Americans who were unfairly charged overdraft fees by Apple Federal Credit Union may be eligible for a cash payout as part of a $2.5 million class action settlement—and no proof is required to claim the funds.
The lawsuit alleged that Apple Federal Credit Union wrongfully charged overdraft fees on ATM withdrawals, transfers, and debit card payments from January 7, 2021, to March 31, 2024. While the company denies any wrongdoing, it has agreed to settle with financial payments to affected customers.
Here’s what you need to know about the settlement eligibility, payment details, and deadlines.
Who Qualifies for the Apple Federal Credit Union Settlement?
You may be eligible for a cash payout if you:
Had or currently have a checking account with Apple Federal Credit Union.
Were charged overdraft fees between January 7, 2021, and March 31, 2024.
Did not opt out of the class action lawsuit.
If you meet these criteria, you will automatically receive payment—no claim form is required.
What Were the Overdraft Fee Claims?
The lawsuit alleged that Apple Federal Credit Union:
- Charged “authorized positive but unauthorized negative” overdraft fees, meaning transactions were approved with a positive balance but later resulted in a fee.
- Broke promises in its account agreements by applying unfair fees.
How Much Will You Receive?
The exact amount of your payout depends on how much you were charged in overdraft fees:
| Overdraft Fees Paid | Settlement Payout |
|---|---|
| $100 or less | Proportional share of the total settlement fund. |
| More than $100 | Capped at a maximum of $100. |
If you are eligible, you do not need to submit any documents—payments will be automatically issued.
Settlement Timeline & Important Dates
Final Approval Hearing: June 17, 2025
Opt-Out Deadline: April 20, 2025
What If You Want to Exclude Yourself?
If you do not want to participate in the settlement and wish to retain your right to sue Apple Federal Credit Union separately, you must opt out by April 20, 2025.
How Will You Receive Your Payment?
Eligible individuals will receive their settlement payout automatically—no action is required. Payments will likely be distributed via:
Direct deposit to eligible checking accounts.
Mailed check to former customers.
Other Settlement Opportunities
Several other class action settlements are offering cash payouts to eligible Americans:
1. Oakland, California Data Breach Settlement
Payout: Up to $10,000 per claimant.
Who Qualifies? Oakland residents affected by a 2023 cybersecurity breach that exposed Social Security numbers, medical records, and driver’s license numbers.
2. UNITE HERE Labor Union Data Breach Settlement
Payout: Up to $5,000 per claimant (with proof of loss).
Who Qualifies? Labor union UNITE HERE members whose personal information was compromised in a 2023 data breach.
The Apple Federal Credit Union overdraft fee settlement provides an opportunity for eligible customers to get a share of $2.5 million—without submitting a claim form. If you were charged overdraft fees between 2021 and 2024, you should expect an automatic payout unless you choose to opt out by April 20, 2025.
For official updates, visit the settlement administrator’s website (once available) or contact Apple Federal Credit Union for details.
FAQs
Do I need to file a claim to receive money?
No, eligible Apple Federal Credit Union customers will receive automatic payments—no action is needed.
How do I know if I qualify?
If you had an Apple Federal Credit Union checking account and were charged overdraft fees between January 7, 2021, and March 31, 2024, you qualify.
When will payments be distributed?
Payments will be sent after the final approval hearing on June 17, 2025.
How much money will I receive?
It depends on how much you paid in overdraft fees:
$100 or less → A proportional share of the settlement fund.
More than $100 → Capped at $100.
What happens if I want to sue separately?
You must opt out by April 20, 2025 to retain your legal rights.
