Welcome to the U.S. Bank overdraft settlement support website. This website has been established to provide class members with important information regarding a $55 million Settlement that has been reached in a class action about the order in which U.S. Bank posted Debit Card Transactions to customer accounts, and the alleged effect the posting order had on the number of Overdraft Fees charged to account holders. U.S. Bank maintains that there was nothing wrong about the posting process used and that it has not violated any laws.
Settlement Update: September 13, 2013
On July 24, 2013, U.S. Bank and Class Counsel filed a Motion for Preliminary Approval in the United States District Court for the Southern District of Florida. Senior Judge James Lawrence King granted Preliminary Approval on July 29, 2013. The Final Approval Hearing has been scheduled for December 18, 2013 at 11:00 a.m.
United States District Court For The Southern District Of Florida
If You Paid Overdraft Fees to U.S. Bank,
You May be Eligible for a Payment from a Class Action Settlement.
A federal court authorized this notice. This is not a solicitation from a lawyer.
· A $55 million Settlement has been reached in several class action lawsuits about the order in which U.S. Bank National Association (“U.S. Bank”) posted debit card transactions to consumer deposit accounts, and the effect the posting order had on the number of overdraft fees the bank charged its account holders. U.S. Bank maintains there was nothing wrong about the posting process used. The Court has not decided which side is right.
· Current and former holders of U.S. Bank consumer deposit accounts may be eligible for a payment from the Settlement Fund.
· The Settlement offers payments to current and former U.S. Bank customers who paid overdraft fees as a result of U.S. Bank posting debit card transactions in order from highest to lowest dollar amount during the Class Period applicable to the states in which customers opened their U.S. Bank deposit accounts.
· Your legal rights are affected whether you act or don’t act. Please read this notice carefully.
Summary of Your Legal Rights and Options in This Settlement
Get a Payment Automatically
If you are eligible for a payment based on overdraft fees charged during the applicable Class Period, you do not have to do anything to receive a payment. Your payment will be made automatically by either mailed check or electronic payment to your U.S. Bank account if the Court approves the Settlement and it becomes final.
Get no benefits from the Settlement. This is the only option that allows you to participate in any other lawsuit against U.S. Bank about the claims in this case.
Write to the Court if you don’t like the Settlement.
Go to a Hearing
Ask to speak in Court about the fairness of the Settlement.
You will still receive any automatic payment to which you are entitled, and you will give up your right to participate in further litigation against U.S. Bank about the claims in this case.
· These rights and options—and the deadlines to exercise them—are explained in the Notice.
· The Court in charge of this case still has to decide whether to approve the Settlement. If it does, and any appeals are resolved, benefits will be distributed to those who qualify. Please be patient.
The information on this page is only a short summary of your rights and options. For more detailed information about your rights and options, please review the Notice. You may also review the Settlement Agreement, which provides comprehensive information about the Settlement Class Members' rights and options.