Capital One customers have a one-week window to see if they benefit from the bank’s $16 million settlement to resolve claims it charged unlawful fees for some transactions.
While Capital One didn’t admit to any wrongdoing, the settlement comes as a victory for customers who claimed Capitol One violated its account terms by failing to refund NSF or overdraft fees it charged for represented check or ACH 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. Customers wishing to exclude themselves from or object to a settlement claim have until June 17 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.
