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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
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69 thoughts onPNC, National City Bank Overdraft Fee Settlement
Don’t expect to receive all of your money back. We just won in a class action suit against Fifth Third Bank and we filed our claim as having over $400 in overdraft fees over a 45 day period. We were also told that we could get as much as 3x that amount back. We just got a letter the other day and guess what we are supposed to be expecting to receive? Between $60 and $90! What?! But I guess it’s better than nothing at all.
Can we find out the name of this scum bag that has held this up? I want my money. Its unforgivable that someone would appeal this, at this point in time.
Unfortunately, someone has made an appeal on this case. It will be another year before it is settled. I hope the man who appealed this sleeps well at night.
I called today and the settlement has been appealed soooooo can’t say when we will get our money. what they did was at midnight take out any checks I wrote, etc THEN they’d make my deposit, so I started out in the hole and then my deposit would cover all the fees. They owe me a boat load of money and I want it back! The only bigger shysters in this world are health insurance companies
Website (nationalcityclass.com) now says there is an appeal and it will be most likely 2013 when payments go out. They shouldn’t pay the lawyers since the only got $12M and the WellsFargo Overdraft lawsuit got $203 Million. They are all crooks!
National City Bank, were “Crooks”simply put. I appreciate the class action suit, but $12m is not nearly enough to put a dent in what the took from us. The attorneys have to be paid right?
I was charged over $600 a month for over 2 years. Everytime I sat in the office of a manager, I was told I paid National City over $7000 in 2 years. I’m a single mom and I gave National City $3500 a year to bank there…. Nice!
I was charged overdraft fees in excess of $450 … and was charged more after I deposited $500 cash … National City held the cash deposit, charged overdraft fees and said, even though I deposited cash, all deposits were held for 5 days prior to being available. Unfortunately I have received zero notification about anything … yet.
I am guessing I will receive nothing, at this point …
Questions? 1-866-960-5706 i called. Lady said final hearing will be over 12/30/11 as long as there are no appeals… Should expect our checks by Spring 2012.
Eight months later and they are still reordering 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.”. That debit card purchase in mcdonalds could cost you $144