Fifth Third Bank PDF Print E-mail
December 01, 2011

On July 29, 2011 the United States District Court for the Northern District Court of Illinois issued a judgment and related memorandum opinion and order granting final approval of the settlement.  Finkelstein Thompson LLP was one of four lead counsel in this consumer class action alleging the re-sequencing of consumer banking transactions in highest to lowest order with intention of maximizing overdraft fee revenue. The nationwide settlement resulted in a settlement fund of $9.5 million and injunctive relief valued at over $100 million.  This was the first re-sequencing/overdraft fee settlement in the nation where bank agreed to terminate high to low re-sequencing as part of the relief to the class. The certified class consisted of all persons in the United States who hold or held a Fifth Third Account and who at any time during the Class Period incurred at least one Overdraft Fee associated with at least one Fifth Third Debit Card Transaction from October 21, 2004 through July 1, 2010. 

Please go to https://www.overdraftsettlement.com// for more information. Additionally, Notice of Settlement Agreement is available here.  Claim forms are available here.