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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
The only way that Citizen bank is going to get what is coming too them if People would stop borrowing and using their bank then they would lose STOP BANKING WITH CITIZENS!!!!!!!!!!!!!!!
Received 208.57… not really sure how many OD fees I was hit with, maybe 700-800, but some of that I was able to get refunded by causing a scene at the branch. Either way its a mess. I do feel my settlement is fair but there are certainly some who received far less than they should have. Unfortunately banks are set up to make serious money in dees off of the average consumer and it doesn’t seem like that will change anytime soon.
Denise- I think it was really arbitrary. One of my family members doesn’t even remember overdrafting and got $20. Others I know of who were charged thousands only got back a $100. They just threw whatever amount at us to shut us up.
There is obviously something wonky going on if D below got $36 with only one bounce fee and other people are getting less than that even though they had more than one bounce fee. That’s impossible if they were doing things correctly.
If your acct closed with a negative balance, which is probably due to the fact that Citizens took things out to make money like they always do then why would they send you a postcard telling you that you are in the settlement? Makes no sense. And if they are not going to refund people I would hope they do not come after the people for the negative balance in their account.
If your acct closed with a negative balance you will not be receiving a refund….just spoke to the settlement admin..
I Received 36.00 seems right, have only overdrafted once total, received Sept. 19, 2013
well I got two one for 7.26 and another for 10.29 making a total of 17.55 come on that isnt correct I should have gotten back a lot more than that what a joke
Nice! My Spouse gets back 3 times more than me. I REMEMBER GETTING SLAMMED BY FEES & my return is ninety dollars. I feel like I’ve been scammed again!
So, some of you got money already. I haven’t received anything yet. I guess, we will see something later next week. I still don’t see any money in the bank yet.