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Citizens Bank Reaches $137.5M Overdraft Fee Settlement Print Email
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Monday, 30 April 2012 16:18
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Citizens Bank Reaches $137.5M Overdraft Fee Settlement

By Mike Holter

 

Citizens Bank
 
Citizens Bank is the latest bank to reach a class action lawsuit settlement over improper overdraft fee practices, agreeing last week to pay $137.5 million to settle its part in a massive class action lawsuit involving more than 30 banks nationwide.

The Citizens Bank overdraft fee settlement joins Citizens with 12 other banks, including Bank of America and JPMorgan Chase, who have agreed to refund customers millions of dollars in unfair overdraft fees. To date, approximately $750 million will be returned to customers from the class action lawsuit settlements reached in the case In re: Checking Account Overdraft Litigation.

Like the other banks, Citizens Bank is accused of reordering debit-card transactions from highest to lowest, rather than in the order that the transactions occurred, in order to maximize the number of overdraft fees that could be charged to a customer.

Keep checking Top Class Actions for details on how to file a claim for the Citizens Bank Overdraft Fee Class Action Lawsuit Settlement once they become available. Find out how to file a claim for the Citizens Bank Overdraft Fee Settlement here.

 

 

Updated November 21st, 2012

 

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Last Updated on Thursday, 27 December 2012 11:09

Comments   

 
#15 robert 2013-04-10 11:28
I wonder do we have to show all overdrafts fees by paying $8 per month $72 per year or will they automatically pay for all overdraft fees that you should awarded ?
 
 
#14 george taylor 2013-02-17 14:26
i would like to find out about settlement
 
 
#13 michelle 2012-11-29 23:01
You can get any statements online for the past 18 months. Anything before that you have to go into a branch. The cost is 6 dollars per statement. Yes they are still gonna get your money because if you need a years worth of statements it will cost you 72 dollars for 12 statements.
 
 
#12 Sharon D Harper 2012-11-26 21:39
I ONLY GOT A CARD IN THE MAIL FOR TWO ACCOUNTS WHEN IT WAS THREE. THE THREE ACCOUNTS WAS SHARON D. HARPER,ISAAC B. ISRAEL(by SHARON D. HARPER REP PAYEE), ASHER B. ISRAEL (SHARON D. HARPER REP PAYEE). CAN YOU PLEASE SEEN ME THE FORMS TO FILE.
 
 
#11 louis 2012-11-20 17:18
I was apart of this overdraft problem in 2009, can had been charged 650 in OD, but being about 4 years ago, i dont havr that paper that states that. I wonder if i will be able to claim without that proof
 
 
#10 Debra 2012-11-19 19:20
Well it is about time citizens pays the people back.....
 
 
#9 Paul 2012-11-18 18:05
Didn't matter if you have OD protection or not. They gave up on the OD protection account and charged you a "service fee" for dipping into the over draft account. I am assuming that they operated in the same manner in order to charge these fees as well. Hope I'm part of the Class Action even though I had overdraft "protection."
 
 
#8 Sheila Levesque 2012-11-18 01:32
Their crooks despite saying I didn't want OD protection for years They still do!!!
 
 
#7 Sheila Levesque 2012-11-18 01:27
It"s about time I'm on disability and have been screwed for years."
 
 
#6 Kathy 2012-11-17 18:14
Shirley, I received the post card as well today. The phone number is 1-888-273-0426. Best of luck to all of us who have been robbed by Citizens.
 
 
#5 shirley 2012-11-17 17:44
i just received the post card in the mail today , but the phone number is cust off I have 1-888-2 could someone email me the rest of the phone number so I can call thanks
 
 
#4 Patricia Conti 2012-11-17 16:02
I have been charged $40 for a $8 overdraft. I threw away my debt card a year ago because it was costing $300 or more a year to have it. Some overdrafts, most were under $20 , some $2.oo
 
 
#3 Amanda 2012-10-11 15:04
I closed an account I got $850 in overdraft fees in ONE DAY.
 
 
#2 Ethel 2012-06-27 07:49
Wish I had all the money that they soaked this 69 year old woman for o d fees.
 
 
#1 Lisa 2012-05-07 20:56
It's about time! I closed several accounts for this practice.
 

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