$2.85M Bank of America EIPA class action settlement
By the Class Action Buddy Editorial Team · Last reviewed April 22, 2026
Looking for a settlement you can still file?
This one is closed, but our 60-second eligibility quiz finds the ones that are still open.
Who Was Eligible?
Who the settlement covered:
- Had a Bank of America account in New York
- Your account was subject to attachment or garnishment proceedings
- Bank of America charged you fees on an account containing exempt income protected under New York's EIPA
- The fees were charged in violation of the Exempt Income Protection Act
How Much Did It Pay?
The total settlement fund is $2.85 million, which will be distributed among eligible class members. The exact amount each person receives will depend on the number of valid claims filed and the specific circumstances of each case, including the amount of fees charged and other factors determined by the settlement terms.How this claim was filed
This settlement is closed, so the steps below are kept for reference only — they no longer lead anywhere you can file.
- Gather documentation of your Bank of America account and any fees charged
- Collect records showing your account was subject to garnishment or attachment
- Document any exempt income that was in the account (Social Security, unemployment, etc.)
- Wait for official claim filing instructions to be announced
Looking for something you can still claim?
This one has closed, but the open settlements list is kept current, and Class Action Buddy will tell you when a new one matches your profile.
Frequently Asked Questions
What is the deadline to file a claim for the $2.85M Bank of America EIPA class action settlement?
The deadline to file a claim was May 19, 2025, and it has passed. Claims are no longer accepted for this settlement.
How much can I receive from the $2.85M Bank of America EIPA class action settlement?
The maximum payout per eligible claimant is up to $35. Actual payments may be lower depending on the total number of valid claims filed and the available settlement fund.
Did I need proof of purchase for the $2.85M Bank of America EIPA class action settlement?
No proof of purchase was required — claims could be made on a sworn statement, without receipts, photos, or product packaging.
What is New York's Exempt Income Protection Act?
The Exempt Income Protection Act (EIPA) protects certain types of income from creditors, including Social Security benefits, unemployment compensation, and other government benefits. Banks cannot charge fees on accounts containing these protected funds when they're subject to garnishment.
How much can I get from the Bank of America EIPA settlement?
The total settlement is $2.85 million. Individual payouts will depend on how many people file valid claims and the specific fees you were charged. Details about payout amounts are still pending.
When is the deadline to file a Bank of America EIPA claim?
The filing deadline has not been announced yet. Settlement details are still being finalized. Download Class Action Buddy to get notified as soon as the claim form and deadline are available.
Primary source: official settlement administrator — eiparestraintsettlement.com. The settlement details on this page were checked against the administrator’s official website.
Class Action Buddy is an independent directory and is not affiliated with, endorsed by, or sponsored by the settlement administrator or the court. This page is general information, not legal advice. See how we verify settlements.
This settlement has closed
The filing deadline for this one has passed, so no new claims are being accepted. Class Action Buddy tracks the settlements that are still open and tells you when a new one matches your profile.
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