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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!
$13.73. I lost thousands. At one point, I guessed exactly what they were doing with timing of charges and deposits, and the clerk– let me tone this down. The clerk did not tell me the truth about how this was figured. I did get back that $64, I should have yelled some more. This is the Torture of Hope straight out of de L’Isle-Adams. No sir, no groceries this week for you. You go hungry till the next pay check.
Just heard back from the settlement administrator and I will be receiving a whopping $50.80 by May 17. The greedy people and institutions have ruined this Country. I feel sorry for you youngsters out there.
You guys are making me so depressed. Chase charged me these fees dozens of times over 7 years. I would guess well over $2,000 in highest to lowest unjustified. Now it looks like I’ll be lucky to get $50. What a bunch of crooks…I get generic answers from the settlement administrator and have not received any payment yet. Lawyers and Bankers should all be thrown in jail!
I was young, paycheck to paycheck about 23 years old when I piled up at least 400-500 dollars in overdraft fees over the course of 3 or 4 occurances over 2 or 3 years.
Boy they’d get me
While hardly flush with cash I am fortunate enough to be in a much better position now.
I see I received 3.50 or so from Chase deposited a couple of days ago
So this suit paid about 1% of my fees and several years later to boot
Somebodies pockets got lined on this deal
Shaking my head
Yeah!! real nice got my $30.84 credit and they stuck me with over $650.00 in fees in just two days…what a bunch of junk!!!!! They owed me a couple of thousand for what they pulled…..nevermind the fees the other merchants charged when they returned these items as well…..no accountability these days at all!!!
Got my 5 Bucks..Prayed on paycheck to paycheck living…You Suck Chase Overdraft Settlement!!!
Well folks I don’t feel so bad after reading these comments, I think i spent over an hour and a half filling out the settlement paper work – I think i claimed about $140 in improper fees and my account was just credited a WHOOPING $3.22
It was so worth the effort!!!!!!!!!
I only got $26! BOO!!!
I’ll be moving banks soon..
Got 10$, they took several thousand ;—-;
I received my credit of $1.51. The credit posted on 5/08/2013. It’s insane.