Fifth Third settles class action overdraft suit - Cincinnati News, FOX19-WXIX TV

Fifth Third settles class action overdraft suit

CINCINNATI, OH (FOX19) - Fifth Third Bank has settled a class-action suit over overdraft fees that will cost the bank $9.5 Million.

The suit claimed Fifth Third improperly assessed the fees on debit card and ATM withdrawals. The claim is that Fifth Third "re-sequence" transactions to maximize overdraft fees.

Fifth Third denies it, but is paying, anyway.

You may qualify for money from the settlement if you had an account with Fifth Third from October 21st, 2004 through July 1st of this year and had at least one overdraft fee from a debit card transaction.

Claims can be submitted online at www.OverdraftSettlement.com or by submitting a written form obtained by writing to:

Fifth Third Overdraft Settlement
PO Box 3266
Portland, OR 97208-3266

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