Sarah Mirando  |  April 30, 2012

Category: Legal News

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Citizens Bank Reaches $137.5M Overdraft Fee Settlement

By Mike Holter

 

Citizens Bank
UPDATE 2: Payments for the Citizens Bank Overdraft Class Action Settlement went out on September 19, 2013.
 
 
Citizens Bank is the latest bank to reach a class action lawsuit settlement over improper overdraft fee practices, agreeing last week to pay $137.5 million to settle its part in a massive class action lawsuit involving more than 30 banks nationwide.

The Citizens Bank overdraft fee settlement joins Citizens with 12 other banks, including Bank of America and JPMorgan Chase, who have agreed to refund customers millions of dollars in unfair overdraft fees. To date, approximately $750 million will be returned to customers from the class action lawsuit settlements reached in the case In re: Checking Account Overdraft Litigation.

Like the other banks, Citizens Bank is accused of reordering debit-card transactions from highest to lowest, rather than in the order that the transactions occurred, in order to maximize the number of overdraft fees that could be charged to a customer.

Keep checking Top Class Actions for details on how to file a claim for the Citizens Bank Overdraft Fee Class Action Lawsuit Settlement once they become available. Find out how to file a claim for the Citizens Bank Overdraft Fee Settlement here.

 

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16 thoughts onCitizens Bank Reaches $137.5M Overdraft Fee Settlement

  1. Annie says:

    From: Citizens Overdraft Settlement [mailto:info@citizensoverdraftsettlement.com]
    Sent: Wednesday, September 18, 2013 12:00 PM
    To: 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

  2. robert says:

    I wonder do we have to show all overdrafts fees by paying $8 per month $72 per year or will they automatically pay for all overdraft fees that you should awarded ?

  3. george taylor says:

    i would like to find out about settlement

  4. Anonymous says:

    You can get any statements online for the past 18 months. Anything before that you have to go into a branch. The cost is 6 dollars per statement. Yes they are still gonna get your money because if you need a years worth of statements it will cost you 72 dollars for 12 statements.

  5. Anonymous says:

    I ONLY GOT A CARD IN THE MAIL FOR TWO ACCOUNTS WHEN IT WAS THREE. THE THREE ACCOUNTS WAS SHARON D. HARPER,ISAAC B. ISRAEL(by SHARON D. HARPER REP PAYEE), ASHER B. ISRAEL (SHARON D. HARPER REP PAYEE). CAN YOU PLEASE SEEN ME THE FORMS TO FILE.

  6. Anonymous says:

    I was apart of this overdraft problem in 2009, can had been charged 650 in OD, but being about 4 years ago, i dont havr that paper that states that. I wonder if i will be able to claim without that proof

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Please note: Top Class Actions is not a settlement administrator or law firm. Top Class Actions is a legal news source that reports on class action lawsuits, class action settlements, drug injury lawsuits and product liability lawsuits. Top Class Actions does not process claims and we cannot advise you on the status of any class action settlement claim. You must contact the settlement administrator or your attorney for any updates regarding your claim status, claim form or questions about when payments are expected to be mailed out.