A spokeswoman for the largest US bank said Saturday that it is “pleased to reach a fair resolution” to the case.

Spokeswoman Anne Pace said B of A also already has addressed many related customer concerns.

Customers pay overdraft fees when they spend more money than remains in their accounts. The fees can reach $35 apiece and have been a sore point with consumers.

Before federal law changed this summer, banks frequently charged overdraft fees on numerous transactions in a single day.

Similar lawsuits have been filed against other US banks, including a California case where Wells Fargo has appealed a $203 million judgment.