The First Federal Bank of Kansas City overdraft settlement timeline starts with a Feb. 23, 2024 class complaint and runs through a May 5, 2026 class cutoff and an Aug. 3, 2026 opt-out date.
The deal would pay $300,000 to resolve debit-card overdraft-fee claims, subject to court preliminary and final approval. The practice at issue is sometimes called authorize-positive, settle-negative. It means a debit-card purchase is approved when the account holds enough money, then later draws an overdraft fee when it settles for the same amount. Readers deciding what to do need the dates, who is covered, and where the official details live.
Official resources:
- Read the official notice from Evilcorporations — Use this primary source to verify the official announcement.
- Read the official notice from Classactiontracker — Use this primary source to verify the official announcement.
Table of Contents
- What the lawsuit claimed
- Who falls inside the settlement class
- How much money is involved
- What deadlines and actions matter now
What the lawsuit claimed
The case being settled is Monk v. First Federal Bank of Kansas City, Case No. 2416-cv04957, in the Circuit Court of Jackson County, Missouri at Kansas City. The plaintiff alleged the bank charged overdraft fees on debit-card transactions authorized on sufficient funds but settling on negative funds for the same authorized amount.
That allegation comes from the Settlement Agreement, as described in the supplied research packet. According to the Settlement Agreement hosted by Evil Corporations, the original class complaint was filed Feb. 23, 2024. The agreement does not itself prove the claim, but it sets the conduct and time frame the settlement would resolve.
Who falls inside the settlement class
The settlement class covers current and former holders of a personal checking account who incurred the challenged debit-card overdraft fees between Feb. 23, 2019 and May 5, 2026.
That definition comes from the court-authorized Notice described in the research packet. Check these three points together: Someone outside any one point would not match the stated class. Someone inside all three should watch the official settlement website for next steps.
- personal checking account, not business or savings
- one or more challenged debit-card overdraft fees
- fee date on or after Feb. 23, 2019 and on or before May 5, 2026
How much money is involved
First Federal Bank of Kansas City agreed to pay $300,000 to settle the overdraft-fee claims. Payment remains subject to court preliminary and final approval, so no payout is final until the court approves. An Oct.
26, 2026 settlement tracker lists the $300,000 settlement as paying through account credits or checks, according to the OpenClassActions tracker for the week of Oct. 26, 2026. The same tracker cautioned that listed settlements were still awaiting preliminary approval with nothing to file yet. That timing matters because readers should not expect an active claim form before approval moves forward.
What deadlines and actions matter now
The Notice required exclusion or opt-out requests to be postmarked by Aug. 3, 2026 and mailed to the settlement administrator.
A late or misaddressed request would not follow the stated opt-out path. For the full terms, the court-authorized Notice directs class members to www.MonkOverdraftFeeSettlement.com, according to the Notice hosted by Class Action Tracker. Use that official site, not a third-party summary, to confirm the Settlement Agreement, administrator address, and any later filing instructions.