Bank of America and others Fees Class Action Lawsuit Settlement

Monday, 19 January 2009 21:33

We're sorry! This settlement is CLOSED!

No more submissions are allowed.

Please join the Top Class Actions Newsletter

list so you don't miss out next time and head

over to the OPEN SETTLEMENTS section

to see what's available!

Award (how much your claim may be worth): $78

Case(s): Closson v. Bank of America Case No. CGC 04436877

Company(ies): Bank of America, Fleet Bank N.A., LaSalle Bank N.A., LaSalle Bank Midwest N.A., United States Trust Company N.A.

Website Link to access the Class Action Lawsuit Settlement and get YOUR Stake (PREFERRED METHOD): Settlement Administrator Website

Address of Class Counsel to submit a claim form (NOT REQUIRED):

Bank of America Settlement Administrator

P.O. Box 9339

Minneapolis, MN 55440-9339.

Phone Number to call for assistance: 1-877-625-9405

Details: Super easy settlement to submit your claim for. If you had a debit card from Bank of America or one of the banks listed above, and paid an Insufficient Funds fee or charge, Overdraft fee or charge, Returned Item fee or charge, or other similar fee or charge within five days of using an ATM or your debit card to buy something within the "Purchased From" dates below this settlement is for YOU! If you were charged an Over Limit fee or charge because of a debit charge which occurred sometime during your statement period you're included in this class action lawsuit settlement as well. It's a cash settlement of $78 per claimant. We know it's less than many were hoping for, but it's free money, so why NOT make your claim? Just hit the Settlement Administrator website, click on "Submit a claim online" on the left, read the terms and conditions and click on continue. Next you have to enter in all of your contact information and include your bank account number which had the fee(s) assessed to it. The form states you can include the address of the account holder instead of the account number, but it's locked and won't accept enough characters to enter in most addresses (it wouldn't fit ours by way of a test.) Click Continue, read through the terms and conditions, enter in the text verification characters and click on SUBMIT! That's it! How easy was that? Any questions? Just give the settlement administrators a call for help.

Purchased From:

Bank of America cardholders: December, 6th, 2000 - December 31st, 2007

Fleet Bank cardholders: April 1, 2004 - December 31, 2007

LaSalle Bank / LaSalle Bank Midwest cardholders: October 1, 2007 - December 31, 2007

U.S. Trust Company Cardholders: July 1, 2007 - December 31, 2007

Claims Accepted Until (YOU MUST SUBMIT YOUR CLAIM BY THIS DATE!): Postmarked OR submitted electronically by 5/1/09

Class Action Lawsuit Settlement Amount(s): $35,000,000 minus $8,125,000 in attorney fees minus $10,000 in the lead plaintiff reward minus $2,500,000 in administrative costs (advertising the notice, settlement administrator expenses, etc.) = $24,365,000 to be distributed to class members. Anything left over will be going to four different non-profit organizations, to be named at a later date.

Settlement Administrator: Rust Consulting

TCA Staff Tidbit: This is the first bank fee settlement that many people have been waiting for. Unfortunately it's a small one. I know paid for then $78 in fees to B of A over the course of 15 + years as a customer, but some money is ALWAYS better then NO moolah. I think it's great they made it an EASY claim. I submitted my claim already, and hope if you qualify you do to! As we list above, it's fast, easy and shouldn't take longer than 2 minutes to submit your claim online. Interestingly, they include the caveat in the settlement agreement that the organizations getting any left over funds CANNOT be ones that encourage the pursuit of litigation against financial institutions. Seems like a "Duh" moment to me, but I guess it needs to be included to cover B of A's Heine. That would be a big bummer (understatement) to spend $35 million and have a charity that gets a portion of it come back and sue you a few years later. Wouldn't that be bad karma? Is there bad karma in the lawsuit biz? Hmmm. Things to ponder. Anyway, as we stated, check it out. Make your claim,get $78 back.

There are always people trying to scam you out of your hard earned money on the internet. DON'T BE FOOLED! Class Action Settlements are the only way to get money back for doing little more than submitting a form. It won't make you rich, but, you WILL get money as long as you're a legitimate claimant. It may take months or years but that's the great thing about class action lawsuit settlements. They're surprises you receive in the mail. By the time you get your check you probably already forgot about the claim and BLAM-O! There's a check in the mail from a class action lawsuit settlement you submitted a claim for eight months before. How about that? Stay with Top Class Actions, submit your claims, and you'll likely receive a consistent stream of checks every month or two over the next few years. What other website can tell you THAT? We won't charge you a dime to view the settlements or submit your claims. EVER! Count on us to tell you how to get YOUR piece of the pie.

Last Updated on Thursday, 27 December 2012 11:09