Consumer Law

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

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