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Associated Bank Reaches Overdraft Fee Class Action Settlement
By Matt O’Donnell
UPDATE 2: Payments in the Associated Bank overdraft settlement will go out October 9, 2013.
UPDATE 1: A federal judge approved the Associated Bank overdraft class action lawsuit settlement on August 2, 2013.
Associated Bank is the latest bank to reach a class action lawsuit settlement over charges it manipulated customers’ debit card transactions and checking account deposits so it could deplete their accounts and trigger overdraft fees.
According to the Associated Bank overdraft fee class action lawsuit, Associated Bank charged debit card users an overdraft fee of $37, regardless of the amount of the overdraft, and chose not to decline the transaction that would trigger the overdraft or inform customers that they were short of funds. The bank is also accused of failing to adequately disclose to its customers that they could opt out of overdraft protection.
Associated Bank is one of more than 30 banks accused in the multi-jurisdicational class action lawsuit, later consolidated in Florida federal court, of the overdraft fee violations. The case is In Re: Checking Account Overdraft Litigation.
Associated Bank agreed to pay $13 million to settle its part in the bank overdraft fee class action litigation. Several other major banks, including Union Bank and Bank of America, have also reached class action settlements.
The Associated Bank overdraft fee class action settlement still needs final court approval before it becomes effective.
The case is In Re: Checking Account Overdraft Litigation, Case No. 09-cv-02036, U.S. District Court, Southern District of Florida.
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66 thoughts onAssociated Bank Reaches Overdraft Fee Class Action Settlement
Joe I just called that number and it is no longer in service.
I just my account with associated bank because of money taking out at the wrong time and overdraft fees and bounce check fees. Can I have that 1800 number plz.
This bank is criminal- cost me so much money.
They paid the biggest item first and then over drafted a $37 fee on at least half a dozen of the other items to clear.
I called them out on it several times and closed my account.
I do not know how they are still in business.
you get a letter in the mail, then wait for your check. I don’t think you have to call the 800 #. I did and it was just an informative #. you don’t speak to an operator, it doesn’t give you the option to talk on either.
1800 288-2393 move fast everyone this is the number….
Does anyone know the 1-800 number to call for this? I got a letter in the mail about this from a lawyers office, and it had an 800 number to call and I can’t find the letter now!!!
I was told four times that I couldn’t opt-out of overdraft protection. It took over a month to finally have them remove it
4032 N 41st Street Milwaukee, Wi 53216 is my address
when do we know when we get our money
That is good news. Where do I get my money?