New York Community Bank Fees Settlement
If you held a New York Community Bank (NYCB) checking account and were charged certain non-sufficient funds (NSF), overdraft or multiple out-of-network (OON) ATM fees between 2017 and 2024, you could automatically receive cash or an account credit from a $1.233 million class action settlement. No claim form is required—just review your options below and watch for payment.
Visit Official Settlement Site
Who Is Eligible?
- Current or former NYCB checking-account holders who:
- Paid an NSF or overdraft “Retry Fee” on ACH or check items re-submitted between March 2 2017 – January 1 2020, and/or
- Paid a second out-of-network ATM fee on withdrawals preceded by a balance inquiry between August 20 2020 – February 20 2024.
Settlement Benefits
- Total fund: $1,233,500.
- After court-approved deductions (attorneys’ fees, costs, service awards & administration), the net fund will be split pro-rata among eligible customers.
- Current accountholders will receive an automatic credit; former accountholders will be mailed a check.
Your Legal Options
- Do nothing – keep your rights to payment and release claims.
- Exclude yourself – no payment, but you keep the right to sue NYCB individually. Postmark deadline: 12/15/2025.
- Object – stay in the case and ask the Court to change the settlement. Postmark deadline: 12/15/2025.
Key Dates
- Opt-Out Deadline: December 15 2025
- Objection Deadline: December 15 2025
- Final Approval Hearing: January 13 2026
- Expected Payments/Credits: within 30 days after the settlement becomes final (no appeals pending).
Important Documents
Download and review official court filings:
Notice of Settlement (PDF)
Settlement Agreement (PDF)
Preliminary Approval Order (PDF)
Frequently Asked Questions
What is the New York Community Bank Fees Settlement about?
The lawsuit alleges NYCB breached its account agreements and New York consumer-protection law by charging improper “Retry” NSF/overdraft fees and multiple OON ATM fees. NYCB denies wrongdoing but agreed to settle to avoid further litigation.
How will my payment be calculated?
Your share is based on the number and dollar amount of “Relevant Fees” you paid compared with all other class members. Precise formulas appear in the Settlement Agreement.
Do I need to submit a claim form?
No. Payments and credits are automatic if the Court grants final approval and you do not opt out.
When will I receive my money?
Assuming no appeals, checks and account credits should be issued within 30 days after the settlement becomes final—likely in 2026.
How do I opt out or object?
Mail a signed letter to the Settlement Administrator at P.O. Box 25226, Santa Ana CA 92799 postmarked by 12/15/2025. Include your name, address, phone, email and the last four digits of your NYCB account number. Objections must also list your reasons and any supporting evidence.
Who represents the class?
The Court appointed experienced consumer-protection firms as “Class Counsel.” Their fees (up to one-third of the settlement) will be paid from the fund if approved.
Where can I get more information?
• Visit the official settlement website.
• Email the administrator at info@NYCBsettlement.com or call (833) 417-4937.