Stop! That's money, not junk mail

Checks are finally being mailed to millions of credit card holders as a result of class-action settlement. Don't toss it.

By MSN Money Partner Jan 5, 2012 7:37PM

This post comes from Gerri Detweiler at partner site on MSN MoneyMore than 10 million checks are going out to credit card holders as the result of the Currency Conversion Fee Antitrust Litigation settlement that I last wrote about -- get this -- four years ago. These refund checks are being sent to credit card holders as a result of a class-action lawsuit over the setting and disclosure of foreign currency conversion fees.


I just got a check for $18.04 from the settlement and, quite honestly, I could have easily mistaken it for junk mail. Like millions of others, I had filed a claim back in 2008 and had pretty much forgotten about it at this point.


Here's what the mailer looks like:

I wouldn't be surprised if a lot of these checks get tossed either inadvertently or because the recipient thinks it's some kind of scam.


Some people who filed claim forms and documentation showing how much they paid in foreign transaction fees will get larger checks. If you have moved since you submitted a claim, you'll need to write to:

Currency Conversion Fee Antitrust Litigation

Settlement Administrator

P.O. Box 290

Philadelphia, PA 19105-0290

I expected to get $25 under the "easy refund option" I had filed under. But the amount I received was smaller, because the amount of claims filed exceeded the settlement funds available. But, hey, it was a little bit of extra cash before the holidays.


With anything like this, you can expect scammers to seize the opportunity and try to use it to take advantage of unsuspecting consumers. I haven't heard of any scams coming out of this settlement yet, but if you receive an email or phone call from someone offering to help you process a refund, ignore it. You will not receive phone calls or emails from the settlement administrators. Either you'll get a check or you won't.


For more information, visit


More on and MSN Money:


Jan 6, 2012 9:06AM
Cochise1962, do us all a favor and never ever again post anything on the internet. I actually felt brain cells dying trying to decipher the gibberish you wrote. I'm not sure if you'd thought you might be impressing someone by dropping letters or substituting numbers but let me be the first to say it made you look either 5 years old, or retarded.
Jan 6, 2012 12:17PM

Both my wife and I got our checks, wow a measly $29.  I then looked to see just how much the attorneys made off of this suit.  They made over $30,000,000.00 must be nice to be an attorney for that suit; that $30M covered their work (no problem), travel expenses (problem), lunches (big problem) would love to see the IRS go and audit some of these law firms that do an audit.

Jan 6, 2012 9:00AM
I received the $18.04 and almost tossed it before I noticed that it was a check. It paid for lunch and a drink. Happy New Year!
Jan 6, 2012 10:49AM
Cashed mine....though I read it really carefully to make sure it didn't say "by cashing his check you are signing up for a new visa card with a $79 annual fee" - or something nutso like that.
Jan 6, 2012 10:01AM
Cochise1962:: Your nearly incomprehensible, barely literate tirade seems to have the American Bar Association in cahoots with the United States Postal Service to prop up the so-called welfare state. While you're (and it pains me to say this) correct about the lawyers making the most money in this particular tort action, it also forced banks to disclose foreign currency conversion fees and establish known fees--- so the end result is positive for anyone who travels internationally using credit and ATM cards.
Jan 6, 2012 10:54AM

I just got a settlement check for another class action settlement.

The amount of the check....5 cents

the amount of administrative fees charged to process that 5 cent check....67 cents

Was given a whole 30 days to cash the check, or it was void.

I put it next to the 5 dollar check I got years ago for 2 days of jury duty



Jan 6, 2012 1:06PM

I receive junk mail.  Open it and then rip it into smaller pieces, pack it back into their self-stamped envelope.  Becuase it is oversize, when it arrives back at the original destination, they must pay extra postage to receive it. 

This keeps the USPS in business and helps make them money.  Problem is they are gubmint controlled and overspend their budgets just like the rest of the feds !!!

Jan 6, 2012 9:41AM
These class action lawsuits yield settlement checks of a few dollars. I didn't even apply. 
Jan 6, 2012 12:00PM

I got my 18 bucks a few weeks ago and was terribly disappointed (not) to see it was less than the 25 bucks they said it was supposed to be. I wonder if the lawyers took a chunk out of their 90 million dollar share since there were so many claims (again, not)


I've got no problem with lawyers making big bucks generally speaking but these class action lawsuits are little more than a scam. 90 million bucks? Give me a break. That money ALL ultimately comes out of OUR pockets through raised interest rates and fees.

Jan 6, 2012 1:04PM
Cochise1962.  I read your was easy to read.  I get text messages from my teenage children all the time and they are even more cryptic.  No problem.  I take issue, however, with your feelings about the USPS.  Cheapest, most reliable, safest, quickest poatal service on the planet.  Oh, also, the employees live and spend in the United States of America.   
Jan 6, 2012 10:44AM
haha you all are funny!!!!! Yeah I received the check and with just a quick glance (didn't look at post mark) started to throw it away but I did stop and open it first. I was surprised it was a check.  So I think the article is saying look closer at your mail.
Jan 6, 2012 6:07AM
I still toss that junk mail which is costing me more in garbage bags than it's worth. The last  settlement check was for $1.67 and not worth the gas to go to the bank to cash it.
Jan 6, 2012 4:28AM
I got mine and put them in the bank. I got 2!!
Jan 6, 2012 9:33AM
Not particularly timely.  I got my check in November.
Jan 6, 2012 8:57AM
I wonder where the banking system will sit on the shelf when it enters Hell ..?
Jan 6, 2012 1:58PM
stocks are phony, unless it is a NEW visionary company with an earth shaking NEW IDEA !
Stocks are what  companies use to raise revenue so that they CAN come up with Earth shaking new ideas. I realize this is hard for some people to grasp but not everyone with more money than you is a greedy evil SOB.
Jan 6, 2012 11:27AM
Got my check around Dec 15th for just a little over $18. I had used my credit card  only a few times on the local economy while stationed in S. Korea back in 2002. Like everyone else, I had forgotten all about it. For me, the amount was probably accurate, even though I used the "default" claim.
Jan 6, 2012 12:50PM
Listen up!! I just received a $50 computer rebate check from HP in a "Presorted Standard Mail" foldover. Almost threw it out as junk.
Jan 6, 2012 1:06AM
Not going to search through all of my junk mail for a few dollars.  As far as jobs being mentioned; I don't want the junk mail.  I didn't ask for it and I should be able to opt out. 
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