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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
Someone had posted they received $32 and when I called they said the checks will not be sent out until May 23rd. The website says they will be sent by May 23rd. No consistent information.
Has anyone received their money yet? Just called and was told we should be paid my May 23rd. Should be interesting…
it may not be much. but it was mine and i would like to get to get it soon.
still waiting to hear about the settlement.wonder how long it will take to get money.
When will we know if we will be getting some money from the settlement. I filled out the paper work but I have not heard anything.
Been quiet here, anyone get their check yet?
Has anyone received there money from the settlement yet?Just wondering what kind of money there paying out?what ever we get will never be enough for the pain and suffering the put us through!!!!! I HATE PNC THEY ARE ALL CROOKS TRYING TO SCAM PEOPLE OF THERE HARD EARNED MONEY! I HOPE THEY GO UNDER SOMEDAY!
Maybe just maybe an appeal was in order! I want paid as well but lets face it, we are not going to get much after the lawyers skim their 4 million. Maybe the appeal will actually increase the amount of $$ that we eventually get? Just a thought….
PNC bank was absolutely horrendous when we had them. hundreds of dollars a month for their fees. We switched to a credit union over a year ago and I could not be happier!
Beware of Huntington Bank also. When you view your account online, it is not accurate. Online banking said I was overdrawn by $48. They give you 24 hrs to get a positive balance before charging fees, so went to bank next day and deposited $100. Should have been $52.00 to the good, but started rec’g notices that I was overdrawn. Went to bank and was told online banking is not what they see in the bank. $48 overdraft is now $597.00. Sounds good $100 to open acct. 24 hrs to make overdraft good with no fees, but beware..they are also a rip off. Why would my view online of my account, be different from theirs? Just another scam! I plan to start a class action suit, so if you had bad experience, please post.