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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 received a whole 39.50 after they charged me close to 300.00 after I closed my account and they reopened it to let a debit card bounce. I still haven’t paid it. Does anyone know how I could get rid of this without paying?
so i called last friday and they said my check was mailed on may 23. it is now may 31 and i am STILL waiting to receive it. They had my correct mailing address in their system so it should have been here by now, I would think. Is anyone else still waiting or is it just me?
i gotmy check for 113.61on may 29 better than nothing
Mine was $39.00 my daughters was $56.00 wonder how they decided who got what??
Got mine it was $35.50. Should have been 10 X’s that. Said in the letter that more had claimed then was expected. Bet the lawyers got what they were expecting.
$10.56….crap.
$10.82 some bs
I was told May 23rd 2012
Still pending I quess.
My check is for $24.95
PNC is still doing this .