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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 account credit today. This is almost laughable. This lawsuit only lined the attorneys and accountants pockets. Grand total of $67.
Ok so I just talked to admin. and checks will be mailed thee 17th mine is gonna be $10.76 I tokd them to keep it apparently Chase needs it more than I do when that doesnt even cover one fee!!!
Has anyone received a check yet or just account credits?
I feel raped yet again by Chase… they took over 4,000 from my account! and i got a whole 8.22 back. I hope everyone and anyone that reads any of these posts leaves ALL of the big banks find a local credit union at least they will respect you!
My credit came today. A whopping $4.11 I am sure I had much more than that (hundreds, I’m sure, in overdraft fees (high-low) during that time. ARGH! AND, the practice was supposed to be discontinued and it has not. I wonder how to complain about that. Twice this year I have been mischarged fees because they did high-low calculations. I called and complained to Chase,, and got no where.
$43! Are you kidding me?? They owe me hundreds!
I will be leaving this bank soon. I don’t trust them at all.
two dollars. This is gran theft. They took almost one hundred in overdraft fees and they refunded me 2 dollars. They subtracted 98% from the original amount. The lawyers are just as thieving as Chase.
I got $2 goddamn dollars!!! I had over $6,000 in overdraft fees during that time period.
This is ridiculous!
We received over $250!!! Doesn’t even come close to what they have taken, but I’m good with it!!!