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A federal court has granted final approval to the Chase Bank overdraft class action lawsuit settlement, making the Effective Date of the settlement April 18, 2013. Eligible Class Members who have not already received their settlement award can expect to see an account credit or check in the mail on or before May 17, 2013.
The court order marks an end to Chase Bank customers’ allegations that they were charged improper overdraft fees between 2003 and 2010. The $110 million settlement also marks the latest from a long list of U.S. banks that have settled similar claims in the consolidated class action case In re: Checking Account Overdraft Litigation.
The amount of money Class Members will receive from the Chase overdraft settlement will depend on the number of improper overdraft fees they incurred. Most of these Class Members will receive – or have already received – account credits. Others will receive their settlement checks in the mail before May 17, according to the Settlement Administrator.
The deadline to file a claim was February 8, 2013.
The case is In re: Checking Account Overdraft Fee Litigation, Case No. 9-md-2036-JLK, U.S. District Court, Southern District of Florida.
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155 thoughts onChase Bank Overdraft Settlement Payments On the Way!
June 2015 and got a check in the mail for the settlement? really! Deposited the puny check and it bounced, my bank charged me a fee for the bounced check that was more than the value of the check. Received another check now in October for $6.70, they really think that Im going to deposit this so I can pay another $6 for the insult. F*K Chase…
I am going to make it my mission to tell everyone I can in person & on social media about this and to avoid the crooks at Chase bank-legalized robbery is what this whole thing was.
I received a overdraft settlement check but it expire can i get a new check send
i never received any money