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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
Mad I received a check for $9.10 when I paid over $200.00 in fees in a 3 month time frame!!! Can someone please explain how I paid $35.00 numerous times to only get this amount back!!
We recieved $98 in a check. Wondering if we shouldve gotten more. Wasnt there somethign that sd if it were negative and closed they would cover that cost first and we’d get remaindeR? I could be wrong. But due to ID theft, we closed our account, then a month later got a notice saying our acct was overdrafter over $2000. Impossible if it closed when it was suppose to be closed…any ideas?
I got scammed by a company to be a secret shopper while I was on maternity leave2yrs ago. I even talkedto the cashier about how cool it would be.etc. anyway..the check was a fraud & Citizens CLOSED my account. I had been a loyal customer since 1999 when I started college. All my TDI checks the whole time of maternity leave were being deposited still automatically. These ppl made me life hell in Rhode Island. Train your tellers. Educate them & your bank members to not be frauded.
This is the only promise the bank kept. Got my check yesterday.
Does anyone know exactly who the Claims Adminstrator Is ? Was told my check was mailed on the 19th, but said they didn’t have the amount. Still haven’t received it as of the 28. How can you not have access to that info if you are the one paying these claims???
On 9/28/13 I received my settlement check for $14.34. What a rip off. How can you only get that much money back when one over draft fee is $37.00. The time period for over drafts was from 2002 to 2010. I know for a fact that I had at least 100 overdrafts, if not more. According to my calculations that is at least $3700.00, if not more. The only persons that made out are the lawyers. If the court system allows this to happen, then they are a big farce.
well i would be happy to get something being that they took whole paychecks from me…i went and questioned the bank and was told it was my fault…how do i find out if im getting a check
I had one overdraft fee for $22 in 2002…I got a check for $67.07. Not sure why that amount?
I received a check for the amount of $58.75..After reading some of the comments below I suppose I should be thankful, but the truth is, I believe you owe me a lot more than that $ 58.75..you have been slamming me with OD fees for years that were not my fault. Please look into it further, I would expect another $ 1,000.00 or more.
I banked with them for a few years back in 2006-2009 and had a horrible time with them. I had two paychecks deposited into someone else’s account. When I walked in to withdrawal some money they informed me I had no funds and tried to tell me I was obviously mistaken about depositing my paychecks because there’s no way they could have deposited it into another account by mistake. there was an investigation and the branch manager found my funds were deposited in someone else’s account. As if that wasn’t an inconvenience enough they wouldn’t let me have access to my funds for about a week after that…. I made sure there was enough to cover my previous transactions up to that point, withdrew all my money and transferred banks. Then to top it all off, about a month later I received a letter from them saying my account could not be closed until my overdraft fee was settled. When I called to let them know it was a mistake and they said there was nothing they could do. At the time I had just left for Basic at lackland afb in TX and they said I would have to physically come in to resolve the issue. It wasn’t possible for me to do that so my account racked up close to $700.00 in overdraft fees then expected me to pay it before i could close out my account with them. I no longer bank with them .By far the most horrible banking experience I’ve ever had. I now have USAA and have never once had an issue. After all this I was awarded $107 which is nothing considering the amount I had to pay them for their mistakes. My check was sent to an old address from years ago. luckily the people knew me who now live there or I would not have received my check.