Some Bank of America clients are getting letters in the mail.
Those letters state a $410 million agreement has been reached in a class action lawsuit regarding overdraft fees.
If the financial institution charged you regarding debit card use between January 1, 2001 and May 24, 2011, you may be entitled to some of the settlement.
Bank of America says their customers do not have to do anything to get the money.
Once the court approves the settlement, the people that are eligible will receive a check if their fees were “a result of the bank’s former practice of posting debit card transactions from highest to lowest in dollar amount.”
For more information, check out www.bofaoverdraftsettlement.com or call 1-800-372-2390