Refund Check for Foreign Fees is Legit | News

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Refund Check for Foreign Fees is Legit

JACKSONVILLE, Fla. -- Be on the lookout for a holiday surprise in your mailbox.

"It's entirely possible that I have gotten that and thrown it away actually," said Lacey Walker.

Lacey Walker should have a surprise coming and it's because she traveled outside of the country and used her credit cards.

She could be one of the 10 million people who will get a check in the mail for that travel.

The check is worth $18.04.  All you have to do is go to the bank and the cash is yours.

Sound too good to be true?  "It's good.  Cash it and go to McDonald's and have lunch," said Tom Stephens, who is the President of the Northeast Florida Better Business Bureau.

Stephens has done his research, and he said the check is legit.

He said the payout is from a class action lawsuit settlement involving credit card companies and overseas fees.  "Because of the fees they charged for overseas transactions, so anybody that traveled overseas in the last 4, 5 years got charged fees.  They were in excess of what they thought they ought to be. So, this is a settlement to refund those fees."

Most of the people we talked to had never heard of the Foreign Currency Fee Litigation Settlement Fund.

"No. I can't say that I have. I would have thrown it away," said Chandra Manning.  She said she throws out all mail that looks like it could be a scam to get her information.

According to the settlement fund's website, it is sending checks to those who traveled out of the country from February 1996 to November 2006 and used a Visa, MasterCard or Diner's Club card.

The companies are paying out more than $180.4 million in the settlement.

Manning said she's afraid she's already missed her chance to cash in.  "If it's not from a company that I know I'm already doing business with, it just goes in the trash."

Those who get a check could get another smaller check in the future. There is another settlement in the works on overseas credit card fees.






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