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Payments from Citizens Bank Overdraft Settlement Expected Fall 2013
By Kimberly Mirando
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UPDATE: Payments from the Citizens Bank overdraft class action settlement were either mailed or deposited into eligible Class Members’ accounts starting September 19.
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Consumers who submitted valid claims for the $137.5 million Citizens Bank overdraft class action settlement can expect to see payments in September, according to an update on the Settlement Administrator website.
The credits are part of a class action lawsuit settlement resolving allegations that Citizens Bank reordered debit card transactions from highest to lowest dollar amount in order to rack up overdraft charges.
In March, the U.S. District Court for the Southern District of Florida extended the claims filing deadline for the class action settlement to May 6, 2013.
Distribution of settlement awards is scheduled for September 2013, but this is subject to change. Keep checking Top Class Actions for updates or visit the Settlement Administrator’s website at www.CitizensOverdraftSettlement.com. [See update here.]
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The case is In re: Checking Account Overdraft Litigation, Case No. 1:09-md-02036-JLK, in the U.S. District Court for the Southern District of Florida.
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All class action and lawsuit news updates are listed in the Lawsuit News section of Top Class Actions
70 thoughts onPayments from Citizens Bank Overdraft Settlement Expected Fall 2013
I emailed them and got this response. Looks like on or around Sept. 19th.
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As long as you did not exclude yourself from the Settlement, Settlement Class Members who submitted valid claims and/or are entitled to automatic payments will receive their payments, by account credit to your Citizens or Charter One account or (if you no longer have that Citizens or Charter One account) by check mailed to you at the address Citizens or Charter One has on file. Please contact the Settlement Administrator if you change your address.
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Currently, the distribution of awards is scheduled for September 19, 2013. This is subject to change. Please continue to check the website for updates. If you are entitled to an automatic payment for overdraft fees charged to your account, you do not have to do anything to receive that payment.
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If you should have any further questions please don’t hesitate to call our toll free number (888) 273-0426 or visit the website http://www.CitizensOverdraftSettlement.com
i would not get your hopes up, from what i’ve been reading in regards from past class a lawsuits the lawyers ends up theifing the customer just like the banks were. customers receives. $20.32 to $80.00. the media should definitely be inform ahead of time, to make sure that the citizens get their fair share.
Well at least I know not to waste my time writing them.
I wrote them at the email that the have and the told me what I already know, go to the website about the class action lawsuit. But there still is no update except about the distribution in September 2013, subject to change, I knew all of this months ago. They real need to update and let us know when we will be expecting our money, so we can move on. They rob us just like that and we have to wait. Wow!
They should have not to have been aloud to take this long getting the checks to there victims all they have been doing is getting the interest from our money so these criminals are not out anything People should leave this bank like we did years ago when we knew what they where doing
Wish I had a clue. Probably on the 30th the way they’re going. I hope when people start getting money they’ll post when and how much and how that compares to how much they think they lost.
If I actually got back the amount I lost I think I could pay off my car, but I’m not expecting much more than 50-100 bucks.
Excellent question I can’t find any info regarding when in September checks will be awarded
does anyone know when this month the checks will be sent out
does anyone know when this month the checks will be sent out
does anyone know when this month the checks will be sent out