The TD Bank Class Action Lawsuit has been brought forward after there has been a report by the CBC which has brought the allegations regarding the high pressure sales tactics by the Staff of TD Bank. The TD Bank Class Action Lawsuit Settlement Amount 2024 is around $22 million and the lawsuit has been brought after several years where TD Bank has made the customers purchase the products at very high prices. The individuals shall first check the Toronto Dominion Bank Class Action Eligibility 2024 to know if they are entitled to get the benefit and TD Bank Class Action Payment Date 2024 has not been provided yet and is expected to be given soon. Through this page you will get the complete updates on the Class Action Lawsuit Settlement amount and payment date.
TD Bank Class Action Lawsuit Settlement Amount 2024
Canada’s Toronto Dominion Bank has been the Federal Agency of the Nation which is giving the finances to the individuals living in the Nation. In the year 2021, the clients of the bank have reported that the bank and its staff have been continuously charging a penalty on the insufficiency of funds. The consumers were to pay the amount as the charges if they had to do any transaction without having a sufficient bank balance. After such cases, the bank has been charged under the money laundering breach case where extra charges were said to be paid by the citizens on the transactions once the payment is submitted. The misleading and the money laundering has been stated to be occurring for a very long time.
The customers have also seen another breach where they were forced to purchase the products sold by the bank which are no longer needed by them and that too at a very high price. The lawsuit is for the clients who have purchased the shares between 26-08-2021 to 3-06-2024. The bank has denied all the facts regarding the deficiencies in the money laundering case and have claimed that there were no reduced stock prices. It is stated that approximately $22 million will be given to the customers after they have suffered and the date on which the claim will be settled has not been provided yet. Through the given article you will be able to check the complete details on the new lawsuit and its settlement.
Toronto Dominion Bank Class Action 2024
| Post Title | TD Bank Class Action Lawsuit Settlement Amount 2024 |
| Bank | TD – Toronto Dominion Bank |
| Country Name | Canada |
| Claim Settlement name | TD Bank Class Action Settlement |
| Type of Settlement | Class Action |
| Filing of Lawsuit In | 2021 |
| Toronto Dominion Bank Class Action Eligibility 2024 | Those affected by the money laundering case |
| Application date | 13 May 2024 |
| Payment process | Online |
| TD Bank Class Action Lawsuit Settlement Amount 2024 | Around $22 million |
| TD Bank Class Action Payment Date 2024 | Expected in August 2024 |
| Legal proceedings | Settlement to be given only after the prior action |
| Post Type | Finance |
What Is TD Bank Lawsuit About?
- The customers filed the case against Canada’s Toronto Dominion Bank in the year 2021 against the money laundering.
- The customers in their complaint have stated that TD bank has charged the illegal penalties on single check transactions.
- The bank has also imposed extra costs if the customer’s account is not having any sufficient balance as a part of the funds.
- The bank staff has forced the customers so much that they have to buy the not required products at a very high cost from August 26, 2021 to June 3, 2024.
- After the case was filed, the bank decided to provide the benefit of around $22 million to the customers.
Toronto Dominion Bank Class Action Eligibility 2024
- To be eligible to get the settlement amount, you have to meet the basic eligibility conditions.
- The beneficiary shall be a Canadian Resident holding a personal account in the bank.
- The beneficiary shall have got penalty on the non sufficient fund balance in the accounts.
- The customers shall have got the shares between August 26, 2021 and June 3, 2024.
- The clients shall have the details on the NSF Cost for the single payment.
TD Bank Lawsuit Settlement Amount 2024
After the breach was found, the Bank has decided to provide the customers with the amount and is expected to give around $22 million to the customers. The TD bank will automatically transfer the amount in the bank accounts of the customers and the amount will be provided after the Court has accepted the settlement claim.
The amount will be paid after deducting the legal fees, taxes and administration expenses from the settlement amount.
What Is The TD Bank Class Action Payment Date 2024?
To get the settlement amount, each class member has to submit the claim form and upload the necessary documents to the website. The Claim form has to be submitted till 3 May 2024 and you will get the benefit only if you have submitted the form and the date on which the payment is to be given has not been released yet but is expected to be given in August 2024.
FAQs On TD Bank Class Action Lawsuit Settlement Amount 2024
The lawsuit was about the money laundering case where extra charges were being imposed.
The amount is said to be $22 million as the settlement claims.
The ones who have purchased the shares between 26 August 2021 and 3 June 2024 and have been charged with huge penalties will be given the benefit amount and will be eligible.