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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!
I received a tax return check that wamu/chase held for 10 days. Every check I wrote including my rent check was returned incurring a fee with every return. Some items were resubmitted incurring additional fees. In the end a tax return check of about $4500 made this bank about $1500 in overdraft fees in less than a week because they chose to hold it. I went to the bank and of course they, the ones who made the decision, said there was nothing they could do. I actually knew someone who had a friend who worked at the bank who actually recovered $100 for me. Oh, my check was only about $16.
I would also like to know where my check is. Ihave sent in two emails, I’ve called the number, and been watching and waiting to hear from someone one. Anyone! Even if it just a 5$ check in today’s economy I’d be mighty appreciative. Thank you Mrs. Lewis
I received a check for 6.17. AND no bank will cash it LOl Waste of paper
I wrote a letter saying I had thrown the postcard away by mistake & my bank statement said I was to receive over 60 dollars I wrote a letter saying that I had thrown it away & your letter said I said I didn’t receive it when in fact I just need it replaced because I threw it away
I would like to know how long this is going to take, my friends got there refund
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You guys are a joke. Complaining about receiving 5 bucks, when in fact, you would have gotten nothing and should get nothing because you did absolutely nothing to get this. Were Chase wrong in doing what they did? Maybe…if you thought it was wrong why didn’t you file your own lawsuit years and years ago as so many of you claim? You all talk about having chase for 5-15 years and still paid these ‘wrong’ fees like complete buffoons. What were you even getting overdraft charges for anyway? Don’t know how to handle your credit? Are you broke? Cheap? Running your cards to max? In the end it’s YOUR stupid fault so don’t complain when you get an amount that is a mere few bucks.
I recieved a Chase settlement check. It bounced. Gee, thanks.
Just got a check for a cool $
1.94
Hundreds of dollars taken from Chase with criminally delayed and stacked/manipulated NSF fees, only to receive a $9.07 check. LOL – Practically a slap in the face.