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This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
Update:
- This settlement is paying out up to $48.39 as of Sept. 2, 2022.
- Congratulations to everyone who filed a claim and got paid!
TD Bank agreed to pay over $41 million as part of a class action lawsuit settlement to resolve claims that it wrongfully charged non-sufficient funds fees, or NSF fees, after retrying transactions.
The settlement benefits consumers who were charged retry NSF fees by TD Bank during various time periods between Nov. 30, 2008, and Sept. 7, 2021.
Eligible periods vary based on state according to applicable laws. For example, the Illinois class period starts on Nov. 20, 2008 while the Colorado class period starts on Nov. 30, 2015. A full list of each state’s Class periods can be found in the settlement agreement.
TD Bank is a North American bank that serves consumers across the United States and Canada. The bank offers checking accounts, credit cards, investment services, savings accounts, borrowing options, and other services.
According to a 2019 amended class action lawsuit, TD Bank fails its consumers by charging unfair NSF fees. The bank allegedly charges NSF fees on failed transactions after these transactions were attempted for a second time. Each of these fees is between $30 and $35 which can quickly add up when multiple NSF fees are charged.
The plaintiff says she attempted a PayPal transaction in 2018 that was denied due to insufficient funds. As a result, she was reportedly charged an NSF fee of $35. Later, despite the plaintiff not attempting to initiate the transaction, TD Bank allegedly tried to clear the transaction again. When this second unauthorized attempt failed, TD Bank charged another $35 fee, the class action lawsuit contends. This same situation allegedly happened again a few months later.
According to the TD Bank class action lawsuit, these retry NSF fees violate the bank’s account agreements. The plaintiff argues that countless other TD Banks could have experienced similar unfair NSF fees.
TD Bank hasn’t admitted any wrongdoing but agreed to resolve the class action allegations with a $41.5 million settlement. This settlement includes $20.75 million for cash payments and $20.75 million in debt relief benefits.
Under the terms of the TD Bank settlement, Class Members will receive a cash payment to compensate them for retry NSF fees they paid. Payments will not be a full refund, but will be proportional to reflect the amount each Class Member who was charged a retry NSF fee. Class Members who were charged numerous fees will receive a higher payment than Class Members who were charged only one fee.
The settlement also provides debt forgiveness to Class Members whose accounts were closed with a negative balance. Under the settlement terms, any debt owed to TD Bank will be reduced for each retry NSF fee that a Class Member owed to the bank but did not pay before account closing. Like with the settlement’s cash payments, this debt reduction will vary depending on the amount paid in fees.
The deadline for exclusion and objection was March 16, 2022.
The final approval hearing for the settlement is scheduled for May 3, 2022.
Class Members do not have to take any action to benefit from the settlement. Unless they exclude themselves, eligible consumers will automatically receive a payment from the fund.
Who’s Eligible
The settlement benefits consumers who were charged retry NSF fees by TD Bank during various time periods between Nov. 30, 2008 and Sept. 7, 2021. Eligible periods vary based on state according to applicable laws. For example, the Illinois class period starts on Nov. 20, 2008 while the Colorado class period starts on Nov. 30, 2015. A full list of each state’s Class periods can be found in the settlement agreement.
Potential Award
Varies
Proof of Purchase
NA
Claim Form
No claim form required.
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
N/A
Case Name
Perks, et al. v. TD Bank, N.A., Case No. 1:18-cv-11176 in the U.S. District Court for the Southern District of New York
Final Hearing
05/03/2022
Settlement Website
Claims Administrator
Settlement Administrator
Perks et al v TD Bank, N.A.
c/o RG/2 Claims Administration LLC
P.O. Box 59479
Philadelphia, PA 19102-9479
retryNSFfeessettlement@rg2claims.com
800-274-6605
Class Counsel
Lynn A Toops Esq
Vess A Miller Esq
Richard E Shevitz Esq
COHEN & MALAD LLP
Jeffrey D Kaliel
Sophia Goren Gold
KALIEL PLLC
Jeffrey Ostrow
Jonathan M Streisfeld
KOPELOWITZ OSTROW PA
James J Bilsborrow Esq
WEITZ & LUXENBERG PC
Defense Counsel
Danielle Oakley Esq
COUNSEL FOR TD BANK
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122 thoughts onTD Bank NSF Fees $41M Class Action Settlement
I want to be included in this lawsuit.
I will like to be included in this claim, being a customer with TD bank for a while and yes being over charge is not fair to the customer. I also have a new address hopefully I get some of that money back
I want to be included in this law suite. I had an account that was closed with a negative balance because of this and some one took about $800 in fraudulent purchase and I notified the bank and I was told that I had to bring my account up to good standings .
I would like to be included in this
So great. I just got my $4.00 check from the settlement. Lost thousands in fees. Attorneys fees $10mil. Yeah, that’s justice. You’re all scammers
Nothing yet. Was told “September”.
What a joke, and so HUGELY unjust settlements. TD Bank made HUGE money while all along for so many years doing this fraud robbery. And, the class action lawyers made HUGE money by this settlement. We, the totally disabled couples on food stamp and on SSDI and totally financially poor and elder received TINY $16.00 as part of this so-called class action suit, when HUGE sum of money was stolen from my TD Bank account by the TD Bank.
The settlement I received was a joke. $6 and some change.
Mine was $2.01🤣
I was with TD Bank while in Maine and had many NSF and filed for this class action suit. I have moved several times since and now live in Florida. I tried to access the site to update my new mailing but it asks for my username and password. I don’t remember either. That goes back to 2008-2010. Now how do I get my money
I’d like to be included in the TD NSF lawsuit
Has anyone received the reimbursement credited back I to the account? I find it funny I was told the amount t I was receiving 9 days ago but still no credit
Has anyone negotiated the check yet? I received a check for 32.26. What a joke. They stole way more money from me than that
You know they nearly took almost $300 in fee every 2 weeks just about…get pathetic check for $24
When is my settlement check coming?
I received 16 dollars check today 9 -14 -22 but the check date is 9-2-22