Capital One customers have four days to see if they benefit from the bank’s $16 million settlement to resolve claims that it charged unlawful fees for some transactions.
Capital One account holders who were charged a represented fee between Sept. 1, 2015, and Jan. 12, 2022, are not required to provide anything to submit a claim.
While Capital One did not admit to any wrongdoing, the settlement is a victory for customers who claimed that the bank violated its account terms by failing to refund non-sufficient funds or overdraft fees it charged for represented checks or automated clearing house transactions.
Customers wishing to exclude themselves from or object to a settlement claim have until Monday to submit a written objection to the settlement administrator.
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Eligible customers who do not exclude themselves will automatically receive a settlement payment.
More information can be found here.
