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prodigitalson

(3,086 posts)
14. I once received 100 dollars as part of a class action lawsuit against BoA
Thu Jul 11, 2024, 12:08 PM
Jul 2024

that I hadn't even known I was a party in. They were apparantly running checks through people's accounts in such a way as to maximize overdraft penalties. I think the amount I received was the overdraft fees plus some interest. I left BoA for my credit union way before I got the check from the lawyers. The reason was that they had so many fees for all kinds of stuff. What I didn't know was that they were purposefully manipulating things so as to maximize overdraft fees on checks. Let's say three checks came in to the bank on the same day for (50, 30 and 35 dollars) and there were 75 dollars in the account. Instead of running the two smaller ones trough first and then applying an overdraft fee to the third one, they would run 50 dollar one first so as to apply two overdraft fees. And it wasn't as if they were just running them through randomly. They were going out of their way to cause the most overdrafts.

Recommendations

1 members have recommended this reply (displayed in chronological order):

Fifth Third? Would that be 1 2/3? 166 percent? Where is the Fourth Second? Bernardo de La Paz Jul 2024 #1
there's one near me Conjuay Jul 2024 #3
They Bought Out Suntrust Bank Here In NC Years Ago. GB_RN Jul 2024 #4
Changing the name didn't help LOL. Booze was the first thing I thought of. LeftInTX Jul 2024 #16
Never heard of them either. Even the name sounds like a scam. LeftInTX Jul 2024 #15
Longtime Cincinnati Bank. maxsolomon Jul 2024 #19
Wells Fargo wannabe's Renew Deal Jul 2024 #2
That exactly right - I can't believe they still do these weaselly things FakeNoose Jul 2024 #9
I'm a customer of Fifth Third. multigraincracker Jul 2024 #5
Camping World does this Puppyjive Jul 2024 #6
Sounds like jail time is deserved tonekat Jul 2024 #7
Where is the concept of the victims being made whole? Johnny2X2X Jul 2024 #8
I'm waiting on a $6K refund check now from Wells Fargo Bayard Jul 2024 #11
their internal auditors probably did find it...after a judge ordered them to go find all such cases prodigitalson Jul 2024 #13
I once received 100 dollars as part of a class action lawsuit against BoA prodigitalson Jul 2024 #14
Hey, you got a good deal. Usually it's $1 LeftInTX Jul 2024 #17
yeah, I was stunned prodigitalson Jul 2024 #18
If a person gets caught stealing from the bank, they go to jail. surrealAmerican Jul 2024 #10
Why Elections Matter, vol. DCCVVVII BaronChocula Jul 2024 #12
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