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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!
Well over $1000 in fees. Got check for $9.86.
what a joke.
Isn’t it great Chris? This “settlement” was for 20% of the amount they allege Chase stole from us. So Chase stole $810 million us in bogus fees by using deceptive business practices, agreed to give back 20% of it ($162 million) of which the lawyers took 30% ($48.6 million). That means Chase profited $648 million of OUR money yet did not admit any wrongdoing. What a joke is right.
Chase stole probably about $1,000 from me during this period. I just found out about the settlement this week. They sent a notice and a check to an old address where I haven’t lived in almost six years. Is there anything I can do about it? I hate Chase. One of the most evil banks in America, without question.
don’t think check ever arrived. Not really surprised
I never received a check in the mail. I am no longer with Chase and I know I was certainly due some kind of settlement amount, being that Chase took thousands over the years for NSF out of my account. Something would be nice.
I got my postcard/check today…$49.83……I was skeptical at 1st…..I TOOK IT TO THE BANK WHO ISSUED IT…US BANK…They happily cashed it for me. WINNER WINNER CHICKEN DINNER
Yes! i feel Chase has treated me unfairly.
Got a postcard looking check for $6.35 no won will cash it
Is it too late, I never got my check. I have move a couple of times since. What do Ii need to do to get my check?
Up date address i move from5050sunflower.st#34houston 77033 to crockett.tx75835 1406 colecreek.ln#402 my number 832-517-3499
Who do I contact regarding this lawsuit? I should have automatically received the funds in my account, but never did.