Banco Popular de Puerto Rico Fee Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

Banco Popular de Puerto Rico is paying $5.5 million to settle two class actions claiming it breached its account agreements in charging certain overdraft and insufficient funds fees for retried automated clearinghouse (ACH) payments and checks.

Docket Number:

3:20-cv-01057 and 3:22-cv-01107

Company: Banco Popular de Puerto Rico

Filing Deadline: January 1, 2100

Class Period: February 1, 2016 to April 1, 2022

Objection Deadline: February 12, 2023

Exclusion Deadline: February 12, 2023

Final Approval Hearing: March 14, 2023

Proof of Purchase:

You do not have to provide proof.


You may be eligible if you received a notice of this settlement.

Typical Settlement Amount:

Share of the net settlement fund, distributed according to the formulas in the Settlement Agreement. Current customers will receive their shares as a credit to their accounts; former customers will receive check from the Settlement Administrator.

Total Settlement Amount: $5,500,000

Class Representative Proposed Incentive Fee:


Law Firms:
Indiano & Williams, PSC
Kaliel Gold PLLC
Shamis & Gentile PA

Case Name: Soto v. Banco Popular de Puerto Rico and Orama Caraballo et al. v. Banco Popular de Puerto Rico

Settlement Website: PR Bank Fee Class Action Settlement Website

Claims Administrator:
Kroll Settlement Administration, LLC

Claims Administrator Contact Information:

Kroll Settlement Administration LLC
c/o Kroll Settlement Administration, LLC
PO Box 225391
New York, NY 10150-5391

Tags: Insufficient or Non-Sufficient Funds Fees, More Than One Fee Assessed on a Single Item/Transaction, Overdraft Fees, Your Bank