What is the story on Bank of America going to court for overdraft fee's?

Question

They are suppose to go to court in November to reimburse account holders for overdraft at the ATM and money withdrawal.Do any one know the story on that issue?

ms. · Accepted Answer

~the only news on the web i could find concerning the overdraft fee class action law suit was:

http://www.ourbusinessnews.com/bank-of-america-starts-overdraft-rebate-outreach

~and if you are a ripped-off shareholder of BofA stock there is a settlement coming:

http://www.marketwatch.com/story/robbins-geller-rudman-dowd-llp-files-class-action-suit-against-bank-of-america-corporation-2011-09-23

hope this helps, and if you are owed money i hope you get every dime.

pax et bonum Apostle Jack~

added: ok, and just after i went to log off my computer, i noticed this about BofA now:

http://finance.yahoo.com/news/Bank-of-America-to-charge-5-apf-1381425092.html?x=0

looks like they're gonna up the ante and charge their customers just for simply HAVING a debit card...ugh.

Godsproblemchild · Answer

I don't know all the details on that one but, banks have been known to do what ever they can to cause accounts to overdraft. Inaccurate balances debits before deposits what ever the real bank robbers are on the inside.

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What is the story on Bank of America going to court for overdraft fee's?

2 Answers