TD Bank Retry NSF Fee Settlement

Settlement Structure: Claims Made

Active: Closed

Closed Settlement Statement:

According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.

Case Summary:

TD Bank is settling a class action alleging it unfairly charged accountholders Retry NSF Fees. An NSF fee is one that is charged for an Automated Clearing House (ACH) or check transaction that was submitted by a merchant and returned unpaid by the bank because the account did not contain sufficient funds. A Retry NSF Fee is a fee charged if the merchant again submits the same item and the bank returns it a second time insufficient funds.

Docket Number:


Company: TD Bank NA

Filing Deadline: January 1, 2100

Class Period: November 30, 1998 to May 17, 2021

Objection Deadline: March 16, 2022

Exclusion Deadline: March 16, 2022

Final Approval Hearing: May 3, 2022

Proof of Purchase:

You do not need to submit a claim form or provide proof.


If you received a Notice of this settlement, then TD Bank’s records indicate that you are a member of the settlement class and eligible to receive a payment or credit to your account. Note that the class periods differ by state.

Typical Settlement Amount:

The settlement offers cash payments and debt forgiveness. You can receive a portion of the net settlement fund, based on a formula in the Settlement Agreement for each Retry NSF Fee you were charged and paid. The more Retry NSF Fees you paid, the greater your settlement benefit will be. If you were charged Retry NSF Fees but did not pay them because your account was closed with a negative balance, the amount you owe will be reduced by a portion of your debt from the amount allocated for forgiveness. You may be eligible for both a cash payment and debt forgiveness if you paid some fees but did not pay others.

Total Settlement Amount: $20,750,000 cash plus $20,750,000 for uncollected fee forgiveness

Class Representative Proposed Incentive Fee:


Law Firms:
Cohen & Malad
Kaliel Gold PLLC
Kopelowitz Ostrow Ferguson Weiselberg

Case Name: Perks et al v. TD Bank, N.A.

Settlement Website: TD Bank Retry NSF Fee Settlement Website

Claims Administrator:
RG/2 Claims Administration, LLC

Claims Administrator Contact Information:

Settlement Administrator
Perks et al v TD Bank, N.A.
c/o RG/2 Claims Administration LLC
P.O. Box 59479
Philadelphia, PA 19102-9479

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