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This settlement benefits MUFG Union Bank account holders who were charged overdraft fees on debit card transactions that were previously authorized with a positive account balance between October 19, 2013, and February 28, 2019.
N/A
Settlement Amount
Varies
Claim Form Deadline
06/25/2024
Exclusion Deadline (Opt-Out)
06/25/2024
Final Approval Hearing
07/25/2024
MUFG Union Bank (acquired by US Bank in 2021) has agreed to a $5 million settlement to resolve a class action lawsuit alleging deceptive overdraft fees.
The lawsuit claimed MUFG Union Bank charged overdraft fees on transactions that should have been approved due to sufficient funds in the account at the time of authorization. This allegedly violated the terms of their account agreements.
While MUFG Union Bank denies any wrongdoing, they agreed to the settlement to resolve the lawsuit. Class members can expect to receive a payment based on the amount they paid in overdraft fees during the class period. The average payout is estimated to be $40.16 per class member, but individual amounts will vary.
You don't need to submit a claim form to receive a settlement payment. MUFG Union Bank will likely use your account information to distribute payments automatically.
Think you might have a case? If you believe you've been affected by a similar situation, browse our list of Class Action Lawsuits and Open Class Action Settlements you may be able to join!
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