Td Bank Debit Card Agreement Pdf
TD Disputes responsibility for each claim and asserts that the overdraft practices attacked were consistent with customer agreements and applicable laws. The Court did not rule on which party is right. In a complaint against TD Bank, an agreement of more than $70 million was reached. N.A. (“TD Bank”) in re: TD Bank, N.A. Debit Card Overdraft Fee Litigation, Civil Action No. 6:15-mn-02613-BH (D.S.C.), asserts that TD Bank, Carolina First Bank, and Mercantile Bank, uses a carolina First Bank brand name in Florida, assessing overdraft fees in a manner that applies to customer account contracts and applicable laws (the “action”). In 2010, TD Bank acquired South Financial Group, the holding company of Carolina First and Mercantile (“Carolina First”). Read this website carefully. This website informs you of the benefits that may be offered to you as part of the comparison as well as your rights and options as a member of the Settlement Class. If you have made a valid and timely request, you will receive a payment or account credit. In addition, you have waived your right to sue TD Bank for claims in this case. Current and former TD Bank personal and/or commercial account holders and former Carolina First account holders who have been subject to overdraft fees may be eligible for payment by cheque or cheque (“compensatory amount”).
In addition, members of the settlement classes whose accounts have been closed with sums due to TD Bank may be entitled to discounts on their outstanding balances (“overdraft amount”). If you have purchased one or more overdraft fees related to your personal or commercial account of TD Bank, your Carolina First Bank account and/or your Mercantile bank account, you can benefit from this class action compensation. These rights and options – and exercise times – are explained in more detail on the FAQ page of this site. Payments from the settlement fund to former account holders were sent on April 21, 2020 in the form of a reward cheque. On April 24, 2020, payments made by the settlement fund to eligible benefit account holders were made through credits to their accounts. All authorized account holders who have recently closed their account before receiving their compensation will receive a premium review on May 15, 2020.