Northwest Savings Bank Overdraft Settlement
HomeFrequently Asked QuestionsCase DocumentsContact Us

If You Paid Overdraft Fees to Northwest Savings Bank

You May be Eligible for a Payment from a Class Action Settlement.

A $2.35 million Settlement has been reached in a class action about the order in which Northwest Savings Bank posted Debit Card Transactions to customer Accounts maintained in Pennsylvania, and the alleged effect the posting order had on the number of overdraft fees charged to Account holders. Northwest Savings Bank maintains that there was nothing wrong about the posting process used and that it has not violated any laws.

Current and former holders of Northwest Savings Bank Accounts maintained in Pennsylvania 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 the notice carefully.

 

SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT

Receive A Payment Or Account Credit

If you are entitled under the Settlement to a payment or Account credit, you do not have to do anything to receive it. If the Court approves the Settlement and it becomes final and effective, and you remain in the Settlement Class, you will automatically receive a payment or Account credit.

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 Northwest Savings Bank about the claims in this case.

Object

Write to NW Savings Overdraft Litigation if you do not like the Settlement.

Do Nothing

You will receive any payment or Account credit to which you are entitled, and will give up your right to bring your own lawsuit against Northwest Savings Bank about the claims in the case.

 

These rights and options – and the deadlines to exercise them – are explained in the Notice posted on this website.

The Court in charge of this case still has to decide whether to approve the Settlement. Payments and Account credits will be provided if the Court approves the Settlement and after any appeals are resolved. Please be patient.

Important Dates

Case Relevant Event Date
Exclusion Deadline March 19, 2015
Objection Deadline March 19, 2015
Final Approval Hearing April 7, 2015