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Award (how much your claim may be worth): You can receive a refund of improper overdraft fees you were charged to your Chase bank checking account.
Class Action Lawsuit Settlement Case(s): In re: Checking Account Overdraft Fee Litigation, Case No. 9-md-2036-JLK, U.S. District Court, Southern District of Florida.
Website of the Class Action Lawsuit Settlement Administrator (FILE YOUR CLAIM HERE): www.ChaseOverdraftSettlement.com
Address to submit a claim form (REQUIRED):
Some Class Members will need to submit a Claim Form in order to receive a payment from the Chase overdraft fee class action lawsuit settlement. (See “Details” to see if you fall into this category.) These Class Members must submit a Claim Form and supporting documentation either online at www.ChaseOverdraftSettlement.com or to the following address postmarked no later than February 8, 2013:
Chase Overdraft Settlement
c/o Rust Consulting
P.O. Box 8041
Faribault, MN 55021-9441
Phone Number to call for assistance: (877) 552-1296
Details: The Chase overdraft settlement is the latest settlement to be reached in the massive class action lawsuit In re Checking Account Overdraft Litigation. The litigation involves more than 30 banks sued over their overdraft-fee policies, in which customers say the banks reordered debit card transactions in order to maximize overdraft fees. The Chase overdraft fee class action lawsuit also claims that, instead of declining transactions when an account had insufficient funds to cover a purchase, Chase authorized the transactions and then processed them in highest to lowest dollar order, which had the effect of increasing the number of overdraft fees the bank charged its customers.
Chase denies any wrongdoing but has agreed to a $110 million class action lawsuit settlement to resolve the litigation. Chase has also agreed that, for a period of at least two years, it will not charge overdraft fees on individual debit card transactions of $5.00 or less.
Class Members of the Chase overdraft fee class action settlement include anyone who (A) held a Chase, Bank One, or Bank of New York consumer deposit account accessible with a Chase debit card anytime between January 1, 2003 and March 29, 2010; and (B) were charged one or more overdraft fees as a result of Chase’s practice of posting debit card transactions from highest to lower dollar amount.
To be included in the Class, you must have had two or more overdraft fees on a single day during the time period listed above.
Some Class Members will automatically receive their payments from the Chase overdraft class action settlement, either as account credits (if you still have a Chase account) or in the form of a check (if you no longer have a Chase account). These “automatic” Class Members include all Chase accounts (except former BoNY accounts) who incurred an overdraft fee during the time period January 1, 2005 through March 29, 2010, and Chase accounts that formerly were BoNY accounts and incurred an overdraft fee between April 1, 2007 and March 29, 2010.
Other Class Members will need to file a Claim Form by the deadline of February 8, 2013 in order to receive a payment. These “non-automatic” Class Members include Chase account holders who incurred an overdraft fee between January 1, 2003 and December 31, 2004. It also includes holders of Chase accounts that formerly were Bank of New York accounts and incurred an overdraft fee from October 2, 2006 through April 1, 2007.
The amount of money you will receive from the Chase overdraft settlement will depend on the number of overdraft fees charged to your Chase account during the Class Period. Payments will be distributed after the Court grants final approval to the settlement and any appeals are resolved. A Final Approval Hearing is set for December 10, 2012.
Claim Forms and more information on your rights in the Chase Overdraft Fee Class Action Lawsuit Settlement can be found at www.ChaseOverdraftSettlement.com.
UPDATE 4.26.13: The Court entered Final Approval to the Chase overdraft class action settlement. All settlement funds will be distributed before May 17, 2013.
Overdraft Fees Incurred Between:
Current Chase Customers:
All Chase Accounts (except former BoNY accounts): January 1, 2005 – March 29, 2010
Chase Accounts that formerly were BoNY accounts: April 1, 2007 – March 29, 2010
Former Chase Customers:
Chase Accounts in 2003 and 2004: January 1, 2003 – December 31, 2004
Chase Accounts that formerly were BoNY accounts: October 2, 2006 – March 31, 2007
Claims must be postmarked by: 2/8/13
Settlement Administrator(s): Rust Consulting
Class Counsel:
Defense Counsel:
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44 thoughts onChase Overdraft Fee Class Action Lawsuit Settlement
It’s the 18th, and I haven’t received squat!
Has anyone received an account credit yet cause I haven’t
#2 They are supposed to start distributing payments tomorrow. They are still rearranging my purchases… How can they still be doing this?
I KNEW KNEW KNEW they were ripping me off!!! Chase would be sure to make larger transactions clear before any smaller ones -even out of sequence ones, then they’d wrack up on the overdraft fees, leaving my account waaaaay below NSF. I kept telling people there was something wrong about the way they were clearing my debits… lo and behold! This is where attorneys come in handy. Wahoo!
I was apart of this settlement and would like to get what’s coming to.Chase new what they where doing to the people who had accounts with there bank.
he Court entered a formal order and judgment approving the Settlement with JPMorgan Chase Bank, N.A. in In Re: Checking Account Overdraft Litigation, 1:09-MD-02036-JLK on December 19, 2012.
The February 8, 2013 deadline for filing a claim form has now passed.
The Effective Date of the Settlement is expected to occur on April 18, 2013. The Settlement Fund proceeds will be distributed through the issuance of an account credit or by mailed check within 30 days of the Effective Date.
ive had chase accounts since 2004 to 2010
i wonder how would they get in touch with me since my address has changed and my accounts with chase are closed but you do have my email. i did recieve the notice about the settlement to my new address. please update me with any new progress on this settlement..
I guess I will try the phone number listed above. Opps.
how do I contact a lawyer or anyone who can answer questions?
They’re not the only bank. TCF did it for years, Wells Fargo does it on some of their accounts, even my credit union has taken to re-organizing transactions…ugh! I got a notice today that I’m part of a settlement for M&I doing this to me. It’s a shady practice and I’m glad the banks are being called for it