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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!
Got my whooping 1.98 check the other day.Chase bank is
I just recieved a check for 14.04 this is pittful that isn’t even what they charge for overdraft… smh …. where is the rest of the money…
Melanie, dont get your hope up !!
After over 3000.00 in overdraft fee’s, I got a check for 18.51 .. I feel lucky compared to some of the amounts I have seen on here. Something has to be done about this institution. They rob us on overdraft fee’s, then we cail them out ? WOW …..
i have not revc’d a check or account credit yet. from reading all of the comments above….i’am so disappointed with the banking system. SHAME ON THEM!!!!
$1.81- laughable. I’m shredding mine as I hope to waste the accountants time needed to balance their books :)
I received a check for $1.51….wasn’t expecting this at all. My first thought was…is this a joke?
Got a check yesterday for $156.56
I got my check for a whole 1.81 and it was there fault to begin with for the overdraft and never would correct it. So now i want to know if their stupid mistake will come off of my credit.
Well the question is what to we do about it can we do anything this is a disgrace and insult how many people were involved where is the 110m moo