Sarah Mirando  |  February 22, 2011

Category: Legal News

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PNC, National City Bank Overdraft Fee Settlement  
By Sarah Pierce
 

PNC BankAdd 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.

 

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Updated February 22nd, 2010

 

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69 thoughts onPNC, National City Bank Overdraft Fee Settlement

  1. Roger greg Thompson says:

    I would like very much to be reimburst.AS soon as possibel.

  2. bob says:

    We had a secured loan taken out with PNC for $8600.00 which we were trying to reestablish our credit so the money was held in an account to pay for this loan, PNC held $17,000.00 in collateral until the loan was paid off. The way it was set up was that they were suppose to take the payments out automatically each month. Well PNC would call every month for the payments , and to inform us that we would be charged late fees and penalties. I would tell PNC every month that the money was there in the account, We finally got tired of this after the third month and paid off the loan. they kept the $17,000.00 collateral. CAUSE THATS HOW THEY ROLL! do not trust PNC

  3. Joan says:

    When I opened an account at PNC in Sept of 2007 I also opened a joint count for each of my three children, in Oct of 2007 I was missing close to $8,000.00. We went to the bank manager and told her that this account had been compromised and her solution was to open up another account, but she linked the accounts and end result was that money was being sifted from one account to the other. Funds were being stolen. They never did make it right they told us that they would take care of everything and straighten it out not to worry. well at least 150,000.00 was stolen between unauthorized transaction and other fees I was just outrageous. All along they just kept reassuring us that they would take care of it and not to worry. We ended up having 7 accounts opened at once that were linked. They fired the manager and told us that we needed to take our claim to the police we never got any money back.

  4. fern says:

    MARYLAND CUSTOMERS ARE ALSO IN STRAINS BEHIND THESE GUYS!

  5. Charles R. Webb says:

    National City misrepresented themselves along with many other financial institutions at that time period.

  6. Anonymous says:

    i need the number to call

  7. Anonymous says:

    Did anyone else see the notice that now PNC is going to have to pay PNC Reaches $90M Overdraft Fee Class Action Settlement. The website is :
    http://topclassactions.com/lawsuit-settlements/lawsuit-news/2035-pnc-reaches-90m-overdraft-fee-class-action-settlement?utm_medium=email&utm_campaign=Top+Class+Actions+%26+Legafi+Newsletter+July+…&utm_source=YMLP&utm_term=PNCBank+Overdraft+Fee+Class+A…

    Does this mean we could receive more money?

  8. Anonymous says:

    I am wondering if this message board includes West Virginia? I have not received a check yet but they say we will get them in July. I hope mine is more than a measly $40.

  9. Anonymous says:

    i got a letter the other day and it said that i had 3 overdrafts $92.85 which made my balance $-1,226.30 so does this mean i will get a check or not anyone know

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Please note: Top Class Actions is not a settlement administrator or law firm. Top Class Actions is a legal news source that reports on class action lawsuits, class action settlements, drug injury lawsuits and product liability lawsuits. Top Class Actions does not process claims and we cannot advise you on the status of any class action settlement claim. You must contact the settlement administrator or your attorney for any updates regarding your claim status, claim form or questions about when payments are expected to be mailed out.