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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
Bunch of crap. I had 1200 in legit claims and got a check for 245 today. Add these lawyers to the list of people screwing us.
i got my check today but the letter i got said i would get $251.30 to 333.20 for a 1600.00 claim but i got 755.23 cause im guessing when i got the first letter i emailed them and said it was bull i guess my b%tching paid off or they had more money than what they thought
I received 2 checks today , one for $5.24 and another for $290.75 my wife and i both filed claims.
Where are you Lux? Wondering if mine will be there when I get home from work. It wont be much but it will help this week.
Just got my check today! I was starting to think I wasn’t going to get it. $65.03. My claim was for over $300 but I’m happy with what I got.
Show me the money Lebowski
Just received an email from the settlement administrator saying the checks are to be mailed tomorrow.
LET’S DO A CRIMINAL LAWSUIT AGAINST THESE CROOKED BASTARDS!!!! NOW THAT’S PAYBACK TIME….AND I AM SERIOUS!!!! And I haven’t gotten a letter OR a check yet as of today….2/27/12!!!
Wahoo – finally got the check – I claimed $19438 in losses and got a check for $75,000! Came at just the right time! Awesome……
Ok – not really – just seeing if anyone is watching – well they still say they will MAIL them by Feb 29th (I hope that isn’t Feb 29th, 2016) – lol. So maybe this week? Will they be delayed again or will we get them in the next 10 days – I think we will receive them sometime by the end of the week or early next week is my vote…..anyone else. 1 for the next 10 days…..:)
Has anyone gotten their check yet?