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.
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 $110 million settlement also marks the latest from a long list of U.S. banks that have settled similar claims in the consolidated class action case In re: Checking Account Overdraft Litigation.
The amount of money Class Members will receive from the Chase overdraft settlement will depend on the number of improper overdraft fees they incurred. Most of these Class Members will receive – or have already received – account credits. Others will receive their settlement checks in the mail before May 17, according to the Settlement Administrator.
The deadline to file a claim was February 8, 2013.
The case is In re: Checking Account Overdraft Fee Litigation, Case No. 9-md-2036-JLK, U.S. District Court, Southern District of Florida.
ATTORNEY ADVERTISING
Top Class Actions is a Proud Member of the American Bar Association
LEGAL INFORMATION IS NOT LEGAL ADVICE
Top Class Actions Legal Statement
©2008 – 2024 Top Class Actions® LLC
Various Trademarks held by their respective owners
This website is not intended for viewing or usage by European Union citizens.
155 thoughts onChase Bank Overdraft Settlement Payments On the Way!
I got 60$ which is 100% a rip off… I closed my account a long time ago.
it’s odd that the amount I got wasn’t even the amount of an od fee. which is 34.00 dollars.so how’s that right?? when they got a lot more than that!!! looks like i’m going to change banks too………
Hello everyone,
I imagine several months ago like me a lot of you receive postcard in the mail explaining the lawsuit against Chase. I believed I was in the group that had an account during the prescribed time that I really didn’t have to do anything. I was under the impression since I cut ties with Chase they would send me a check.I was also under the impression I didn’t have to fill out a claim form.If I am wrong and suppose to fill one out,could someone tell me if I was suppose to.If I was it doesn’t look like I lost out on much
I was shocked to receive only $6.17. I have been doing business with this bank for 13 years as far back as when they were called Bank of NY. They are now posting checks 48 hours after they are presented and back date NSF funds – so they continuing with unfair practices. I need to change immediately to Huntington which I plan to do.
I’d like to know how the Administrators of this lawsuit calculated each person’s award amount. I have been a customer with Chase since 2000 when I lived in NJ and they were formerly called the Bank of NY. I am a little embarrassed to say that I probably had a minimum of 4 overdrafts a year and was charged numerous overdraft fees over the past 13 years – many of which I contested when I knew they posted the highest amount presented first so they could subsequently collect several NSF fees on smaller amounts that followed. I was shocked to receive only $6.17 in this settlement award. What a racket! Be careful! Chase now posts checks 48 hours after they are presented and back dates the NSF
fee.
Was a WaMu/Chase customer since the mid-1980s until about 18 months ago. Best financial move I ever made was to leave Chase and join a Credit Union. Like others here, was charged $1000’s in illegal fees over the years and, today, received my wheelbarrow full of money from the settlement — a whoppin’ $7.98!
Social media and other outlets may have some effect, but even if additional awards are issued to cover actual amounts illegally seized, it still won’t compensate for the massive hits to credit scores for victims. There is simply no way that everyone can be fully compensated, even if JP Morgan Chase is run into the ground and all the executives are thrown in prison and their fortunes confiscated and given to the victims. In fact, it will likely cost me more to pursue this in the amount of time it takes me away from more gainful pursuits. Nonetheless, justice MUST be served. The masses MUST unite. The people MUST be heard. Chase MUST pay!
Yeah… They took almost $4000 from my account, not to mention all of the payments NSF fees I had to pay the people that the overdrafts effected; and my check is $55.03… Im sure glad this was “corrected” (years later). What a joke this so called “settlement” is.
I received a bank deposit of 6.35—hardly commensurate with the amounts taken in illegal overdraft fees. Chase employees always explained to me the the “largest” amount is honored first thus leaving all smaller amounts presented first to bounce!!!
I got a whopping $88 but the check looks fake. Skeptical about depositing it in my bank account. Hhhhmmmm
“Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world.”