Many customers and former customers of Citizens Bank are finding checks in the mail as part of a class action lawsuit aimed at how the bank handled overdraft fees.
Customers who submitted claims in the $137.5 million overdraft class action settlement last year started receiving payments in September. The deadline to submit a claim was May 6, 2013
Those impacted included customers with a Citizens Bank consumer account accessible with a Citizens Bank debit card between January 1, 2002 and August 13, 2010 and paid overdraft fees.
On March 12, 2013, a U.S. District Court granted final approval for the settlement.
Settlement payments began being disbursed to those settlement class members on Sept. 19.