Follow us on Twitter and Facebook for the latest Class Action Settlement News!

Citizens Bank Reaches $137.5M Overdraft Fee Settlement

By Mike Holter

 

Citizens Bank
UPDATE 2: Payments for the Citizens Bank Overdraft Class Action Settlement went out on September 19, 2013.
 
 
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.

 

We tell you about cash you can claim EVERY WEEK! Sign up for our free newsletter.

 

 

All class action and lawsuit news updates are listed in the Lawsuit News section of Top Class Actions

LEGAL INFORMATION IS NOT LEGAL ADVICE
Top Class Actions Legal Statement
©2008 – 2012 Top Class Actions® LLC
Various Trademarks held by their respective owners.

16 Comments

  • Anonymous May 8, 2012

    It’s about time! I closed several accounts for this practice.

  • Anonymous June 27, 2012

    Wish I had all the money that they soaked this 69 year old woman for o d fees.

  • Anonymous October 11, 2012

    I closed an account I got $850 in overdraft fees in ONE DAY.

  • Anonymous November 17, 2012

    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

  • Anonymous November 17, 2012

    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

  • Anonymous November 18, 2012

    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.

  • Anonymous November 18, 2012

    It”s about time I’m on disability and have been screwed for years.”

  • Anonymous November 18, 2012

    Their crooks despite saying I didn’t want OD protection for years They still do!!!

  • Anonymous November 19, 2012

    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.”

  • Anonymous November 20, 2012

    Well it is about time citizens pays the people back…..

  • Anonymous November 20, 2012

    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

  • Anonymous November 27, 2012

    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.

  • Anonymous November 30, 2012

    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.

  • george taylor February 17, 2013

    i would like to find out about settlement

  • robert April 10, 2013

    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 ?

  • Annie September 18, 2013

    From: Citizens Overdraft Settlement [mailto:info@citizensoverdraftsettlement.com]
    Sent: Wednesday, September 18, 2013 12:00 PM
    To: Subject: RE: Annie

    Dear Annie
    Thank you for your email.

    Currently, the distribution of awards is scheduled for September 19, 2013. This is subject to change. Please continue to check the website for updates.

    If you should have any further questions please don’t hesitate to call our toll free number (888) 273-0426 or visit the website http://www.CitizensOverdraftSettlement.com.

    Regards,

    Jacob G.
    Citizens Overdraft Settlement Administrator

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

View all: