CIBC Duplicative NSF Fees Class Action
Checked October 19, 2026 against the official notice · Edited by Ferhat Abdullahoglu
If approved, current CIBC and Simplii customers who were charged a second NSF fee on a PAD transaction between September 21, 2020 and February 1, 2024 (CIBC) or December 18, 2022 (Simplii) are eligible. They will receive an estimated pro rata payment of approximately $35 directly deposited into their account, with no claim required.
Who qualifies
- Between September 21, 2020 and February 1, 2024.
“every current CIBC and Simplii customer who CIBC and Simplii’s records show may have been charged an NSF fee on a PAD transaction from the same merchant and in the same amount as a previous PAD transaction within 2 and 30 days and with respect to which an NSF fee was charged (a “Second NSF Fee”), between September 21,…”From the court-approved notice
What you can get
Pro rata cash payment
approximately $35
Proof: None
These are the amounts the settlement publishes. Shares of a fund depend on how many people file: what pro rata means.
How to file
There's nothing to file: class members are paid automatically once the settlement is final.
Key dates
When settlements pay, and what can delay it.
Is this settlement legit?
Yes. It's a court-approved class action settlement. The official site is kmlaw.ca. You never pay to file a claim. How to check a settlement notice.
Related settlements
ClaimWell summarizes the official notice so it's easier to read. It isn't legal advice; the official settlement site is the authority on who qualifies and what each claim pays.