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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
Bria, what do you mean when you said FIRST CHECKS ? Did they say its supposed to be more than one check ?
They said the first batches of checks. Each claimant will only receive one check.
Ok, leave it to me to ease your minds fellow money waiters. I spoke with the Atty again and was informed that the first checks with be issued on or about March 22 and the average payment will be $40 although several people will receive a sum of $300 which is the maximum amount allowed to plaintiffs. Thumbs crossed.
Does anyone know an estimate on much we will be receiving ?
Higher one need to pay everyone 1000 each. They are liars and crooks taking from children
Was any one able to get intouch wit a human and confirm that we would get it in march because I can’t get through to them
from what number nicole?
I wonder if its a fair divide among the settlement amount or if they have to go through each and every one of our accounts, being that we did have to give our personal info??? If that occurred, then I imagine that would take quite a while to settle. Hopefully, well see our money back at the end of this money at the end of this month like the comments say.
I called that number it’s bull crap but I did get a call back after. Leaving a message with the counselor handling the case and was given the number to talk to a live agent as was able to change address..and I was also informed that payments will be distributed the end of this month
what number?
Just spoke with one of the Atty offices listed on the settlement website and was informed that checks will be issued at the end of the month of March, so there is hope.
How did you speak with someone every time I call all I get is the automated message
what is the number to the attorney general office?
Hi does anyone have a number I can call them to change my address
CLAIMS ADMINISTRATION OFFICE (1-877-310-4642)
Nothing in Virginia, but patiently waiting. Two online schools stuck me with Higher One and they led me to file Ch. 7 bankruptcy over their ridiculous NSF fees.