Sufficient Funds Class definition

Sufficient Funds Class means those members of Defendant who were assessed and who paid an overdraft fee between February 21, 2011 and October 31, 2016, on any type of payment transaction and at the time such fee was assessed the member had sufficient money in his or her ledger balance to cover the transaction that resulted in the fee.

Sufficient Funds Class means those members of Defendant who received an overdraft fee on a non-business account when, at the time the transaction posted to the member’s account, the ledger balance was equal to or greater than the transaction causing the overdraft between December 9, 2009 and September 18, 2015.

Sufficient Funds Class means those members of Defendant who became members of Defendant prior to March 1, 2018, and were assessed an overdraft fee between June 15, 2012 and June 15, 2019, on any type of payment transaction and at the time such fee was assessed the member had sufficient money in his or her ledger balance to cover the transaction that resulted in the fee.

Examples of Sufficient Funds Class in a sentence

• Together with the filing of the Motion for Preliminary Approval, the parties will file a motion requesting allowance of the filing of a Second Amended Complaint expanding the covered transactions to include for the Sufficient Funds Class those set forth in Plaintiff’s Motion for Leave to File Second Amended Complaint filed on April 2, 2015, and other necessary changes, if any, for conformance with this Settlement Agreement.

• The Preliminary Approval Order shall provide for: preliminary approval of this Agreement; provisional certification of each class for settlement purposes; appointment of Class Counsel as counsel to the provisionally certified classes and the Plaintiff as Class Representative; and the requirement that the Notice be given to the members of the APSN Class and the Sufficient Funds Class as provided in Section 4, below (or as otherwise determined by the Court).

• Of the $6,500,000 Settlement Fund, $500,000 is allocated to the “Regulation E Overdraft Charges” and $6,000,000 is allocated to the “Sufficient Funds Overdraft Charges.” In other words, 7.7% of the Settlement Fund is being allocated to the Regulation Class and 92.3% is being allocated to the Sufficient Funds Class.

• The Fee Expert shall enter into a retainer agreement with Class Counsel, approved by both parties, to provide services relating to identification of members of the APSN Class and the Sufficient Funds Class and determination of the apportionment of the Settlement Fund to each of the Class Members.

• Named Plaintiff shall propose and recommend to the Court that the Sufficient Funds Class and the APSN Class shall be certified for purposes of implementing the terms of the Settlement provided for in this Agreement.

More Definitions of Sufficient Funds Class

Sufficient Funds Class means those members of Defendant who were assessed an

Sufficient Funds Class comprised of members with accounts with Defendant who incurred overdraft fees when they had a positive ledger balance in their account that was sufficient to cover the transaction, despite an insufficient available balance to cover the transaction.

Sufficient Funds Class means those current and former customers of Defendant who are residents of Indiana, Kentucky, or any other State, who have or had an account with Defendant and who were assessed Sufficient Funds Fees during the Class Period.

Sufficient Funds Class means those members who were assessed Sufficient Funds Overdraft Fees, which shall mean overdraft fees that Defendant assessed and did not refund from February 19, 2010 to May 20, 2020 when there was enough money in the customer’s account to cover the transaction in question if holds placed on deposits and pending debit card transactions were not deducted from the account.

Sufficient Funds Class means all current or former members of Defendant who were assessed Sufficient Funds Overdraft Fees on a consumer account.

Sufficient Funds Class means those members of Defendant who paid a Sufficient Funds Overdraft Charge that was not refunded.

Sufficient Funds Class means those customers of Glens Falls or Saratoga who, from July 1, 2014 to July 1, 2021, paid a Sufficient Funds Overdraft Charge that was not refunded.