Zions First National Bank Telemarketing Scheme Settlement Checks Mailed

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Top Class Actions viewers are starting to receive checks in the mail from a class action settlement that accused Zions First National Bank of providing services to telemarketers who fraudulently withdrew funds from customers’ bank accounts without their authorization.

According to comments and posts on the Top Class Actions Facebook page, Class Members who submitted timely and valid claims for the Zions Bank class action settlement began receiving checks worth as much as $47.32 on May 8, 2017.

If you filed a claim for the Zions Bank settlement, keep checking your mailbox because your payout is on its way!

The class action settlement resolves allegations that Zions First National Bank, NetDeposit LLC, MP Technologies d/b/a Modern Payments and Teledraft Inc. offered banking services to fraudulent telemarketers who then debited more than 500,000 customers’ bank accounts without permission.

The Zions defendants denied the allegations but agreed to pay $37.5 million to settle the class action lawsuit.

Class Members included all U.S. consumers who “ACH debit entries or remotely-created check drafts on their accounts were prepared by Defendants on behalf of the merchants identified as ‘Telemarketing Enterprises’ in Plaintiff’s Second Amended Complaint during the period of January 26, 2006 through the present, and all individuals who incurred bank charges as a consequence of such ACH debit entries or remotely-created check drafts.”

Some of the merchants identified in this settlement were: Physician Health Services LLC d/b/a Health Benefits Online, Health Management LLC d/b/a National Healthcare Solutions and National Health Net, Physician Health Systems Inc. d/b/a Health Benefits Online, Market Power Marketing Solutions and RxSmart d/b/a Calivada Marketing.

The deadline to file a claim for the Zions Bank class action settlement passed on Nov. 1, 2016. 

Congratulations to our Top Class Actions readers who submitted a valid claim and got PAID! If you missed out, sign up for our free newsletter to receive updates on new class action lawsuits and settlements. You can also check out which class action settlements are still accepting claims in our Open Class Action Settlements section.

The Class is represented by Howard I. Langer, John Grogan and Peter Leckman of Langer Grogan Diver PC.

The Zions First National Bank Telemarketing Scheme Class Action Settlement is Reyes v. Zions First National Bank, Case No. 10-cv-0345-TR, in the U.S. District Court for the Eastern District of Pennsylvania.