If you are a Navy Federal Credit Union checking account holder who was charged overdraft fees under the credit union’s Optional Overdraft Protection Service between July 22, 2012 and Nov. 20, 2017, then you are eligible for a potential award from the Navy Federal Credit Union Overdraft Fees Class Action Lawsuit!
According to the lawsuit, the Navy Federal Credit union had charged for overdraft fees which would double charge the user. The credit union denies all acts of allegations, however, they have agreed to settle the class-action lawsuit. There is no deadline but if you want to opt out, the date to do so is April 20, 2019.
| Account | Minimum Open | APY | Review |
|---|---|---|---|
| Ponce Bank 4-Month No Penalty CD | $1 | 4.41% | Review |
| Sallie Mae 10-Month No Penalty CD | $1 | 4.25% | Review |
| CIT Bank No Penalty CD | $1,000 | 4.10% | Review |
| America First Credit Union Flexible Certificate Account | $500 | 4.35% | Review |
| Citi No Penalty CD | $500 | 4.05% | Review |
| USALLIANCE Financial No Penalty CD | $500 | 4.00% | Review |
| Ally Bank No Penalty CD | None | 3.85% | Review |
| Marcus by Goldman Sachs No Penalty CD | $500 | 3.85% | Review |
| Marcus by Goldman Sachs No Penalty CD (For AARP Members) | $500 | 3.85% | Review |
| Synchrony Bank No Penalty CD | None | 3.50% | Review |
| Bellco Credit Union Smart Move CD | $2,500 | 3.40% | Review |
| My eBanc Flex Time Deposit CD | $10,000 | Up to 3.20% | Review |
| Workers Credit Union No Penalty CD | $500 | 3.05% | Review |
- Navy Federal Credit Union Claim Form
- Claim Form Deadline: N/A – Date to object to or opt out is April 20, 2019
- Who’s Eligible: Individuals who had a Navy Federal checking Account and were charged Overdraft Fees between July 22, 2012, through November 20, 2017
- Estimated Amount: TBD
- Proof of Purchase: N/A
- Case Name & Number: Jenna Lloyd, et al. v. Navy Federal Credit Union, Case No. 17-cv-1280, in the U.S. District Court for the Southern District of California
How To File a Claim
- Check your mail or email to see if you had been placed in the settlement already
- Look over the claim form to see if you are eligible.
- If you want to object or opt out, do so by April 20, 2019.
Bottom Line
Check to see if you had been put in the Navy Federal Credit Union Overdraft Fees Class Action Lawsuit already. If not, then you are not apart of the settlement and cannot file a claim. Those who are eligible have already been notified and automatically put into the settlement.
So if you are eligible, check your mail and email to receive your potential award! Don’t forget to take a look at our full list of Class Action Lawsuit Settlements!
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