Between June 27, 2019, and September 30, 2022, clients who were unfairly charged overdraft fees were eligible to receive compensation under the Canada TD Bank Class Action Settlement. The $32.2 million settlement deals with instances in which overdraft penalties were assessed on transactions that were approved under positive account balances but settled when balances were insufficient.
With this settlement, allegations that TD Bank unfairly assessed overdraft fees are resolved, especially about debit card transactions that were approved with adequate money but settled when the balance dropped. The case makes sure that impacted clients are reimbursed for fees paid and brings attention to problems with transparency in banking operations. Read the Post to know complete details about the Canada TD Bank Class Action Lawsuit.
TD Bank Class Action Lawsuit in Canada
clients who were assessed overdraft penalties for transactions that were authorized when their balance was positive and subsequently settled when it was not. A crucial opportunity to receive payment is provided by the TD Bank Class Action Settlement to customers who were incorrectly charged an overdraft fee. If you are eligible, you can receive your share of the $32.2 million settlement by submitting a claim form for previous customers or by having your money automatically deposited for current customers.
At the center of the class action objection are allegations that TD Bank assessed overdraft fees incorrectly. In particular, customers were assessed fees for transactions that were authorized when their account balance was positive but were later processed when it was insufficient to settle the transaction.
The claims in the TD Bank class action complaint center on the bank’s alleged improper overdraft fee charges. Customers were charged fees for transactions that were permitted when their account balance was positive but were executed later when it was not enough to fund the transaction. The class action lawsuit was the outcome of this practice.
The fast addition of overdraft fees can put people in needless financial difficulties, especially those with limited resources. By settling, TD Bank is making amends to clients who suffered as a result of these unjust actions. Customers may take great pride in this win, which emphasizes how crucial it is for banking costs to be transparent.
Canada TD Bank Class Action Lawsuit 2024 – Overview
| Post Title | TD Bank Class Action Lawsuit in Canada |
| Country | Canada |
| Lawsuit Amount | $32.2 million |
| Final hearing Date | 30 October, 2024 |
| Payment Date | 60 days after the final hearing |
| Year | 2024 |
| Category | Finance News |
| Official Website | tdbankapsnfeeclassaction.com |
Who is Eligible to Claim the Lawsuit Amount?
Claimants are required to fulfill the following to get a TD Bank Class Action Lawsuit in Canada. Those who will achieve it will be eligible for the assistance.
- Must hold or have held TD Bank personal checking amount.
- Have authorized transactions with overdraft fees.
- Payments will directly get to recipients linked bank account.
- You must submit the claim form to receive the payout amount.
How to file a claim for Canada TD Bank Class Action Lawsuit 2024?
Applicants can follow the below-discussed steps to claim the Canada TD Bank Class Action Lawsuit 2024.
- Make sure you’re eligible to get the claim amount.
- There are no requirements to submit the separate claim form, if you’re an existing TD Bank customer then you’ll be automatically eligible.
- If you were a TD Bank Customer in the past, then you need to submit the TD Bank Class Action Settlement amount but make sure you fill the form with current info and submit it through the official website of settlement.
- Then, you just need to review your payment status regularly.
- For more information, you can visit the official portal of tdbankapsnfeeclassaction.com to learn more details about the payment date.
TD Bank Class Action Lawsuit Payments Dates 2024
Individuals will get their settlement amount after the 60 days of the final hearing. The final hearing is assumed to happen on October 20, 2024. The current customer will get a settlement amount via direct deposit into your TD bank account. Former customers will get the notification via the last known address on file. Eligible claimants can expect their lawsuit amount in December 2024. The government has confirmed that the lawsuit-permitted amount will be distributed among citizens after 60 days of 20, October 2024. To know the exact payment date, you need to keep checking the official portal tdbankapsnfeeclassaction.com.
Payout Amount for Canada TD Bank Class Lawsuit 2024
The settlement will pay out $32,225,000 to all eligible claimants. You will receive different compensation depending on how long you were impacted by the practice, how many valid claims you filed, and how much you paid in overdraft fees. Current TD Bank customers who meet the requirements will get payment without submitting a claim. Should you have previously been a TD Bank customer, you will need to complete a claim form to ensure payment.
| Official Website | Click Here |
| Homepage | Philtranco.net |