Consumers of Toronto-Dominion (TD) Bank can receive compensation as a refund. People who have made a valid claim are going to receive a certain amount as compensation approved by the court. TD Bank Class Action Lawsuit in Canada is going to release a refund of $32.2 Million to their affected consumer. Therefore, Canadians are excited to know about the payment they can receive a certain amount. TD Bank will pay this amount as compensation to overcome the claim.
TD Bank consumers have previously faced the financial burden during transactions. They have faced overdraft fees on transactions made to pay. TD Bank Class Action Settlement Amount will be released to valid claimants who made the valid claim. Therefore, people must check the eligibility criteria to help them get this settlement amount. It can help people to get justice in financial form.
TD Bank Class Action Lawsuit in Canada
Canadian people had filed a Class Action Lawsuit against TD Bank when the bank charged illegal overdraft fees. People claimed this unlawful fee. Therefore, people need to collect proper information that can help people to make a valid claim to get their cut from the $32.2 million. TD Bank Class Settlement Amount can be provided to valid claimants as the financial justice. However, the Bank has not accepted any wrongdoing but agreed to pay a settlement amount to settle the lawsuit.
Eligible claimants need to check the detailed information that get this payment. It is a financial justice that will be provided to valid claimants after the final approval. This article covers the TD Bank Class Lawsuit Settlement Payout to understand the reason, payment dates, and other important details.
TD Bank Class Action Settlement- Overview
| Article On | TD Bank Class Action Lawsuit in Canada |
| Country | Canada |
| Department | TD Bank |
| Beneficiary | Eligible claimants |
| Amount | $32.2 million |
| Category | Financial Aid |
| Official Website | td.com |
$32.2 Million TD Bank Class Settlement Eligibility Criteria
Affected consumer of TD Bank is looking to know the qualification to make a valid claim to get their cut from the settlement amount. So, Canadians should check whether the following conditions whether they met or not. Meeting these conditions can only allow people to make a valid claim to geta TD Bank Class Settlement Refund in their bank account.
- You are a Canadian resident.
- You are a current or former account holder of TD Bank between 27th June 2019 and 30th September 2022.
- You were illegally charged overdraft fees for the transaction.
- You were charged the overdraft fees for a minimum of one debit card transaction which was authorized with a balance that was sufficient but settled when it was insufficient.
Understanding TD Bank Class Action Lawsuit
Customers of TD Bank faced illegal charges when they made the debit card transaction. It was made for a longer duration which causes raising the concern over overdraft fees. Therefore, a group of people decided to make a TD Bank Class Action Lawsuit against TD Bank for wrongdoing. However, the bank denied doing any wrongdoing but agreed to settle this lawsuit for $32.2 Million. The court approved the final approval on June 28, 2024. Here, $21.975 million for consumers paid the APSN fees and the remaining $10.25 million from a reduction in outstanding balances owed. Moreover, TD Bank agreed to forgive outstanding balances associated with APSN fees.
TD Bank agreed to make the transaction after the final approval from the court by following the legal procedure. Therefore, final approval for the settlement was made on the 10th of October 2024. This approval from court provides the support to affected consumers to get financial justice. It made people happy to get their compensation from the bank against the wrongdoing. $32.2 Million TD Bank Class Action Settlement is a financial justice to people who faced overdraft fees.
$32.2 Million TD Bank Settlement Amount
According to information, TD Bank consumers are looking for information that can help them to get compensation. This can allow people to get their financial justice against the wrongdoing by TD Bank. Information about the amount as compensation can help claimants to understand how much they can get as the TD Bank Class Action Settlement Amount as compensation. So, eligible people can get their cut from the total of $32.2 million. It will also allow them to make their financial decision.
Compensation amount as a financial justice can allow consumers to get a refund for the payment they had to make as an overdraft payment. So, people should understand that they can get the total TD Bank Overdraft Compensation Amount according to the extra payment they made. A total number of illegal transaction overdraft fees will decide the total compensation for each valid claimant. So, eligible people need to keep focus on the information to identify how much their compensation is reserved as their cut. However, people should know that this payment can be provided to only people who have not made exclusions and objections before the deadline which was 14th September 2024.
$32.2 Million TD Bank Settlement Payment Dates
Valid claimants need to understand the final approval from the judge has been made on 10th October 2024. This means the bank needs to pay a $32.2 M TD Bank Compensation Amount within 60 days of the final approval. This means, that mostly beneficiary have received their cut in their bank account or as a check payment.
Moreover, valid claimants have also received the official mail from TD Bank regarding the payment release. Furthermore, TD Bank granted the settlement on 15th October 2024. This means people may have already received this financial justice as a TD Bank Settlement Amount 2024.
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