What is TD Bank Lawsuit? How Much Will I Get?
TD Bank has been involved in a number of class action lawsuits in recent years, alleging various violations of consumer law. The following are two of the most notable TD Bank lawsuits:
- Galgano v. TD Bank, N.A. This lawsuit alleged that TD Bank improperly assessed and collected out-of-network ATM fees from customers. The lawsuit was settled in 2023 for $11.9 million. Settlement class members who incurred out-of-network ATM fees between January 1, 2017 and December 31, 2022 are eligible to receive a cash payment. The minimum payment is $2, with additional payments possible for customers who incurred more than one out-of-network ATM fee.
- Campagna v. TD Bank This lawsuit alleged that TD Bank improperly charged interest on overdraft fees. The lawsuit was settled in 2023 for $20.75 million. Settlement class members who were charged interest on overdraft fees between January 1, 2017 and December 31, 2022 are eligible to receive a cash payment of $8.82.
How much will I get?
The amount of money you will receive from a TD Bank class action lawsuit depends on the specific lawsuit and your individual circumstances. In the Galgano lawsuit, for example, the minimum payment is $2, but customers who incurred more than one out-of-network ATM fee may receive a higher payment. In the Campagna lawsuit, all settlement class members will receive a payment of $8.82.
How to find out if you are eligible for a payment
If you are a customer of TD Bank, you should receive a notice in the mail if you are eligible for a payment from a class action lawsuit. You can also check the websites of the law firms that are representing the settlement class members in the Galgano and Campagna lawsuits to see if you are eligible.
Conclusion
If you are a customer of TD Bank and you believe that you have been harmed by the bank’s actions, you should contact an attorney to discuss your legal options. You may be eligible to participate in a class action lawsuit against TD Bank.
FAQs
Q: How do I know if I am eligible for a payment from a TD Bank class action lawsuit?
A: You should receive a notice in the mail if you are eligible for a payment from a TD Bank class action lawsuit. You can also check the websites of the law firms that are representing the settlement class members in the Galgano and Campagna lawsuits to see if you are eligible.
Q: How much money will I get?
A: The amount of money you will receive from a TD Bank class action lawsuit depends on the specific lawsuit and your individual circumstances. In the Galgano lawsuit, for example, the minimum payment is $2, but customers who incurred more than one out-of-network ATM fee may receive a higher payment. In the Campagna lawsuit, all settlement class members will receive a payment of $8.82.
Q: When will I receive my payment?
A: Payments from TD Bank class action lawsuits are typically mailed out within a few months of the settlement being approved by the court. However, it can take longer in some cases.
Q: What if I don’t receive a notice in the mail or I can’t find out if I am eligible for a payment?
A: You should contact one of the law firms that are representing the settlement class members in the Galgano and Campagna lawsuits. They can help you determine if you are eligible for a payment and help you file a claim.
Q: What if I don’t like the terms of the settlement?
A: You have the right to object to the settlement. However, if the court approves the settlement, you will not be able to opt out and receive a higher payment.
Q: What if I have other questions?
A: You should contact one of the law firms that are representing the settlement class members in the Galgano and Campagna lawsuits. They can answer your questions and help you understand your legal options.
References:
- Galgano v. TD Bank, N.A. Settlement Website: https://outofnetworkatmfeesettlement.com/
- Campagna v. TD Bank Settlement Website: https://www.tdbanksecuredcardclassaction.com/
