If you incurred one or more $35 extended overdrawn balance charges in connection with your Bank of America consumer checking account, between February 25, 2014, and December 30, 2017, you may be entitled to benefits from a class action settlement. A settlement has been reached in a class action lawsuit challenging extended overdrawn balance charges (“EOBCs”) as allegedly violating the National Bank Act’s usury limit. Current and former holders of Bank of America consumer checking accounts who incurred EOBCs may be eligible for a cash payment, account credit, or a reduction of outstanding debt owed to Bank of America.
