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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
All class action and lawsuit news updates are listed in the Lawsuit News section of Top Class Actions
Top Class Actions Legal Statement
69 thoughts onPNC, National City Bank Overdraft Fee Settlement
when are the settlements comin?
As part of the $12 million National City class action settlement, National City will pay class members $36 for each eligible Overdraft Fee they incurred during the class period. However, if the number of people filing claims is small enough, you may be able to receive up to three times this amount! Payouts will begin 3/2012 at the earliest.
Source of number:
http://www.classactionsettlementnews.com/national-city-bank-overdraft-fee-class-action-lawsuit-settlement
(202) 973-0900
This Bank in Ormond Beach, Florida at Ormond by the Sea had welcomed me with open arms and the lady there said that she use to work for Bank of America and was familiar with the way they operated. Well she was so familiar with B of A and found them doing the same tactics of stealing money from me and many other customers. I ended up one day owing them 1600.00 and when they had my auto deposit for my V.A. benefits, they took full advantage of charging me and never once was I contacted about this. What crooks and wonder how can the courts work for them allowing only a small percentage to be refunded. Why is there no jail time for them. What is WRONG with our judicial system or are they part of the problem.
We are still waiting to hear something back they clear out my whole account with overdrawn charges . We to this day still haven’t heard from them . Does anyone have a phone number so we can find out something . thanks
I actually called the law firm handling this case last month and I was told that they were just waiting on the courts final decision and that there were no appeals pending…funny thing is that I got a e mail today after sending them one to ask if there’s been any changes and NOW there’s a appeal pending..I could be wrong but something seems fishy to me.
It always seemed like they held transactions until our acct was low.Some transactions were 2-3 wks past (not checks either) then all of a sudden an overdraft.When confronted bank manager,she laughed.
It is interesting that the big bank wanted money so badly that it resorted to shifty ways of getting it from it’s customers. Now the customers just want what is fair, but shifty ways still standing in the way.
I am a part of the suit against Nat’t City but the only people who will get rich off this is the the firm of attorneys who are handling this. From what I understand you get 36.00 for 2 transactions and “up to” 3 times that amount. The up to means could get or not get. The most anyone should look for is 72.00 ..