Sarah Mirando  |  August 5, 2013

Category: Legal News

Top Class Actions’s website and social media posts use affiliate links. If you make a purchase using such links, we may receive a commission, but it will not result in any additional charges to you. Please review our Affiliate Link Disclosure for more information.

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

 

Associated Bank Overdraft Class Action Settlement Approved

By Mike Holter

 

Associated Bank overdraft settlement

UPDATE 10/7/13: Class Counsel has confirmed with Top Class Actions that eligible Class Members will receive their account credits on October 9, 2013. Former account holders will receive their credit via a mailed check. Find out more.

 

A federal judge on Friday granted final approval to a $13 million class action lawsuit settlement between Associated Bank and customers who were charged improper overdraft fees.

On August 2, U.S. District Judge James Lawrence King approved the class action settlement as fair and reasonable, drawing an end to a 2010 class action lawsuit accusing Associated Bank of manipulating customers’ checking account transactions in order to trigger overdraft fees. In addition, plaintiffs alleged Associated Bank chose not to decline transactions that would incur an overdraft fee and failed to adequately disclose to customers that they could opt out of overdraft protection.


Associated Bank denies any wrongdoing but agreed to a class action lawsuit settlement in 2011.

Class Members of the Associated Bank overdraft settlement include all customers who had a consumer deposit account with the bank that was:

  • Opened anywhere other than in Illinois and accessible with an Associated Debit Card between January 1, 2004 through July 26, 2012; or
  • Opened in Illinois and accessible with an Associated Debit Card between April 2, 2000 and July 26, 2012; and
  • Was charged one or more overdraft fees as a result of the bank’s practice of posting debit card transactions from highest to lowest dollar amount.


There is no claim filing process for the Associated Bank overdraft class action settlement; Class Members will automatically receive a cash award credited to their account (if they’re a current customer) or mailed to them as long as they did not opt out. The amount of your payment cannot be determined at this time, but will be based on a number of factors, including how many overdraft fees you incurred and how many Class Members remained in the settlement.

Payments or account credits will be issued after any appeals that may be filed are resolved.

More information on your rights in the Associated Bank Overdraft Class Action Lawsuit Settlement can be found at www.ABOverdraftSettlement.com.

The case is In Re: Checking Account Overdraft Litigation, Case No. 09-cv-02036, U.S. District Court, Southern District of Florida.

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 – 2013 Top Class Actions® LLC
Various Trademarks held by their respective owners

26 thoughts onAssociated Bank Overdraft Class Action Settlement Approved

  1. Jenifer says:

    7$ / 300+ r what people r getting we would all like a refund of 300+ !!!!!!

  2. j says:

    i got mine yesterday for 348.99 was a nice surprise

  3. Pennie says:

    $29.00 ..should of been more but better then nothing…..

  4. Wendy says:

    Hey Paul, did you get $75 for 2 overdrafts? I am still waiting for the mail. Anybody get their mail yet? How much are they paying out for each overdraft? I had at least 3

  5. Pennie says:

    Nothing for me so far…anxiously awaiting the mailman that comes at noon…*to be continued*…lol

Leave a Reply

Your email address will not be published. By submitting your comment and contact information, you agree to receive marketing emails from Top Class Actions regarding this and/or similar lawsuits or settlements, and/or to be contacted by an attorney or law firm to discuss the details of your potential case at no charge to you if you qualify. Required fields are marked *

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.