$300K First Federal Bank of Kansas City Settlement Ends Overdraft Fee Class Action Lawsuit

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First Federal Bank of Kansas City has agreed to a $300,000 settlement to resolve a class action lawsuit that alleged the financial institution improperly charged overdraft fees on debit card transactions authorized on sufficient funds but that settled on negative funds.

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The $300,000 First Federal Bank of Kansas City class action settlement covers all current and former holders of a personal checking account at the bank who, between February 23, 2019 and May 5, 2026, incurred overdraft fees on debit card transactions authorized on sufficient funds and settled on negative funds in the same amount for which the transaction was authorized.

Court documents state that consumers who received a settlement notice are automatically covered by the class action settlement.

The court-approved website for the First Federal Bank of Kansas City (FFBOKC) overdraft fee settlement can be found at MonkOverdraftFeeSettlement.com.

First Federal Bank of Kansas City settlement class members do not need to take any action to receive a cash payment from the deal. The amount of each class member’s payout will depend on the amount of fees they paid for covered transactions, among other factors.

Class members who are current FFBOKC accountholders will receive their settlement payment as an automatic credit to their account, whereas former accountholders will receive their cash payout via check.

The court will determine whether to grant final approval to the FFBOKC overdraft fee settlement following a hearing on October 1, 2026. Compensation will begin to be distributed to class members only after final approval is granted and any appeals are resolved.

The First Federal Bank of Kansas City class action lawsuit alleged that the Missouri-based financial institution wrongfully charged checking account customers improper overdraft fees on debit card transactions authorized on sufficient funds but that later settled on negative funds in the same amount for which the transaction was approved.

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