Jones v. Bankers Trust Company

The United States District Court for the Southern District of Iowa
Case No. 4:23-cv-00477

Welcome to the Settlement Website for the Bankers Trust Company Settlement

If you were assessed a Challenged Fee by Bankers Trust Company, you could get a payment and/or other benefits from a class action settlement.

The settlement relates to certain fees (defined below as “Challenged Fees”) that Bankers Trust Company (“Defendant”) charged. If you were charged such a fee, you are a member of the Settlement Class (each, a “Class Member”).

“Challenged Fees” means: (1) Overdraft fees incurred during the Class Period on debit card transactions authorized on a sufficient available balance (“APSN Fees”); and (2) Overdraft fees incurred during the Class Period for one-time debit card transactions and ATM transactions (“Reg-E Fees”). The “Class Period” is for APSN Fees, December 1, 2016, through April 3, 2023; and, for Reg-E Fees, December 1, 2022, through April 3, 2023. Capitalized terms used and not otherwise defined herein are defined in the Settlement Agreement.

Class Members who do nothing will automatically receive a check or account credit and/or debt forgiveness. Payments and credits will be from the Net Settlement Fund based on a percentage of the amount of applicable fees paid. The amount of these payments will be determined by an independent settlement administrator and not by Defendant.

Your legal rights are affected, so please read the Notice carefully.

Your Legal Rights and Options in this Settlement

Do Nothing

Automatically receive a settlement check or account credit and/or debt forgiveness once the settlement is finally approved. Give up the right to bring a separate lawsuit about the same issues.

Exclude Yourself

Get no benefits from the settlement. Keep the right to bring a separate lawsuit about the same issues at your own expense.

Object

Write to the Court about why you don’t like the settlement. If the settlement is approved you will still automatically receive a check or account credit and/or debt forgiveness and give up the right to bring a separate lawsuit about the same issue.

These rights and options—and the deadlines to exercise them—are explained in the Notice and on FAQs page.

Please be patient while the Court decides whether to approve the settlement.

Upcoming Important Dates

Notification Mailing

10/17/2025

Objection Deadline

11/17/2025

Opt Out Deadline

11/17/2025

Final Approval Hearing

12/17/2025 at 11:00 a.m.