Sarah Mirando  |  November 23, 2012

Category: Closed Class Actions

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Award (how much your claim may be worth): You can receive a cash refund from the Citizens Bank overdraft fee class action settlement.

 

 

Class Action Lawsuit Settlement Case(s):  In Re: Checking Account Overdraft Litigation, Case No. 09-md-02036-JLK, U.S. District Court, Southern District of Florida.

 

Company(ies):CITIZEN FINANCIAL GROUP, INC.; RBS CITIZENS, N.A. 

Citizens Bank

 

 
 
 
 
 
 
Website of the Class Action Lawsuit Settlement Administrator (FILE YOUR CLAIM HERE): www.CitizensOverdraftSettlement.com

 

Address to submit a claim form (REQUIRED):

 

Some Class Members (see below) must submit a Claim Form in order to receive a refund from the Citizens Bank overdraft fee settlement. Claim Forms must be submitted online at www.CitizensOverdraftSettlement.com or mailed to the following address no later than May 6, 2013:
 
Citizens Overdraft Settlement
P.O. Box 3410
Portland, OR 97208-3410

 

Phone Number to call for assistance: (888) 273-0426

 

Details: The Citizens Bank overdraft settlement will resolve a class action lawsuit, titled In Re: Checking Account Overdraft Litigation, that alleges the bank reordered debit-card transactions from highest to lowest, rather than in order to maximize the number of overdraft fees that could be charged to a customer. The plaintiffs allege that, instead of declining transactions when an account had insufficient funds to cover a purchase, Citizens authorized the transactions and then processed them in highest to lowest dollar order, which had the effect of increasing the number of overdraft fees the bank charged its customers.

Citizens Bank denies the allegations but has agreed to a $137.5 million class action lawsuit settlement to resolve the litigation.

Class Members of the Citizens Bank overdraft class action settlement include anyone who:

• Had a Citizens consumer deposit account that you could access with a Citizens debit card anytime between January 1, 2002 and August 13, 2010, and/or had a Charter One consumer deposit account that you could access with a Charter One debit card any time between July 25, 2005 and August 13, 2010; and/or

• Had an Acquired Bank consumer deposit account that you could access with a debit card between January 1, 2002 and August 27, 2007; and

• Were charged one or more overdraft fees as a result of posting Debit Card Transactions from highest to lowest dollar amount.

Some Class Members do not have to file a Claim Form to receive a payment. They will automatically receive their refund. However, a number of Class Members will have to file a Claim Form by the deadline of May 6, 2013 to receive any money from the Citizens Bank overdraft class action settlement. See Page 5 of the Settlement Notice for more details.

The amount of money you can receive from the Citizens Bank overdraft fee settlement will depend on the number of overdraft fees charged to your Citizens, Charter One or Acquired Bank consumer deposit account as a result of the improper debit card transaction reordering between January 1, 2002 and August 13, 2010.

A Final Fairness Hearing is scheduled for March 7, 2013.

Claim Forms and more information on your rights in the Citizens Bank Overdraft Fee Class Action Lawsuit Settlement can be found at www.CitizensOverdraftSettlement.com.

Purchased or Leased From:  

Citizens consumer deposit account: January 1, 2002 to August 13, 2010

Charter One consumer deposit account: July 25, 2005 to August 13, 2010

Acquired Bank consumer deposit account: January 1, 2002 to August 27, 2007

 

Claims must be postmarked by: 5/6/13

 

Settlement Administrator(s): Eqiq Systems, Inc.

 

Class Counsel:

 

Bruce S. Rogow, Esq.

BRUCE S. ROGOW, P.A.

 

Aaron S. Podhurst, Esq.

PODHURST ORSECK, P.A.

 

Robert C. Gilbert, Esq.

GROSSMAN ROTH, P.A.

 

Ted E. Trief, Esq.

TRIEF & OLK

 

Defense Counsel:

 

David F. Adler, Esq.
JONES DAY
 
 
UPDATE 6/17/13: Distribution of Settlement Awards in the Citizens Bank Overdraft Class Action Settlement will be made in September 2013.
 
UPDATE 10/7/13: Payments for the Citizens Bank Overdraft Class Action Settlement went out on September 19, 2013.


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77 thoughts onCitizens Bank Overdraft Fee Class Action Lawsuit Settlement

  1. Marchlene Franklin says:

    I close my account in 2012 because they keep taking money all the time telling me i was over drawen so i close it

  2. Nat says:

    The bank is STILL doing this. I recently overdrew on two transactions – one for $3.00 and the other was for a check of $110.00 (on the same day). At the time of the withdrawals, I had a little over $100.00 in my account and the bank, instead of paying the small transaction and just charging me a fee for the larger check, ordered it from largest to smallest so I would be fined twice – $37.00 for each transaction! This bank is sooooo corrupt!

  3. Catherine says:

    They’re still doing it!!!!! WTF?
    checks for 87.00 & 17.00. A slap in the face after the total they took.

  4. jeninne says:

    got a check for $17.73 they took $650 from me bunch of crooks

  5. Leah says:

    We recieved $98 in a check. Wondering if we shouldve gotten more. Wasnt there somethign that sd if it were negative and closed they would cover that cost first and we’d get remaindeR? I could be wrong. But due to ID theft, we closed our account, then a month later got a notice saying our acct was overdrafter over $2000. Impossible if it closed when it was suppose to be closed….

  6. fawn bent says:

    over draft .79cents they charge me 35.00 one day . than day two 35.00 more than 120.00 in 2 weeks … so than its up to 500.00 .. nice so I get a check for 11.17 gee that fixs it

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