Bank of America Settlement: How to Qualify for a $21 Million Payout
Hidden Fees? Bank of America Customers May Be Eligible for a One-Time Cash Distribution
According to TheSuns, Bank of America customers, listen up! You may be eligible for a one-time cash distribution from a recent settlement worth $21 million. The financial institution was accused of charging hidden fees on incoming wire transfers, and as a result, the company has agreed to settle the claims. This means that certain customers who meet specific criteria could receive a payout from the multi-million-dollar pot.
To qualify, you must have been a current or former Bank of America customer with a checking or savings account. The account must have been charged specific wire transfer fees between March 8, 2019, and August 31, 2023. Don’t worry about proof or verification – simply meeting the eligibility criteria will make you eligible for a share of the settlement. No claim form filing is required, as those who were charged the fees will be automatically assessed and notified.
Bank of America Settlement: Claim Your $21 Million Payout for Hidden Wire Transfer Fees (PHOTO: GOOGLE)
Bank of America Customers: Get Ready for a Wire Transfer Fee Payout – Find Out When You’ll Receive Your Share
Eligible customers will receive a share of the settlement pot depending on the amount they paid in wire transfer fees during the specified period. The payment amounts will vary, but current Bank of America customers will receive their funds directly credited to their accounts, while former customers will receive a mailed check. While it’s unclear exactly when the money will be disbursed, a final hearing for the case is set for October 21, 2024. So, if you’re a Bank of America customer who was charged those pesky wire transfer fees, keep an eye out for your payout!
