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Oppenheimer & Co. $70M Bank Deposit Program Settlement

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About this settlement

Oppenheimer & Co. agreed to pay $70 million to resolve allegations that customers participating in its Advantage Bank Deposit Program did not receive appropriate interest rates.

Oppenheimer denies wrongdoing.

To qualify

Did you participate in Oppenheimer's Advantage Bank Deposit Program?

Eligibility requirements

You may qualify when:

  1. 1You were an Oppenheimer or Oppenheimer Asset Management customer.
  2. 2You participated in the program for at least one day.
  3. 3Your participation occurred between March 17, 2022, and May 22, 2026.

You must provide account statements or other records showing deposit balances and participation dates. Online claims also require the claim ID and PIN from the settlement notice.

Payment details

Your payment depends on deposit balances, the applicable deposit tier, length of participation, interest received, the calculated market-based rate and total approved claims.

Legal Notice

ClaimedMoney is not a law firm or financial adviser and is not affiliated with Oppenheimer, the settlement administrator, any law firm or the court.

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