Commerce Bank Overdraft Settlement
| Class Eligibility: |
The settlement covers holders of Commerce Bank consumer accounts, between 4/6/2004 and 8/16/2012, with debit cards who paid overdraft fees as a result of Commerce Bank’s practice of posting Debit Card Transactions for the highest value transactions to the lowest value transactions. Most claims will be paid out automatically. But, you will need to fill out a claim form if you have an account opened at Commerce Bank Illinois between 4/6/2000 and 12/31/2002. |
| Estimated Amount: |
$50 The settlement does not provide any estimate of the claim amount. This guesstimate is based on the claim amount and the number of claims we estimate are likely to be filed. |
| Proof of Purchase: | Yes, you are required to fill out a worksheet listing claim dates. |
| Claim Form: | Commerce Bank Overdraft Claim Form |
| Case Name: | In re: Checking Account Overdraft Litigation, Case No. 1:09-md-02036-JLK |
| Case Summary: |
The plaintiffs alleged that Commerce Bank was charging excessive overdraft fees by charging amounts to accounts from the highest value to the lowest value, which would lead to higher overdraft fees than doing the reverse. |
| Settlement Pool: | $18,300,000 |
| Settlement Website: | Commerce Bank Overdraft Settlement |
| Claim Form Deadline: | May 21, 2013 |
| Claims Administrator: | Commerce Bank Overdraft Settlement PO Box 3775 Portland, OR 97208-3775 |
| info@CommerceBankOverdraftSettlement.com | |
| 1-866-841-7649 |
