TD Customers Could Soon See Payments From NSF Class Action Lawsuit Settlement

TD and RBC logos are seen on the outside of office towers in downtown Vancouver on Jan. 19, 2023. The two large Canadian banks feature prominently in Canadian ESG funds. The Canadian Press/Darryl Dyck

If you’re a TD Bank customer, you could soon receive a payment as part of a $15.9 million class action settlement.

The lawsuit alleges the bank charged duplicate non-sufficient fund (NSF) fees on “re-presented pre-authorized debit (PAD) transactions.”