Www.USBankOverdraftSettlement.com – U.S. Bank Overdraft Class Action Lawsuit Settlement
This is another overdraft fee case. This time it involves U.S. Bank. Many of these types of cases have been settled with other banks. this is for the checking account customers of the banks. These customers had to pay overdraft fees that were not right. The bank like other banks that have settled basically arranged the customers transactions from highest to lowest. They did not list them according to the order that they transactions were made in. This rearrangement from highest to lowest has led to the overcharging of fees. Also the banks did not decline the the transactions that caused the overdraft. They accepted the transaction and then rearranged them so that they could charge the customers more fees than normal. You can go to the www.USBankOverdraftSettlement.com site to get more information on this.
I have taken part in some of these settlements. If you are eligible, you will usually be notified in the mail. So if you did get something then you know that you are definitely eligible. By something I mean that you should get a notice in the mail. Sometimes you may get the notice sent to you in your email. So you may want to check that too. If you do get a notice, I would suggest that you read it. There is a lot of information there that you can get. So if you have questions, that is one document you can go to. Another place of course is the U.S. Bank Overdraft Class Action Lawsuit Settlement website at www.USBankOverdraftSettlement.com. In order to access the site, you will need to login with your username and password. You can either select the Standard login or the Windows login. You will be able to get help if you have forgotten your password.
So you can take part if you live in the United States and you have a U.S. Bank checking account and you have been charged overdraft fees during the class period. There are different class periods for different states. Depending on where you live, the time period can be between April 1, 2003 to August 15, 2010, October 19, 2004 to August 15, 2010, May 12, 2005 to August 15, 2010. If you wish to take part, right now there is nothing that you need to do. This means that you do not have to file a claim form in order to get the money or the benefits from the U.S. Bank Overdraft Class Action Lawsuit Settlement.
Usually when you get something from cases like this, you may get a check. However, in this case, the amount that is owed you will be credited to your account. Your U.S. Bank account that is. You will still get a check in the mail if you no longer have an account at that bank. So if you are one of those who do not have an account anymore, then you should make sure that the settlement administrator has the correct address for you. If you did not get anything in the mail that should tell you that the address that is on file for you may not be correct. So you should double check to make sure so that when the check is mailed to you, you will get it.
The case is In re: Checking Account Overdraft Litigation. The case number is 1:09-md-02036. Whenever you write to the court, to any of the legal counsel or even to the settlement administrator, you should provide this information. This is so that the person receiving your correspondence will know which case you are referring to. Sometimes we get so engrossed in writing that we forget that the person receiving the correspondence may not know. And we also forget that the person receiving it may also be receiving thousands of other correspondence. So if you do not specify, they may not know what you are referring to. This can also delay the response that they can provide to you.
The amount of the settlement funds is $55 million. You will get a portion of this amount depending on the number of overdraft fees you were charged. If there are tons of people who are eligible, you may even get less than what you should. This is because this money will be divided equally among all those who are eligible. In addition legal fees and other expenses will also be taken out of this fund.
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