Chimicles Schwartz Kriner & Donaldson-Smith LLP (CSK&D) is investigating a potential class action lawsuit against Bank of America for allegedly switching customers’ account types without providing notice or obtaining customers’ prior authorization to do so. Customers have complained that Bank of America changed the type of accounts that they maintained with the bank to different account types that charged monthly fees under certain circumstances, and that Bank of America neither obtained their consent to do so nor informed them in advance that it was changing their accounts. Such accounts include but are not limited to “Regular Checking,” “Adv Tierd Interest Chkg” (or “Advanced Tiered Interest Checking”), and “BofA Interest Checking” (or “Bank of America Interest Checking”).
In doing so, Bank of America may have violated state and federal law. If you or someone you know maintains or has previously maintained an account with Bank of America and experienced similar unauthorized account switching or fees, please contact the lawyers listed below for a free consultation.