Payments from Citizens Bank Overdraft Settlement Expected Fall 2013
By Kimberly Mirando
UPDATE: Payments from the Citizens Bank overdraft class action settlement were either mailed or deposited into eligible Class Members’ accounts starting September 19.
Consumers who submitted valid claims for the $137.5 million Citizens Bank overdraft class action settlement can expect to see payments in September, according to an update on the Settlement Administrator website.
The credits are part of a class action lawsuit settlement resolving allegations that Citizens Bank reordered debit card transactions from highest to lowest dollar amount in order to rack up overdraft charges.
In March, the U.S. District Court for the Southern District of Florida extended the claims filing deadline for the class action settlement to May 6, 2013.
Distribution of settlement awards is scheduled for September 2013, but this is subject to change. Keep checking Top Class Actions for updates or visit the Settlement Administrator’s website at www.CitizensOverdraftSettlement.com. [See update here.]
The case is In re: Checking Account Overdraft Litigation, Case No. 1:09-md-02036-JLK, in the U.S. District Court for the Southern District of Florida.
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