TD Bank Settlement 2024: Eligibility for $88 Class Action Settlement Amount for Every Customer

TD Bank customers may be eligible for a share of the $15.9 million settlement due to a class action lawsuit over NSF fees.

The lawsuit claims TD Bank imposed multiple NSF fees on single transactions without proper notification.

TD Bank denies any wrongdoing but has agreed to the settlement pending court approval.

 The Ontario Superior Court of Justice granted class-action status to the lawsuit on December 7, 2022.

 The settlement agreement was reached with the legal firm Koskie Minsky LLP, with a proposed settlement date of February 13, 2024.

Eligible participants are those who held personal deposit accounts at TD Bank and were assessed NSF fees between February 2, 2019, and November 27, 2023.

Only customers with accounts that are open during the settlement distribution and who were assessed NSF fees within the specified period will receive compensation.

If approved, eligible class members will receive approximately $88 directly deposited into their bank accounts.

Customers who disagree with the settlement can continue participating in the class action until January 26, 2024.