# Bank of America Agrees to $2 Million Settlement Over Debit and ATM Disputes

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/45369
Published: 2026-10-31T07:13:09.000Z
Updated: 2026-10-31T07:13:09.000Z
Section: Regulation

> The class covers disputes denied from May 6, 2023, through July 14, 2026. A final approval hearing is scheduled for Jan. 4, 2027.

Bank of America has agreed to a proposed $2 million settlement in a class action over denied unauthorized debit-card and ATM disputes, which would provide eligible customers a share of the fund.

The lawsuit, Dennie et al. v. Bank of America, N.A., alleges the bank violated the Electronic Fund Transfer Act (EFTA) by rejecting disputes and failing to properly explain its decisions. Bank of America denies wrongdoing and agreed to settle to avoid the uncertainty and expense of continuing the case.

The class covers people whose disputes over unauthorized debit-card or ATM transactions were denied from May 6, 2023, through July 14, 2026. Class members who file a valid claim will share the fund equally after fees and costs. Class counsel is seeking $666,666.67 in attorneys’ fees, plus reasonable costs and expenses.

Current account holders would receive an account credit, while former account holders would receive a check. The settlement releases claims for statutory damages under the EFTA, but not claims for the money customers actually lost. Bank of America also agreed to revise the written explanations it sends when denying these disputes.

Claims are due Dec. 11. Class members must use the ID on the postcard or email notice they received. The court’s final approval hearing is scheduled for Jan. 4, 2027.