HSBC Overdraft Fee Class Action Settlement
HSBC class action settlement Class Members include all HSBC customers in the U.S. who incurred one or more overdraft fees on your HSBC account(s) as a result of posting transactions that included at least one debit card or point-of-sale transaction from highest to lowest dollar amount.
The Class period is between Dec. 17, 2004 and June 30, 2010 for consumer accounts and between Dec. 17, 2004 and Nov. 30, 2011 for business accounts.
Proof of Purchase
Class Members who were charged an HSBC overdraft fee between Dec. 17, 2004 and June 30, 2007 are required to submit a valid Claim Form as well as supporting documentation. Individuals affected after June 30 2007 will automatically receive payment
In re: HSBC Bank USA NA Checking Account Overdraft Litigation
Case No. 650562/2011
Supreme Court of the State of New York, County of New York
The lawsuit claims that as a regular practice, the bank allowed customers to use their debit cards to make purchases when their accounts were insufficient in order to charge an overdraft fee of $35.
Additionally, the bank usedsoftware program to re-order transactions automatically leading to additional overdraft fees.