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This settlement is closed!
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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
Detroit MI, just under 3 bucks. LOL!
Was wondering about the check also. I did recieve one for 88.27. It’s on a post card. Can we cash it.
77.44 in Florida
I received the postcard type of check today, is it legit? How do cash it.
I agree after $18000.00 I get only 0.62 back! Something seems odd here! You better believe it calling in to complain about this! Lawyers probably received a lot of $ while I have the debt and received only 0.62 back!!
I was able to talk to the secretary yesterday, she said there were about 78.000 checks that all went out at the same time. The mail is going to take a while for that many checks to be sorted and mailed out to everyone, if enough time has passed you can file a petition and if the check has not been cashed they will reissue another check, everyone should be patient seeing as how there are that many checks going out. I’m in Utah and have yet to receive mine.
I am still waiting for a check in Winston-Salem,NC. I have yet to see one. What really going on?
In TN, no check yet. Just wondering if anyone else went to Ivy Tech and received a check yet? Just nosey as to your amount. I know it goes by how many fees you were charged but just being nosey. I remember finding out about the fees and trying to figure out a way around them and it was IMPOSSIBLE. Ugh. Any little bit would help.
I agree, doesn’t seem to add up
I received a check today for 131.53, michigan
is there away to find out how many ppl were actually on the petition and how much has been paid out? I got a check for 66$ but it doesn’t look to me they have even paid out half of what they were supposed to and if we r the plantiffs shouldn’t that info be accessible to us??