Published
September 22, 2024
Updated
July 26, 2026
The court granted final approval. Eligible class members did not need to file claims and were scheduled for automatic account credits or checks.
Current Status
The court granted final approval. Eligible class members did not need to file claims and were scheduled for automatic account credits or checks.StatusFinal Approval Granted · Automatic BenefitsSee the current-status update above.
Claim DeadlineNo claim requiredThe claims or election period is closed.
Settlement Fund$21 millionDeductions and allocation terms apply.
Potential BenefitPro rata account credit or checkEligibility and allocation rules apply.
What Happened?
The lawsuit alleged that Bank of America improperly charged certain incoming wire-transfer fees on consumer deposit accounts. The bank denied wrongdoing and agreed to settle.Who Was Covered?
The class covered qualifying consumer checking or savings account holders assessed and not refunded certain incoming wire-transfer fees from March 8, 2019 through August 31, 2023.What Benefits Were Available?
Current account holders were scheduled to receive pro rata account credits, while former account holders were scheduled to receive checks from the net settlement fund.How Claims Were Filed
Claims had to be submitted by No claim required. Payments were later mailed or released electronically in August 2025.Official information is available at BANA Wire Transfer Fee Settlement.
Important Dates
• Final approval granted: May 7, 2025• Claim deadline: No claim required
• Checks mailed: August 13, 2025
• Digital payments released: August 15, 2025
Settlement Fund and Legal Fees
Notice, administration, legal fees, expenses, benefit payments, and other court-approved deductions are governed by the settlement documents and orders. These amounts can affect individual benefits.Case Information
Aseltine v. Bank of America, N.A., Case No. 3:23-cv-00235-MOC-WCM, in U.S. District Court for the Western District of North Carolina.Official Website: BANA Wire Transfer Fee Settlement
Sources
• Official settlement or court information: BANA Wire Transfer Fee SettlementFor more class actions keep scrolling below.
Settlement Fund
$21 million
Case Title
Aseltine v. Bank of America, N.A.
Case Number
3:23-cv-00235-MOC-WCM
Court
U.S. District Court for the Western District of North Carolina
Claim Deadline
No claim required
Status
Final Approval Granted · Automatic Benefits
Official Website
BANA Wire Transfer Fee Settlement
