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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!
May 17th and I haven’t received anything either and I am one of those who lost thousands…..
After received my $47 settlement last week, would you believe that Chase pulled the same crap with my account today? Yesterday I had transactions that posted to my account, with one big item outstanding, the item came through today, but they listed the transactions as if the big item came through first and have charged me overdraft on items that cleared my account while there was still money in there! I called and go absolutely no where with them. I’m fumming.
May 16 and haven’t received anything yet. How do we find out if we get anything?
25 years ago, I opened a checking account with Valley National Bank, which to my knowledge was bought out by Bank One, and then it was named Chase…I’ve had over 7 different account Numbers within this amount of time…Well I sent an email asking for information on how much & when would these checks be sent…I get an email back saying that they only have one account on record…Now I know for a fact that’s bull, even requested a few copies of a couple statements showing these overdraft fees on certain accounts I had…I sent them the information back when I first received there letter regarding the settlement..My contact person told me that on the one account number, I would be receiving a whopping $14 dollars, I’m just NOT SURPRISED at all It’s CHASE you guys that’s what they do to make money and rip off their customers…CHASE HAS RIP ME OFF SO BAD ON OTHER ISSUES ALL SO TO THE POINT I’VE HIRED A ATTORNEY TO GO AFTER THIS DEMON BANK…
WooHoo! Don’t know what I am going to do with my big $5.41 credit in my account! I too was taken for WAY more than that! I even told the people MORE THAN ONCE that they were cheating their customers! I think I might close my account. What a bunch of crap!
My Credit posted to my closed account – only to re-activate the account and incur a 12 dollar monthly fee – which consumed the 2 dollar credit – Nice trick. I then had to cover the difference. Wait two days for “CASH” to post to the account so i can close it again.
Exactly why we left Chase.. Tired of supporting J P Morgan….
45.00 for over 4000.00in fees that they created !wow plus they got bailed out .what a country
Got 4.05 after they robbed me of a lot more than that. Boycott the banks! I can’t believe how this country is robbing us blind left and right…
received 2.71 chase sucks thanks for nothing chase overdraft settlement