Follow us on Twitter and Facebook for the latest Class Action Settlement News!

Bank of Hawaii Reaches $9M Overdraft Fee Settlement

By Kimberly Mirando


Bank of HawaiiBank of Hawaii, the state’s second-largest bank, has reached a tentative class action lawsuit settlement that will require it to pay $9 million in refunds to customers who were charged more than one overdraft fee in a single day in the last five years.

The Bank of Hawaii overdraft fee settlement will resolve a class action lawsuit that accuses the bank of systematically re-ordering debit card transactions from highest dollar amount to lowest dollar amount, a practice that allowed the bank to maximize the amount of overdraft fees it charged to customers who overdrew their accounts.

The $9 million overdraft fee settlement will be used to refund Class Members and to pay their legal costs, in exchange for a complete release of all claims made against the company. The tentative settlement is still subject to documentation and court approvals.

The Bank of Hawaii settlement is the latest in a string of class action lawsuit settlements concerning illegal overdraft fees charged by some of the nation’s largest banks. American Savings Bank and Central Pacific Bank, the third- and fourth-largest banks in Hawaii, were also sued this year for allegedly maximizing profits by manipulating debit card customers’ overdraft fees. Those class action lawsuits have not yet been settled. Bank of America, Fifth Third Bank, National City Bank (PNC) and UMB Bank, however, have all reached class action lawsuit settlements this year over their illegal overdraft fee practices.

Details on who qualifies to be a Class Member of the Bank of Hawaii overdraft fee class action settlement have not been released yet.

UPDATE: All Class Members will automatically receive reimbursements from the Bank of Hawaii Overdraft Fee Class Action Settlement. More information can be found here or by visiting


We tell you about cash you can claim EVERY WEEK! Sign up for our free newsletter.


Updated August 1st, 2011


All class action and lawsuit news updates are listed in the Lawsuit News section of Top Class Actions

Top Class Actions Legal Statement
©2008 – 2010 Top Class Actions® LLC
Various Trademarks held by their respective owners.

Please note: Top Class Actions is not a settlement administrator or law firm. Top Class Actions is a legal news source that reports on class action lawsuits, class action settlements, drug injury lawsuits and product liability lawsuits. Top Class Actions does not process claims and we cannot advise you on the status of any class action settlement claim. You must contact the settlement administrator or your attorney for any updates regarding your claim status, claim form or questions about when payments are expected to be mailed out.


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Human Verification: In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.

View all: