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Fifth Third Bank and Non-Fifth Third ATM Fees Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

Fifth Third Bank is settling a class action against it for more than $5 million. The complaint alleged that the bank breached its contract with account holders by charging them Non-Fifth Third ATM fees for balance inquiries at ATMs that were not in its network, and for charging them more than one such fee when they made a balance inquiry together with a cash withdrawal or other funds transfer during the same ATM visit.

Docket Number:

1:18-cv-00464

Company: Fifth Third Bank

Filing Deadline: January 1, 2100

Class Period: January 1, 2010 to October 31, 2018

Objection Deadline: June 8, 2021

Exclusion Deadline: June 8, 2021

Final Approval Hearing: July 8, 2021

Proof of Purchase:

You do not need to submit a claim or provide proof. Presumably bank records will be used for verification.

Eligibility:

You may be eligible if you are a current or former account holder and, between January 1, 2010 and October 31, 2018, either (1) you were charged one or more Non-Fifth Third ATM fee for making a balance inquiry at an ATM not in Fifth Third’s network or (2) you were charged more than one Non-Fifth Third ATM fee for making a balance inquiry along with a cash withdrawal or other funds transfer during the same ATM visit.

Typical Settlement Amount:

The net settlement fund will be divided by the number of accounts involved. Each account will receive only one payment, regardless of the number of fees it was charged.

Total Settlement Amount: $5.2 million

Class Representative Proposed Incentive Fee:

Up to $5,000

Law Firms:
Kaliel PLLC
Kopelowitz Ostrow Ferguson Weiselberg
Spangenberg Shibley & Liber
Tycko Zavareei

Case Name:

Settlement Website: Fifth Third Bank and Non-Fifth Third ATM Fees Settlement Website

Claims Administrator:
KCC Class Action Services, LLC

Claims Administrator Contact Information:

Smith v. Fifth Third Bank Settlement Administrator
P.O. Box 43060
Providence, RI 02940-3060
1-866-644-99531
Info@fifththirdoutofnetworkbalanceinquiryfeelitigation.com

Tags: ATM Fee, Additional charges in breach of contract, Excessive Fees, Your Bank