Hey all, I remember a few people posting about this earlier in this thread but could not find the posts. It regarded overdraft fees and how someone got charged the largest amount first and then the lowest one resulting in multiple charges. I got this in the email earlier (and some money in my bank!)... Very interesting...
"The purpose of this website is to inform you about a proposed Settlement of this class action lawsuit and about all of your options before the Court decides whether to give Final Approval to the Settlement. This website explains the lawsuit, the Settlement, your legal rights, what benefits are available, who may be eligible for those benefits, and how to get them.
A $62 million Settlement has been reached in class action lawsuits claiming that TD Bank, N.A., TD Banknorth, National Association and Banknorth, National Association (collectively, "TD Bank") improperly posted Debit Card Transactions from highest to lowest dollar amount to increase the number of Overdraft Fees charged to Account holders. TD Bank maintains there was nothing wrong with the posting process used. The Court has not decided which side is right.
The complaint in the lawsuit is posted on this website and contains all of the allegations and claims asserted against TD Bank. TD Bank denies the claims in the lawsuit and maintains there was nothing wrong about the posting order used.
You are a member of the Settlement Class if you had a TD Bank consumer Checking Account accessible with a TD Bank Debit Card, at any time between December 1, 2003 and August 15, 2010 and were charged one or more Overdraft Fees as a result of TD Banks practice of posting Debit Card Transactions from highest to lowest dollar amount.
Payments or Account credits will be automatically made to Settlement Class Members who do not opt-out of the Settlement. Details on the formulas for determining payment amounts, Account credits, and other Settlement benefits are included in the Long Form Notice and the Settlement Agreement, both available on this website.
If you would like further information about the claims asserted in this case, you can review a copy of the Settlement Agreement here."
For the actual settlement document:
http://www.tdbankoverdraftsettlement.com/Documents/Settlement Agreement.pdf
Neat stuff haha! Those lawyers must have been good to beat the big banks!