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Add PNC Bank to the growing list of banks settling class action lawsuits over unfair overdraft fees.
PNC Bank agreed to a $12 million class action lawsuit settlement to settle claims it misled customers about their account balance, concealed its overdraft policies and reordered electronic debit transactions from the highest dollar amount to the lowest dollar amount in order to “deplete the customer’s available funds as quickly as possible while maximizing the number of overdraft fees collected.”
Under the terms of the proposed $12 million overdraft fee class action settlement, Washington customers of National City Bank, which merged into PNC in 2009, who held an account during the class period and incurred at least one overdraft fee associated with at least one National City debit card transaction that was not previously reversed, refunded or returned to them by the bank are eligible to join the class and receive settlement benefits.
If the proposed class action settlement is approved, class members in Washington will receive $36 for each eligible overdraft charge incurred during any two calendar months between July 1, 2004 and August 15, 2010.
No settlement notice or administrator website is available yet for the National City PNC Bank Class Action Lawsuit Settlement, but we will be sure to notify you when they become available.
UPDATE: The Settlement Administrator website for the National City, PNC Bank Overdraft Fee Class Action Settlement is up. Click here to read more about how to file a claim to receive your cash benefits.
Updated February 22nd, 2010
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69 thoughts onPNC, National City Bank Overdraft Fee Settlement
I just got my letter from my lawyer TransUnion Class Action Lawsuit isn’t going to be paid for another 12-months and you know we won’t be getting interst on that money either! They should have to pay interst on the money they owe us then maybe they would pay us quicker Ha-Ha!
Me and my husband had a account and we had to close it to because of overdraft fees. I had direct deposit and the company I worked for payroll was threw them and I lived and worked,banked in the same town.National City is not the only bank that rob’s you there is a class action law suit against Trans Ohio and we banked with them for 20 years! Another bank robber is US Bank we had our pension invested with them and lost big time they tell you they can make your money grow well were did the $10,000 we lost go?And the IRS doen’t give you credit for the money you loss. But they tax you twice for taking any of it.I say keep your money in your pocket ! At least you will know where it is and if you loss it you can take the blame.
The experience I had with National City bank was horrible, I was told by a National City bank representive that I would be okay and have no overdraft fees. However, the representive told be a lied. I had to borrow money from my 401 K because the fees were over $1,000. plus give National City a full pay check.I had accumulated so many overdraft fees that I had to close my account.. I had to borrow from friends until I received my next paycheck. National City deserve to be punished for the damage they cause for many people.
Has anyone heard anything? I sent the company an email and they said I would not receive any further information..how am I suppose to know if I am getting anything, when and how?
Any update on this would be great, at least a letters stating when or an about when or we will be getting this?
So it said that we would receave up to 3 times of what they overdrafted us… My friend said he did a class action with a bank one time and he was so mad… He said that he got a check for 17 dollars…. What do you think we will really get???? And they also said that if we check the box where they will pick the two months where the bank took the most money from us. I did pick the one that they would find the months that they hit me with the most overdraft fee’s for me… I hope that they get the right ones cuz i did my home work and i should be getting at the least $1,500.00 back. and if like they say it could be up to 3 times of what we paid. i would possably be getting $4,500.00 back???? Does anyone really think we will even really get are money???? So there telling us that if there is 12,000,000.00 people that we would only get $1.00 each?????? This bank has realy put me in a hugh bine a few times…
when are we going to hear about our money, it is OUR MONEY,
I’m on Social Security, I need It.Also need my credit cleared, they said they reported it to them.It was their fault.
PNC, National City Bank Overdraft Fee Settlement
my account was .06 cents short they charged me $39.00 overdraft fee.
PNC, National City Bank Overdraft Fee Settlement
I withdrew 20$ that I thought I had- a check had not cleared I guess that should have. After the initial 35$ fee it was 8$ each day. I argued with the bank and told them I was not paying the 8$ a day- took forever to close the account and I remember saying they should be sued! I don’t care what I get from them but I am happy they are learning that ethics count!
PNC, National City Bank Overdraft Fee Settlement
Dana: The settlement hasn’t gone thru yet and even when it does it’s going to take a long while before you see anything from it, it can be a year or more in some cases. I can’t wait, I know I have a whole lot of money coming off this one! They illegally took funds out of my account and then started charging overdraft fees on top of overdraft fees and wouldn’t let me close the account. I just let them sit and spin at that point and they must have charged 100 overdraft fees over a 2-3 month period. Oh well not my concern and now I may get a whole lot of money out of them for their stupidity! yay!