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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!
You will not get back what they took from you. I got $4.23 What a slap in the face.
You have to keep in mind that the the money is subtracted from the lawyers and court costs that had to be paid and I am sure other things went into it. Plus is also they are not at fault for every overdraft transaction.. FYI you can call 3 times a year and if you have a good reason for your overdraft they will reverse the fee. Keep in mind if you don’t want to pay the fee don’t spend more money than you have! Simple thing to remember.
Well I just got my credit last night. It was for $43! They owe me at least a couple of thousand dollars. I’ve been an account holder for almost 20 years and had hundreds of overdraft fees and I get $43! I should have opposed this settlement. This is just another instance of these huge banks screwing us!
I was in this lawsuit and to my SUPRISE I oly got $3.85 wow.
I wouldn’t get too excited about getting what you had deducted in these fees. I had over $1000 in fees assessed during this time because of their higher to lower practices. I received the credit this morning into my bank account and it was a whopping $22.64. A far cry from what they actually charged me. Not sure where they get their figures from. This credit is less than one fee.
Hi…This goes out to Robert Atchison #14.Web address https://chaseoverdraftsettlement.com…..Email is info@chaseoverdraftsettlement.com i believe that email is for something adminestrator..
I never received notice about claim forms, and my wife and I were definitely part of those Chase customers who were affected by this misguided act. Is it still possible to file a claim? If not, what happens to all the money not claimed by people like us? Inquiring minds want to know.
I spoke with the administrator yesterday and they stated they dont know how much each individuals check will be or when they will be sent out other than by the 17th. Also at #11 D you can email the administrator and let them know your address has changed and send them your new one. The administrators email address is on the chase settlement website.
WHat is the email?
I’ve moved and I don’t have a chase account. How will I receive a check?