"Bank of America 2024 Settlement: Eligibility, Amount, and Application Details"

Bank of America has been ordered to pay over $250 million in penalties and refunds to customers for unlawful practices, including opening unauthorized accounts, withholding credit card bonuses, and double-charging NSF fees. The settlement includes $100 million in customer payments and $150 million in civil fines. A separate $8 million class-action settlement was also reached for misleading ACH transfer fees. Impacted customers can apply for refunds by submitting necessary documentation in court.