?

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avatar 336 Anonymous

John your an idiot. First of all read the article. Then you would know that BofA has been purposely processing transactions in an order that guarenteed more overdraft fees. If you can’t see how this is a swindling business practice then you are as I said an idiot.

Say I have 800 bucks in my account and theres 3 transactions going through that day one for 740 another for 75 and another for 2 dollars. With the way they were doing things they take 740 your down to 60, then 75 your down to -15 minus another 35 so -50, then the 2 dollar transaction and your overdrawn 87 dollars.

Transactions should be processed in the order that they were charged to the account not based on the amount.

If that doesn’t make sense to you once again your an idiot.

Anyone know how to contact this law office?

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avatar 337 Anonymous

John, no once has I said, “I did not overdraft my account.” I was responsible, and irresponsible for each and everyone of my transactions that I made. Yes, I was pissed, but I knew at the same time that I caused it. But when I should have paid $35.00 for one overdraft, I ended up paying a lot more, and that was wrong. I should not have all of my debits re-organized in a way to mazimize overdraft fees on charge me for debits that I made when fund were available.

I am not going to lie, I have knowingly made transactions and figured $35.00 was worth it at the moment. But nonetheless, the government has deemed this illegal and it’s no longer being practiced today.

But thanks for the lecture sir. I am much more responsible after reading your post. Your wisdom is truly a gift to mankind.

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avatar 338 Anonymous

You want to hear something funny? I’ve had BofA bank mgrs suggest to me, rather than using the bankcard for all the little purchases/svcs and chancing multiple overdraft fees, to take $300 cash out of the ATM and use that for the day. You’d only be charged one ODF! (I wonder if they’re still BofA employees.)

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avatar 339 Anonymous

That actually wasn’t a bad suggestion. Many financial advisors suggest you withdraw cash and put it in an envelope for that month’s “play” money.

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avatar 340 Anonymous

Allen to me when I make a purchase depending on a merchant it might come out in a different order anyway.. Some merchants don’t batch for days, I say that because I’m a business owner and I don’t run to the bank every day to deposit the funds..so my point is regardless how the debits come out or weather you forgot that you have auto pays coming out.. Blame your broke ass for your own mistakes.. And make sure next time you call people am idiot check your pocket, they probably got holes in them from all them odd fees you ” deserve” to get back

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avatar 341 Anonymous

I have a question for you, John, if I may. When someone makes a purchase with cash in your store, it’s immediate…they get to go home w/the mdse.; you get the wampum. If someone else makes a purchase for that same item using their BofA bankcard, I bet you’d ask, “Will that payment be debit or credit?” [Used to be, if card used as credit, the charge wouldn’t show right away…could be days before it showed up on the account. If used as a debit card it would be deducted from that consumer’s acct. that day.] Today, if I shop at Johnstore, find something to buy, bring it to John to purchase, open my wallet and look at my BofA card….it’s already posted online banking as “P” (processing) vs. “C” (cleared). John, you haven’t even bagged the item yet! wait a minute….JOHN YOU HAVEN’T MADE ANY BANK DEPOSITS YET! …merely swiping my card (credit, debit, you say tomayto, I say tomahto….it don’t matter!) it gets deducted from your “Available Balance History” Now say the cash-carrying customer returns item purchased; do you make that customer wait a few days? Cash was paid, mdse returned, you give cash back..adios. Now, I come back to return item for a full refund. I swipe the same BofA card through the same device I swiped it through when purchasing. What happened to this moment in history, John? Why isn’t it showing up as a credit on my acct? Accdg. to the bank, “WE’RE WAITING FOR THE MERCHANT TO PUT IT THROUGH.” “It could take several days before the merchant (gets off his butt) puts through his credits. Tell me John, is this true?

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avatar 342 Anonymous

I complained over 4 years ago regarding this practice, the people that have written their comments are missing the point of this con garme. B of A plays this game very well they do not like to lose money therefore they will find some way to charge their customers higher fees to make up for all the money they have to settle these claims for. More importantly it does not matter whom they will charge or how much they will charge because they well pass it on to their customers and everybody else they can squeeze a buck out of. The people (customers) have been taken to the cleaners not only for overdraft fees improperly charged but they also have been victims of Mortgage fraud, improper Securitization of a Mortgage loan, and selling MBS (Mortgage Backed Securities) and misrepresenting the quality of these Securities. Wake-up people (America) Padora’s Box has just been opened!

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avatar 343 Anonymous

My husband and I received the a postcard in the mail regarding the overdraft lawsuit against Bank of America. Upon receiving it we decided to review our bank statement as far back as we could, we ordered our statement from BofA for the last 7 years, upon reviewing the statements we discovered that over the last 7 years BofA has charged us over $7500 in overdraft fees. Since my husband has had this account for over 24 years (long before it was a BofA) that the amount they have charged us over the last 10 years (which is the length of time that the lawsuit is covering) is presumably much higher. We assume some responsibility for some of the overdrafts but we do not believe that we would have intentionally overdrafted to that extent. After reviewing the website that the postcard directed us to we quickly did the math ($410 million- 30%- another 5 to14%- $160,000 for the “class representatives” leaves a maximum of $266,340,000 {thats using the minimum 5% deduction for charity vs. the 145} divided by 10 million customers) and realized that the max anyone would receive (aside from the class representatives) would be an average of $26. Considering that BofA has earned billions with their rearranging transaction scheme this miserly $26 nowhere near covers the amount of money BofA has taken from us (not to mention the other customers). So after a long discussion with my husband we decided to opt out of the lawsuit and sue the bank on our own. However, our issue has been finding a lawyer that will represent us alone, most of the attorneys we have spoken to said that would be interested in representing us but only if we had a small group (10-20 other people) who were willing to opt out and fight with us… so that leads me to the questions, is anyone else considering doing the same? If so, have you successfully found a lawyer to represent you? If you have already found a lawyer would you be kind enough to let me know who he/she is? And if you are a lawyer and are interested in possibly representing us (and others that may respond to this posting) would you please let me know how to contact you.

Thanks a bunch.

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avatar 344 Anonymous

T. Bec, I’m no lawyer and as of this moment, I have not engaged one. I had strong intentions of taking BofA to small claims court, hoping to recoup some of my ODF’s from the past two years. However, after receiving this postcard and learning about the terms of this settlement and how far back BofA has agreed to go (from 2000 or 01?)….I’m re-thinking my strategy.

I, too, have paperwork…got it cross-referened for comparison…cross-referenced using BofA’s online tools, their different screens or “snapshots of my acct” as one BofA mgr. put it.
Yep, I’m letting this train go….I’d rather wait for the next one.

Let me know how and if you want to proceed. – D

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avatar 345 Anonymous

Check them out and let me know what you think:

http://www.martinandjones.com/site/index.php

If you’re seriously thinking of doing this, let me know here and we can off-line

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avatar 346 Anonymous

Dena,
I checked out the website for Martin and Jones, I will call them on Tuesday (since tomorrow is Labor Day) and see if they are interested in assisting us in our fight, it might be helpful if you (and anyone else who wishes to join us) call them as well that way they can see that there is more people interested in fighting than just us. I look forward to letting you know what they have to say (and since I’m in Georgia, I’ll call the Atlanta office).

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avatar 347 Anonymous

Oh and thanks for the lead Dena… I really appreciate it!

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avatar 348 Anonymous

Dena,
I spoke with the office for Martin and Jones, the did an intake (small questionaire) and said someone should contact us by the end of the week…. I will let you know what is said when I hear back from them… I also pointed them towards this website so they may get in touch with you and others on here that wish to be contacted

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avatar 349 Anonymous

So what would these lawyers do? I never received the post card, but everyone else in my family has. I dont know if Im excluded because mine is a business account.

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avatar 350 Anonymous

Laura to answer your question, these lawyers are considering representing those of us who believe that the current proposed settlement is unfair and are wishing to opt out of the class action suit and persue our own lawsuits. Now regarding you not receiving a postcard, and if your account was excluded. According to the website for the settlement it states that a class member is anyone who:

■Had a Bank of America consumer checking and/or savings account that you could access with a Bank of America debit card, at anytime between January 1, 2001 and May 24, 2011, and
■Were charged one or more overdraft fees as a result of Bank of America’s practice of posting debit card transactions from highest to lowest dollar amount.

The fact that it states that the account had to be a consumer account leads me to believe that your account is excluded because it is a business account. However, I could be wrong. The best advice I can give regarding finding out if it is excluded is to call the number from the website, for the Settlement Administrator (1-800-372-2390)… good luck!

avatar 351 Anonymous

Yes it’s true!!! It’s mostly the merchants fault, but legally we have 3 days to keep it in the pending status, and then we release the final authorization. So why would I blame a financial institution?

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avatar 352 Anonymous

I have had the experience of being charged (or a notation that a fee might be assessed) on a transaction showing online as “P”! If that wasn’t followed closely (and sometimes life makes it difficult to follow-up) that ODF never got taken off even though money was put in to cover it.
I had many telephone calls w/BofA’s “customer no-service” (nod to Clark Howard) and sometimes the charge was taken off. I would have to hear that, “This will be the very last time we will be taking off your fee.”

Many is the time I considered switching banks. Unfortunately, being that my family all have accts w/BofA, having online access w/all the accts tied together made it very convenient. They are huge, they’re everywhere — that’s a convenience too. There are other reasons I stayed w/BofA and one of the biggest reasons is that I was waiting for this day to come and I wanted to be part of it….front row, center! (I paid greatly for this seat and now I’m waiting for the big show….this is merely the first act….)

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avatar 353 Anonymous

John, you’re a BofA employee or on their legal team….now I’m sure of it!

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avatar 354 Anonymous

@Dena

I agree with you 100%. All John is is a Troll on this site to inflammatory remarks to anger people. He is absolutely on BOA’s payroll in one way or another. If he’s so PERFECT with his finances and has no reason to be in this lawsuite, then he has no reason to be on this site. All he’s trying to do is incite anger in people and it’s apparently working. I would’ve responded to him myself because I have a few choice words for the scum bag myself but I know the moderators won’t post them. He’s a jerk and I don’t care what he says, he’s screwed up his account more than once, no matter what he says here. He needs to crawl back into his little hole where he came from. He seems to think that everyone is perfect and also seems to forget the state that this country is in at this moment. It’s not only overdraft fees that they’ve practiced shady business practices in but mortgages as well. Everyone is having a hard time right now but I guess “MR PERFECT” is infallable. And I would guarantee that he is benefiting from all this money BOA is making off of people. Everyone knows that the way they post their transactions is a dirty practice. My brother and I have been complaining about this since 2006. I’m just glad that people finally did something about it. And I’m sorry….but millions of people (vs his little pittiful self) can’t be wrong! If BOA was on the up and up, none of this would be happening at all. So screw him and his holier than thou attitude and just ignore him because all we do by arguing with him is playing right into his little game.
Good luck with your settlement. Take care!!!

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avatar 355 Anonymous

Lets be realistic here lets follow the information provide…… If you only have in your account a total avalible balance of $900.00 Why would you do a total of $1,129 …… knowing that you are borrowing from the bank

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avatar 356 Anonymous

Ok,, My question. I didnt receive the lawsuit info..But everyone else in my family did. I am the sole person on my account. How do I sign up?

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avatar 357 Anonymous

I received a card in the mail but have mis-placed it how do I get another?

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avatar 358 Anonymous

I just wanted to know how will this work. ok they are settling 4.10 million but how will we know exactly how much we will get. I know i got charged a lot of over drafts fees it was ridiculous.

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avatar 359 Anonymous

It’s actually $410 Million. Four Hundred and ten million dollars.

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avatar 360 Anonymous

ok so when will we know how much we will be receiving

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avatar 361 Anonymous

About 2 years ago I went to the bank and asked why am I being charged overdraft fees. Why can’t my card just decline me at the store or coffee shop? She said that the bank did not want me to feel embarrassed. So instead of declining me at some random store, my bank would rather steal from me, then have me come into my local neighborhood branch a poorer man… a defeated second tiered “customer”. Well let me just say that it is much more embarrassing to have your bank treat you differently because you have less money. Think of all the people in all of the shops that were being “$pared embarra$$ment”. Shame on the entire industry on not just this but also for the lost decade.

Shameful, Scandalous, Sick to my stomach.
Sincerely,
Your Paycheck to Paycheck unvalued second-tier customer/victim

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avatar 362 Anonymous

I know. I would’ve rather gotten declined than get charged overdraft fees!

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avatar 363 Anonymous

I too have been wondering the same thing. I’m no longer a customer of the bank but I too had an account with them for a long, long time and was a victim.

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avatar 364 Anonymous

No dena I’m no employee, I’m not a fan of banks at all but it’s not their fault you can’t manage ur own money.. Bottom line is no money don’t buy.. No money don’t buy!!!! Get it?? Good

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avatar 365 Anonymous

I agree 100%, I mean I’ve overdrafted my account before but I don’t how it’s the bank’s fault that I didn’t pay attention. And I definitely don’t see how allowing your mortgage payment bouce makes more sense. Who cares which transactions go through first. Also, I hope everyone realizes that bank of america has to pay for this somehow, so expect some fees in the future.

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avatar 366 Anonymous

If you had actually read anything about this first before posting you would realize that it does matter what order these transactions are taking place. The transactions should be ordered by the date and time of the transaction. To change this order so you can charge more than one overdraft fee is ludicrous.

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avatar 367 Anonymous

I did read the information and they weren’t rearranging transactions to charge more fees, it was so that important bills get paid.

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avatar 368 Anonymous

You missed the point. Yes it is the person’s responsibility to pay their bills and not bounce checks but the bank took that role away from the consumer and mulitplied fees to benefit themselves. I asked could they bounce the payment they said yes and then still did it.

avatar 369 Anonymous

Actually YES they were, have you read anything at all?

avatar 370 Anonymous

Ok so even if everyone else here here is right and boa should have been punished due to the fees implemented because WE overdrafted OUR accounts, please tell me why it makes more sense to accept the few dollars we may get and yes it won’t be much, instead of just closing the account. If people want a card that rejects when the $ isn’t there, get a prepaid debit card. The only thing this lawsuit has done is made the lawyers rich and maybe the people who started it. These class action lawsuits are the same, the more people who are involved, the less each person gets. Its the same as cases we see on tv, no one actually gets rich but the lawyers. Not to mention boa still reaarranges transactions, I now just check my balance before I swipe my card .

avatar 371 Anonymous

No one manages their own acct at a bank. If you knew the truth of so many ways they can trick you and knit pic your acct with little fees… until they capture the bigger ones, like overdraft fees, neg balance fees, maintenance fees, allowing your bigger checks to cash before your smaller ones… no one escapes that one. So now do you get it?

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avatar 372 Anonymous

United we stand cause people have the power if they stay together.

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avatar 373 Anonymous

This is a stupid comment. I was the manager of the account and BOA continued began with the reverse scam on my account back in 2005. They had the nerve to absorb child support money by holding back the checks and did the reversal. When I received my child support deposit they sucked it all up. I was left with no groceries for weeks. This is only one of the many sneaky acts. Once they held on to a direct deposit in 2008 to accumulate the charges of overdrafts on incoming charges. They get what they deserve.

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avatar 374 Anonymous

Mark, you can go to the website http://www.bofaoverdraftsettlement.com to get any information… and John, I suppose you in your superiority have never ever made a slight miscalculation such as forgetting to put a transaction in your check register nor (and I am assuming this) have you ever had a spouse in the military who while on tour of duty uses his debit card (to our joint account) and forget to tell you so you can put it in and make sure the account balances?! So John I apologize if I (and many many others like me) are not as high and mighty as you are… and our small mistakes still DO NOT give the bank the right to hold transaction as long as they wish nor does it give them the right to rearrange transactions so that they can benefit from our mistakes!

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avatar 375 Anonymous

I can only imagine how little the settlement will be compared to the hundreds and hundreds of dollars they stole from me!

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avatar 376 Anonymous

Let’s see- 20.00, 30.00, 40.00 maybe?? Hmmmm…. it does make one wonder considering how adept they are at taking from public instead of living up to their ads about how good they are to us all

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avatar 377 Anonymous

Does anyone know when we might be credited back these funds? Thanks.

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avatar 378 Anonymous

Pamela,
The judge will decide the outcome, for or against, on 11/07/2011.

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avatar 379 Anonymous

If we received the post card in the mail, are we automatically apart of the law suit, or is there more we have to do?

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avatar 380 Anonymous

You’re automatically involved. If you don’t want to partake, you need to opt out by Oct. 3rd.

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avatar 381 Anonymous

Since I have moved recently, do I need to inform someone of my new mailing address in order to receive my portion of the settlement? If so who do I notify?

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avatar 382 Anonymous

I have the same problem. I moved as well and want to make sure they have my correct address. But the postcard came to my current address so I think it may be ok. Did you get your postcard at your old address or your current address?

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avatar 383 Anonymous

Say I received post card.but when we get or cash back

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avatar 384 Anonymous

Do you want to hang it on your wall or something? You don’t need the postcard. Go to this website and it states exactly what was on your postcard.

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avatar 385 Anonymous

I just thought the overfees for some customers with a direct deposit is ridiculous especially with another late fee ($35.00) five days later after the first ($35.00) for failing to make a deposit in your account when you only get paid once a month. B of A double wammy your account. Too many validations internally…Like the first of year..the account show a balance available. I still got charge overdraft fees 4 or 5 times because the 3rd of the month was on a holiday Monday ( 01/03/2011) and banks didn’t generate until Tuesday. It wrong when your account on the internet shows a balance the interior party at the banks know you and just stick to your banking accounts. I’ve been charge over $235 dollars in late fees before.

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avatar 386 Anonymous

Jerome W,
I absolutely am with you on the direct deposit issues. I also have been charged $35 over & over again when I have automatic bill pay set up. I cant help how fast the tellers input my info or when my direct deposit is electronically noted. It’s a ridiculous fee that’s in place for the small fries to get FRIED! I cant wait until BOA gives me back my money from the lawsuit. Their fees & charges are just another avenue which a corporation scams & leaches onto others for personal profit.

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avatar 387 Anonymous

I received a post card in the mail and have misplaced it, how do I go about getting another one?

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avatar 388 Anonymous

Call the bank and tell them you lost it, they should send you another.

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avatar 389 Anonymous

I have had this happen many times, my question is when it was happening to my account extremely i had a different account number but due to circum…. had that account closed and a new account opened up so will they check for the old account when it comes to this matter or who do i contact to make sure it is noticed?

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avatar 390 Anonymous

How do I join this lawsuit? I am going through hell with BofA and my name black balled through Chexsystem. They started charging overdraft fees despite me having a positive balance. The original person I spoke with tried to correct it and took off the first 4 that posted to my account. But, day after day 4 (the max they can charge daily,) kept posting to my account. She said they could not fix it at their branch and said she would get back to me. Anyway, down the road I get a letter saying it was sent to collections. I dispute it, but no proof is shown that I owe this. I am directed to the branch, they say give them 2 weeks, and then 2 weeks later I get a call (today,) saying it was declined (trying to get it corrected and the $400+ fees owed taken off!) I ask why, and he tells me because it was sent to a 3rd party collection agency sometime within the 2 weeks they were investigating it to validate the debt (I personally think they knew they had not proof and now refuse to admit to it!) They cannot show me proof that they were valid and should have generated in the first place. I on the other hand have a print out showing my ending balance of the day was positive which they are saying is the day that caused the overdraft fees. How in the world can I get overdraft fees when I have a positive balance? It was in fact the 4th ($35,) overdraft fee that actually caused my account to go into the negative!

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avatar 391 Anonymous

It is not just the order of the transactions from highest to lowest. It is also that they would hold certain transactions in processing until larger ones cleared. It is very manipulative. They did their homework on how to rack up charges.

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avatar 392 Anonymous

I just wanted to let you’ll know that you’ll spell my name wrong it is not Jilly Fain.My name is spell Julie Fain. Thanks

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avatar 393 Anonymous

THEY HAVE CHARGED ME SEVERAL OVERDRAFTS ON TOP OF OVERDRAFTS, THEY WOULD CHARGE ME ON THE WEEKENS EVEN THOUGH THEY WERE CLOSED . WHEN I FIRST STARTED WITH THEM THEY SAID YOU COULD OVERDRAW YOUR ACCOUNT AND THEY WOULD’NT CHARGE ME AS LONG AS I GOT THE MONEY IN BY 8 PM .WELL THEY OVER DRAFTED ME. ONE TIME THEY OVERDRAFTED FIVE TIMES THAT WENT ON FOR THREE WEEKS.EVERY TIME I CALLED THEM TO FIND OUT WHY I WAS OVERDRATED,THEY GAVE ME A DIFFERENT ANSWER EVERY TIME. THE ONLY REASON IM STAYING WITH THEM IS TO GET MY MONEY BACK. I NEW SOMEDAY SOMEONE WOULD CATCH UP WITH THEM.

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avatar 394 Anonymous

Nothing that BOA does surprizes me anymore than sucking ones hard earned money into their pockets. BOA picked up our mortgage after the previous lender went under and h ave done a successful job at screwing us over with late charges and double dipping our mortgage payment for ogetting cne month! My husband called them to let them we would be late on our house payment after I was laid off from my job and wasn’t able to collect unemployment which is another story in itself! Depending on who he talked to he got two differant quotes as to how much we owed in late fees. So they took out from our checking account twice in one month and charged us late fees on top of that before the house payment was going to be late? How does that work? I don’t want to hear from the people who make statements on this sight that if we watched our spending we wouldn’t be getting charged late fees. Until you walked in someone elses shoes you have no idea what is the truth! As far as the lawsuit goes I hope they get another lawsuit filded against them for their mortgage practices! I’m looking into that one! They are suppose to work with us not against us!!!

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avatar 395 Anonymous

I know exactly what you mean about this sneaky bank. And I can’t believe they received a bailout. I am sick of people saying to watch what you spend. I am hear to tell you that i watch tranactions like a hawk on online banking only to witness them stealing me to the point where i didn’t have money for food or groceries because they knew when deposits came it and they were really to hold on to them. Especially the bank in Florida. People don’t know until they have been abused by this bank. I was taken back when it was happing to me. I complained many times only to have them laugh at me on the phone and say”it is legal for us to reverse charges”

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avatar 396 Anonymous

excuse my typing in previous writings…i need to preproof my typing before submitting my bad.

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avatar 397 Anonymous

We received our card some months ago, and I believe that I responded fairly quickly, though I can’t recall. How do my husband & I check to see if our response was received, and if it wasn’t, how do we resubmit our information?

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avatar 398 Anonymous

Not sure why I’m sharing this with y’all…but either I’m paranoid or BofA is really starting to play some very heavy games. I’m still shaking w/anger and complete disbelief….this is my online chat w/customer service just moments ago. It probably won’t make any sense to you but I wanted someone out there to see it and have it. They’re back to pulling their old stunts again. Whomever was looking over their shoulder is not there now and they’re out for it. They are not allowed to charge fees on items that are in “p” (processing)….I’m getting my money out of there and suing their asses off!

Chat InformationWelcome to an online chat session at Bank of America. Please hold while we connect you to the next available Bank of America Online Banking Specialist. Your chat may be monitored and recorded for quality purposes. Your current wait time is approximately 0 minutes. Thank you for your patience.
Chat InformationThank you for choosing Bank of America. You are now being connected to a Bank of America Online Banking Specialist.
Janina: Hello. Thank you for being a valued Bank of America customer. My name is Janina. How may I assist you with your personal checking and savings accounts today?
Janina: We have not heard from you. Do you wish to continue the chat?
You: Janice, for some reason when i go to print out my acct activity it is no longer printing out entirely on my paper. The font size has been made so big that it does not fit. now, it just so happens that when i logged out of my acct. (or shall i say you guys enededand tried to figure it all out…and i was logged
Janina: Thank you for your patience, I will be right with you.
Janina: I’m unclear on the details of the situation. May I ask you to describe the situation so that I may better assist you.
You: ended my session) i started looking into things on my end. I then went back to BofA and miraculously without having to put in any of my “secret code” or favorite ice cream flavor…was able to get into my acct. very scary. the other very interesting thing is that when i started to print out my info again….the BIG FONT PICTURE CAME UP AND THEN (LIKE MAGIC) WENT BACK TO THE REGULAR BOFA FONT SIZE WE ALL KNOW AND LOVE. I DON’T KNOW WHAT’S GOING ON EXCEPT I WILL TELL YOU I AM GETTING FED UP WITH BOFA….
You: I MAY BE ONE PERSON BUT I SWEAR I GOT A BIG ROAR.
Janina: I sincerely apologize for the inconvenience.
Janina: I will try my best to get you assisted on this.
Janina: To begin with, may I have your complete name and the last four digits of the account number as it appears on the Bank Statement?
You: I WILL BE AT THAT SETTLEMENT HEARING AND BRING MY ATTY AND ACCT AND THE PRESS…..I GOT YOU GUYS. I HAVE PRINTOUTS DATING WAY BACK THAT CLEARLY SHOW ALL THE INCONSISTENCIES AND GAMES…
Janina: My sincerest apologies for the inconvinience.
You: YOU CAN LET YOUR SUPERIORS KNOW THAT I AM OUT FOR BLOOD….STARTING TODAY….
You: WITH ALL MY LOVE, DENA ROSENBERG
Last text message receivedJanina: I can definitely have this chat connected to our manager.

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avatar 399 Anonymous

I am suggesting that everyone IGNORE any post made by john. You can see and read that he is a complete insensitive jerk! Jumping on the suing wagon…how ludicrous…only a handful of people contacted a lawyer…others were drawn in as with any other class action lawsuit you were contacted. The only people who will benefit will be the lawyers…others are just glad BoA was found out. No matter how large is small the settlements there will be a sense of vindication…Get a life john! Maybe we should look into how to get someone’s comments censored…johns comments are demeaning and degrading…It’s really uncalled for to say some of the things he does…he’s just a lonely d man that has nothing better to do than cause havoc and make people as miserable as he obviously is.

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avatar 400 Anonymous

This is pathetic! Look at all of you trying to jump on the “suing Wagon” for all of your mistakes. This disgusts me. Overdrawing your own accounts which is your faults, blaming the bank for improper order organizing. Which who cares what order it came out you still didn’t have money to cover it. Banks are for profits!!!! Just remember who gave you your mortgage loan.. And don’t try to blame them for not paying it on time either.. For all of you blaming the economy, and living paycheck to paycheck and bla bla, we all been there, we chose the life we live, decisions we make.. Close your bank account, go to another bank and watch the same thing happen again.. Maybe finally you will realize that’s it’s not the bank but you!!!

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avatar 401 Anonymous

Sometimes people that knows you, account stalks you inside the employment terms within the banking structured systems unfairly. How can I have positive balance and get charge overdraft fees?? Tell me what going on…like on bank system apps said you got 1k or more in balance. some people with direct deposit from a federal banking deposit don’t suppose to charge overdraft fees period….it a line of credit dawn near..!!

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avatar 402 Anonymous

YES! YES! YES! JOHN WE ADMIT WE MESSED UP!

(on bended knee, everyone bow with me)

Please forgive us, O ye perfect, mistake free, self -help propaganda slinging, wise tough love spouting, wealthy one. We promise to take our settlements and toss them into the ocean to protest any wares gained on our lack of personal responsiblity!

(my hand on my chest)
Oh, if I could just lay in your bossom and learn thy ways, I would be a better, more fiscally responsible man. I would follow you from internet forum to internet forum to spew our personal feelings to people who could care less about what we think or feel, and we can mock them for discussing illegal banking policies on a web site set up to discuss illegal banking policies! We can laugh at thier personal stories of tragedy and hard times without a trace of sympathy or empathy…Oh, how liberating it must be to be feelingless!

And because any settlement that anyone receives is not going to affect you in any possible way, you still take some of your precious time to educate them even when they call you ignorant and label you an asshole. I don’t know what they call you in the real world…but on the internet, where no one knows you, and don’t give a crap about your opinion, I call you heartless, and I want to know how can I be down? Do you have a website?

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avatar 403 Anonymous

John, it sounds to me that you have been blessed with disposable income, otherwise why would our triflings, as your opinion of us seems to infer,get your ire up? We have two children just out of college, one going next year and two more who will be on their way much sooner than we care to think of. If God has blessed you with so much that you feel qualified to pass judgement on those of us who seem to have been blessed with humility and respect for humanity, a blessing I view as one MUCH larger, and worth more than any EXTRA cash that has been bestowed to you. Please do all of us a favor and from now on keep your opinions to yourself, or at least off this forum!

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avatar 404 lynn
avatar 405 Anonymous

John, I’m less interested in the “suing Wagon” and more interested in exposing the fraudulent
business practices of this bank. Sometimes in life you gotta do what you gotta do and when you know in your gut that someone’s been robbing the poor….which is exactly what BofA has been doing for a long time…it’s time to step forward. I’ve known for a long time I was going to do this before any “wagons” left the station. Whatever happens I will not rest until BofA pays for all the damage they’ve caused to many, many human beings. Want to know why? Because I can…

I don’t work (outside the home)…I’m a stay-at-home mom that eats bon-bons all day, watches all the soaps I can get my hands on – pun intended – and shop online and spend more money than I know what to do with. And then, you know what Johnny-boy? I come to this BofA bitch-thread and get all my itsy-bitsy petty complaints out.

You think it’s disgusting, J.J.? I’ve got nothing to hide and while you may see it as a lack of pride that will enable me to move forward; I’m spurred on by the knowledge that this megamonsterbank did us wrong. I’M MAD AS HELL AND I’M NOT GOING TO TAKE IT ANYMORE!!
Hear that, you SOB’s at BofA — (don’t be surprised if you hear I’m in jail.) I’m anticipating it!

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avatar 406 Anonymous

Ordinarily, I am not the type of person to call someone names, but you ARE AN IDIOT!!!!! Do you really think people CHOOSE to be laid off?……or be dying of cancer?….. or have their spouse die suddenly????????????????….or have their homes destroyed by fire & other natural disasters???……some of the people I know that have been ripped off by B OF A were in these positions. You must be a very lonely person because I CANNOT imagine that someone as HEARTLESS and IGNORANT as you has many friends……..and, by the way, I do have accounts at other banks & do not have these problems: 1st of all–other baNks let me choose whether or not I want them to cover overdrafts. They don’t decide for me. And. 2nd it’s not an issue at bank that give you credit for deposits BEFORE they pay out purchases UNLIKE BANK OF AMERICA. GET A CLUE, DUDE.

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avatar 407 Anonymous

I think John Works For The Bank Lol
Do you even hear yourself? THE BANK STOLE!!! ITS ILLEGAL!

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avatar 408 Anonymous

Corey stop crying noone cares about your overdraft mishaps, if you had your life in order you would be such a sour pus! Blame your self for not getting the education you need to expand your career choices. Your responsible for your own failures. You don’t see Donald trump crying and I’m sure he had NSF fees before too.

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avatar 409 Anonymous

John, let’s not get personal. But if you must, my life is completely in order, you sir, just refuse to read, instead, you continue to spout your rhetoric. People are not complaining about overdraft fees, most people have admitted that is was their fault. I am wondering why that is not enough for you? Why do you continue to post the obvious? Why does it still bother you?

People are simply here researching thier rights to a settlement against an company who used illegal procedures. What is wrong with that?

On a personal note. I am completely happy with my life, the education I received, and the choices I have made. Judging by your grammar, the education you received explains that reason that you continue to post in a forum that does not affect you. I personally have not shedded one tear regarding NSF fees that I am responsible for. But a court of law has deemed that BOA policies were illegal, and therefore a settlement was reached, and I, fortunately, am included in that settlement. Again, why does that bother you.

I am just concerned about you. You seem like kill people. No, really. I think you hang around ATMs waiting on people who don’t have money in their accounts, follow them home, balance thier checkbooks and then kill them. People who say heartless things on the internet simply to hurt feelings of people that they do not know scares me, and I am truly worried. Did you check out the gardening website? Although I fear that I have helped you come up with new ways to bury your dead.

I tried to be coy and disquise my previous belittling post to you, but somehow I think that you really believed me. Please take off cape, step down from your soapbox and come back down to earth, I was just kidding. And since you are too slow to understand when you are being made fun of, I am feeling really bad now. People with learning disabilities are not to be made fun if, I am very sorry.

Can you forgive me please?

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avatar 410 Anonymous

I’m sorry sir.

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avatar 411 Luke Landes

Keep it civil, folks. One person does not decide what people want to read here. Negative attitudes are not appreciated. Further comments along these lines will be deleted.

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avatar 412 Anonymous

Flexo,
Thank you very much. It’s nice reading comments because we all feel in different ways but it does hurt when ppl who don’t know each other attack with words. It’s not either one of your fault its bofa…the court decided that.

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avatar 413 lynn

Holy Tamoly, John. I could suggest a forum that you would fit right into.

Not everyone here is broke or mismanages money. But we do know a con when we see one. BofA is a con setup.

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avatar 414 Anonymous

Where can I get one of the attorneys that are handling these cases? Twice they ran the meter on me and caused my business to get derailed because they took all my money, around $750 each time, which equals $1500 that I would like to get back. Does anyone have a link or attorney I can contact? Bank of America won’t help me get it taken care of, they don’t want to give back any of the money they stole. That’s the way I feel… they had no right to take my money.

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avatar 415 Anonymous

If my math is correct, there are 10 million people in the lawsuit and $410 million in the fund? This makes for a small payment for each individual. Also what are the legal fees associated with this case?

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avatar 416 Anonymous

It would be nice to get notifications about real news/questions of the settlement instead of trolls trying to outdo one another…..

Please?

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avatar 417 Anonymous

How do we contact or who do we contact to make sure they look at the account that B of A hit with extremely overdraft fees? Hmmm makes me wonder if this had something to do with the fact they wanted me to close one account and open another…. I’m one of those people that has been robbed many times due to the fact of them moving transactions around in the account to put the high ammounts through first and a few others then post the deposit then end up with as many as five or six overdraft fees this is crazey and yes they do rob us poor people…. Does anyone have info on who can be contacted and spoke with on this matter please let me know at [email protected]. Thanks

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avatar 418 Anonymous

OK, LISTEN UP People!!
I’m poor; get $674.00 a month. No food stamps and BOA did this to me, and did it over the past 5 yrs. an estamated 45 times with some 10 times charging me with (EXTENDED OVERDRAFT FEES)of another $35.00 per overdraft totaling$70.00 per overdraft because I only recieve one payment a month of $674.00 with no savings at all! That means that since I got overdrafts of totaling (in one particular month ) of 35.00 for $2.23…….. ext o.d.another $35.00 =$70.00 then they hit me with another $35.00 for a $12.00 for gas even though I had the money in the bank for that gas when I got the gas the bank resequenced the debits so all of the debits of small charges of say groceries gas cigs, come out after the large (for me my rent of $450.00, electric $150.00 which I paid on monday ,a later date)! So the next month when my SSI ck. comes in, they would have taken out $140.00 in overdraft fees and extended overdraft fees when actually there should not be any overdraft fees at allbecause if the chargeswere taken out in the order by which they were done in the small charges would have been taken out before the $450.00 and the $150.00 which were the last two to be done by me!! In the stead the bank of America took $450.00/$150.00 out then the small charges when I really should have only one overdraft I ended up with 8 in one month and ended up homeless in a wheelchair with no money no place to stay and to this day I am homeless because of B.O.A.

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avatar 419 Anonymous

It will be interesting to see if once again the US pulls the “Big Bank” bailout and each of who has been robbed only see a very small portion of what is due to us!

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avatar 420 Anonymous

In 1988 I was disabled with a broken spine! I finally got on S.S.I . in 1994 with 18 mos. back pay! Ihave days where I don’t have but extensive pain but walk none the less, some days I wish I were a class Represative!!!!

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avatar 421 Anonymous

I received the post card signed up but never got any money

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avatar 422 Anonymous

you won’t see any money till after Nov. 7th.

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avatar 423 Anonymous

I have a trouble , went to ant ATM of Capital one Bank and made a cash deposit of 120, since the ATM does not have the technology to count the money at the moment you are depositing it you need to put it on an envelope , then someone else goes and counts that money then you receive credit, these folks ony credited me 60 out of the 120 i have deposited, i’m been calling cust. Service and at the local bank all them just keep saying ” Sr. We are investigating, but nothing:” Can any one tell me what can i do to recover my money, or to law suit this people since they are not doing but nothing on this.

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avatar 424 Anonymous

Actually this is not the only reason, BofA would also throw a overdraft fee in there (out of nowhere) and not correct the mistake. I have only had one issue with BofA and it was this time. but that one overdraft in the middle of my purchases caused me 18 overdraft fees. So it’s not just a matter of spending money you do not have. I am not surprised that they are going to be paying out. If I could have afforded it back in 07 when this issue occurred I would have gotten an attorney. Instead I paid them off so I can keep my credit and banking in good standing.

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avatar 425 Anonymous

I have been charge several overdraft fees,an i would like my money back.I never close out my account i payed them every dim e i had which left me nothing to give my kids and when you making 7.55 a hour you really don’t have know money to give anybody.I have 3 kids an it was very hard to support them an especially when they use to overdraft me 0.01 cent (MEANING 1 PENNY),i thought that was a shame but i do hope the judge come to a good conclusion on this case because it really will help a whole lot of people including myself.I remember 1 year i couldn’t get my kids nothing for Christmas because of overdraft fees which i don’t think we should have got charge for them especially if every check we got was direct deposit an you been dealing with them for a long time.

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avatar 426 Anonymous

Im so glad that you posted. Maybe now some of these pompous commentors will be a tad bit more sympathetic. You deserve every penny this bank took from you and your children! Maybe now the naysayers will censor their comments so as not to insult or hurt anyone.

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avatar 427 Anonymous

John, you are like a fungus that just won’t go away! Once again, in my opinion, the comments on this site are truly not relevant. It seems ,in my opinion, that this is becoming a personal attack as well as a race to see who can get thelast word in. Have you forgotten what what this lawsuit was about? I am truly upset that I am continually reading posts alluding to lack of education and common sense causing our problems with Bank of America, these posts are insulting! The bottom line in all of this is, this bank stole our money. For those of you continuing to bash people whom are just trying to recoop even a small portion of whay was taken from us. In this battle of rhetoric, I believe that one huge point has not even been brought out. Has everyone forgotten that with BofA’s charges there also come the charges from the people we wrote checks to. Another $20-$25 and our credit reports are affected. Instead of quarreling with people we will probably never meet, think about what this does to people on a fixed income, or people whose mortgage might not have been paid because of these practices. I know that I had this problem with this bank LONG before I even heard of this lawsuit. In some instances whe I brought it to the bank’s attention I was credited, in others we Had to bite the bullet. Get over yourselves!!!!

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avatar 428 Anonymous

CYD HANNAN,
Thank you for your comment! Again! Yes, I would like to get some of my Overdraft fees back, I’m currently in a shelter because of Bankof Americas resequencing of my debit transactions and I am on my last days of this places policy of housing and will have to leave on Mondat the 26th of Sept.
I was charged a minimum of 45 overdrafts and several extended overdrafts which caused a $70.00 per. I was very hurt by B.O.A. and I don’t I will ever get on my feet (figure of speech) and I just don’t know what I’ll do for a home!
I know that I will get a payment, I’m in touch with the Lawyers in Miami and they told me that There will be a payment to me!
My only worry is that only the Lawyers will make money off this and that is a true fact when they are getting $166,666.666.00 in their coffers!! Some settlement we poor are getting ripped off by B.O.A. and then again by the lawyers!!

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avatar 429 Anonymous

Stop relying on this lawsuit go make your own buck

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avatar 430 Anonymous

john……
is there no end to your stupidity???????????……rely on a lawsuit? are you joking????? the payout will be pennies compared to what most of us had STOLEN from us!!!!!!!!!!………earn our own bucks????? These are our own bucks that B OF A never should’ve had in the first place!!!!!!!!!!! Ya know……idiots like you are what karma is all about & she’s a bitch—-I wish I could be there when your ignorance catches up with you!!!!!!!!!!

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avatar 431 Anonymous

Hey People, don’t get pulled into this b.s. w/JJ. I admit I got a bit of a kick playing with him (kinda like my dog bats buzzing cicadas around before he eats them ) but you know what? It’s a waste of time. He’s not worth it. Let’s use our precious time and energy to help each other in this battle. Let’s share any information we may come across…it might be helpful to someone else. John and other detractors will just sap you of your time, energy and determination…to hell with those people who can’t relate. There are more of us hurting over what this bank has done to us. Share the news with whoever you talk to about BoA agreeing to pay $410 million towards this small class action lawsuit. Guarantee you, most you tell will not have heard a thing about this. Perhaps they kind of read something about it but guarantee you, they’ll be surprised to hear the sum offered. It gets people wondering…Why are they paying?

I believe there’s more to this offer than just “Now will ya shut-up and get off my back?”
I think it’s more like, “Oh-h-h-h Sheet, it’s gettin’ hot in here…okay, ok we’ll make ’em an offer…gotta make it look good…you know, add some good ole zeros ‘n throw in a few commas….yeah, yeah”

I can’t help smiling…I feel vindicated already and I haven’t even begun to fight.

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avatar 432 lynn

Dena is right. John could be a troll from the bank. Who can tell? ignore it and he will go away.

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avatar 433 Anonymous

I paid my share of overdraft fees, been laid off, hit rock bottom financially. Never once did u blame anything for my mistakes. I got my life in order by myself. As a successful business owner I understand the meaning of PROFIT!!! You all knew how BOA conducted their business yet you still manage to get fees.. What does that say? It’s not that I’m heartless because life throws curve balls at us always. I addopted to banks ways, and managed my money better. It’s sad to see bunch of grown ups trying to milk a dollar because a dollar is exactly what you will get after lawyers take their share. It’s not any banks fault, although they’re all crooks, it’s your own for understanding how they do business and choose to still do business with them.

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avatar 434 Anonymous

It is apparent that you feel animosity towards several people who have posted on this site…if you feel that strongly do yourself and us a favor and stop reading the updates. You have managed to pull your life back together. That’s fine and good. There are too many people who were not able to do that. So stop tearing these people down just because you do not identify with them! Get yourself a hobby let this blog be what it is supposed to be…I lost several thousands to BoA and it was not until I started paying closer attention to my account that I received relief. It’s not always mismanagement of funds that cause overdrafts…this as it is stated in the lawsuit…was a regular and ILLEGAL practice of this bank. These are people that you know nothing about and will never meet so why are you so upset that they will be recouping some of the funds that were stolen from them. You say that you are a business owner…you should spend more time running it and less time responding to the comments made here.

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avatar 435 Anonymous

John,
Your very angry , I think your more affected by the banks error then you think. Whats with all the crazyness? Its My Money…. and I Will Spend It When And in what ORDER i want to spend it in. Bank Of America CANNOT make that decision for me. Whether $10.00 or $50,000 Our choice. New York is becoming a Communist State, we can’t let these things happen. and YES I WANT MY MONEY BACK! ALL OF IT!!! AND A LITTLE EXTRA FOR MY AGGRAVATION! Thank You
Ps Yoga

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avatar 436 Anonymous

Yeah, I got ripped off also… apart from taking your money elsewhere, everyone here can inform themselves about and support the occupation of Wall st. that is going on right now, in it’s ninth day and growing…lots of support from around the country and around the globe. Go to FB; there are carpools being organized and there are a couple of websites with live streaming. occupywallst.org

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avatar 437 Anonymous

Here’s an idea…How about keeping track of your spending and not allowing Your account to overdraft in the first place!! People want to blame the banks but take some responsibilty and stop using the card if you know there isn’t money in there to spend. Don’t get me wrong I’ve had my share of overdrafts and the only person I blame for them is me…

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avatar 438 Anonymous

Chanda, I first blamed myself and was mad at myself for not keeping track of my transactions, until I noticed that the bank would post pending transaction and a weekly direct deposit post pending transaction that was well above to cover the pending trancactions. Guess which trancactions they released first?_ You got it…and held the direct deposit. When I called them they told me the pending trancactions were not current at the time.
Bottom line they are in the business of making money off of account holders who are operating off of tight cash flows, and if you are living paycheck to paycheck, try to withdraw the cash you need and make as few transactions as possible until you get on your feet

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avatar 439 Anonymous

How about this? Not only do they like to charge $35 even for a penny in the red but they also tell you how great the Keep the Change program is. Whenever you use your debit card, they will round to the nearest dollar and put the extra in your savings account. Yea….saving for them to keep $5 a month for themselves. It’s their charge for transferring it for you. What a ripoff! That’s my money! And hey, what about when you make a deposit, online it says it will be posted to the account on Tues because Monday is a holiday and it doesnt post until Wed causing a $35 overdraft fee! BOA sucks!

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avatar 440 Anonymous

@ Chanda……OBVIOUSLY It Is BANK OF AMERICAS FAULT…… hello…. ding dong anyone home. ARE YOU PAYING ATTENTION? ((((((CLASS ACTION LAW SUIT))))))
Other wise we all wouldnt be here having to here stupid comments, like this one

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avatar 441 Luke Landes

Comments on this article are now closed.

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avatar 442 Anonymous

So does this mean we only get 5 -14 % of what we are really owed ??

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avatar 443 Anonymous

I had to take out a loan to pay for all the over drafts with BANK OF AMERICA.Tried to reason with bank rep and he said there’s nothing they could do,so now i have a bank balance to pay and a loan.If you don’t belief me i’ll show an lawyer my proof.

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avatar 444 Anonymous

I recently encouraged a family member to go to a credit union, for the credit union works for its members, the banks are into making money. I had some bad times with BOFA. I can recall calling and disputing charges almost every two weeks before changing to a credit union. The bank would “always” hold back on depositing my direct deposit, charge me overdraft fees for checks that hit the same time, take there fees and then credit my direct deposit. Would someone “please” explain that practice? I don’t hold a grudge against the banks practices but I do have a bad feeling in the pit of my stomach whenever I see a BOFA branch. Therse are hard times for some individuals, why make it more difficult for those trying to make a living?

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avatar 445 Anonymous

I have been reading all of your comments and I am appalled….at you John. I debated whether to even comment or not. I realize that you obviously have some issue with yourself that make you want belittle and chastise others to make yourself look or feel better. If the BOA settlement is irrelevant to you than why are you even commenting on this thread? A side from that like Corey said people aren’t trying to escape responsibility for their mistakes however their mistakes didn’t give BOA the right to do what they did.
If I make an investment and maybe didn’t conduct as much research as I should have (my mistake) and someone like Bernie Madoff comes and depletes my savings….Should I just walk away because…well like you said it is my fault….NO just because you make mistakes doesn’t give someone the right to take advantage of you.
If I leave my door unlocked and someone breaks into my home and robs me….I should have been more responsible and locked my doors (managed my home properly) does that mean that the person that robbed me should be in the clear.
Yes people were aware of BOA practices but they were the same practices of many banks so what were they to do….close their account and go where???? Well Fargo…Suntrust …. They conducted business in the same manner. Although they felt it wasn’t fair there weren’t any regulations against it….This is why they had to wait until lawyer and the government stepped in to regulate these bank practices. READ and educate yourself. No one is going to get rich off the settlement but the lawyers so you can stop accusing people of trying to make a buck because that is about all they will make….A BUCK….. IT is the principle.
Next time you go to McDonalds and get down the road and don’t have your fries don’t you dare go back……why because it was YOUR MISTAKE that you didn’t check your bag and not McDonalds and you KNOW that it is their practice to screw your order up…….. Or are you so perfect you would do that…….

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avatar 446 Anonymous

Sharese well said!

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avatar 447 Anonymous

How do you know how much you will get?

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avatar 448 Anonymous

I’m not sure if it was mentioned above but during my time with boa if my account was overdrawn whent they took the monthly fee out I was charged $35 extra dollars for them to cover the fee

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avatar 449 Anonymous

It was said in the settlement notice that on behalf of settlement class members who can not be identified, between 5% to 14% of their settlement fund, net of expense money will go to nonprofit organizations. I strongly disagree and feel that the money should be given to the Settlement Class members in the Overdraft Fee Lawsuit.

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avatar 450 Anonymous

I AGREE!!!!!

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avatar 451 lynn

These comments make me so happy I have stayed away from all the ‘offers’ the big banks put out there. Nothing is free from banks. I am sorry that so many have gotten burned by BofA.

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avatar 452 Anonymous

Well, what I don’t understand is, they are being sued, yet they are still taking out transactions from highest to lowest. This makes so sense what so ever. I want to call them and ask why but I doubt it would do any good.

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avatar 453 Anonymous

yes BUT they are waiving the overdraft fees in most cases. HOWEVER even though they are waiving the fee I’m sure it still gets reported when you over draft, SO when you decide to fine a new bank and leave Bank Of America, the new bank looks at your CheckingReport(Kind of like a credit report for credit but for checking accounts), the New bank see’s that you have lots of OverDrafts reporting with in the last 24 months and does not give you a checking account, so then you’re stuck with Bank of America, Most people have Direct Deposit so they HAVE to have an account, So Since they can’t open a NEw account with a different Bank they are Forced to keep their BoA account Open.

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avatar 454 Anonymous

I’m trying to find out what paper work i need to fill for the suit. My father n law has recently passed and they did this to his account also. If you can help me with the information i’d really appraicate it. Thank you, Sabrina Baker

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avatar 455 Anonymous

I think you should have gotten a letter in the mail if you were part of the suit. Other wise google Bank Of America Class action Law Suit and call there lawyer

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avatar 456 Anonymous

hello sebrina baker im amia springs i live here in little rock. i read your info about your father sorry to hear that god bless!! lost is always a hard thing., but in time you will get better. back to the matter at hand they sent me out this card and a letter. It clearly states if you r intitled to the lawsuit it will automatically apply to you or in your case your father. im giving you the website so you can read the information on it. excuse me i misinterperted meant to say your father n law my apologizes.

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avatar 457 Anonymous

It it a known fact that they took this money!! So why are we only going to get a percent of what they took? I want all of my hard working money returned.Florrie Mingo

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avatar 458 Anonymous

Thats what I’m trying to figure out, the figures aren’t adding up to me… If the settled for 410 million dollars, why are only receiving $2500-5000.00, where did that figure come from? 30% lawyer fees is only $123million, what happented to the rest of the money? Seems like we shld get at least 100,000-1million?????

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avatar 459 Anonymous

I am very anxious to find out what the final amount will be for the victims in this situation.

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avatar 460 Anonymous

Your math might be a little off. If you divided the rest of the money by 12.5 million people, that only equals 21 dollars or something close to it. That is why they are asking for the 2,500 to 5,000

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avatar 461 Anonymous

I agree it is the consumers responsibility to manage their financial accounts. But my experience with BOA made me feel as though they were taking advantage of anyone who made a simple mistake. About 8 years ago (when BOA was deducting the largest transactions first) I was a recent college graduate with a very tight budget. One month in particular I was literally a few cents off on my bill calculations and wound up paying a huge price. Because of the way BOA processed their transactions and my slight mis-calculation, I ended up being charged about $200 in overdraft fee’s. This wiped out my bank account so I could not purchase groceries or gas. I felt disgusted and embarrassed. If BOA had processed the charges correctly, I think the only thing that would have ‘bounced’ would have been a small purchase at a gas station worth $5.

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avatar 462 Anonymous

Buying gas with an ATM card is really dangerous, I was told by a BoA employee they can hold the transaction up to 2 weeks, it won’t necessarily show as pending and they can process it at their discretion.
Furthermore, when I asked at my BoA multiple times if I could set up my account without overdraft protection, I was told it was impossible.

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avatar 463 Anonymous

i was told on many occasions that i had to keep min of $250 a month in my account for overdraft protection … i am canadian and recieve SS death benefits for my daughter .. how can i really afford that?

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avatar 464 Anonymous

A million people get a measly share of only 5-14% and the lawyers take the rest?? We need to sue the lawyers since 33% is what they are supposed to get, not 86-95%

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avatar 465 Anonymous

Exactly!!! Sue the lawyers :}

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avatar 466 Anonymous

Hi Lynda do you know the nu7mber to the lawyers I have a change of address if we are getting any thing

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avatar 467 Anonymous

I agree with you we shall all sue the lawyers to.

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avatar 468 Anonymous

I am so tired of getting ripped off by banks lawyers and everyone who just think they can make up any rules they want including the government this has got to stop i think i make pretty good money but after gas taxes stupid fees and inflated prices i have nothing i cant even put food in my house without going broke

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avatar 469 Anonymous

I agree!!!! This is some bs, The lawyers supposedly work for us and 10million people getting something returned. If the lawyers are gettting $123million, than there shoukd be $287.00 million dollars left over. Do the math, something ain’t adding up!!!!

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avatar 470 Anonymous

So, how do we get what is rightfully ours?? BOA took advantage of their customers. I lost a lot of money because of their opportunistic penalties. It’s ok to penalize someone for an overdraft, but $35.00 even if you are over by 1 cent? On top of that, if you did not deposit the difference immediately, the charges would keep going up. Is it time for another lawsuit? I think it is; they need to pay us back the predatory penalties they so eagerly took from us.

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avatar 471 Anonymous

Unfortunately being part of this lawsuit prevents us from similar lawsuits in the future.

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avatar 472 Anonymous

does anyone know when we are suppose to get our parts

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avatar 473 Anonymous

well i hope to see that credit to my account very soon,! then i can rub it in there face,.. overdraft fee’s for a 7 cent negative ballance, among other’s, the bank makes a whole lot of money taking advantage of people, were is the{ america} in bank of america???

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avatar 474 Anonymous

why do we only get 2,500 to 5,000 we should get 1,000,000,00 it 410,000,000,00 the lawer’s get’s 30% that’s 123,000,000,00 that’s crazy.

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avatar 475 Anonymous

Sorry Johnny, But we don’t get that much thats only wishful thinking . According to media customers will be lucky if they receive 20 Bucks regardles of the amount of transactions. Sucks.com

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avatar 476 Anonymous

I WANT TO START A DAVY CAMPAIGN AS IN DAVY vs GOLIATH.

IF PEOPLE STOPPED DOING BUSINESS WITH THE BANKSTER TERRORISTS, THEY WOULD FALL. HARD AND BEYOND OTHER BAILOUTS THAT TAKES YOUR MONEY IN ORDER FOR THE BANKS TO BE ABLE TO TAKE YOUR HOMES.

TAKE ALL OF YOUR MONEY OUT OF THE NATIONAL BANKS AND CUT UP YOUR CREDIT CARDS.
ONLY DO BUSINESS WITH YOUR LOCAL HOME TOWN BANK.

WE CAN DO THIS.

OUR TAX DOLLARS BAILED THEM OUT. ALL WHILE THE BANKS WERE CALCULATING HOW TO TAKE HOMES. IT IS THE SAME STORY OF THE HOME OWNER OVER AND OVER AGAIN. THEY DID THE SAME TO EVERYONE. IT WAS A PLAN FROM THE GET GO. THE REFI SHUFFLE WAS A CON GAME, IN WHICH THE UNSUSPECTING WERE CAUGHT UP AND LOST. I BELIEVE THIS TO BE A REAL CONSPIRACY AGAINST LAND OWNERS.

ALL THE WHILE THOSE WHO REPRESENT US IN DC, KNEW WHAT WAS GOING ON. IF A SERF CAN FIGURE IT OUT ONCE THEY HAVE BEEN VICTIMIZED, YOU HAD BETTER BELIEVE THAT WASHINGTON DC LET IT HAPPEN. THEY KNEW WHAT KIND OF GAMES WERE BEING PLAYED AND INSTEAD OF CALLING THE BANKS ON THE ILLEGAL, DIRTY, INHUMANE, SCAMS, THEY BAILED THEM OUT WITH OUR MONEY!

FURTHER, NO MATTER WHAT CONDITION THE HOUSE IS IN, BURNED TO THE GROUND OR BADLY VANDALIZED, THE BANK IS INSURED BY THE GOVERNMENT SUBSIDY. THE BANK LOSES NOTHING. THE BANKS GET THE VALUE OF THE LOAN ON THE HOUSE EVEN IF THERE IS NOTHING LEFT OF THE HOUSE! THE BANKS ARE RECEIVING BAIL OUTS AND SUBSIDIES FROM THE VERY PEOPLE THAT THEY ARE WORKING HARD TO DESTROY.

THE BANK DOES NOT LOSE A DIME!

THE BANKS WERE BAILED OUT BY OUR TAX DOLLARS. OUR MONEY IS ALSO COVERING THE BANKS ON LOSSES DUE TO THE CONDITION OF THE HOUSE.

PEOPLE DO NOT UNDERSTAND THAT THE BANK IS COVERED AND LOSES NOTHING NO MATTER WHAT.

MEANWHILE, HOW MANY PEOPLE HAVE COMMITTED SUICIDE OR HAD HEART ATTACKS BECAUSE THEY WERE LOSING THIER HOMES? HOW MANY FAMILIES WILL BE DESTROYED AND NEVER RECOVER? HOW MANY ARE HOMELESS BECAUSE THEY CAN NOT GET BACK ON THEIR FEET? HOW MANY CHILDREN ARE HOMELESS AND SUFFERING BECAUSE THE BANKS HAVE AN EVIL AGENDA?

HOW MANY SERVICE VETS HAVE THEY PUT THE SCREWS TO?

FOR CRYING OUT LOUD, WE HAD A REVOLUTION OVER THE TAXES ON TEA!

WHY ARE WE ALLOWING THE BANKS TO DESTROY THE AMERICAN DREAM? WHY IS OUR GOVERNMENT SUPPORTING THEM IN DOING SO?

OUR GOVERNMENT DOES NOT CARE ABOUT THE HOME OWNER. THE GOVERNMENT WILL ONLY HELP FURTHER DESTROY INDIVIDUALS AND FAMILIES BY NOT PUTTING THE SMACK DOWN ON THE BANKS.

I, AS AN AMERICAN CITIZEN, DO NOT WANT THEM TO GET AWAY WITH DESTROYING THE AMERICAN DREAM. LOWERING THE STANDARD OF LIVING ON MILLIONS OF HARD WORKING AMERICANS IS UNETHICAL, IMMORAL, GREEDY, CORRUPT AND DOWN RIGHT EVIL.

PLEASE, YOU ARE WELCOME TO COPY THIS STATEMENT AND PASTE IT ANYWHERE IN ORDER TO GET THE WORD OUT.

I CALL IT THE DAVY REBELLION!

HOW TO JOIN THE DAVY REBELLION—NO PPENALTIES, NO FEES, NO DUES, NO BACKGOUND CHECKS! (HA!)
TAKE ALL OF YOUR ASSETS OUT OF THE BANKSTER NATIONAL BANKS AND ONLY DO BUSINESS WITH YOUR LOCAL BANKER.
CUT UP YOUR CREDIT CARDS.
DO NOT DO ANY BUSINESS WITH THE NATIONAL BANKS.

LET US. WE, THE PEOPLE, FIGHT FOR JUSTICE OURSELVES AND CIRCUMVENT WASHINGTON, DC. OUR BUREAUCRATS ARE NOT LOOKING OUT FOR WE, THE PEOPLE.

I WILL NOT STAND FOR- OF THE CORPORATION, BY THE CORPORATION, FOR THE CORPORATION!

PLEASE ALERT ALL! JOIN THE DAVY REBELLION TODAY!

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avatar 477 Anonymous

I’d like to know how to get this off my credit report. I got so fed up with BoA and refused to pay them anymore money, they closed my account and sent it to a collection agency. Can anyone help me with this problem, I’d like to open another bank account again. (not with BoA of course)

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avatar 478 Anonymous

I had the same issue and they put me in chexsystems. The fact is, they cant put you in something that you never agreed to be put into. I googled how to get out of chexsystems and some “nice” lawyer had put a draft letter of what to write to the bank to get you out of trouble. Guess what two weeks later I got a letter from Bank of America saying we have taken you out of chexsystems and also have taken any negative information off of your credit report. Try it…it worked for me.

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avatar 479 Anonymous

Thank you Sean I will try this.

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avatar 480 Anonymous

2500 to 5000 your dreaming thats not what the customer get
i think thats extra fees that the lawers will charge each person in the settlement on top of the 30 percent wich is 123 millionssssssssssssssss

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avatar 481 Anonymous

I read that on the website! It said single people will get $5,000 and married couples $2500.00, so you think were going to get more? I personally feel like we should but I don’t know…..Lawyers……

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avatar 482 Anonymous

“up to” $2500 or $5000

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avatar 483 Anonymous

it says that we have to pay that amount(2500 per plaintiff,or 5000 per couple) to the 32 class representatives, which I’m thinking its each bank branch representative, this is to them for their services on the whole class.

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avatar 484 Anonymous

BANK OF AMERICA HAS COST ME THOUSANDS OF DOLLARS IN FEES AND WILL NOT CHANGE MY ACCOUNT SO THAT OVERDRAFT FEES ARE NOT GENERATED…I’VE HAD THIS PROBLEM FOR ABOUT TEN YEARS..SO AFTER THE SETTLEMENT IM CLOSE THE ACCOUNTS WITH BANK OF AMERICA…

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avatar 485 Anonymous

I think alot of people dont understand the concept of this settlement.. it will be case by cas i probably wont see much.. alot of the times it was my fault but there were a few times my account got racked and stacked. You cannot be a part of the claim if your deceased dad or mom got taken to the cleaners.. you have to be legally tied to the account at the time.

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avatar 486 Anonymous

I was raped many many times through the years with fees that should not have happened with 3 separate accts. I “should have 3 settlements”. They even put charges against my acct. that I never made then took them back after they started the multi fees.

The ghost charges also need to be looked into by someone.

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avatar 487 Anonymous

I was incredibly happy when I received my post card in the mail. My husband and I are not expecting much, if anything from this law suit but I was happy to see that someone is holding them liable for their mistreatment of customers. My husband and I are very smart about budgeting our small amount of money. Normally we never had a problem. We did have one, very large problem with them a couple of years ago. My husband was on leave and we went home to visit our family. On the way back we had stayed at a hotel who ran our debit card not once, but 3 times. Our normal, monthly bills also processed at the same time. With the banks policy of largest to smallest we overdrafted SEVERAL times with the small bills and the hotel fees. Even after contacting the hotel and getting our money back for that Bank of America would not refund the fees. Long story short, we ended up several hundred dollars in debt to them. Thankfully my husband was able to change his allotment before the next paycheck and we instead made small payments to our old account until it was resolved. It may have only affected us that one time but it was ridiculous and proved they are nothing but money-hungry, greedy good-for-nothings. I am thankful we are rid of them as a bank. They charged so much for a standard bank account. $8 monthly account fees as well as overdraft protection fees, overdraft fees and (tried) charging $5 for debit card transactions? Tell me again why we have to bail big businesses like this out? They are raping their customers pocketbooks and yet, we give them more money (we do not have) through a bail out. Shameful, that is what that is.

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avatar 488 Anonymous

When did you receive the postcard? I never got one and this is supposed to be for all the customers to be automatically included.

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avatar 489 Anonymous

I believe we received it in June or July?… I’m not 100% positive which month.

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avatar 490 Anonymous

I really don’t think we should get only some percent back, we all should get our whole money back with interest. I had my money in the account, it not my fault that the back don’t post it right aways if using my ATM loading gas. I have a family of six, working very hard for some just wiping my account and charging me over 700 in one month and it happend 4 time. Gave me my money back, Adios Bank of America. I closed all my accounts and now i have a Union Bank, I have no problems with this bank for three years.

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avatar 491 Anonymous

I researched it you need to call 1-800-372-2390 w/ a touch tone phone and enter your phone number, Name, Address etc and they will send you a “lawsuit kit”

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avatar 492 Anonymous

I too was scammed by Bank of America. They let a company that I never even heard of take money out my account 3 times and charged me multi overdraft fees . They need to get what they deserve and im gonna look into the lawyers gettin so much money. Why r u gettin money from Bank of America customers that we worked so hard for. So u can put our money in ya pockets and spend it on whatever u want. I don’t think so, and I bet u that none of thoses lawyers bank with Bank of America. Go with union banks they r the best.

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avatar 493 Anonymous

I am looking forward to Nov. 7, 2011. I have been with BOA for over 10 years. Many transactions that were performed were never resolved. I understand I do nothing but wait because that’s what I chose to do.
I believe after being a loyal customer and paying over $3000.00 annually on overdraft fees due to the way they handled their business not looking out for the consumer but for the bank’s profit is not right.
I have received a letter and a card informing me what is currently legally being done to help me.

Thank you

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avatar 494 Anonymous

Everyone really needs to close out their accounts after the settlement money is received.

Start a new account in a reputable bank now so it will be easy to transfer the money when you do it.

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avatar 495 Anonymous

Here is the math… if 1 million people get 5% of 410 million dollars… that mean we are only getting $20.50 dollars back per person… or 14% of 410 million make $57.40 each wtf? I am sure that millions have payed hundreds if not thousands of dollars in overdraft fees alone. Btw Banks get Billions of dollars in just overdraft fees… Whoever agreed to Bank of America paying just 410 million in spite of the billions they have attained in just overdraft fees and without the concent of the so called, 1 million petitioners should be shot and killed. What i dont get is how 1 million people seem to not remember signing it the first place. So im calling these law firms and gonna ask, what the fuck!!

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avatar 496 Anonymous

I hope you’re wrong because BOA took way more than 20.50 from me. I never signed anything. I got that postcard in the mail and now I’m pissed because the lawyers are screwing us.

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avatar 497 Anonymous

Ryan is correct. Consumers will recieve less than the amount of 1 return fee…($35.00).

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avatar 498 Anonymous

Just wait and see what the judge says cause when it comes to money the judge and the lawyers are the same mafia.

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avatar 499 Anonymous

yeah 20 dollars that s what the customer get lets all of us sue the lawyers for real

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avatar 500 Anonymous

You all need to read. It said $5000 per person or $2500 per married plantiff whose spouse is also in the suit, but ONLY FOR THE 32 PEOPLE WHO FILED THE ORIGINAL CLAIM, not those of us who got the postcard. My guess is we should all blow our winnings on an extravagant night out at McD’s.

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avatar 501 Anonymous

I ned to now how to put in a change of addrees. The email addrees or website is not right. I am also mad that they are talking about 20, what the heck is that.

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avatar 502 Anonymous

Me too. One overdraft is more than 20 dollars.

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avatar 503 Anonymous

I had lots of bank fees from BOFA almost to the point of 500.00. its seemed the bank fees were twice what i really owed them and how come i was never contacted?

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avatar 504 Anonymous

++++++++++++++++++++++++Please read++++++++++++++++++++++++++
+++++++++++++++++++++here is the simple Math+++++++++++++++++++++

Excluding any Lawyer fees, (that ain’t happening…)

1,000,000 customers x’s $5,000 each settlement = 5,000,000,000 (5 BILLION dollars)

BUT! They settled for $410,000,000 NOT 5 Billion so you’re down to 400-500 ea w/o fees.

We are NOT getting $5,000 ea. and I’m guessing we’re getting around $50.00 to 100.00 at best IF we’re lucky.

Lawyers should all be fed to Sharks in the coming revolution along with the IRS and Government workers :)

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avatar 505 Anonymous

I’m sorry to say this Ken but it’s not 1 mil customers. It is more like 13 Million customers. So if your right and lets say we take your high number of 100 then divide it by 13 and thats what well be getting. About 8 dollars!!!! FML

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avatar 506 Anonymous

410 million minus 123 million to lawyers= 287 million to plaintiffs= 21.74 at best for each of the plaintiffs. Bottom line?… B of A customer gets F’d again.

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avatar 507 Anonymous

I feel violated by the lawyers in this case. It should be illegal to just automatically include people in a lawsuit. They should ask people if they would like to be part of this lawsuit instead if we wanted to opt out we had to jump through hoops to do it. I’ve just spent a long time reading the court documents from Oct. which address objections from class members. These lawyers are the reason why lawyers have a bad name. GREED, nothing else. While obviously this lawsuit affects most of us who got screwed because we’re basically living paycheck to paycheck, these already rich lawyers will be getting more rich and all of us can go buy a case of beer.

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avatar 508 Anonymous

Not that I am approving the practices of BoA, but they wouldn’t have had the chance to charge fees if we (yes, that’s myself included) had managed our money better, budgeted, lived within our means.

It seems really inappropriate to come back and sue, but that is the American way: handle money poorly then demand a handout.

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avatar 509 Anonymous

Disagree. I haven’t had any problems since I left BOA.

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avatar 510 Anonymous

They never charged overdraft fees unless there was at least one overdraft. Again, I am not condoning what they did, but our poor planning gave them the inch they needed to exploit loopholes.

If you haven’t had any problems since you left, it means you are managing your money properly, not because your new bank does things differently.

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avatar 511 Anonymous

You sure assume a lot. I did get charges even when I didn’t overdraft. I haven’t managed my money any differently so quit assuming.

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avatar 512 Anonymous

I should I have said I got charges when I didn’t do anything. I called them so many times ro reverse charges I didn;t do. Don’t think we all mismanaged money like you.

avatar 513 Anonymous

Get a life Kathy. If you were charged when you shouldn’t have been, the charges would have been reversed and you wouldn’t be trolling the BoA lawsuit website. If they didn’t reverse the charges, you should have a lawsuit of your own.

But your hear, and the only reason you are here is because you overdrafted your account. Everyone here knows your dirty secret. Move on.

avatar 514 Anonymous

now what I dod, not you as you weren;t there. I over drafted but I shouldn’t have. I over drafted because of things I did not do. I’m not trolling the site. I didn’t get upset until you assumed what my situation was. You’re the troll. Please look up the definition. It fits you.But you know that’s response i get when I go to the bank. Except they tell me they would never do that and that i must have made it up.

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avatar 515 Anonymous

@ Matt

I think you are wrong to assume that we all mis-managed our money and the result was B of A hitting specific derelict customers with justified charges. I never mismanaged my accounts but yet managed to rack up a number of suspect charges over a long period of time. Many of us don’t have the ability to save and have safety nets in our accounts to prevent what happened. Just because many of us are forced to live paycheck to paycheck does not give B of A or any other financial institution the right to exploit that unethically. You may not understand what its like to have to survive paycheck to paycheck but you shouldn’t automatically assume that we are all guilty and Bank of America had the right to act the way they did. Banks in General are mostly responible for this economic situation the world is in because of the sub prime loans issued to get some extra revenue for a short time. The sad thing is that the Gov’t bailed them out because they were greedy and since that time very little has changed. If anything the bailouts should have went to the people, not the businesses that caused the crisis in the first place.

avatar 516 Anonymous

All i said was I disagree. I didn’t jump on you. I was simply stating my experience. I thought the whole point of this place was to discuss things. Nothing about my first post was argumentative. It wasn’t meant to be. I only called you a troll when you accused me of being one. It made me a little suspicious of you when you called me one. But assumptions really annoy me so my post after that was probably assholish of me.

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avatar 517 Luke Landes

Let’s agree to keep discussion here on-topic. This is not a forum for personal attacks or judgments. There’s no need to make the overdraft issue personal. Further off-topic posts will be deleted and if it continues to be a distraction to the conversation, I will close public comments (again).

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avatar 518 Anonymous

Sorry about that. I really could have sworn the postcard said 490 million. But where are people getting the amounts from? I don’t mean the 410 million but the amount that will be paid out to people. I wish I kept the postcard.

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avatar 519 Anonymous

B of A purposely aimed their practices at customers who were accustomed to living from paycheck to paycheck. I left B of A after they took me for over 900$ in fraudulent overdraft fees over a 6 year period, and went to PNC bank N.A.. Since that time I have had not one overdraft charge in 4 years. I also make less money and have very close to the same financial responsibilities. B of A’s tactics of arranging charges to post to our accounts to maximize fees and profits was unethical and irresponsible. Shame on them for taking their customers money in a criminally negligent fashion. In my opinion, they got off easy as they were responsible for STEALING over 4.5 billion from customers.

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avatar 520 Anonymous

iT WOULD REALLY SUCK TO GET ONLY 1000.00 OR LESS THESE MOTHER F—–G BAST–DS

DESERVE A LITTLE JAIL TIME NOT COMUNITY SERVICE, JAIL SLEEP OVER ATTICA TIME. MY
KIDS AND MYSELF HAVE HAD SOME HUNGRY TIMES DUE TO THESE FEES AND THEY BETTER PAY!

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avatar 521 Luke Landes

Unfortunately, the settlement will result in far less than $1,000 per person. Jail time isn’t really on the table, either.

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avatar 522 Anonymous

I banked with Bank Of America for over six years. When I received the post card about the law suit and how to be a part of it, I missed placed it and did not join the law suit. Does anyone know how I can hook up with them or is it to late. Please help…..senior living on fixed income.

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avatar 523 Anonymous

Unfortunately it’s too late.

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avatar 524 Luke Landes

Susan, if you’re an affected customer, you received the post card, and you’re automatically a member of the suit. You don’t have to join. If you had wanted to opt out, and if you wanted to reserve the right to sue Bank of America yourself, you would have needed to respond.

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avatar 525 Anonymous

I know what I dod, not you as you weren;t there. I over drafted but I shouldn’t have. I over drafted because of things I did not do. I’m not trolling the site. I didn’t get upset until you assumed what my situation was. You’re the troll. Please look up the definition. It fits you.

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avatar 526 Anonymous

I’m not a troll. I was the first one between to admit in my original post I am here because I overdrafted. I am part of the lawsuit. I am glad you finally admitted you are an overdrafter too. No need to get so angry, Kathy. By the way, You cannot overdraft because of “things I did not do”. You spent more money than you had. :)

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avatar 527 Anonymous

No, that’s your problem. I’m not saying it wasn’t an overdraft. I’m saying it was an overdraft on something I did not do. I know what i have done and didn’t do. t still think someone at my college used my card. Whoever it was bought stuff I don’t even like. Many charges were reversed but it’s hard to prove. That pisses me off.

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avatar 528 Anonymous

I get annoyed with assumptions especially when I’m called a troll. I’m not here to disrupt things. I just still don’t understand how someone got my card number. It seems like a very odd coincidence because the day before the charges I got into an argument with someone at BOA. It may have just been a coincidence.

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avatar 529 Anonymous

If you don’t like being called a troll don’t call people trolls. I simply stated my view of this whole lawsuit thing and you jumped at the chance to start an argument.

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avatar 530 Anonymous

It seems unconstitutional for anyone to automatically include my name into a class action lawsuit my consent

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avatar 531 Anonymous

I really feel my personal privacy and rights are being violated. I dont care if i get anything back.. i just dont think it is right for other people to make my personal choice of taking part of a lawsuit.

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avatar 532 Anonymous

You had the option to opt out. That date has long passed, but it stated this fact on the card you received in the mail.

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avatar 533 Anonymous

I believe its wrong to give option of opting out. You should have the option of opting in not out.

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avatar 534 Anonymous

In a “Class Action”, they can do that on behalf of anyone/everyone who’s been affected. You can Opt OUT and do it on your own and that will take a few generations to see anything happen along with your own lawyer fees.

Personally, I have been diagnosed with Mesothelioma (Asbestos cancer of the Lungs), a similar Class action is getting me 1.1 million in damages, 737,000 after the Lawyers take the cut.

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avatar 535 Anonymous

Did they automatically include you or did you have to call them first.

avatar 536 Anonymous

lost thousands of dollars where do i go

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avatar 537 Anonymous

Has anybody heard how much we are getting?

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avatar 538 Anonymous

When wud they settle????we shud know something2day rite???

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avatar 539 Anonymous

I hope we do!!

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avatar 540 Anonymous

They’ve approved it. I don’t see the amount we’re getting.

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avatar 541 Anonymous

i wonder how soon they are going to start disbursing the amounts in question…although i do fee that it is entirely unfair that the lawyers are getting a large chunk of the settlement…

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avatar 542 Anonymous

I think they’re going bypass those who are truly deserving compensation. The Law firm maybe over doing it on their payouts for themselves and the settlement should be more lenient toward the customers who have their money investing in an account at BofA. We’re supporting them but they over tax for small change. Double jeopardy policy action by BofA with over draft fees. I think I have lost over 750-1000 dollars in my banking years with overdraft fees. The $35 dollar fee five days after first overdraft fee is just plain ridiculous to any customer banking account. Com’on man I have monthly direct deposit which should be given a line of credit up to $500 dollars before overdraft fees accummate.

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avatar 543 Anonymous

i read that it is based on how much overdraft they charged u

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avatar 544 Anonymous

You will recieve at least 9 Percent of the fees you were charged.

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avatar 545 Anonymous

What I don’t understand is the high amount that the lawyers get. If I ever get something like this again I will opt out. I don’t think it’s fair that they get so much and we get so little.

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avatar 546 Anonymous

i dont understand. we could not have been dragged into a lawsuit where our lawyers get more money than us

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avatar 547 Anonymous

I don;t understand it either. In the end the lawyers just care about lining their own pocket. They never really cared about helping people.

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avatar 548 Anonymous

The judge has approved Bank of America’s settlement related to the overdraft class action lawsuit. Bank of America will pay $410 million to affected customers as well as the lawyers who brought the suit. With 13.2 million affected customers in the class, and fees to be paid from the settlement fund to the lawyers and class representatives, the benefits each customer will receive are sure to be less than the value of a refund of even one overdraft fee.

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avatar 549 Anonymous

Excuse my language, but I am pissed off. They approved the 410 million settlement and all other customers except the 32 original claimants will receive less than one bank overdraft fee which usually is $35 dollars. Which I would have known to opt out to make sure I wasn’t contributing to the attorneys getting richer.

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avatar 550 Anonymous

Thats not right!! I hope we find out soon when we are getting our money back and how much.

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avatar 551 Anonymous

Lawyers do a lot of work to earn money like this. All of you want to complain about their cut, but I bet you don’t want to sit down and dig through apparently 13.2 million accounts to see if they qualify and find a way to contact all these people while at the same time putting together a case against a multi-billion dollar corporation.

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avatar 552 Anonymous

Josh the lawyers did not dig through all of the Banks accounts lol that is just absurd.

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avatar 553 Anonymous

thank you they pay someone 10/h collect all the millions

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avatar 554 Anonymous

That’s exactly how much I got paid working for a lawyer. I did the work when it came to looking for people.

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avatar 555 Anonymous

You would work hard too if you knew that adding one more person in the pot would help your cup to overflow with more money. That’s the American way. Use a less fortunate & unknowledgeable person to help you rise to the top.

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avatar 556 Anonymous

Without us they wouldn’t have gotten crap but we’re screwed in the long run.

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avatar 557 Anonymous

We are only getting a minimum of 9 percent. Meaning for every 300 bucks in overdraft fees, your only getting $27 back. The judge is a freaking idiot! The people’s lawyer wanted the lawsuit at 4.5 billion not 410 million. Just get rid of BOA!

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avatar 558 Anonymous

Josh, everybody works hard, not that everyone nets $50M! The fact is the lawyers are getting compensated extremely well. So did BoA. Will this settlement prevent this from happening again? When the bank comes out way ahead, and is excused from admitting any wrongdoing? Justice?

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avatar 559 Anonymous

you must be a lawyer for you to say that s bs they crooks most of them and always overcharge you for they work they do

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avatar 560 Anonymous

Zachary is right!!

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avatar 561 Anonymous

My point remains. They did the work so they get paid.

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avatar 562 Anonymous

they made sure they got paid and the people how hired them( 32) they used us and they did not care if we got paid .bank of america charged me 889 dollars and your going to give 20 bucks fuck that and fuck the lawyers

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avatar 563 Anonymous

they screwed me many times with this,I’m sure I have statements to prove it!! I yelled at customer service MANY time over this.$5 at grocery store costing me an extra $30,$10 gas extra $30.I was never aware of this till I heard the evening news!! I WANT IN!!!!

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avatar 564 Anonymous

OK. so bank of america is going to pay all the money but how r we going to get it a check or? and how much money per person ? and how long is it going to take to get the money.

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avatar 565 Anonymous

If you still have a boa account they will credit you. If you do not they will send you a check in the mail. No clue how long it will take..

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avatar 566 Anonymous

You know it’s real sad that we want get much money.I am on a fixed income.So once they screwed me with the OD fees,It seemed like I could never get caught back up.It’s a shame that we probally want get enough money for a water bill or a burger.

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avatar 567 Anonymous

So Let me get this straight… The lawyers handling the case got $123,000,000.00 and each B of A customer gets $21.74 for having been f****d over by a criminally fraudulent and negligent company to which many have lost thousands? B of A has stolen over $700 from me over a 3 year period but its okay now cause the judge says they have to pay me back $21.74. What a load of bull s**t!
If the info on the Bank of America Overdraft Settlement website had been a bit clearer as to the reparations and their objectives, I know many, myself included, would have opted out of this litigation and pursued other means of retribution.And what really gets my nerves boiling is that the lawyers are getting 123 million of the 410 million settlement.
I’m not suggesting that they haven’t done a fine job of handling this cases’ points of merit, but do they really think that getting not even 22 bucks for customers is good when they will be taking home 123 million? For them to accept a lousy 410 million dollars for 13.2 million customers was a huge lapse in judgement. They should have gone for the throat and asked for at least 20 times that much.
I guess the lawyers will be sleeping better tonight knowing that their 13 thousand square foot summer house in the Hamptons, just got the mortgage paid off, and they wont have to chase ambulances to the emergency room any more. B of A customers on the other hand, will have to take a 21 dollar slap to the face. Oh well. At least we can put almost 6 gallons of gas in our vehicles so we can make it to work tomorrow.

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avatar 568 Anonymous

i said the exact same thing. My perspective on the situation was they were going to look up the overdraft fees accrued by each customer and refund it to them, not just give everyone $20 and send them on their way. I would have been better off suing them myself. We are the victims, not the lawyers. What kind of lawyers are representing us that would think their clients would be okay with this measly settlement?

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avatar 569 Anonymous

The lawyers who represented us have their contact info listed on the B of A overdraft settlement web site. This is the web page which contains their information. http://www.bofaoverdraftsettlement.com/ContactInformation.aspx

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avatar 570 Anonymous

check out the update(bofaoverdraftsettlement.com)nov.9th.just a waiting game

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avatar 571 Anonymous

I couldnt agree with you more! I think maybe we should find an attorney to represent those of us who were screwed over and take that money that was due us, the customers from the attorneys.

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avatar 572 Anonymous

get signatures like the babysitter,she get 3000000 signatures and stop boa for charging 5$ for debit card transations,also we can threat them to close ours accounts .

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avatar 573 Anonymous

nice thought but this is just another way the lawyers have screwed us the case is now closed to all of us whom didn’t opt out. I would have but I was living out of town when the notice came. and I just got back in late Oct. and saw thew postcard from the lawyers and it was too late to opt out

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avatar 574 Anonymous

Here’s another tidbit of info. many readers and plaintiffs were under the impression that they were going to receive between 2500 to 5000 dollars depending on if you were a married couple or single individual. Those amounts were to be issued as bonuses to the original 32 plaintiffs of this class action suit, not the remaining 13,199,967 million customers involved in the suit. Only 46 class action plaintiffs objected to the judge about the details of the settlement and only 350 plaintiffs opted out of the suit all together.
I wish I had been the 351st person to opt out.

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avatar 575 Anonymous

I really wish I would have opted out.

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avatar 576 Anonymous

Me too, I was too busy and forgot.

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avatar 577 Anonymous

Me too Marty_L1.

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avatar 578 Anonymous

Even though I was one of the BOA account holders in the class action suit, I feel I don’t deserve any settlement. I racked up fees knowing they would come; so I have no basis for asking for money here. Trying to borrow money in a deposit account was not going to end well.

Highest to lowest, NSF fee, whatever. Consumers calling this settlement outrageous need to look in the mirror and realize the fees, while high, were agreed to. If you don’t like the rules, don’t play the game.

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avatar 579 Anonymous

I’m glad someone else sees this, the fees are listed in the terms and conditions.

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avatar 580 Anonymous

It’s not the fee’s that were misunderstood it was the accountants that manipulated the transaction dates and time that is the problem. It happened to me many time I use my card 5 time in one day getting cigarettes, gas, drinks and food ect. Then I pay my cell phone bill now if they had put the transaction in the order I used my card I would have only been overdrafted about 12 bucks now what boa would do is cash in the cell phone payment then the next biggest which now over drafted me 3 time because of the purposely maniplitive ways they handle my transaction.

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avatar 581 Anonymous

Michael & others: I do understand your comments with regard to “looking in the mirror.” But if I look in the mirror and see a person who has made an honest mistake by only a couple of dollars — literally — because of a struggle to make ends meet, is this an open book for corporate giants like BofA to kick the struggling when they are down? It would be incredible for even the most trusting person to believe that BofA’s sole goal of processing the transactions the way they did was to “help their customer by paying the highest transaction first.” If they indeed were so concerned with the customer AND they were paying the transactions anyway, then why not post the transactions low to high? Even in doing so, they were going to make the easiest $35 they could ever hope for! Most states have laws against or at least heavily regulate the “pay day loan” institutions — this just seems to be BofA’s way of getting around such laws or regulations. And at the cost to who? The answer: the people who can least afford it! I admit I have stayed with BofA for over 20 years, and I am happy to say that for most of those 20 years, I maintained a very balanced check book with them. But for about three of those years during the timeframe in question, I had several times where my very honest miscalculation put me over by less than $5.00. However, in processing the way they did, that $5.00 over would cost me $175.00!! And guess what!? Three or four days after that, I may have had three or four more pre-authorized drafts come out that there would have been no way to stop in time. And the snowball effect continued! There was more than one month during those lean three or four years where I lost many hundreds of dollars this way due to fees.

Bottom line? I DID know the rules! But as I try to teach my nine and ten year old children when they are playing games with their friends (customers?), just because you are bigger than they are, doesn’t mean you can be a bully!!

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avatar 582 Anonymous

hi i used to have B OF A and switched banks and i was wonder how i was going to find out if i was going to get paind the 22 dollars?

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avatar 583 Anonymous

Hey Marty L1, Want to sign the new petition, go to change.org link below and sign
http://www.change.org/petitions/bank-of-america-overdraft-lawsuit-lawyers-for-the-plaintiffs-the-2174-expose-who-they-are-and-sue-them-for-deception-and-malpractice?share_id=AyTjuHInmL&pe=pce

copy and paste this link to your friends please. thanks, falcon glyfman

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avatar 584 Anonymous

The fact that we are only getting about $20 back is mind boggling. I am a full time college student, and they have been ripping me off since 2008. They knew exactly what they were doing when they were posting these transactions from highest to lowest. Yet as they are being sued in a lawsuit, they CONTINUE

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avatar 585 Anonymous

The fact that we are only getting about $20 back is mind boggling. I am a full time college student, and they have been ripping me off since 2008. I deserve every bit of my money back. They knew exactly what they were doing when they were posting these transactions from highest to lowest. Yet as they are being sued in a lawsuit, they CONTINUE to post transactions this way. I don’t see why we can’t get all of our overdrafts refunded back to us. Regardless of how much I am getting back, I WILL be closing my account. And I hope they are refunding this money back quick, fast, and in a hurry.

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avatar 586 Anonymous

I was a full time college student when I had BOA. I no longer bank with them. I wish the lawyers had been upfront. I feel like they’ve just used us all to make money.

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avatar 587 Anonymous

where did you read this, it’s 9% of what you lost or 45 cents on a dollar.let’s just wait and see.

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avatar 588 Anonymous

Here’s a link to a washington Post article on the matter which details most of what you’d like to know about the 9% There are other articles that detail the 9 to 45 cents on the dollar figure. Just do a google search for Bank of America overdraft and scroll through the results to find your desired news clipping.
link

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avatar 589 Luke Landes

That’s not an official number, just an estimation — by a lawyer who objected to the settlement.

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avatar 590 Anonymous

Let’s face it, it’s always the little guy who gets the screwing. Like Our politicians, If they would be willing to give up thousands of dollars of their pay we could balance the budget. But it’s us little guys who are always having to give up something! Stop giving our money to foreign countries, help our homeless, helpless. Our businesses and Politicians care more bout their WALLET,not about the AMERICAN PEOPLE who fight for this country and die. Who can live on what disability gives,it’s enough to make you want to live in this country. My great grandfather was in a Civil War Prison for this country and what he believed………………. OUR POLITICIANS AND FINANCIAL OFFICERS DON’T CARE 2 RATS BUTTS about the american citizen today! That’s right I might get 4 gallons of gas with the settlement. YEAH!

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avatar 591 Anonymous

Yeah, I got screwed by the lawyers again. My losses were around $1200 and they mailed me a letter saying hey, we are getting $410 million for you guys, not sure what you’ll get but YOU MUST OPT OUT NOW IF YOU INTEND TO PURSUE IT ON YOUR OWN (THAT WAS OCT 8, 2011), THEN TODAY 1 MONTH LATER……! I find out I’m getting $21. These sorry bastards new how much they expected we would be getting. Here is a remedy. If you own a business always have your clients and vendors sign an intent to use out of court arbitration instead of the legal system. Next, lick your wounds, drive to Goodwill and say hello to your shopping future. When B of A screwed me, I lost my apartment and moved into my van. I have celiacs disease and was nearly dead but since I have gained about fifty pounds, and since I have learned to 1. depend on public sinks for a daily bath, 2. never use a bank again, 3. bought a walmart debit card which is free to use, 4. park my van every night at walmart (the only place you can without going to jail (thank you sam)). 5. save very penny I can including aluminum cans and eating every free sample I can at whole foods and when I reach the $10,000 goal, I’ll sell my van and leave Mr. Boehners world and move to some third world place that can appreciate my masters in chemistry.

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avatar 592 Anonymous

I agree… I’m with The Master Mind who came up with this suggestion.. (Change.org)
This so called reward was down right disrespectful! In every since of the word.So in the meanwhile I’m taking my complaint to the Highest Level Of Authority…. “The Almighty God”!!!
It’s clear that man will fail you… but God is in the restoration Buisness!

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avatar 593 Anonymous

What you gotta get a grip on is that these lawyers came to the aid of Bank of America in order to make it appear that the bank of America was being held accountable. A classic Wag the dog. I say we do not cash our checks and see if we can get these lawyers on mal-practice. DON”T CASH YOUR CHECK!!!! Go to change.org and start a similar petition like Molly Katchpole did on Change.org. call it the “21.74” only this time we’re gonna find out who these lawyers are.

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avatar 594 Anonymous
avatar 595 Anonymous

I’m with you!!

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avatar 596 Anonymous

screw all your complaning, bank of america took over 5,000 in overdraft fees because i was a lazy dumb 25 year old that didnt care about overdrafting my account because i lived paycheck to paycheck and im only getting 20 bucks. oh well

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avatar 597 Anonymous

Not everybody was a dumb 25 year old who didnt care about overdrafting their account.

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avatar 598 Anonymous

We all are much wiser now. Next time we all know to OPT OUT.

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avatar 599 Anonymous

You couldn’t opt out prior to August of 2010. New legislation is what allows us, as a consumer, to actually have a choice in this process. Here is an article: http://www.federalreserve.gov/consumerinfo/wyntk_overdraft.htm

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avatar 600 Anonymous

Good for you Warren Buffet you P.O.S. bought into a bank of thieves just like yourself. Now you can’t die like Smoken Joe Frasier like a man. You die a cowards death want to borrow a fork your cooked.
adios amigo

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avatar 601 Anonymous

If i am not getting at least $ 1000, i have no need for $ 20, please don’t put your $20 in my account.

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avatar 602 Anonymous

If you got a post card and didn’t opt out, then you will be getting either a credit in your account or a check in the mail. Spend it wisely cause you don’t really have much of a choice anymore.

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avatar 603 Anonymous

Marty, check out the new petition at change.org under boa overdraft, thanx ashamed

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avatar 604 Anonymous

http://www.washingtonpost.com/national/judge-mulling-over-410-million-settlement-in-bank-of-america-overdraft-lawsuit/2011/11/07/gIQACKjZuM_story.html

There you have it written in stone: “the average customer in the case had $300 in overdraft fees, making them eligible for a $27 award”

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avatar 605 Anonymous

shaddup, please go to change.org see the new boa petition overdraft by falcon glyfman.

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avatar 606 Anonymous

Power to the people. You will all be geting some money soon.

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avatar 607 Anonymous

I have all my copies of all my over draft cards that they use to send the customers.

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avatar 608 Anonymous

Lawyers $132,000,000+ million, Customers $27.00… what a great legal system we have

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avatar 609 Anonymous

Ken it ain’t over yet, please go sign the new petition at change.org. boa overdraft, thanks, ashamed

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avatar 610 Anonymous

I have a great idea.. we should all take our settlement money.. withdrawal and close our accounts..go to the back of my yard, buy some beer and whiskey whie we watch BOA sink like the titanic. I think 13.2 million account closures would be the end of that bank.

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avatar 611 Anonymous

@ Joe; THAT is the best idea yet! ;)

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avatar 612 Anonymous

That was the whole point of the “Move your money” day Nov. 5. Not enough people did it. There is definitely strength in numbers.

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avatar 613 Anonymous

I moved my money years ago.

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avatar 614 Anonymous

Ro, please go read the new petition at change.org bank of america overdraft. thanx falcon (ashamed)

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avatar 615 Anonymous

They won the lotto and we just won a measly scratch off card….go figure

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avatar 616 Anonymous

shannon please go to change.org and sign the new petition for bank of america overdraft. thanz, falcon

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avatar 617 Anonymous

Your backyard would hold 13.2 million customers? Man, with that kind of acreage, sounds like you don’t need the 21.74 your gonna get from the settlement. Just sayin

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avatar 618 Anonymous

marty, there is a new petition at change.org bank of america overdraft. please sign and spread the word.

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avatar 619 Anonymous

please sign the new petiton joe, its at change.org under BOA overdraft.

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avatar 620 Anonymous

we got took for the big ride seems like.up the butt wit no lube.

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avatar 621 Anonymous

Jo, go to change.org and sign the new petition under falcon glyfman, thanx, spread the word, falcon

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avatar 622 Anonymous

Okay so we get $21 dollars which does not even cover 1 overdraft fee and i also was screwed by the bank on a few occasions…so those who dont want to cash the checks sign them over to me

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avatar 623 Anonymous

I have to agree with you Cathy. if everyone decides not to cash their checks(those of which won’t be automatically deposited into existing BoA accounts)..then who ends up with all the money? We’re talking about 27.00 x how many thousands of accountholders and former accountholders? Then the lawyers, BoA and whoever else, ends up winning yet again. Or it may end up going to some non-profit organization with which i have no problem,but how can we be sure? we can’t. Yes, I had an overdraft twice in the six years I had an active account. Yes, I was pissed and couldn’t believe this could possibly be legal, but obvioulsy it has continued, by all the comments on this page, so,when I recvd the Settlement Card did I really think I was going to get much? Hell no…this is Bank of America. So I’m with you cathy, I say cash it and take that and your existing accounts to a credit union. There may not be the convenience of an ATM on every corner like BoA. But who cares? I guess most important, try not to overdraft(most Credit Unions charge on 10-25 dollars)…i know ther are times when it is almost unavoidable through accounting mistakes, or overspending, but that is ones best bet.

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avatar 624 Anonymous

when are we going to see any money?

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avatar 625 Anonymous

lets start a petition

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avatar 626 Anonymous

Where do I sign?????????????????

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avatar 627 Anonymous

monica, got to change.org and sign the new petition under falcon glyfman, spread the word

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avatar 628 Anonymous

Yes let’s do it. We need someone to handle the wording. Perhaps we should get in touch with one another to get it started.

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avatar 629 Anonymous

yassir, go to change .org under falcon gpyfman is the new petition, also don’t cash your check!

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avatar 630 Anonymous

yassir, there is a new petition on change, under falcon glyfman. please sign and spread the word. word falcon

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avatar 631 Anonymous

from what i understand,a certain % of each overdraft you were charged.the comment of $78.00 was from another suit.

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avatar 632 Anonymous

hey sandy 11, you can go to change.org under falcon glyfman, bank of america overdraft, for the new petition, many people didnot get the message to opt out since they moved and are therefore still eligible to opt out. thanks falcon, spread the word

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avatar 633 Anonymous

I was going to suggest going to change.org when I found your comment. This lawsuit was not explained well and they knew very well that most would get screwed because of this…it’s not much different from the way the banksters, et al swindled so many with those shitty financial deals, CDS’s; derivatives, etc. That is part of the game; I for one will not take this lying down. I think that Ashamed’s idea is great and we should go ahead and do it!

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avatar 634 Anonymous

hey ro, you need to go to change.org under falcon glyfman for the new petition, many people didnot get the announcement to opt out because they moved and are therefore still eligible to opt out. thanks falcon, spread the word

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avatar 635 Anonymous

hey ro, you can go to change.org under falcon glyfman for the new petition, many people didnot get the message to opt out since they moved and are therefore still eligible to opt out. thanks falcon, spread the word

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avatar 636 Anonymous

From the story linked above.

“Customers will receive a minimum of 9 percent of the fees they paid through the settlement, Hutt added. The bank has already paid the money into an escrow account.”

Yes, if you had $300 in overdraft charges, you would only get $27. Many of us had much more than that in od charges. My only question is when will I see the money.

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avatar 637 Anonymous

I agree with majority of the comments. They didn’t supply how many people who was getting money on the supply or the percentages so we could do the math for ourselves. Of course the Lawyers are walking out happy and having a drink with CEO’s of BOA right now. 27$ doesn’t cover one bank fee and they took over $1K from me. I was with for years until I notice this scam they started to do. BOA is fraud of a bank!

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avatar 638 Anonymous

I agree, BOA ROBBED ME!!!!!!!

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avatar 639 Anonymous

“bank actually raked in $4.5 billion through the overdraft fees and was repaying less than 10 percent” This makes me sick

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avatar 640 Anonymous

This 21.00 or 22.00 dollers dosnt cover 1 overdraft fee. Each overdraft fe for me was $35.00 . I know I’d get screwed.

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avatar 641 Anonymous

Every one just relax you all will be geting money soon. its $390 dollars for every 35 dollar you where overdraft ok.

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avatar 642 Anonymous

Raul: Where do you get that amount from? Every article I’ve read has said something different.

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avatar 643 Anonymous

?? I don’t think you are reading the same information that we all have been reading..not nice to get people stirred up for nothing like this worthless lawsuit did……………………..be nice….

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avatar 644 Anonymous

Very true. The one thing I don’t understand is the judge said that it was a superb result for the customers. I would be happy if I am wrong about the amount.

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avatar 645 Anonymous

@ Raul
How did you come up with that # ? I’ve heard 9% of all fees charged. I’ve heard $21.74. I’ve heard anywhere from 9 to 45 cents on the dollar will be our share. So Really how did you come up with that figure?

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avatar 646 Anonymous

where did you get this from.IT’S 9%of what they took.$27.00 for every $300..00 ,that’s what I read.

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avatar 647 Anonymous

you got this ass backwards.35 for 390

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avatar 648 Anonymous

U.S. District Judge James Lawrence King approved the settlement, which will give account holders as much as 45 cents on the dollar on their claims, said Miami attorney Aaron Podhurst of Podhurst Orseck, co-lead counsel for the plaintiffs.

Read more: link

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avatar 649 Anonymous

##################################################

There is no petition under that name or BoA with this…..
Post a link to it

###################################################

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avatar 650 Anonymous

We really do not know how much each person will get back. It really is all based on how much a person paid in. The 9% is for those that payed money in for helping with the lawsuit. They will get that back in return. Not the customers. Go back and read it. Also today on Good Morning America it announce that each person would get back half of what we got charged. I am getting frustrated with people trying to figure out how much. It leads no where. I am impatient too and want to know…but all the speculation is tiring. Lets just see what happens. Its says in the settlement they have 30 days to get it in a form of a check if your no longer with BOA or they will put it automatically in your account if your still with them.

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avatar 651 Anonymous

t
There is no way they could pay back half of what each person got charged. They cheated more people than they have money. by the way, the still are cheating people with account fees at twenty five dollars a hit. and by the way. Do not try and cancel a direct debt over the phone. The one costs you over thirty dollars. I tried it when my Mom passed on and I took her comcast box back to the store. Canceled the over ten year service I had with them with no problem but for some reason BOA has a problem with needing money they do not deserve.

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avatar 652 Anonymous

IF THIS IS TRUE,WHERE’S THE MONEY.WANT TO CLOSE THIS ACCOUNT,AS SOON AS IT IN THERE.

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avatar 653 Anonymous

its not a simple question of balancing your checkbook. if you have 5 transactions and the last one goes over even 1.00, by stacking from largest to smallest you ensure the next 3 or 4 trigger a 35.00 fee, thereby causing your 1.00 oops to become a 140.00 profit for b of a . worse is when they allow a transaction to be approved even though it allows the account to go over avaiable funds. that will purposely start that domino effect. why are they approving debit card transactions if the money isnt there?

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avatar 654 Anonymous

The attorney’s fees and services aren’t worth the 123 million these attorney’s got from this suit. Especially if the customers walk away with what were getting. They didn’t have to charge 30% of 410 million. Even at 10% these attorneys would have been well off for their services. This is unethical! A line must be drawn! This goes way beyond what is a fair and reasonable price for services rendered. These attorneys can argue that its the going rate for a class action suit, but its still a ripoff.
Anyone can file a complaint on an attorney who’s practice of law appears to be unethical. Just locate the State Bar where they reside to file a complaint. 12.5 million complaints should get someone’s attention.

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avatar 655 Anonymous

i think there is 3 law firms involved in this lawsuit ,miami,atlanta,i am not sure whats last one

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avatar 656 Anonymous

New York. go to this page to see the firms/ lawyers involved.
http://www.bofaoverdraftsettlement.com/ContactInformation.aspx

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avatar 657 Anonymous

BoA(and most banks) will ALWAYS find a way. NSF practices, While I was just glad to hear they would change their practices about posting debits, I had a difference experience. i do not have overdraft protection, but I did opt-in on the overdraft setting, which means they will clear up to 300.00 on my account if i run short. it doesn’t happen , but just in case. Well, that case redently came up. Hwne i checked my account online, i noticed i had gone over by 200.00. I knew they would clear the check, but since it was my rent check I wanted to make sure. I called customer service spole to a representative and she told me I would be charged a $35.00 fee, but the check would process as PAID. I also noticed in the “STATUS” section of the debit it had a “C” as in cleared. i told the the rep that i happened to have 500.00 in cash on me,, but I had a staff meeting and would have to rush to an ATM to make the deposit before 2:00 She said “not to worry. the check will definielty clear”. Since overdrafts rarely happen on my account (maybe twice in 8 years). I was willing to take the 35.00 hit and make the deposit after 4:00. so as not to have to drive like a maniac to an ATM. What a mistake..the check bounced (even though the status 24 hours before had posted as “C”) and not only did I get hit with a fee, but I could have made the deposit and avoided the embarrassment of the returned check to my landlord. While I take FULL resposiblity for the accounting error, why would this rep tell me the check would clear, knowing that I could have brought my account back into the black and why would the STATUS show “C”? Like a consumer reporter said, ” BEWARE–Bank of America will always find a way to get their money”

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avatar 658 Anonymous

Chase Bank here I come!

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avatar 659 Anonymous

Do not do Chase ….they are just as big a theif as BOA.

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avatar 660 Anonymous

Try PNC bank instead. They got it together with customer service and they haven’t ever charged me 1 OD fee in two years.

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avatar 661 Anonymous

I never recieved a letter from BOA, about the overdraft suit!!!!!My life was devasted by the overdraft charges I recieved over the yrs, 2003 thru 2008. I knew what they were doing was wrong. But every phone call and visit I made. It was the same, ( this is the policies). I was a unheard voice back then. I missed a date I knew nothing about. Once again, BANK OF AMERICA owns me nothing. I had to stop banking and lost my home. Homeless and broke with poor credit.This is what happens to the DISABLE!!!!!! No means of catching up, as long as BANKS are able to control the funds!!!!!! DISABLE NOT STUPID!!!

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avatar 662 Anonymous

Does any one know if a widow will get any part of a settlement.

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avatar 663 Anonymous

I feel like a person who got totally abused by the Judge, the lawyers and most assuredly by B o A. It is painfully obvious that all three parties are complicit in this hoax of a settlement. Think about it, 4 or 5 billion dollars looted from our accounts, 410 million dollars to “settle the case, and 123 million dollars in compensation for the lawyers to bring the suit on the behalf of the people injured by B o A usury practices. Like Connie Joyner Boyette I have never overcome the ravages of the “overdraft fees.” They contributed the economic challenges that I continue to experience today. Shame on the Judge! Shame on Bank of America! Shame on the shysters masquerading as lawyers for the injured parties of B o A! Shame, shame, shame.

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avatar 664 Anonymous

Wow, this is unbelievable I paid over$300.00 in over draft fees. This is messed up that the true victimes here are only intitled to 20$’s this doesn’t even cover one over draft feef America charges $35.00 plus thier extened fees on top of everything. I feel this is wrong for us victimes. Man situations like this makes me want to become a lawyer, but I don’t know if I would be
able to sleep at night knowing the unjustice. Well, at least I can buy me a decent cofee at the coffee shop and maybe even a dounut. I guess know I’ve learned my lesson next lawsuit I hear about I will make sure to opt myself OUT!

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avatar 665 Anonymous

I just recently left B of A and just saw the report on the news about this action. I remember calling customer service and asking them about this very thing and told the rep it seemed like a scam for them to get more money from me in fees. He tried to reassure me that was not there intention!
In the end when my direct deposit went into my account I would withdraw it all out and pay by cash and have a little coffee can with my savings in it! Very sad to have to go to this extreme!
The bank I moved to seems to be better but I have lost all trust in the banking system with them all resembling used car salesmen just trying to Screw you the best they can. I still have my coffee can and every morning the first thing I do is log into my account to make sure the money I have in there is still there! America is becoming a sad, sad place!

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avatar 666 Anonymous

I’m at PNC bank and have the “Virtual Wallet” checking account. Been there for a couple years now ever since I left B of A and have had not one OD fee charged. I would have to recommend them to all who still are customers of B of A.

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avatar 667 Anonymous

anyone hear when,want to end with BoA.NO MONEY YET.

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avatar 668 Anonymous

If you look online at your account, go to account balance history, that will let you know if fees are going to be applied, it doesnt matter if stuff is pending and havent cleared if you are negaitve for the night they are going to charge you even if the pending stuff was in error or not, be careful they will screw you royally still to this day on fees…especially on stuff that is pending, doesnt matter if its in cleared status anymore with them….who cares bout the lawsuit they are still pulling in a lot of money only thing changed is they can only do 4 overdraft fees a day now instead of 10

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avatar 669 Anonymous

fishy,fishy,fishy
we are the cats and we took the bait
wishy,wishy,wishy
going after an empty plate

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avatar 670 Anonymous

even if the lawyers would took nothing we would have still been getting 31.oo per person. thats still not one overdraft fee who were they kidding.they dont deserve nothing at all. they favored the banks all the way.NOW THATS WHAT U CALL A LEGAL SCAM. RIGHT IN OUR FACES. WHO REALLY CARES ABOUT THE PEOPLE.

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avatar 671 Anonymous

I’m still waiting for my $20.00:-* does anyone know when they are going to pay us?

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avatar 672 Anonymous

Its gonna keep dragging out… they have to make sure nobody appeals (which hopefully somone does.) And then once everything is set it will take another month from there. I would like to also add that some of the money is going to a non-profit charity program due to the fact that they were unable to get some information for 3 of the years eligible for the suit. Also the attorneys we recieved the notice from was not working for us but boa. No attorney in their right mind is gonna settle if they know they can recieve more….just my opinion

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avatar 673 Anonymous

Where is my refund???

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avatar 674 Anonymous

Collecting interest in a Bank of America escrow account.

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avatar 675 Anonymous

It all comes out in the wash, does’nt it?! I remember when that first happened to me; I thought it was a law suit waiting to happen. Thank God it finally has finally been proved that what B or A has done is

w r o n g ! Now after the sharks/lawyers get their share (who really has suffered here) maybe the rest of us will see more than $1 added to our accounts! Maybe that is the next class action to be filed: Excessive fees that lawyers charge, along with excessive medical expenses!

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avatar 676 Anonymous

when to we get paid?

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avatar 677 Anonymous

How do these attornies sleep at night they sent all of the B of A customers post cards telling them that the settlement would get them 2,500 to 5,000 depending on how many accounts that you had with B of A . Now with the judges help they have managed to screw the customer twice with a settlement of 27.00 really, next time I would like the attornies to at least take the customer out for dinner and a movie, I really don’t like it to rough, I mean they just used sand to make it hurt even worse. I love the way they justified getting 135 million stating they spent hours going through accounts really you know all of that information was in a computer program, hit a button print a report really who are they kidding so now that I have paid B of A way more then 27.00 in fees I get the pleasure of paying for the attorney firms Christmas party!!

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avatar 678 Luke Landes

How do the attorneys sleep at night? Probably in very comfortable, expensive beds. :-)

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avatar 679 Anonymous

@ Flexo
LMAO! Sad, but true

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avatar 680 Anonymous

The judges got some of that money. I think they need to be investigated. i feel raped by boa, attorneys and judges.

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avatar 681 Anonymous

Has anyone thought about filing an appeal stating that the settlement is unfair that, when contacted, the lawyers for the class stated that the settlement would be fair for everyone involved. But now we are finding out that isnt so. Most of us will only receive a very very small portion of what they took. I personally called the lawyers BEFORE THE OPT OUT DATE CUT OFF and asked them about opting out and they stated to me that there was no need to do so since they were POSITIVE that everyone in the class would get about 25 to 30 percent of what was taken. I’ve already called my local lawyer regarding them mis representing and flat out lying to me…. has anyone else had this happen to them?

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avatar 682 Anonymous

BoA, youre not getting away with this. Paying $20 dollars?! I can’t wait to screw BoA next time I can. Speaker Magnets should work great on their ATMs people. Maybe send some yogurt up their little air tubes. Even if youve closed your account, call their call center anyways and tie up the lines. I love how they just “notify” us of these policy changes too. I didnt get to sign anything saying I “agreed” with any policy changes. Didnt see or sign the minimum balance fee, or the changes to my credit card fees, etc. Isnt there another lawsuit ready to go? Keep the lawsuits coming and one thing is for sure, you wont deceive us twice BoA. I hate BoA. I really hope they go dwn. Whats it feel like to be hated BoA? I hope no one from that bank crosses my path. That scene from the Grizzwold Family Christmas, with the CEO of BoA in his bosses place would be great. Man im pissed. If anyone even thinks about typing something about how we desserved it : go f$ck yourself and give me your $20. We got ripped off!!!!!

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avatar 683 Anonymous

New Lawsuit!! Hell yes! Lets make it big too. Shut those bastards down!!

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avatar 684 Anonymous

What kind of settlement is this? I lost more then $1000 within the ten year period, and now I am not getting not even one overdraft fee?…What kind of lawyers are these?, their taking millions home and we, the ones who were screwed are getting screw again, but not by the bank, but by the lawyers. I am not getting $20 dollars because that’s not nearly the amount I’ve lost, I am gonna try to get as much signatures to take this court my self and get what people really deserves!!!! This is the biggest rip off I have ever seen…For any comments, please write to [email protected]

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avatar 685 Anonymous

I was thinking the thing. I only lost about $100, but regardless of the amount the settlement is for $410 million dollars. There were 13.5 million people affected. Do the math, who the hell is getting all the money??? The lawyers are apparently getting $127 million, where is the rest of it going? This is bs if you ask me. I have not had any fees taken from my account in 2 years and now all of a sudden B of A is charging me for everything. I am not happy with the result of this.

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avatar 686 Anonymous

count me in any way you need to. we lost over 1,000 in this mess………………………..

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avatar 687 Anonymous

I agree with you and i will sign if you need me to. I have lost alot of money as well.

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avatar 688 Anonymous

They have nailed me for well over $200 in one incidence, Thanks to them changing the dates of transactions. Yes they are still doing it today. There has been no change. I will e-mail you also Rudy. ASAP
If you don’t figure the lawyers in the settlement it would be $31 for every person of the 13 million. Sop I guess if everyone was in my boat the settlement would need to be $3,185,000,000 and they claimed they needed money from the Obama administration. Then gave a bunch of people millions in bonuses for a supposed failing bank LOL. If my business was failing I’d fire everyone involved in the obvious scam they are pulling. BOA is the most untrusted bank in the USA. They have lost so many customers in the past few years. I like them otherwise, but the time I was overdrafted was because they printed right on my deposit slip thaty my funds would be available on a certain day and they weren’t. So my rent check that I wrote bounced along with 6 other transactions. when I confronted them at the bank they threatened to call the police. Did I mention this was in 10/08 a month after I was laid off. at the same time everyone was getting laid off.

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avatar 689 Anonymous

I also want to see that money go to the people, and I will sign something also. I’m so tired of seeing us “little” people getting screwed.

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avatar 690 Anonymous

I agree with you!! same thing with me paid over $800.00 in fees

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avatar 691 Anonymous
avatar 692 Anonymous

I agree with all the comments I have read,It comes down to Lawyers,this lawsuit was for them not the customers,what was the point,The judge should have just not even ruled in customers favor,should of just told lawyers here is your money…Doesn’t anybody work for the little people anymore,like they need that much money,makes you wonder if they were working for the bank!!!

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avatar 693 Anonymous

Yes, I would like to know as well, who is getting all the money? If the plan was to take majority of the settlement funds off the top and pay attorney fees, court fees,and give to nonprofit organizations, and only God knows who these nonprofit organizations really are? Why even inform us of the Class Action Settlement? Because you had too by law. But, it seems as though the initial plan from the door was too hoard up all the funds by individuals whom were not directly affected by the actions of Bank of America. There is a place for people who survives off of “greed” and it’s not jail!! Count me in Rudy!! It is time we stop “Big Business America” from taking advantage of the Amercan Citizens who really keep this country a float.

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avatar 694 Anonymous

Count me in, what these people have done to us is a crime and it keeps getting worse.

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avatar 695 Anonymous

Count me in to sigh I have lost out on alot here as well.

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avatar 696 Anonymous

was wondering who is getting the interest on the escrow account.

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avatar 697 Anonymous

NOW WE WAIT FOR ANOTHER DATE.SO THEY CAN DOT THE I’S AND X THE T’S OH AND WIPE THERE BUTTS WITH WHAT WE GET.

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avatar 698 Anonymous

people should take responsibility of thier finances instead of spending money they don’t have to begin with

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avatar 699 Anonymous

vincent it is important to not prove the ignorance that your peers may speculate. especially when just like everyone else in america (myself included) you yourself have serious issues with fingerpointing and accountability. i say that to say this. People did manage their own finances, but the bank stepped in and devised a system that would make the opprotunity for a fee to incur A LOT MORE PROBABLE!!!! hence the name of the technique, probability. now allow me to retort; if i may. what “people need to do” as you so eloquently stated: is not pay better attention to their money. too much attention is in that area already and as we all know “LOVE of money is the root of all evil.” what people NEED to do is stop telling other people what THEY NEED TO DO!!!! because last i checked you live in a land that prides its self on many things, most of them being selfish and materialistic, but that is just my opinion. one of those many things is individualism. meaning what you eat will not make me have a bathroom break. so please for the sake of everyone who would like to see a positive change, for the children, for the women, hell even for the money(why not) try keeping your negativity, fingerpointing, intolerant opinions to yourself, before you prove to the world what they already think of us as a country. thank you for your time.

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avatar 700 Anonymous

Amen!!!!!!!!!!!!!!!!!! I love how you think!!!!!!!!!!!!

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avatar 701 Anonymous
avatar 702 Anonymous

How can people ‘manage their money’ when BOA is practicing underhanded methodology in finance theory? They hold checks to conveniently trip your account up and then procede to screw you over any way they know and deem how (debit the LARGEST item first and take debits out immediately and post deposits later-much later). For you to say people deserve what they get for not managing better is not warranted. The issue at hand is NOT mismanagement of personal accounts, it is about Federal Regulations being bent and broken over consumers heads. Smarten up and know that if and when you end up broke and in the gutter; Bank of America will not lend you a hand, your fellow American will.

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avatar 703 Anonymous
avatar 704 Anonymous

They told me when the funds would be available and I have the deposit slip and my bank statement to prove it. You know it all butt-head, If you don’t have a problem what are you doing in here. Mind your own business or I’ll have B of A take your funds for being a buttinski

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avatar 705 Anonymous

ok so we all need to manage our money. I see what you are saying. However, that may not be the case for everyone. See one day I walked into boa in my town opened 3 checking accouts. 1 for myself, 1 for my husband who was going over seas, and 1 for paying bills. At that time I opened 3 childers savings accounts. Within the first 2 months I got at the least 4 bounced checks out of my bills account. However, I had over 1500$ in that account and only spent a little over 800$. Now please explain how that was my fault? By the time I closed all 6 accounts I ended up owing boa like 1000$ and I got letters for all 3 of my kids accounts saying they also owed boa over 30$ each. Them bastards stole the 100$ or so dollars from each of my kids and then sent them an over draft bill. So make sure you have your facts strait before you blast your half witted comments on the internet

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avatar 706 Anonymous

you are lying

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avatar 707 Anonymous

what the hell do you know,are you in it.if not stay out of it.we had to cash our checks,and put in cash.no direct deposit where my husband works.checks didn’t clear for 5 days.cost $3.00 at walmart.really crazy sometime it’s in there and sometimes it’s not.

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avatar 708 Anonymous

I have come to one or two conclusions about Mr. Vincent, either he has no banking account (money) or he is working for these rip off attorneys…LOL!!

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avatar 709 Anonymous

This is the type of world we live in. There seems to be no justice for business that rise at the demize of others. It is not a matter of spending money you do not have, but remember it was more that Bank of America way of doing business. The way they conducted their transactions affected many such as myself. I lost quite a bit from these fees. Now I use pre-paid debit cards to make sure that i do not incur these types of charges foregoing.

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avatar 710 Anonymous

Not that I in anyway condone B of A’s practice of rearranging charges (it’s important I start by saying this so I can cue people back to it when I get stupid responses) but B of A is like most businesses in America, the only obligation is to the share-holders. So when the gov’t passes legislation the bank finds fun and creative ways to suck every dime out of you and I.

We are all under the impression that America is the great utopian society where we all work together for the greater good. It’s just not true. B of A does not have your best interest in mind. And to be fair, they honestly don’t have too. Please keep reading. They are a business like every other business: here to make money. Now it is bad business to not take care of us, the consumers of their products. This is the joy of a free market. We can take our business to other banks who do.

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avatar 711 Anonymous

Just relax people you all geting money soon so dont worry cause then we are going to have a big celebration I will let you know when and where we start geting the money.

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avatar 712 Anonymous

how do you know,boa just charged me 8.95 just to keep it open.just want to get what i can get an close this f–king account.

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avatar 713 Anonymous

The only thing I advise you is to close your account with BOA so they get the feeling. “Power to the people.” Dont ever give up cause people always rule if they stay together look what happen in lybia.and egypt.

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avatar 714 Anonymous

Don’t close your account till the $.10 arrives or you’ll get nothing.

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avatar 715 Anonymous

I trust more a drug dealer before I trust a lawyer. Lawyers always have the advantage cause they are protected by the corrupt system.

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avatar 716 Anonymous

The Mafia probably has better rates and is definitely way more trustworthy than BoA! :)

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avatar 717 Anonymous

Bank of Amerika would use this tactic for overdraft on weekends:
Money in Bank $200 on Friday
Friday purchace at grocery store: $80
Friday purchase at gas station: $40
ATM withdrawal: $60 on Saturday, ATM receipt shows a positive BALANCE of $20 as of this Saturday withdrawal.
Automatic draft for my car insurance on Monday for $121.
Result, BOA charges $30 overdraft for each of the $80, $40 and $60 transactions even though the last transaction on Saturday showed a balance of $20.

The Bank of Amerika hits me for $90 of overdrafts because the “weekend” is all one “transaction day”

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avatar 718 Anonymous

shoot why are you paying so little, that would have been a $105 fee @ $35 per

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avatar 719 Anonymous

How about this one.

$1900 direct deposit bring current balance to $2100

wrote ten checks equalling $1852, all cleared by the following friday. ALL CLEARED. I made a copy of the history for my records as i always do, becasue of my mistrust of on-line anything.

Following Monday (2nd week after payday) showing a postive balance, Monday wrote another check, for the balance and $2.52 over MY FAULT BALANCED INCORRECTLY. AGAIN MY FAULT. what i expecgted was a $35 dollar overdraft fee.

The next wednesday reviewing account on online banking I was overdrawn by $800 dollars, becasue they then re-calculated and cleared all the checks and overdraw fees and the face value of the check.

All my checks had CLEARED, and the second week bank of america recalculated all the cleared checks and started bouncing checks at $35.00 . Immediately got on-line and opened the chat. person told me they could no longer review that particular screen from the previous week but they would however refund all the bounced check fees.

I really started watching my account, everyday, and what I found was with on-line banking recalculating checks happened all the time and one penny short would cause a land slide. Sometimse it would be longe than a week, it would depend on when the checks were cleared. A couple times after that the same thing happened and all the fees were not returned the person would say i cant see the screen but i will only return 6 fees of the 7 fees.

I stopped writting checks.

As for bank of america they have always been crooked, i remember my mother years back in a frenzy behind bank of america, yelling and screening through the house about bank of america this and bank of america that. I asked her about bank of america she is now 70 years of age and still says the same thing they are crooked.

My advice remove your money from the banks especially bank of america and join a credit union. bank of america was born in North Carolina, go back and read the real history of the state and you will begin to understand bank of america crooked, shaddy dealing is a part of the south, just like the southern kindness.

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avatar 720 Anonymous

ive got something to say about those who think they know what bofa is its a ripe off just like most banks are federual credit uoions are the way to go . i was a loyle customer my checks were direct deposet once a week by the time it was there all i had work for every week was gone most in overdraft fees bofa cost me alot you tell me to learn how to use my money i work hard every week and when i get my check at the bofa its already almost gone this law suit make since hold them responceable for there theft if you dont then next time it could be YOU

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avatar 721 Anonymous

It’s the way that they held and reordered the overdrafts that led to the problems. Typical SCUM business practice to screw the consumer!!

1 overdraft and they paid the bounce would be what an honest Bank would do and what most of us counted on. We all can get caught short and absolutely need to bounce something to not have a proble, they fed off of this problem.

The entire Banking industry needs to be further regulated against such blatant deceptive practices with stiff fines imposed and follow-ups.

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avatar 722 Anonymous

This happened to me once…

I made a purchase and then realized I overdrafted the account. I put money in to cover the purchase after but still got hit with the $35 overdraft fee. No problem, I made the mistake.

But

The $35 charge put my account back in the negative, and I received another fee. They would not reverse the 2nd charge. Moral of the story: goodbye BoA.

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avatar 723 Anonymous

I remember making a purchase for gasoline, to my surprise I pumped exactly what I had in my account for the purchase, but then I got a little post card in the mail fro BofA saying that my account was overdrawn in the amount of $1.00, they paid it and charged me $35.00. the reason that tmy account went over by $1.00 was becasue the merchant first authorized the $1.00 to make sure that the card was active, they actually place a hold on the $1.00 then when the actual purchase is sent through they remove the authorization. Bank of America refused to refund the $35.00 fee to me becasue they said that I should have had enough to cover the authorization, I had no idea that the card would have been authorized first aat that time. Such Crooks

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avatar 724 Anonymous

THIS A REPOST OF MY INITIAL POST. I MADE CLARIFIED A FEW OF MY THOUGHTS.

As a former employee and former customer of BofA I saw more than I care to share with how business was conducted. The bottom line is this, it takes money to attract more money. If you don’t have money, they don’t care about you. You don’t get the premium prices or discounts when it comes to any of their accounts, ranging from a simple checking account to their investment accounts.
I can remember when Bank of America (in the Charlotte Area) was NCNB (North Carolina National Bank) then after the merger in the late ’90′s and the move of headquarters to Charlotte, things gradually started to change. I was told once when I was charged the fee that you have to request the service to not allow your account to be over drafted. Why do I have to request that service? It’s a given, if I don’t have it, don’t run it. The response I was given is that each customer has a “over the limit threshold” the bank will allow them to reach before cutting off their spending and declining their transactions. NO! Wrong answer. So now I’m in the clear but when my next check deposits you eat it up and I have nothing left next week. ARE YOU SERIOUS? But this is the # 1 bank in the country? Ignorance is bliss and what you do not know does hurt you. If consumers knew about this and did something about it, BofA would be hurting, but since people don’t know and BofA has the financial resources to cover the truth, the cycle continues. I remember the days when it the money wasn’t in your account, your debit card was declined. Period. It was embarrassing but at least it saved you money. Even today they will still allow you to make a withdrawal from their ATM if you have nothing in your account, but now they will run this little message asking your permission to charge you the overdraft fee. What’s the difference, you are allowing a person to incur a debt. If I don’t have the money, why would you give me the money and charge me an outrageous fee for it. If that’s the case I might as well go to a pay day lender and pay 40% interest for a loan. Please know the attorneys that represented us didn’t have the customers in mind but themselves. Also know no matter what BofA or any bank says they are far from broke. Check the balance sheets, and start to educate yourselves on simple business.

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avatar 725 lynn

If I don’t have the money, why would you give me the money and charge me an outrageous fee for it.

To make more money, more money. Part of the stress of today’s lifestyle is constantly watching our backs. From people and corps that we are suppose to have a good relationship with.

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avatar 726 Anonymous

i once called bank of america regarding my overdraft charges and was told by a csr that answered my call that online banking was just a tool to go by andwas not an accurate up to date statement of my account. now hows that one

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avatar 727 Anonymous

i was told the same thing several times

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avatar 728 Anonymous

I was told the same thing. I told them I never agreed to any kind of loan to pay for anything i didn’t have the money for so why were they approving the transactions. That’s when they finally told me I could opt out of overdraft. I have only paid one overdraft fee in two years since then.

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avatar 729 Anonymous

They never told me about that and still would allow me to overdraft

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avatar 730 Anonymous

but they tell you to look at balance history which is like a ledger.,…damn some transactions are cleared on my account but according to that it is still processing and has been for weeks….dont get it..they have more excuses and cannot fully explain anything and they wonder why people are pissed!!! Bet if it was their money it would be a different story!!!!

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avatar 731 Anonymous

Well put. I remember when they declined purchases if you didn’t have enough, Basically they are a loan shark and they are charging a illegal % on the loan. maybe we all need to take them to court for their loan %’s being way higher than the legal amount.screw the lawyers if 12.3 million people show up at court. What would the judge think.

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avatar 732 Anonymous

A mgr. @ BoA suggested to me (esp. for wknd use) to withdraw $300 in cash. This to be used for gas, groceries, etc. Instead of using my card and possibly incurring multiple fees; get the cash and pay $35 once (just be sure to cover yourself for any outstanding checks, auto bills to be paid, etc.)

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avatar 733 Anonymous

Take your money out.Put it on a hometown bank,a smaller bank,Stop paying for the CEO cars and houses, they us more then we need them,shut them down,We are Americans we don’t have put up with it.

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avatar 734 Anonymous

I have been taken for over $2000. Now they are saying I will only receive less than one over draft.
why don’t we go after BoA and the lawyers for miss-represention in the law suite.The Bank has settled but the money will not reach us.It’s our money not the dam lawyers.

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avatar 735 Anonymous

Why was this put through the legal process and hard work just to give nothing to the customer who was affected? I was expecting a reasonable payout because I too was charged $1000 within 2 years. No wonder many customers are switching from banks like Bank of America to credit unions and occupying city centers! I’m seriously considering switching to a local credit union.

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avatar 736 Anonymous

I am a little confused about wat we will receive yes I’ve done the math but is it true and why would they lie about wat u r gonna get

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avatar 737 Anonymous

Trust me if you get $10 concider yourself lucky. I lost a few hundred and I had written it off long ago. I never thought it would get this far.

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avatar 738 Anonymous

Bofa represents corporate thieves. What would you call lawyers, greeds?. I see a cartoon that has me and you on the ground, being trampled on as lawyers and bofa slug it out. We need to rise and take this fight up by ourselves. No one else would do us good.

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avatar 739 Anonymous

I tried to FAX my papers at Kinko but it won’t go thru on the page they emailed me the number is the same as the customer service number wat am I doing wrong

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avatar 740 Anonymous

NOT ONLY IS THE BANKING SYSTEM OUT OF CONTROL,BUT THE HOUSING MARKET IS CORRUPT AS WELL.HOW CAN A BUILDER BUILD A HOUSE FOR ABOUT $50 TO $75 THOUSAND DOLLARS,SELL IT TO A FINANCIAL INSTITUTION FOR $150 THOUSAND,AND THEN THEY SELL IT TO US AFTER ALL PAYMENTS HAVE BEEN MADE COMES TO ABOUT $400 TO $450 THOUSAND DOLLARS.THIS IS NOT THE AMERICAN DREAM,THIS IS A NIGHTMARE.THIS CANNOT CONTINUE.

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avatar 741 Anonymous

That is because the Government has failed us and I am not talking about President Obama’s adminstation. They’ve allowed “Corporate Amerca” to do whatever they wanted to do in the past and this has been going on long before he got in, It has progressed to a place where it is so out of control and may take longtime to correct. This mess was not created in four years or overnite, it has been stewing for a very along time and it is finally at it’s boiling point!!!

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avatar 742 Anonymous

cynthia,you hit the nail on the head.where are all our jobs,push them out of the U.S.They need to reverse what they did,taxes,so they will come back.

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avatar 743 Anonymous

Open a credit union account cause the banks dont like the credit union they been trying to get rid of them for many years but havent been able to.

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avatar 744 Anonymous

Does that remind you of the movie ” It’s a Wonderful life “?

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avatar 745 Anonymous

I was an employee at BOFA for ten years, I occured many overdraft fees an the fact that we only going to receive so liitle is mindblowing these crooks get away with so much but hopefully everyone paying attention to them please close all accounts with these bloodsuckers!

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avatar 746 Anonymous

If you close your account, You won’t do anything but give the blood sucking lawyers more money, as they will just keep your portion.

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avatar 747 Anonymous

I really hope we get more than just 1 overdraft fee. I was laid off last year. At that point I was living week to week on unemployment. I figured I would use my debit card for groceries and necessities and write a check for the mortgage to only receive one NSF fee and replace it with my next check. Because of their “book keeping” they kept my debits pending for FIVE DAYS until my mortgage posted. Then posted the remaining debits. I ended up with 7 NSF fees at $35 a pop. Because I only planned on replacing the remaining mortgage payment I was then forced to keep overdrawing. I ended up paying over $6k in NSF fees last year by the time I caught up. BOA refunded $240 of those fees. I even went into the bank and talked to a manager and explained that I shouldn’t receive NSF fees for my debits because I HAD MONEY IN THE BANK AT THAT TIME!! I asked them to show me on paper their policy where it says they have to post biggest to smallest. They couldn’t. Had I known I could sue on my own I would have…

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avatar 748 Anonymous

You won’t get half a fee returned there isn’t near enough money for that.

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avatar 749 Anonymous

When are we going to appeal??

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avatar 750 Anonymous

When you find out, will you please let me know?

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avatar 751 Anonymous

This lawsuit is very crazy. I do not think that the bank of america customers should suffer. I have been a Bank of America customer since the bank was named NCNB, then the name went to NationsBank,and then I think Bank of America? I have lost over $1000 in a ten year period. I am not rich I had just graduated from college in 2000, and most of the fees that I had paid put me in the negative, and with no money for anything. I think that I should get all if not most of the overdraft fees I paid instead of switching to another bank, which I really wanted to do during all of this mess. I don’t think the attorneys should get the bulk of the suit. All of the money that Bank of America pocketed over this 10 year period, they made interest on this money and profited from this which made them one of the biggest banks around. This money that they pocketed belonged to the customers, which if they had not made the mistake of putting their money in there, Bank of America would not be where they are today. And now we the customers have to wait longer to see if there is an appeal? What kind of suit is this? It seems like this lawsuit favors only the lawyers and not the customers. Put the money in the customers hands, which were wrongly taken advantage of, and forget all of the hungry attorneys out there, and also for the customers that Bank of America cannot locate-this portion of the money should not be donated to charity-they do not need a tax deduction or tax write-off for misappriated money.

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avatar 752 Anonymous

If you want your full refund then you need a time machine to go back to before the scumbag lawyers decided to take our money. Then hire a lawyer at a rate of $350 an hour or more. see if you make out that way. I’m pissed too, trust me. But once the lawyers filed suit that it unless you opted out then you have a chance to get something. In a private suit, I’ll bet the lawyers fees take it all plus.
A class action suit isn’t to get our money back its to make the bank mpay for their mistake. Did I mention BofA is still at it. still rearranging charges to their benefit.

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avatar 753 Anonymous

Has anyone wondered about these lawyers and who they are? I ask because, having a suspicious nature, I called a few of them. Unless I’m mistaken, one of them in
Ft Lauderdale/Miami, I believe, has an office in a Bank of America building. Interesting coincidence.
Supposin’ BofA concocted this whole lawsuit, knowing the sh_t was gonna hit the fan, just to placate us. It has all the makings of a brilliant intrigue….any novelists out there?
The majority of us, still w/BOA, supposedly waived our rights to take boa back to court
for any overdrafts by staying in this lawsuit. So they covered themselves there. I think this was somewhat of a real class action lawsuit but with BoA masterminding the whole thing..

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