Lawsuit Claims That Bank of America Misleads Accountholders Into Paying Undisclosed Fees on Incoming Wire Transfers

Bank of America misleads personal accountholders into paying undisclosed fees on incoming wire transfers, a new class action lawsuit alleges.

Plaintiff Matthew M. Guiney filed the class action lawsuit against Bank of America N.A. on behalf of E.G., his minor child, on July 21 in a New Jersey federal court, alleging violations of the New Jersey Consumer Fraud Act.

According to the lawsuit, Bank of America hides the fact it charges $15 incoming wire transfer fees on New Jersey personal accountholders when they receive funds to their accounts via domestic wire, and a $35 fee for international wires.

Read the source article at Top Class Actions