$21M Settlement for Hidden Bank of America Wire Transfer Fees
Paid wire transfer fees with Bank of America? Claim your share of a $21M settlement now!
Consumers who paid wire transfer fees may benefit from a $21 million settlement with Bank of America, addressing claims that the bank’s fees violated account agreements.
The settlement benefits individuals with Bank of America consumer checking or savings accounts who were charged specific wire transfer fees on incoming payments between March 8, 2019, and August 31, 2023.
The class action lawsuit alleges that Bank of America violated its account agreements by charging a hidden $15 fee on incoming wire transfers. It claims the bank intentionally obscured these fees to profit from unsuspecting account holders without their consent or notice.
Bank of America, a nationwide bank and lender, has not admitted any wrongdoing but agreed to the $21 million settlement to resolve the lawsuit.
Under the settlement terms, class members will receive a proportional share of the settlement fund based on the wire transfer fees they paid. Current account holders will receive their share as a credit to their Bank of America accounts, while those without an active account will receive their payment via a mailed…
