The website eobcsettlement.com is regarding a settlement between consumers with a consumer checking account with Bank of America. The bank apparently deducted $35 from these customers account as a penalty for Extended Overdrawn Balance.
The court has not yet decided in favor of any of the party. If you want to be a part of the settlement, you don’t need to do anything. If the money was deducted from your account and if the court believes that the consumer side is right. Then, you will automatically receive a payment in the form of cash, or debt reduction or account credit.
However, if you want to bring a separate lawsuit against the bank, then you need to exclude yourself from the settlement. You can exclude yourself till April 20, 2018. You must have received a letter or email regarding this, if the parties involved in the lawsuit thinks that you are entitled to a payment.
The final decision in this matter will be taken on June 18, 2018. You can visit eobcsettlement.com by clicking here.