Here is a pathetic settlement check (four dollars and change) for a Bank of America overdraft victim who paid hundreds in unfair overdraft fees:
PWL – 9/14/2011
**I am not representing clients in overdraft litigation- this post is for general informational purposes only**
BOSTON – If you had a BANK OF AMERICA personal checking account with debit card from Jan 1, 2001 – May 24, 2011, and had one or more overdraft fees as a result of BOA’s practice of manipulating the order of transactions from highest to lowest dollar amount to trigger overdraft fees, you should have been included as a member of the class. If you have not yet received a card in the mail notifying you of the settlement, there may be a problem.
To find out if you are entitled to receive money from the Bank of America overdraft fee settlement, you should call the Florida law firm of Grossman Roth at 888-296-1681 and ask for Katie. She will be able to tell you if you are a member of the class or not. Unfortunately, if you are not, it is too late at this point to add you to that action.
To determine the amount of your financial loss due to Bank of America’s highest-to-lowest transaction processing scheme, you may want to obtain your bank records. According to Bank of America: a) you can obtain copies of previous bank statements over the phone; b) there is a fee of $5.00 per monthly statement; c) it will take 8 – 10 business days; d) if you have online banking you can go through the last 18 months of history (but not further back) and print that information for free.
This is what the postcard notice about the Bank of America Overdraft Fee Class Action lawsuit looks like: