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Bank of America Class Action Settlement 2026 — Junk Fees, Data Breach & Overdraft Claims

Last Updated: April 2026

Bank of America, one of the largest banks in the United States, has faced major regulatory penalties and class action settlements in recent years. From the CFPB's landmark $250 million enforcement action over systematically overcharging customers, to Zelle fraud reimbursement disputes, to unauthorized account openings — millions of BofA customers may be owed settlement money right now.

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CFPB $250 Million Settlement — Junk Fees and Denied Rewards

In 2023, the Consumer Financial Protection Bureau ordered Bank of America to pay $250 million in penalties and restitution after finding the bank illegally charged customers duplicate nonsufficient fund (NSF) fees — charging the same declined transaction multiple times — and systematically withheld credit card rewards that customers had earned and were promised. The CFPB found BofA also opened accounts and credit cards for customers without their consent, generating fees for products they never requested. Affected customers who were charged these duplicate fees or denied promised cash-back and rewards between 2012 and 2022 are entitled to restitution. Some customers are being automatically compensated; others may need to file a claim through the settlement process.

Overdraft Fee Class Actions

Bank of America has faced multiple class action lawsuits over the way it sequenced debit card transactions to maximize overdraft fees — processing large transactions first to drain account balances faster, triggering more overdraft fees on smaller subsequent charges. This practice, sometimes called "high-to-low reordering," was the subject of a multi-bank MDL litigation. BofA has also been sued over charging overdraft fees on transactions that were authorized when the account had sufficient funds but cleared later after the balance dropped. If you were charged unexpected overdraft fees on your BofA checking account in recent years, check the settlement cards above for active overdraft fee class actions.

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Bank of America Zelle Fraud and Data Breach Claims

Bank of America and other major banks have faced regulatory pressure and class action litigation over failures to adequately reimburse customers who lost money to Zelle payment fraud. Scammers have used Zelle to steal billions from consumers, and critics argue banks like BofA have not done enough to detect and reverse fraudulent transfers. Separately, BofA has faced data security lawsuits following a 2023 data breach at a third-party servicer, Infosys McCamish, which exposed customer financial information. If you suffered Zelle fraud losses or received a BofA data breach notification, check the settlement cards above for currently open claims.

How to File a Bank of America Settlement Claim

Bank of America settlement claims follow the standard class action process. Confirm that you held a BofA account during the class period and experienced the specific issue described in the settlement (overdraft fees, denied rewards, unauthorized account, etc.). Most BofA settlements require only your account information and dates — no complex documentation. SettlementRadar links directly to official claim forms for all active Bank of America settlements. Never file through a third-party site that charges fees, as the official claim process is always free.

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Frequently Asked Questions

If you had a Bank of America checking account between 2010 and 2022 and were charged overdraft fees — especially on transactions that were authorized when your balance was positive — you may have been affected by deceptive fee practices at issue in multiple class actions. Check the settlement cards above for currently open BofA overdraft fee claims.
The CFPB found BofA systematically withheld credit card sign-up bonuses and cash-back rewards from customers between 2012 and 2022. Some customers are receiving automatic reimbursements; others must file a claim. Check each settlement card above for the specific process and whether your account period qualifies.
In 2023, the CFPB ordered Bank of America to pay $90 million in penalties plus $160 million in customer restitution. The violations included: charging duplicate NSF fees (two fees for the same declined transaction), withholding earned credit card rewards, and opening accounts without customer authorization. Affected customers are entitled to refunds for improperly charged fees and denied rewards.
Bank of America faces ongoing class action litigation in multiple categories including overdraft fees, Zelle fraud, data breach claims, and credit card practices. Check the settlement cards above for currently open claims with active filing deadlines. Subscribe to free email alerts to be notified when new BofA settlements become available.

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