Top Class Actions’s website and social media posts use affiliate links. If you make a purchase using such links, we may receive a commission, but it will not result in any additional charges to you. Please review our Affiliate Link Disclosure for more information.
Citizens Bank Pays $137.5 Million Settlement; Denies Any Wrongdoing
By Dominic Rivera
How would you like to find some extra cash in your bank? This is just what happened to some Citizens Bank customers as part of the $137.5 million settlement from a checking account overdraft class action lawsuit.
According to reports, customers eligible for the settlement started receiving their money through their accounts last September 19 while those who have closed their accounts but are eligible for settlement will be receiving checks.
The settlement stemmed from the lawsuit which claimed that Citizens Bank reordered debit card transactions from highest to lowest dollar amount in order to rack up overdraft charges. We have also covered and reported on this lawsuit in the past.
Despite the settlement, the bank did not admit to any wrongdoing. “The settlement does not mean that any law was broken or that Citizens did anything wrong. Citizens denies all legal claims in this case,” the bank said.
Overdraft fees is a common contention of class action lawsuits given the huge amount of money involved. In 2007, banks collected more than $17 billion in overdraft fees. In 2009, it rose to $37.1 billion. The case is In re: Checking Account Overdraft Litigation, Case No. 1:09-md-02036-JLK, in the U.S. District Court for the Southern District of Florida.
All class action and lawsuit news updates are listed in the Lawsuit News section of Top Class Actions
10 thoughts onCitizens Bank Pays $137.5 Million Settlement; Denies Any Wrongdoing
they charged me $35 dollars overdraft fee plenty of times if you spent $ 1.00 over the available balance of your money and now they sent me $ 6.33 and how much will i get if drove to go cash it nothing.but i think there is more money you can get if hire an attorney just thoughts.
What about credit union like navegant cu in Rhode Island
They take so much overdraft front my wife and me thar we have to close the account and no body answer my cuestión
That is my cuestión Thank you
i wish to file a claim and be commensated
I received pennies, instead of the $2,500 I was supposed to receive, so the banks still won,were’s the justice in that crap? Diana
How do I file a claim?
I don’t know why I didn’t know about this. I have been charged overdraft fees more than once by this crooked bank. I am in the process of checking out other banks to do business with.
Are you kidding I received a check in the amount of $6.89 is that a joke after everything they did to me..Humiliated me, messed up my life for a month after what they did…trying to fix there stupidity, I hate CITIZENS BANK – I tell everyone not to bank with them and thats all I get a meer $6.89…THANKS FOR NOTHING…
Something of this same nature happened to me at my credit union. I was charged an overdraft in the excess of $500. Do I have any recourse?
i bank with them did they do that to me
I was wondering if I qualified for this settlement. I did have over drafts. banked with them for six years. acc 4533138303 closed .