If you have or had a personal checking account with First Federal Bank of Kansas City and were charged certain overdraft fees, you may be eligible to receive money from a $300,000 class action settlement.
The settlement resolves claims that the bank allegedly charged overdraft fees on certain debit card transactions that were authorized when an account had enough funds but later settled when the account had insufficient funds.
First Federal Bank of Kansas City denies wrongdoing but agreed to settle the lawsuit to avoid the expense and uncertainty of continued litigation.
Why does this lawsuit exist?
The lawsuit claims First Federal Bank of Kansas City improperly charged overdraft fees on certain debit card transactions.
The allegations involve transactions where:
The bank authorized a debit card transaction when the account had sufficient funds available
The transaction later settled when the account had insufficient funds
The customer was charged an overdraft fee as a result
The plaintiff claimed these practices violated the account agreement and the implied covenant of good faith and fair dealing.
Who qualifies for the settlement?
You may be included if you meet all of these requirements:
You currently have or previously had a personal checking account with First Federal Bank of Kansas City
The bank charged you one or more overdraft fees on eligible debit card transactions
The transaction occurred between February 23, 2019, and May 5, 2026
The settlement administrator identified eligible class members using the bank’s customer account records.
If you received a settlement notice, you are likely included.
How much money can you receive?
First Federal Bank of Kansas City agreed to pay $300,000 into the settlement fund.
After deductions for attorneys’ fees, costs, administration expenses, and the class representative service award, the remaining funds will be distributed to eligible class members.
Your payment amount depends on:
The number of eligible overdraft fees charged to your account during the settlement period
The total number of eligible overdraft fees charged to all class members
Payments will be proportional based on the number of eligible fees attributed to each class member.
What are your options?
Your choices affect your rights under the settlement.
| Option | What happens? | Deadline |
|---|---|---|
| Do Nothing | You do not need to submit a claim. If you are eligible and do not exclude yourself, you will automatically receive your payment or account credit. | No action required |
| Exclude Yourself From the Settlement | You can opt out of the settlement by sending a written request to the settlement administrator. If you exclude yourself, you will not receive a settlement payment but will keep your right to pursue your own claims. | August 3, 2026 |
| Object to the Settlement | You can submit an objection explaining why you believe the court should reject the settlement. | August 3, 2026 |
| Attend the Final Approval Hearing | The court will hold a fairness hearing to consider final approval of the settlement. | October 1, 2026 |
Do you need to file a claim?
No.
Eligible class members do not need to complete a claim form to receive payment.
If you stay in the settlement:
Current First Federal Bank of Kansas City customers will receive a credit to their account.
Former customers will receive a check mailed to their last known address.
If your address has changed, contact the settlement administrator to update your information.
Settlement administrator:
Monk v. First Federal Bank of Kansas City Settlement Administrator
P.O. Box 301130
Los Angeles, CA 90030-1130
When will payments be sent?
If the settlement receives final approval and any appeals are resolved, the settlement administrator will issue payments or account credits within 45 days.
