We’re got all of the details for the Prepaid Gift Card Class Action.
Were you a cardholder of a Peoples Trust prepaid Visa or Mastercard gift card between November 29, 2011 and April 30, 2014?
If so, you could be entitled to cash compensation as part of a new class action lawsuit.
About The Class Action
This Class Action alleges that Peoples Trust Company and Peoples Card Services breached Ontario’s Gift Card regulations by charging fees & seizing unused balances on prepaid cards.
This case covers both reloadable and non-reloadable cards.
In September 2020, the Court approved a settlement and distribution protocol for $17,000,000 for affected class members.
Who is a Class Member?
You care entitled to make a claim for a share of the settlement if you are an Ontario resident who purchased or received a Peoples Trust prepaid card between November 29, 2011 and April 30, 2014.
The following are the payment cards included in this case:
| Non-reloadable Prepaid Cards | Reloadable Prepaid Cards |
| Vanilla Prepaid Visa; Vanilla Prepaid MasterCard; Shell Non-Reloadable MasterCard; The Ideal Choice/Online Payment Card MasterCard; House Points; Give and Go Prepaid Visa. | Nextwave Titanium+ Prepaid Visa; Shell Prepaid Reloadable MasterCard; EPIC Prepaid MasterCard; Evolve Prepaid Visa; HorizonPlus Prepaid MasterCard; PTC Company US Dollar Prepaid MasterCard; YesCard Prepaid Visa. |
How Much Will I Get?
The Distribution Protocol provides that the settlement funds will be allocated into two pools as follows:
- 29.2% will be payable to Class Members who possessed reloadable Prepaid Cards; and
- 70.8% will be payable to Class Members who possessed non-reloadable Prepaid Cards.
To value a claim, the claims administrator will:
- Review the settlement class member’s claim form; and
- Pay each claimant with a valid claim, on a per capita basis, up to the average amount of fees and expired balances incurred by Class Members who held either reloadable or non-reloadable Prepaid Cards, from the respective pools.
You DO NOT need documentation or proof to submit a claim.
About Your Payment
Exact details regarding amount of payment or when payments will be issued is not yet available.
A further notice will be published with the details and deadline for filing a claim under the Distribution Protocol.
