Anne Bucher  |  July 11, 2014

Category: Closed Class Actions

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This settlement is closed!

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Higher One settlement

A proposed $15 million settlement has been reached in a class action lawsuit against Higher One Holdings Inc., Higher One Inc., The Bancorp Bank, Wright Express Financial Services Corporation (now known as WEX Bank), and Taylor Capital Group Inc. regarding the marketing and fees associated with the Higher One OneAccount. If you opened a OneAccount bank account between July 1, 2006 and Aug. 2, 2012, you could be eligible for benefits from the class action settlement.

The Higher One OneAccount class action lawsuit alleges that the defendants failed to disclose the refund disbursement methods available to students for their tuition and financial aid refunds. The plaintiffs also allege the defendants inadequately disclosed fees such as PIN-based transaction fees and ATM fees associated with Higher One accounts.

The defendants deny any wrongdoing but agreed to settle the OneAccount class action lawsuit to avoid the expense and uncertainty of trial.

Who’s Eligible

Class Members of the Higher One OneAccount settlement include anyone who opened a OneAccount bank account between July 1, 2006 and Aug. 2, 2012 and incurred a fee.

Potential Award

Varies. Class Members who submit valid claims will be eligible to receive a cash payment in the mail if the OneAccount class action settlement is approved. The amount of the cash payment depends on the number and type of fees incurred and the number of claims filed for the Higher One class action settlement.

Proof of Purchase

N/A. To receive a cash payment from the Higher One class action settlement, you must file a claim and provide the following information:

  • Your current address and contact information
  • Your notice number, which was provided either with the e-mail or postcard notice you received, and some other form of distinguishing information, such as the last four digits of your Social Security number, your birthday or OneAccount number.
Claim Form Deadline

1/23/2015

Case Name

In re: Higher One OneAccount Marketing and Sales Practices Litigation, Case No. 3:12-md-02407, in the U.S. District Court for the District of Connecticut

Final Hearing

11/24/2014

Settlement Website

www.OneAccountSettlement.com

Claims Administrator

Higher One OneAccount Settlement
P.O. Box 1631
Faribault, MN 55021-1631
1-877-310-4642

Class Counsel

TYCKO &ZAVAREEI LLP

SHEPHERD FINKELMAN MILLER SHAH LLP

GENTLE TURNER SEXTON DEBROSSE & HARBISON

JONES WARD PLC

Defense Counsel

WIGGIN AND DANA LLP

UPDATE: Viewers are reporting that they have received checks from the Higher One class action settlement. Congratulations to everyone who submitted claims and got PAID!

UPDATE 2: On July 25, 2016, Viewers reported receiving a second round of settlement checks for the Higher One OneAccount class action settlement.

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206 thoughts onHigher One OneAccount Deceptive Fees Class Action Settlement

  1. Hoperia says:

    Check the unclaimed money website. I located my check there.

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