In January 2009, we wrote about a settlement reached with Bank of America called Closson et.al., v. Bank of America. The settlement resolved a class action lawsuit filed over overdraft fees. According to the lawsuit, Bank of America engaged in practices which caused customers to overdraw their accounts more frequently. The bank settled the lawsuit for $35 million with an estimated payout of $78 per account.
As we explained in the original article, to claim the settlement, eligible customers needed to file online or mail in a claim form.
Nearly three years later I received my check and it was a nice surprise- $98.16. If you filed for the settlement award then look for a check in your mailbox over the next week.
For those of you who have questions about the settlement or haven't received your check, you can visit the settlement site for more information.
Comments
Kayla
November 30, 2012
I just recieved my check for $30.92. No one will cash it and you can't even talk to anyone one the number to call. They owe me over $800!! This is crap!
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Nancy M. Jones
November 30, 2012
I just would like to know if there is a list of the people that got checks in the mail, and if so, can it be checked for my name? I am pretty sure that i should have or will get one but so far nothing ! Can you help ?
Is this review helpful? Yes:1 / No: 0
Nikki
November 30, 2012
Got my check about 3 weeks ago. there are no US Banks in my area and based on stuff I read here (thanks guys!) I wasn't sure where to go to cash it. I called BOA and they told me they would cash it. So, I went to BOA and they did cash it. They tried to tell me there was a fee involved because I was no longer a customer but in the end they said "No, there is no fee." That would have been ironic-charging a fee to cash a check that was given to someone because of fees...anyway, I am not complaining-it was more money then i had to start with so thanks BOA!!! :)
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ron2hot
December 01, 2012
Still waiting for my big check.
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Tony
December 02, 2012
I just received my 'postcard' check for $31.86. I thought it was a sick joke.. especially since in the year 2008 alone BofA charged me over $1,100 in Overdraft fees!
I just wrote a nasty letter to RUST CONSULTING, INC. (the lawyers) because they got millions and left the people who deserve the money in the cold!
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Tony
December 02, 2012
If anyone wants to write a complaint letter see below info:
contact the Settlement Administrator by calling 1-800-372-2390 or writing to Checking Account Overdraft Litigation, c/o Rust Consulting, Inc., P.O. Box 2505, Faribault, MN 55021-9505
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pablo gusman ortiz
December 03, 2012
wow i received a check for 9,000000000000000000 wow
Is this review helpful? Yes:0 / No: 0
cathy
December 03, 2012
total bs and way underpayment for what they stole from me.....$8.85.....gee...merry christmas eh?
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Sarah
December 03, 2012
I'm opening a facebook group so that people who were in this settlement can chat and talk about the fairness of this settlement. You can find the group by searching facebook for "BOA Settlement Scam".... also, make your comments about our precious lawyers who were so grateful to be on our side helping us! Yeah helping us to put money in their pockets!
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Steph
December 04, 2012
I got one for $2.55 and I laughed all the way to the bank...still laughing!
Is this review helpful? Yes:3 / No: 0
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