This settlement is closed!
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Update:
- Final approval for this class action settlement was granted July 23, 2024.
- Let Top Class Actions know when you receive a check in the comments section below or on our Facebook page.
Capital One agreed to pay $16 million to resolve claims it charged unlawful fees for returned check or ACH debit transactions.
The settlement benefits current and former Capital One account holders whom the bank charged a representment fee between Sept. 1, 2015, and Jan. 12, 2022.
The settlement agreement defines a representment fee as “an unrefunded [nonsufficient funds] NSF Fee or an Overdraft Fee charged to an account holder for either a Represented Check or Represented ACH, after Capital One had returned that Check or ACH for insufficient funds and assessed an NSF Fee on a prior presentment of that Check or ACH.”
According to plaintiffs in the class action lawsuit, Capital One violated its account terms by failing to refund NSF fees or overdraft fees it charged for represented check or ACH transactions. These fees should have been refunded once the customers presented checks and ACH debits for payment, the plaintiffs contend.
Capital One is a bank and lender that offers checking accounts, savings accounts, auto loans and other types of accounts.
Capital One hasn’t admitted any wrongdoing but agreed to a $16 million settlement to resolve the class action lawsuit.
Under the terms of the settlement, class members can receive a pro rata share of the net settlement fund based on the number of eligible fees they were charged during the class period. Current account holders will receive their share of the settlement fund as an account credit, while former account holders will receive a physical check.
The deadline for exclusion and objection is June 17, 2024.
The final approval hearing for the settlement is scheduled for July 15, 2024.
No claim form is required to benefit from the settlement. Class members who do not exclude themselves will automatically receive a settlement payment.
Capital One check, ACH fees $16M class action settlement· Post
⌘K
Capital One check, ACH fees $16M class action settlement
Update:
- Final approval for this class action settlement was granted July 23, 2024.
- Let Top Class Actions know when you receive a check in the comments section below or on our Facebook page.
Capital One agreed to pay $16 million to resolve claims it charged unlawful fees for returned check or ACH debit transactions.
The settlement benefits current and former Capital One account holders whom the bank charged a representment fee between Sept. 1, 2015, and Jan. 12, 2022.
The settlement agreement defines a representment fee as “an unrefunded [nonsufficient funds] NSF Fee or an Overdraft Fee charged to an account holder for either a Represented Check or Represented ACH, after Capital One had returned that Check or ACH for insufficient funds and assessed an NSF Fee on a prior presentment of that Check or ACH.”
According to plaintiffs in the class action lawsuit, Capital One violated its account terms by failing to refund NSF fees or overdraft fees it charged for represented check or ACH transactions. These fees should have been refunded once the customers presented checks and ACH debits for payment, the plaintiffs contend.
Capital One is a bank and lender that offers checking accounts, savings accounts, auto loans and other types of accounts.
Capital One hasn’t admitted any wrongdoing but agreed to a $16 million settlement to resolve the class action lawsuit.
Under the terms of the settlement, class members can receive a pro rata share of the net settlement fund based on the number of eligible fees they were charged during the class period. Current account holders will receive their share of the settlement fund as an account credit, while former account holders will receive a physical check.
The deadline for exclusion and objection is June 17, 2024.
The final approval hearing for the settlement is scheduled for July 15, 2024.
No claim form is required to benefit from the settlement. Class members who do not exclude themselves will automatically receive a settlement payment.
Capital One check, ACH fees $16M class action settlement· Post
⌘K
Capital One check, ACH fees $16M class action settlement
Update:
- Final approval for this class action settlement was granted July 23, 2024.
- Let Top Class Actions know when you receive a check in the comments section below or on our Facebook page.
Capital One agreed to pay $16 million to resolve claims it charged unlawful fees for returned check or ACH debit transactions.
The settlement benefits current and former Capital One account holders whom the bank charged a representment fee between Sept. 1, 2015, and Jan. 12, 2022.
The settlement agreement defines a representment fee as “an unrefunded [nonsufficient funds] NSF Fee or an Overdraft Fee charged to an account holder for either a Represented Check or Represented ACH, after Capital One had returned that Check or ACH for insufficient funds and assessed an NSF Fee on a prior presentment of that Check or ACH.”
According to plaintiffs in the Capital One lawsuit, the company violated its account terms by failing to refund NSF fees or overdraft fees it charged for represented check or ACH transactions. These fees should have been refunded once the customers presented checks and ACH debits for payment, the plaintiffs contend.
Capital One is a bank and lender that offers checking accounts, savings accounts, auto loans and other types of accounts.
Capital One hasn’t admitted any wrongdoing but agreed to a $16 million settlement to resolve the class action lawsuit.
Under the terms of the settlement, class members can receive a pro rata share of the net settlement fund based on the number of eligible fees they were charged during the class period. Current account holders will receive their share of the settlement fund as an account credit, while former account holders will receive a physical check.
The deadline for exclusion and objection is June 17, 2024.
The final approval hearing for the settlement is scheduled for July 15, 2024.
No claim form is required to benefit from the settlement. Class members who do not exclude themselves will automatically receive a settlement payment.
Who’s Eligible
Current and former Capital One account holders whom the bank charged a representment fee between Sept. 1, 2015 and Jan. 12, 2022.
Potential Award
Varies
Proof of Purchase
N/A
Exclusion Deadline
06/17/2024
Case Name
McNeil v. Capital One Bank NA, Case No. 1:19-cv-00473-NRM-TAM, in the U.S. District Court for the Eastern District of New York
Final Hearing
07/15/2024
Settlement Website
Claims Administrator
Bob McNeil v. Capital One Settlement Administrator
1650 Arch Street, Suite 2210
Philadelphia, PA 19103
[email protected]
844-727-1045
Class Counsel
Jeff Ostrow
Jonathan Streisfeld
Daniel Tropin
KOPELOWITZ OSTROW PA
Jeffrey D Kaliel
Sophia G Gold
KALIELGOLD PLLC
Andrea R Gold
TYCKO & ZAVAREEI LLP
James Pizzirusso
HAUSFELD LLP
Defense Counsel
ORRICK HERRINGTON & SUTCLIFFE LLP
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508 thoughts onCapital One check, ACH fees $16M class action settlement
I got the letter. I have never been a customer of Capitol One so I tossed it.
I was in almost all of the data breaches and my whole life has been a wreck.
I received the breeched data letter BUT I never knew how to sign up to get on the list for Capitol One Bank customers and I’ve been one for several years and had credit cards as well. I am a 58 yr old woman who has been I’ll for sometime and I hadn’t any clue about this case taking place. I should I be omitted from receiving @least some part of the settlement? When I didn’t know about it— like I said all I received was the first notification. It’s not right to leave certain people out of this settlement.
Add me please