$5.5 Million Navy Federal Credit Union Class Action

$5.5 Million Navy Federal Credit Union Class Action

Open Class Action Settlement

Adobe | Published: May 24, 2024

Claim Form Deadline: August 8, 2024

Payout: Up To $4

Proof required: Yes

What is Navy Federal Credit Union Class Action About?

A $5.5 million class action settlement has been agreed with Navy Federal Credit Union. According to the class action lawsuit, some of Navy Federal Credit Union's banking customers were charged international service fees for debit card use, and this allegedly broke their contract and the bank's good faith commitment, charging customers physically located in the United States a fee that is specifically for international charges.

According to the Navy Federal Credit Union's website as of May 2024, the International Service Assessment fee is a 1% fee charged on purchases to cover currency conversion costs. This fee also applies to ATM cash withdrawals, both at CO-OP Network ATMs, where some machines might charge the fee, and at non-Navy Federal/out-of-network ATMs, which additionally might impose varied ATM access fees and a $1 service fee for various transactions. The class action lawsuit seeks to address wrongdoing wherein customers were charged this fee even though they were not outside of the United States.

Do I Qualify for Payout?

All current and former Navy Federal Account holders who were charged at least one ISA (International Service Assessment) Fee at any time between August 9, 2016, and March 24, 2023, for purchases made while they were physically in the United States may be eligible for reimbursement.

How Much Can I Get Paid?

All Settlement Class Members who submit a valid claim will be eligible to receive a $4.00 base payment. If the Net Settlement Fund does not have sufficient funds to pay $4.00 to each member who submits a valid claim, the payment amount will be reduced on a pro rata basis.

How do I file a claim?

In order to receive a reimbursement from the settlement, you must submit a valid and timely claim form by August 8, 2024. You can file the claim form online or by mail, postmarked to the following address:

Morrow v. Navy Federal Settlement Administrator
P.O. Box 2329
Portland, OR 97208-2329

Claim Form Website: NFCUFeeLitigation.com

Submit Claim Here

How Do I Find Class Action Settlements?

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

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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