Supreme Court of the State of New York
If You Paid Overdraft Fees to HSBC, You May Be Eligible for a Payment from a Class Action Settlement.
UPDATE December 2017:Pursuant to the terms of the Settlement Agreement, Settlement Class Counsel and Counsel for HSBC Bank jointly agreed to perform a Phase II Distribution to all eligible Settlement Class Members to exhaust the remaining funds. On December 6, 2017, Phase II Settlement Checks were issued to Settlement Class Members who previously participated in the initial distribution of Settlement funds and for whom their pro rata share of the second disbursement is equal to or greater than $5.00.
A New York court authorized this website. This is not a solicitation from a lawyer.
A $32 million Settlement has been reached in a class action about the order in which HSBC posted transactions to Customer Accounts and the effect the posting order had on the number of overdraft fees charged to Account holders. HSBC maintains that there was nothing wrong with the posting order used and that it has not violated any laws.
Current and former holders of HSBC consumer checking and Business Accounts may be eligible for a payment or Account credit from the Settlement Fund.
Your legal rights are affected whether you act or don’t act. Read this website carefully.
|SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT|
|Receive a Payment or Account Credit||If you are included in the Settlement Class and entitled to receive a cash benefit, and you were charged an eligible overdraft fee after June 30, 2007, you do not have to do anything to receive a payment or account credit. If the Court approves the Settlement, and it becomes final and effective, you will automatically receive a payment or account credit based on these overdraft fees.
If you are included in the Settlement Class and were charged an eligible overdraft fee from December 17, 2004 through June 30, 2007, you must submit a properly completed Claim Form and the required supporting documentation, postmarked or filed online no later than June 6, 2016, to receive a payment or account credit based on these overdraft fees. You may submit your Claim Form and the required supporting documentation by uploading it here or by mailing it to: HSBC Overdraft Fee Settlement, P.O. Box 3770, Portland, OR 97208-3770.
|Exclude Yourself from the Settlement||Receive no benefit from the Settlement. This is the only option that allows you to retain your right to bring any other lawsuit against HSBC about the claims in this case.
The deadline to exclude yourself from the Settlement was March 7, 2016.
|Object||Write to the Court if you do not like the Settlement. You may only object to the Settlement if you do not exclude yourself.
The deadline to object to the Settlement was March 7, 2016.
|Go to a Hearing||Ask to speak in Court about the fairness of the Settlement.
The deadline to submit your Notice of Intention to Appear was March 7, 2016.
|Do Nothing||If you need to submit a Claim Form based on overdraft fees charged to you before July 1, 2007, and you do not do so, you will not receive any payment or account credit to which you may be entitled based on these overdraft fees and will give up your right to bring your own lawsuit against HSBC about the claims in this case.|
These rights and options—and the deadlines to exercise them—are explained here.
NOTICE: This website provides a summary of the Settlement and is provided for informational purposes only. In the event of any discrepancy between the text of this website and the original text upon which it is based, the text of the original document shall prevail.
Questions? Contact the Settlement Administrator at 1-877-208-7488 or by email at info@HSBCOverdraftSettlement.com