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;
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.