Last hours to take crucial action under $1.23 million ATM fees settlement...
Flagstar Bank is settling for $1.23 million over ATM and NSF fees, and eligible customers may receive automatic payments.Summary
Flagstar Bank (formerly New York Community Bank) has agreed to a $1.23 million settlement regarding allegations of unfair ATM and non-sufficient funds (NSF) fees. Customers who had a checking account between March 2, 2017, and January 1, 2020, and were charged NSF retry or overdraft fees on checks or ACH payments may be eligible for compensation. Additionally, those charged multiple out-of-network ATM fees after a balance inquiry between August 2, 2020, and February 2, 2024, could receive $25. No claim form is needed; payments will be automatically issued as a credit to current accounts or via check to former account holders. The deadline to opt out of the settlement is December 15, 2024, with final approval scheduled for January 13, 2026. This is one of several ongoing settlements offering substantial payouts, including a $5.5 million settlement with Sam’s Club regarding pet food.
(Source：The Sun)