Settlement Structure: Claims Made
Active: Open
Case Summary:Bangor Savings Bank is putting up $2 million to settle a class action alleging it charged customers improper overdraft or non-sufficient funds fees. The complaint claimed the bank charged these fees in two situations: (1) for automated clearinghouse transactions that were resubmitted by a merchant after the bank had declined to pay them the first time (retry claims), and (2) for debit card transactions that were authorized into an account with a positive balance but settled when the account had a negative balance (APPSN claims). The complaint alleged that both kinds of charges violated the bank’s account agreements with customers.
Docket Number:BCD-CIV-2021-00027
Company: Bangor Savings Bank
Filing Deadline: January 1, 2100
Class Period: March 1, 2017 to June 6, 2022
Objection Deadline: November 22, 2022
Exclusion Deadline: November 22, 2022
Final Approval Hearing: December 5, 2022
Proof of Purchase:You do not have to provide proof or submit a Claim Form.
Eligibility:You may be eligible if you have or had an account with Bangor Savings Bank and you were charged overdraft fees or non-sufficient funds fees in either of two situations, between March 1, 2017 and June 6, 2022: (1) for automated clearinghouse transactions that were resubmitted by a merchant after the bank had declined to pay them the first time, and (2) for debit card transactions that were authorized into an account with a positive balance but settled when the account had a negative balance.
Typical Settlement Amount:Payments will be made in several ways. If the account on which the fees were assessed is currently active, you will receive a direct deposit of your payment to that account. If that is not feasible, or if the account is no longer active and was not charged off with an outstanding balance, your payment will be sent in the form of a check to the same address as the Notice was mailed to. If your account was charged off with an outstanding balance, the outstanding balance will be reduced by the amount of your payment.
Total Settlement Amount: $2,000,000
Class Representative Proposed Incentive Fee:Unknown at this time
Law Firms:
Berman & Simmons, PA
Kaliel Gold PLLC
Case Name: Ethan Churchill, et al. v. Bangor Savings Bank
Settlement Website: Churchill Fee Settlement Website
Claims Administrator:
Epiq Class Action & Claims Solutions, Inc.
Churchill v. Bangor Settlement Administrator
P.O. Box 5357
Portland, OR 97228-5357
info@ChurchillFeeSettlement.com
800-508-4219