PITTSBURGH (KDKA) – Some 75,000 customers could be due about $1.4 million dollars due to a settlement by Citizens Bank of Pennsylvania.

The Federal Deposit Insurance Corp announced the agreement that says Citizens bank will also pay a $5 million civil penalty to settle allegations that it deceptively marketed its overdraft and checking rewards programs.

READ MORE: Sabrina Spellman Makes An Appearance On The CW's Riverdale; Kiernan Shipka Reveals 'Fans Will Get Some Clarity'

The settlement covers a four-year period from January 2008 to November 2011.

The FDIC says customers eligible for the refunds don’t have to take any action.

READ MORE: Around The Table: Omicron Variant's Impact On The Stock Market

Citizens’ parent company, RBS Citizens based in Rhode Island, reached a similar settlement announced today with the Office of the Comptroller of the Currency covering 265,000 affected customers in other states.

MORE NEWS: Pitt Quarterback Kenny Pickett Named Heisman Trophy Finalist

RELATED LINKS:
More Reports By Jon Delano
More Consumer News