TD Bank
Per Person
$20–$200
Total Fund
$62 million
Deadline
Jul 1, 2010
Filed
Jan 1, 20019
Plaintiffs alleged TD Bank reordered debit transactions specifically maximizing overdraft penalties. Consumers argued processing methods unfairly increased bank fee revenue. TD Bank denied wrongdoing while agreeing to resolve claims through settlement. The lawsuit formed part of a broader wave of overdraft fee litigation involving major banks.
TD Bank customers charged overdraft fees connected with high-to-low transaction posting practices qualified for compensation. Eligible consumers generally maintained checking accounts during disputed processing periods. Former customers could also participate if records showed qualifying overdraft charges. Compensation varied according to fee history and account activity.