Bank of America Handing $2,000,000 to Customers Whose Unauthorized Debit Card and ATM Disputes Were Denied

Dextape brief

By Dextape Desk · October 31, 2026

Bank of America agreed to pay $2 million to resolve a class action alleging it improperly rejected customers' disputes over unauthorized debit card and ATM transactions. The suit, Dennie et al. v. Bank of America, N.A., said the bank violated the Electronic Fund Transfer Act and failed to explain its denials properly. People whose disputes were refused between May 6, 2023 and July 14, 2026 may claim equal shares after fees and costs. Current account holders receive account credits, while former holders get checks. Class counsel seeks $666,666.67 in attorneys' fees, one-third of the fund. The bank will also revise its denial letters. Bank of America denies wrongdoing but settled to avoid further cost and uncertainty. Claims are due December 11, and a hearing on final approval is set for January 4, 2027.

Why it matters: The outcome shows that banks can face scrutiny over how they handle unauthorized card and ATM disputes and the notices they send when claims are rejected.

Summary by Dextape, based on reporting by DailyHodl. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.