$2.5M Apple Federal Credit Union Overdraft Fee Settlement

Unsplash | Published: March 24, 2025

Objection Deadline: April 20, 2025

Payout: Varies

Is Proof required: Yes

What's the Apple Federal Credit Union Overdraft Fee Settlement?

A $2,500,000 class action lawsuit has been settled with Apple Federal Credit Union over allegations that it improperly charged overdraft fees on debit card payments and ATM withdrawals. The lawsuit claims breach of contract and violations of Regulation E of the Electronic Fund Transfers Act. Apple Federal Credit Union denies any wrongdoing but has agreed to settle the lawsuit to avoid the cost and risk of a trial resulting in a final judgment that's even greater.

What is the Total Settlement Amount?

The total settlement amount is $2,500,000, plus forgiveness of certain Uncollected Fees amounting to approximately $35,530.

How Do I Qualify For a Payout?

You qualify if you had a checking account with Apple Federal Credit Union and were charged an overdraft fee between January 7 2021 and March 31 2024.

What Are the Important Dates in this Settlement?

• Deadline to exclude yourself from the settlement: April 20, 2025
• Deadline to file an objection with the Court: April 20, 2025
• Final Approval Hearing: June 17, 2025

How Do I Find Class Action Settlements?

Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:

How Much Can I Get Paid?

The exact amount varies. Payments will be distributed equally from the $2.5 million settlement fund after deducting fees and costs.

How Do I File a Claim?

No claim filing is necessary. Eligible class members will automatically receive a payment or account credit.

Is Proof Required to File a Claim?

Consumers do not have to do anything to receive Apple FCU settlement benefits. You do not need to file a claim. If you received a Notice, you will automatically receive a payment or debt forgiveness unless you choose to exclude yourself from the settlement.

What's Next for the Settlement?

The Court in charge of the class action will hold a Final Approval Hearing for the Apple FCU settlement on June 17, 2025, to decide whether the settlement is fair, reasonable, and adequate. If approved, payments or credits will be issued within about 40 to 60 days after the settlement is approved. If there are objections, the process may be delayed.

Claim Form Website: Settlement Site

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Filing Class Action Settlement Claims

Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.

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