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Award (how much your claim may be worth): Up to three times the amount of illegal overdraft fees you were charged!
Class Action Lawsuit Settlement Case(s): Schulte, et al. v. Fifth Third Bank, Case No. 1:09-CV-06655, United States District Court for the Northern District of Illinois
Company(ies): FIFTH THIRD BANK
Website of the Class Action Lawsuit Settlement Administrator (UPDATE YOUR INFORMATION HERE): https://www.overdraftsettlement.com
Address to submit a claim form (REQUIRED):
Claim forms can be submitted online at https://www.overdraftsettlement.com or mailed to the following address:
Phone Number to call for assistance: (888) 235-7491
Details: Fifth Third Bank has agreed to a $9.5 million settlement of a class action lawsuit concerning the way it issued overdraft fees. If you paid overdraft fees related to a Fifth Third debit card, check card and/or bank card, you could receive up to three times the amount you were charged from the class action settlement.
According to the Fifth Third class action lawsuit, Fifth Third Bank posted debit card transactions and/or ATM withdrawals in non-chronological order so that the bank could maximize the number of overdraft fees it charged to customers who had insufficient funds. Fifth Third Bank denies any wrongdoing, but has agreed to establish a $9.5 million settlement fund to settle the case, entitled Schulte v. Fifth Third Bank.
If you had a Fifth Third bank account at any time between October 21, 2004 and July 1, 2010, and incurred at least one overdraft fee as a result of the “re-sequencing” of at least one Fifth Third debit card transaction in non-chronological order, you’re considered a member of the settlement class and eligible to receive a cash payment from the Fifth Third overdraft fee settlement.
As part of the Fifth Third overdraft class action settlement, class members who submit valid claim forms by the deadline of May 2, 2011 will be eligible to receive up to three times the amount of overdraft fees they claim they were charged, depending on the total amount of valid claims submitted. If you do not have all of your bank records to support your claim, and your claim is based only on your best knowledge and belief, Fifth Third has the right to contest your claim.
Claim forms can be downloaded or submitted online at the Fifth Third Overdraft Settlement Administrator website: http://www.overdraftsettlement.com/.
Purchased From: October 21, 2004 to July 1, 2010
Claims must be postmarked by: 5/2/11
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Settlement Administrator(s): Epiq Systems, Inc.
Class Counsel:
Defense Counsel:
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34 thoughts onFifth Third Bank Overdraft Fee Class Action Lawsuit Settlement
ya, not that I would expect anything less from BS….claim was for $235 but will only get back $42.75 to 62.70….wouldn’t expect anything more….NOT
Okay, it’s Jan. 25. Has anyone recieved anything yet?
has anybody recieded any payments still waiting
Did the class action lawsuit address the issue of direct deposit? Prior to moving over to 53rd our direct deposit went in on payday. With 53rd it went in on Saturday. 53 informed me that it was the employer’s error. Now we have switched over to another bank and our funds are available on Friday. Who would like to take on this lawsuit?
With respect to the current litigation, they informed me it would cost me to order documents so I neglected filing a clam because it would be a wash….
I’m angry about this wait. They had no problem taking our money and now want to drag their feet about paying. Those checks should already be mailed out. These banks are taking full of advantage of the people. Do they need to steal more money to make the payment? I have not gotten anything in the mail about this settlement. Only vague emails from the Attorney’s office. I want my money. They owe me $1.000 dollars easy! Do I expect that much, NO! However, I’m angry about this settlement and how the claimants are getting screwed! I want my money Fifth Turd!
kim I had to do the same thing your doing email them again it took them about a week to reply back to me
I emailed OverdraftSettlement.com a few days ago and have still heard nothing about my change of address. Scott if you’re out there do you have any other suggestions?
So much for paying off holiday bills :( Fifth Third has requested an extension from the court to pay out settlement amounts to February 29, 2012, not January 26, 2012. Yet another month!
anyone get a check yet?
kim email info@OverdraftSettlement.com with your new address