- Bargaineering - http://www.bargaineering.com/articles -

National City – PNC Bank Overdraft Settlement

This is a reminder to anyone who may be eligible for a piece of the $12 million settlement (litigation Trombley v. National City Bank, No. 1:10-CV-232) that the deadline to submit a claim for those benefits is creeping up, you have a little over a month until the August 26th, 2011 deadline. If you haven’t excluded yourself (that deadline has passed, it was June 27th) then you might as well download the claim form and submit it [3], otherwise you’ll get nothing.

Who is eligible? “The Settlement offers payments to eligible people who paid Overdraft Fees on a National City deposit account between July 1, 2004 and August 15, 2010, whether or not such fees were charged before or after National City was merged into PNC, where the overdraft fees resulted from you using your bank card.”

How much will you get? “As long as there are sufficient funds available in the Settlement Fund, each Settlement Class Member who submits a valid claim will receive $36 for each eligible Overdraft Fee. If sufficient funds are available, Settlement Class Members may be paid up to three times this amount. If the total amount needed to pay valid claims exceeds funds available in the Settlement Fund, each Settlement Class Member’s payment will be reduced and paid in proportion to all Settlement Class Members’ payments.”

If you want more information, you can visit the website [4] or call 1-866-960-5706.