Bank of America and EY MOVEit Data Breach Class Action Settlement
What Is the Bank of America and EY Settlement About?
An unauthorized party exploited a vulnerability in Progress Software’s MOVEit file-transfer application between May 27 and May 31, 2023. The affected information included personal data that Bank of America had supplied to EY. Plaintiffs allege that the defendants did not adequately safeguard that information and seek compensation for resulting harm.
Bank of America and EY dispute liability. The settlement resolves claims against them without a determination of wrongdoing; claims against Progress Software continue.
How Much Is the Bank of America and EY Settlement Payout?
Eligible class members may select one of two cash-benefit options:
- Documented losses: up to $2,500 in ordinary losses, including qualifying expenses and up to four hours of lost time at $25 per hour, plus up to $10,000 for qualifying extraordinary monetary losses.
- Alternative cash: a $100 payment instead of loss reimbursement. This amount may decrease or increase, up to $1,000, depending on participation and available funds.
Class members may also request two years of identity protection, including three-bureau credit monitoring, identity-restoration assistance and identity-theft insurance. Qualifying expenses must be connected to the incident and satisfy the notice’s conditions. The $2.5 million fund also pays approved fees, administration expenses and other authorized costs; reimbursements may be reduced if available funds are insufficient.
Am I Eligible to File a Claim?
You may qualify if you are a living person residing in the United States whose personal information was included in the Bank of America information provided to EY that was involved in the May 2023 incident. Receiving an individualized settlement notice is a useful way to identify membership.
A Bank of America account alone does not establish eligibility. Contact the administrator if you cannot locate a notice. People who validly opted out cannot receive benefits.
Is the Bank of America and EY Settlement Legit?
Yes. Judge Allison D. Burroughs of the U.S. District Court for the District of Massachusetts oversees the case. The court-authorized site publishes the notice and claim materials. RG/2 Claims Administration handles claims. Final approval remains pending as of September 24, 2026; payment requires the settlement to become effective.
When’s the Claim Deadline?
Submit online or have your mailed claim postmarked by October 8, 2026. The final approval hearing is scheduled for October 15, 2026, at 1 p.m. Eastern, after the claim deadline.
Who Qualifies for the Bank of America and EY Settlement?
The nationwide class is limited to the affected Bank of America/EY population. Monetary loss is not required for alternative cash or identity protection. Reimbursement requires qualifying unreimbursed losses and supporting records under the notice’s ordinary or extraordinary-loss rules.
How Do I File a Bank of America and EY Settlement Claim Form?
Visit MoveitSettlementEYBOA.com and follow the claim link. Use the Claimant ID and PIN from your notice for online filing, or download the paper form. Select your cash option and indicate whether you want identity protection.
For reimbursement, supply the required explanations and records, such as statements, receipts or invoices. Personal statements alone do not substantiate monetary losses. Complete and sign the certification, then submit online or mail to EY and BOA Settlement, c/o RG/2 Claims Administration, P.O. Box 59479, Philadelphia, PA 19102-9479. Call 888-295-3216 for missing credentials or filing assistance.
