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Award (how much your claim may be worth): You can receive a cash refund from the Citizens Bank overdraft fee class action settlement.
Class Action Lawsuit Settlement Case(s): In Re: Checking Account Overdraft Litigation, Case No. 09-md-02036-JLK, U.S. District Court, Southern District of Florida.
Company(ies):CITIZEN FINANCIAL GROUP, INC.; RBS CITIZENS, N.A.
Address to submit a claim form (REQUIRED):
Phone Number to call for assistance: (888) 273-0426
Details: The Citizens Bank overdraft settlement will resolve a class action lawsuit, titled In Re: Checking Account Overdraft Litigation, that alleges the bank reordered debit-card transactions from highest to lowest, rather than in order to maximize the number of overdraft fees that could be charged to a customer. The plaintiffs allege that, instead of declining transactions when an account had insufficient funds to cover a purchase, Citizens 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.
Citizens Bank denies the allegations but has agreed to a $137.5 million class action lawsuit settlement to resolve the litigation.
Class Members of the Citizens Bank overdraft class action settlement include anyone who:
• Had a Citizens consumer deposit account that you could access with a Citizens debit card anytime between January 1, 2002 and August 13, 2010, and/or had a Charter One consumer deposit account that you could access with a Charter One debit card any time between July 25, 2005 and August 13, 2010; and/or
• Had an Acquired Bank consumer deposit account that you could access with a debit card between January 1, 2002 and August 27, 2007; and
• Were charged one or more overdraft fees as a result of posting Debit Card Transactions from highest to lowest dollar amount.
Some Class Members do not have to file a Claim Form to receive a payment. They will automatically receive their refund. However, a number of Class Members will have to file a Claim Form by the deadline of May 6, 2013 to receive any money from the Citizens Bank overdraft class action settlement. See Page 5 of the Settlement Notice for more details.
The amount of money you can receive from the Citizens Bank overdraft fee settlement will depend on the number of overdraft fees charged to your Citizens, Charter One or Acquired Bank consumer deposit account as a result of the improper debit card transaction reordering between January 1, 2002 and August 13, 2010.
A Final Fairness Hearing is scheduled for March 7, 2013.
Claim Forms and more information on your rights in the Citizens Bank Overdraft Fee Class Action Lawsuit Settlement can be found at www.CitizensOverdraftSettlement.com.
Purchased or Leased From:
Citizens consumer deposit account: January 1, 2002 to August 13, 2010
Charter One consumer deposit account: July 25, 2005 to August 13, 2010
Acquired Bank consumer deposit account: January 1, 2002 to August 27, 2007
Claims must be postmarked by: 5/6/13
Settlement Administrator(s): Eqiq Systems, Inc.
Class Counsel:
Bruce S. Rogow, Esq.
BRUCE S. ROGOW, P.A.
Aaron S. Podhurst, Esq.
PODHURST ORSECK, P.A.
Robert C. Gilbert, Esq.
GROSSMAN ROTH, P.A.
Ted E. Trief, Esq.
TRIEF & OLK
Defense Counsel:
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77 thoughts onCitizens Bank Overdraft Fee Class Action Lawsuit Settlement
Well, it is the 19th and there has been ZERO money added to my account. What’s going on? Has ANYONE gotten their money back?
Not one red cent
I will share with you this story. In 2004 I was hit for $58,000 worth of overdraft fees and unauthorized transactions due to a manager in the Lockport, NY’s offices inept ability to cancel my stolen debit card. I lost my annuities and my savings. Tell me why this bank is still practicing. The only thing they changed was their name from Charter One to Citizens Bank.
From: Citizens Overdraft Settlement [mailto:info@citizensoverdraftsettlement.com]
Sent: Wednesday, September 18, 2013 12:00 PM
To: Annie l
Subject: RE: Annie
Dear Annie ,
Thank you for your email.
Currently, the distribution of awards is scheduled for September 19, 2013. This is subject to change. Please continue to check the website for updates.
If you should have any further questions please don’t hesitate to call our toll free number (888) 273-0426 or visit the website http://www.CitizensOverdraftSettlement.com.
Regards,
Jacob G.
Citizens Overdraft Settlement Administrator
I just called them they did say the checks are going out on the 19th !!!!
denise what page was that? wouldn’t that be nice!!!
Someone on another page said they wrote them and were told payments would go out on the 19th, but I wouldn’t count on it.
As soon as someone receives a payment please post it here. I keep checking my bank daily!!
And so the real wait begins. I wonder if I’ll get a whole $20 for the thousands they stole from me.
I called and they just say award checks are scheduled to be mailed/distributed in September, Here is the catch “SUBJECT TO CHANGE” keep checking the website