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Fifth Third Bank has agreed to a $9.5 million settlement of a class action lawsuit concerning the way it issued overdraft fees. If you paid overdraft fees related to a Fifth Third debit card, check card and/or bank card, you could receive up to three times the amount you were charged from the class action settlement.
According to the Fifth Third class action lawsuit, Fifth Third Bank posted debit card transactions and/or ATM withdrawals in non-chronological order so that the bank could maximize the number of overdraft fees it charged to customers who had insufficient funds. Fifth Third Bank denies any wrongdoing, but has agreed to establish a $9.5 million settlement fund to settle the case, entitled Schulte v. Fifth Third Bank.
If you had a Fifth Third bank account at any time between October 21, 2004 and July 1, 2010, and incurred at least one overdraft fee as a result of the “re-sequencing” of at least one Fifth Third debit card transaction in non-chronological order, you’re considered a member of the settlement class and eligible to receive a cash payment from the Fifth Third overdraft fee settlement.
As part of the Fifth Third overdraft class action settlement, class members who submit valid claim forms by the deadline of May 2, 2011 will be eligible to receive up to three times the amount of overdraft fees they claim they were charged, depending on the total amount of valid claims submitted. If you do not have all of your bank records to support your claim, and your claim is based only on your best knowledge and belief, Fifth Third has the right to contest your claim. Claim forms can be downloaded or submitted online at the Fifth Third Overdraft Settlement Administrator website: www.overdraftsettlement.com.
For more information on how to file a valid claim form for the Fifth Third Overdraft Fee Class Action Lawsuit Settlement, see our Open Lawsuit Settlements section.
Updated November 30th, 2010
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417 thoughts onFifth Third Bank Overdraft Fee Settlement
Fifth Third Bank Overdraft Fee Settlement
regard : bob sanders 5-12-11 I wonder what branch bob works at ?
Fifth Third Bank Overdraft Fee Settlement
Thanks for your comment Ken when I first started to read it I thought there were two idiots like Bob. He is an idiot there’s one in every crowd. Thanks for the observations like bailouts and stealing from the everyday guy, bravo..
Fifth Third Bank Overdraft Fee Settlement
Hi Sue, this info is from law360.com, it is the last docket they list
Fifth Third Bank Overdraft Fee Settlement
Linda, Can I find this filing to get a little more info? tried to find it, but could not.
Thanks
Fifth Third Bank Overdraft Fee Settlement
June 03, 2011 00:00
Notice
Document: 121
NOTICE by Michelle Keys, Amanda Ratliff, Verdel Ratliff Notice of Recent Developments in Further Support of Objections of Michelle Keyes, Amanda Ratliff, and Verdel Ratliff to Proposed Class Action Settlement (Attachments: # 1 Exhibit A – Part I, # 2 Exhibit A – Part II, # 3 Exhibit A – Part III)(Mahoney, Timothy) (Entered: 06/03/2011)
Here is an update on the case they are still working on it in court
Fifth Third Bank Overdraft Fee Settlement
I also have a claim with this company, but I haven’t heard anything concerning the status of my payment. I actually wondered how many others were skeptical about this anyway. Does anyone have the phone number to post for this company so I can call them? I cant seem to locate the original documents that they sent to me months ago.
Fifth Third Bank Overdraft Fee Settlement
any news?
Fifth Third Bank credit card
this bank doesn’t allow me to pay the credit card bill on line. They said that I need a checking account with them.
I’m out of the banking area , in another state so I can’t do that.
I paid by mail but I’ll be late with the payment so they will charge me $35 fee.
I never heard of this condition and their representative are
rude. It sound like a scam..
Fifth Third Bank Overdraft Fee Settlement
Per email response from overdraftsettlement.com on May 31, 2011: “Dear Claimant,
Thank you for your inquiry. We awaiting the Court’s final approval to disburse payments.
Regards,
Office of the Settlement Administrator”
I want my $3K, NOW!!!:'(
Fifth Third Bank Overdraft Fee Settlement
Things that make me go…….HUH? 53rd made mass money with that crap….I have two years of solid bank statements to prove it, I had to threaten to call the police when I went to close my account because they were trying to rip me off for $250.00 By the time I got back in the bank with my paper work …they suddenly found it?????????? They were also a part of the bailout……..That was icing on the cake If you don’t believe me I’ll send you a copy of my bank statements to prove it…just ask!