Sarah Mirando  |  April 30, 2012

Category: Legal News

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Citizens Bank Reaches $137.5M Overdraft Fee Settlement

By Mike Holter

 

Citizens Bank
UPDATE 2: Payments for the Citizens Bank Overdraft Class Action Settlement went out on September 19, 2013.
 
 
Citizens Bank is the latest bank to reach a class action lawsuit settlement over improper overdraft fee practices, agreeing last week to pay $137.5 million to settle its part in a massive class action lawsuit involving more than 30 banks nationwide.

The Citizens Bank overdraft fee settlement joins Citizens with 12 other banks, including Bank of America and JPMorgan Chase, who have agreed to refund customers millions of dollars in unfair overdraft fees. To date, approximately $750 million will be returned to customers from the class action lawsuit settlements reached in the case In re: Checking Account Overdraft Litigation.

Like the other banks, Citizens Bank is accused of reordering debit-card transactions from highest to lowest, rather than in the order that the transactions occurred, in order to maximize the number of overdraft fees that could be charged to a customer.

Keep checking Top Class Actions for details on how to file a claim for the Citizens Bank Overdraft Fee Class Action Lawsuit Settlement once they become available. Find out how to file a claim for the Citizens Bank Overdraft Fee Settlement here.

 

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16 thoughts onCitizens Bank Reaches $137.5M Overdraft Fee Settlement

  1. Anonymous says:

    Well it is about time citizens pays the people back…..

  2. Anonymous says:

    Didn’t matter if you have OD protection or not. They gave up on the OD protection account and charged you a “service fee” for dipping into the over draft account. I am assuming that they operated in the same manner in order to charge these fees as well. Hope I’m part of the Class Action even though I had overdraft “protection.”

  3. Anonymous says:

    Their crooks despite saying I didn’t want OD protection for years They still do!!!

  4. Anonymous says:

    It”s about time I’m on disability and have been screwed for years.”

  5. Anonymous says:

    Shirley,
    I received the post card as well today. The phone number is 1-888-273-0426.
    Best of luck to all of us who have been robbed by Citizens.

  6. Anonymous says:

    i just received the post card in the mail today , but the phone number is cust off I have 1-888-2 could someone email me the rest of the phone number so I can call thanks

  7. Anonymous says:

    I have been charged $40 for a $8 overdraft. I threw away my debt card a year ago because it was costing $300 or more a year to have it. Some overdrafts, most were under $20 , some $2.oo

  8. Anonymous says:

    I closed an account I got $850 in overdraft fees in ONE DAY.

  9. Anonymous says:

    Wish I had all the money that they soaked this 69 year old woman for o d fees.

  10. Anonymous says:

    It’s about time! I closed several accounts for this practice.

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Please note: Top Class Actions is not a settlement administrator or law firm. Top Class Actions is a legal news source that reports on class action lawsuits, class action settlements, drug injury lawsuits and product liability lawsuits. Top Class Actions does not process claims and we cannot advise you on the status of any class action settlement claim. You must contact the settlement administrator or your attorney for any updates regarding your claim status, claim form or questions about when payments are expected to be mailed out.