National City Bank n/k/a PNC Bank Overdraft Fee Class Action Lawsuit Settlement

National City Bank n/k/a PNC Bank Class Action Settlement Of Overdraft Fee Class Action Lawsuit.

A class action settlement has been reached with PNC Bank, N.A. f/k/a National City Bank (“PNC Bank” or “National City Bank”) to settle a class action lawsuit against National City Bank in the United States District Court for the District of Columbia (styled Ramona Trombley et al v. National City Bank, Class Action Case No. 10-00232 (JDB)) alleging, among other things, that defendant National City Bank  n/k/a PNC Bank engaged in unlawful and deceptive practices by improperly charging its customers overdraft fees for insufficient funds on debit card transactions, purportedly in violation of various state and federal laws, by reordering electronic debit transactions from the highest dollar amount to lowest dollar amount so as to deplete the customer’s available funds as quickly as possible while maximizing the number of overdraft fees collected, according to a memorandum opinion preliminarily approving the National City Bank n/k/a PNC Bank Overdraft Fee class action lawsuit settlement.

The National City Bank n/k/a PNC Bank overdraft fee settlement class reportedly consists of the following persons, unless otherwise excluded:

All persons who hold or ever held a National City Account who at any time during the Class Period incurred at least one Overdraft Fee associated with at least one National City Debit Card Transaction that was not previously reversed, refunded, or returned to the Settlement Class Member by Defendant.

“National City Account” reportedly means a non-business consumer deposit account originally maintained by or with National City, and includes any account existing on or before November 6, 2009 that was subsequently converted to a PNC account in connection with National City’s merger into PNC, but reportedly does not include accounts originally opened with PNC or one of PNC’s predecessor banks (other than National City).

“Overdraft Fee” reportedly means an overdraft fee, daily overdraft fee, continuous overdraft fee, or other similar fee charged by National City Bank to a holder of a National City Account and associated with a National City Debit
Card transaction.

“National City Debit Card” reportedly means a debit card, check card, or any other bank card used for debit purchases and/or automated teller machine (“ATM”) transactions from a National City Account and reportedly includes a debit card, check card, or any other bank card issued by PNC, following National City’s merger into PNC, to customers who were formerly customers of National City.

The National City Bank n/k/a PNC Bank overdraft fee class action settlement reportedly provides, among other things, for a $12,000,000 Settlement Fund, inclusive of all attorneys’ fees, costs, expenses, and incentive payments to representative plaintiffs, from which Settlement Class Members can claim $36 for each eligible overdraft charge incurred during any two calendar months (two months need not be consecutive) from July 1, 2004 to August 15, 2010, unless the total amount needed to pay valid claims exceeds funds available in the Settlement Fund.

For more information on the National City overdraft fee litigation, visit the class action settlement website:

https://www.nationalcityclass.com/

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