If UMB Bank charged you an overdraft fee during the dates of April 5, 2005 through August 31, 2010 you are a potentially a class members of the UMB Bank Fee Lawsuit Settlement and could collect a settlement.
The UMB Bank Fee Lawsuit claims that UMB did not process transactions in the order that they were recieved and this cause certain customers to pay a overdraft fee. It would be similar to standing in line at a bakery and ticket number 23 is called before you and your holding ticket number 20. The settlement amount will depend on the class members business records for the given class time frame. Payments will be made if the Court approves the settlement and a fairness hearing is set for October 31, 2011 to determine if the settlement is fair. The Defendants deny all the claims of wrong doing.
Claim forms do not have to be filed and if you receive a notice in the mail, UMB’s records show that you are a Class Member. A settlement fund of over $7 million dollars has been created. October 11, 2011 is the last day to submit an objection or exclude yourself.
More information can be found at www.bankfeesettlement.com