Top Class Actions’s website and social media posts use affiliate links. If you make a purchase using such links, we may receive a commission, but it will not result in any additional charges to you. Please review our Affiliate Link Disclosure for more information.
Associated Bank Overdraft Class Action Settlement Approved
By Mike Holter
UPDATE 10/7/13: Class Counsel has confirmed with Top Class Actions that eligible Class Members will receive their account credits on October 9, 2013. Former account holders will receive their credit via a mailed check. Find out more.
A federal judge on Friday granted final approval to a $13 million class action lawsuit settlement between Associated Bank and customers who were charged improper overdraft fees.
On August 2, U.S. District Judge James Lawrence King approved the class action settlement as fair and reasonable, drawing an end to a 2010 class action lawsuit accusing Associated Bank of manipulating customers’ checking account transactions in order to trigger overdraft fees. In addition, plaintiffs alleged Associated Bank chose not to decline transactions that would incur an overdraft fee and failed to adequately disclose to customers that they could opt out of overdraft protection.
Associated Bank denies any wrongdoing but agreed to a class action lawsuit settlement in 2011.
Class Members of the Associated Bank overdraft settlement include all customers who had a consumer deposit account with the bank that was:
- Opened anywhere other than in Illinois and accessible with an Associated Debit Card between January 1, 2004 through July 26, 2012; or
- Opened in Illinois and accessible with an Associated Debit Card between April 2, 2000 and July 26, 2012; and
- Was charged one or more overdraft fees as a result of the bank’s practice of posting debit card transactions from highest to lowest dollar amount.
There is no claim filing process for the Associated Bank overdraft class action settlement; Class Members will automatically receive a cash award credited to their account (if they’re a current customer) or mailed to them as long as they did not opt out. The amount of your payment cannot be determined at this time, but will be based on a number of factors, including how many overdraft fees you incurred and how many Class Members remained in the settlement.
Payments or account credits will be issued after any appeals that may be filed are resolved.
More information on your rights in the Associated Bank Overdraft Class Action Lawsuit Settlement can be found at www.ABOverdraftSettlement.com.
The case is In Re: Checking Account Overdraft Litigation, Case No. 09-cv-02036, U.S. District Court, Southern District of Florida.
All class action and lawsuit news updates are listed in the Lawsuit News section of Top Class Actions
26 thoughts onAssociated Bank Overdraft Class Action Settlement Approved
Thanks for the updates and info!
Thanks so much Pennie
I just spoke w/the attorneys office at the number listed below…the settlement checks were scheduled to go out in the mail or direct deposited if you still hold the original acct on Oct 4,2013…for sure now they will be mailed or deposited Wednesday Oct 9,2013..she couldn’t tell me any amounts of the checks..it is all based on individual accts…. I guess its a waiting game now..keeping my fingers crossed..Good Luck everyone…just in case you have changed your address and no longer have the acct..you need to contact the settlement administrator for change of address:AB Overdraft Settlement,PO Box 4259,Portland OR 97208-4259…
Do anyone know how do we find out what the deposit credit will be? Did they send out an notice to anyone?
I emailed one of the attorneys listed on the website and received this response –
Rebecca,
Thank you for your email. Eligible class members will receive their account credits on October 9th. Sorry for the slight delay. Thanks.
Regards,
Jason H. Alperstein, Esq.
KOPELOWITZ OSTROW
FERGUSON WEISELBERG KEECHL
200 S.W. 1st Avenue, 12th Floor
Fort Lauderdale, Florida 33301
Telephone: (954) 525-4100
Facsimile: (954) 525-4300
E-mail: alperstein@kolawyers.com
Website: http://www.KOlawyers.com
Admitted in Florida and New York
Jeff…I have been checking my mail and bank acct so far no cash or check….
I have been following this settlement closely and saw that Oct 4th 2013 as the anticipated date to receive class member awards…has anyone out there seen a check or account credit yet? I have not as of 10/5/13
I got a $13.00 check
HELLO,
SORRY TO SAY, I LOST THE CHECK THAT WAS MAIL TO ME FROM YOU AS COMPENSATION FOR ASSOCIATE BANK UNFAIR OVERDRAFT POLICIES. I RECEIVED THE CHECK IN AUGUST. THE AMOUNT OF THE CHECK WAS ABOUT $360+. I MISPLACED THE BINDER WHEN I WAS SHOPPING AND WAS UNABLE TO RELOCATE THE BINDER AND CHECK. I WAS HOPING YOU WOULD REISSUE THE CHECK TO ME, DIANE K. TAYLOR.
(Personal information removed by editor. Top Class Actions is NOT a settlement administrator and does not process claims. Only the settlement administrator can reissue checks.)
THANK YOU FOR YOUR ASSISTANCE.
BEST REGARDS, DIANE
When can I expect payment of the settlement
I’m concerned about missing out on this “US BANK took me for a ride back in 03′ thru ’10 an I had no knowledge of the other suits going on. I do have my Account #’s that these wrong’s were accounted to! In fact with not very much work the info is not hard to trace with the microfilm of my accounts. I’m not sure ,however I may have the records of some these sin’s of “US Bank of them myself. Imagine not knowing from on moment to the next the true balance of my account from the Bank’s activities! I had a friend remind me about the health issues that were intensified due to these atrocities. I’ve tried to access the ‘US Bank record’s an not having my “PIN” from those years ago I’m unable to access my amount’s .
Interested,
Tosha M Flint
toshamoore56@gmail.com