From: Higher One OneAccount Settlement Administrator [Administrator@qgemail.

com]
Sent: Tuesday, July 01, 2014 3:36 PM
To:
Subject: Higher One Class Action Settlement
UNITED STATES DISTRICT COURT FOR THE DISTRICT OF CONNECTICUT
A federal court authorized this notice. It is not a solicitation from a lawyer.
If you opened a Higher One OneAccount bank account between July 1, 2006 and August 2, 2012 and incurred a fee, you
may be eligible for a payment from a class action settlement.
A $15 million proposed Settlement has been reached in class action litigation against Higher One Holdings, Inc., Higher One,
Inc., The Bancorp Bank, Wright Express Financial Services Corporation now known as WEX Bank, and Taylor Capital
Group, Inc. (Defendants) regarding the fees charged for and the marketing of Higher One OneAccount bank accounts.
The Litigation is pending in the United States District Court for the District of Connecticut, No. -md-2407, before the
Honorable Vanessa L. Bryant.
What is this case about? Plaintiffs claim that Defendants marketing did not adequately disclose the refund disbursement
methods available to students for their tuition and financial aid refunds and that Defendants charged inadequately disclosed
and otherwise improper fees, such as PIN Based Transaction Fees and Non-Higher One ATM Fees, for use of
OneAccounts. Plaintiffs assert that Defendants practices breached the Account Terms and Conditions, unjustly enriched
Defendants, and violated various state consumer protection laws. Defendants maintain that there was nothing wrong with
their marketing and fee practices and that they did not violate any laws. The Court has not decided which side is right.
How and When Do I Get Paid? You must submit a Claim<http://smtr.qgemail.com:80/track?type=click&enid=
ZWFzPTEmbXNpZD0xJmF1aWQ9Jm1haWxpbmdpZD0zMzc1ODA2Jm1lc3NhZ2Vp
ZD0yMDEzMDAmZGF0YWJhc2VpZD0zNDE5OTEmc2VyaWFsPTE2ODE1Mjc5JmVt
YWlsaWQ9cmFzaGFkLnNoZWx0b25AbXkudW5kLmVkdSZ1c2VyaWQ9QVFWTDFj
RUFBQUNUQWJnQUVsT3l4ZTgmdGFyZ2V0aWQ9JmZsPSZleHRyYT1NdWx0aXZh
cmlhdGVJZD0mJiY=&&&2000&&&https://oneaccountsettlement.com/mainpage/SubmitYourOnLineClaim.aspx?id=
30298514 > by January 23, 2015 to participate in the Settlement. Once the Settlement is approved and becomes final
(including after any appeals are dismissed), and once all timely Claims are processed, Settlement funds will be distributed
promptly.
Click this link to Submit a Claim<http://smtr.qgemail.com:80/track?type=click&enid=
ZWFzPTEmbXNpZD0xJmF1aWQ9Jm1haWxpbmdpZD0zMzc1ODA2Jm1lc3NhZ2Vp
ZD0yMDEzMDAmZGF0YWJhc2VpZD0zNDE5OTEmc2VyaWFsPTE2ODE1Mjc5JmVt
YWlsaWQ9cmFzaGFkLnNoZWx0b25AbXkudW5kLmVkdSZ1c2VyaWQ9QVFWTDFj
RUFBQUNUQWJnQUVsT3l4ZTgmdGFyZ2V0aWQ9JmZsPSZleHRyYT1NdWx0aXZh
cmlhdGVJZD0mJiY=&&&2001&&&https://oneaccountsettlement.com/mainpage/SubmitYourOnLineClaim.aspx?id=
30298514 >
Whos included in the Class? The Class includes anyone who opened a OneAccount between July 1, 2006 and August 2,
2012 and who incurred a fee related to its use. Higher Ones records show that you are in the Class. If you previously
released Defendants from liability concerning the claims in this case, or if you are a current or former employee, officer, or
director of any of the Defendants, or if you are an immediate family member of the judge handling this case, you are not
eligible to submit a claim.
What are the Settlement Terms? Higher One, on behalf of itself and the other Defendants, has agreed to establish a
Settlement Fund of $15 million that will provide Payments to Class Members who file a Claim, net of any attorneys fees and
expenses and service awards to the Class Representatives. Defendants have also made, or are in the process of making,
certain practice changes that will remain in effect for two years after the Settlement becomes final. The cash payment made to
each Class Member who submits a Claim will be determined by first applying an allocation formula to the net Fees incurred
by the Class Member. The allocation formula weights Non-Higher One ATM Fees and PIN-Based Transaction Fees more
heavily than other OneAccount Fees, but all non-refunded Fees, subject to a certain overall cap for Fees other than Non-
Higher One ATM Fees and PIN Based Transaction Fees, will be included in the allocation calculation. Once this allocation
3:12
formula is applied, the amount of the Payment will be a proportional share of the Settlement Fund, the size of which depends
on the number of Claims received. For a more detailed explanation of the calculation of your Payment, please review
paragraph 54 of the Settlement Agreement, which is available atwww.OneAccountSettlement.com .
<http://smtr.qgemail.com:80/track?type=click&enid=ZWFzPTEmbXNpZD0xJmF1aWQ9Jm1haW
xpbmdpZD0zMzc1ODA2Jm1lc3NhZ2VpZD0yMDEzMDAmZGF0YWJhc2VpZD0zND
E5OTEmc2VyaWFsPTE2ODE1Mjc5JmVtYWlsaWQ9cmFzaGFkLnNoZWx0b25AbX
kudW5kLmVkdSZ1c2VyaWQ9QVFWTDFjRUFBQUNUQWJnQUVsT3l4ZTgmdGFyZ2
V0aWQ9JmZsPSZleHRyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&2002&&&http://www.
OneAccountSettlement.com/ >
What will be decided at the Fairness Hearing? The Court will have a hearing on November 24, 2014 to consider whether to
approve the Settlement, a request for attorneys fees, costs and expenses, as well as service awards for the Class
Representatives. You can appear at the hearing, but you dont have to. You can hire your own attorney at your own expense
to appear or speak for you at the hearing. You can call the toll-free number or visit the settlement website to learn more
about how to exclude yourself from or object to the Settlement.
What are my Legal Rights?
You have three options:
* Remain in the class. If you are a Class Member and you do not exclude yourself from the Class, you will be bound by
the terms of the Settlement and give up your right to sue regarding issues in this case. To obtain a Payment under the
Settlement Agreement, you must submit a Claim, which can be done online by clicking this link to Submit a Claim.
<http://smtr.qgemail.com:80/track?type=click&enid=ZWFzPTEmbXNpZD0xJmF1aWQ9Jm1haW
xpbmdpZD0zMzc1ODA2Jm1lc3NhZ2VpZD0yMDEzMDAmZGF0YWJhc2VpZD0zND
E5OTEmc2VyaWFsPTE2ODE1Mjc5JmVtYWlsaWQ9cmFzaGFkLnNoZWx0b25AbX
kudW5kLmVkdSZ1c2VyaWQ9QVFWTDFjRUFBQUNUQWJnQUVsT3l4ZTgmdGFyZ2
V0aWQ9JmZsPSZleHRyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&2003&&&https://oneaccountsettlement.
com/mainpage/SubmitYourOnLineClaim.aspx?id=30298514 >
* Request to be excluded. The Court will exclude you from the Class only if you mail a request for exclusion to the
Settlement Administrator. The specific details for excluding yourself from the Settlement are in the detailed notice available
atwww.OneAccountSettlement.com <http://smtr.qgemail.com:80/track?type=click&enid=
ZWFzPTEmbXNpZD0xJmF1aWQ9Jm1haWxpbmdpZD0zMzc1ODA2Jm1lc3NhZ2Vp
ZD0yMDEzMDAmZGF0YWJhc2VpZD0zNDE5OTEmc2VyaWFsPTE2ODE1Mjc5JmVt
YWlsaWQ9cmFzaGFkLnNoZWx0b25AbXkudW5kLmVkdSZ1c2VyaWQ9QVFWTDFj
RUFBQUNUQWJnQUVsT3l4ZTgmdGFyZ2V0aWQ9JmZsPSZleHRyYT1NdWx0aXZh
cmlhdGVJZD0mJiY=&&&2004&&&http://www.OneAccountSettlement.com >. Requests must be received by September
16, 2014. If you do not exclude yourself, you will release claims that were or could have been made against Defendants.
* Object to the Settlement, the Attorneys Fees and Expenses, or the Class Representatives Service Awards. If you do
not exclude yourself from the Class, you may object to it by yourself or through an attorney that you hire at your own
expense. The specific details for filing an objection are in the detailed notice available at www.OneAccountSettlement.
com <http://smtr.qgemail.com:80/track?type=click&enid=ZWFzPTEmbXNpZD0xJmF1aWQ9Jm1haW
xpbmdpZD0zMzc1ODA2Jm1lc3NhZ2VpZD0yMDEzMDAmZGF0YWJhc2VpZD0zND
E5OTEmc2VyaWFsPTE2ODE1Mjc5JmVtYWlsaWQ9cmFzaGFkLnNoZWx0b25AbX
kudW5kLmVkdSZ1c2VyaWQ9QVFWTDFjRUFBQUNUQWJnQUVsT3l4ZTgmdGFyZ2
V0aWQ9JmZsPSZleHRyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&2005&&&http://www.
OneAccountSettlement.com >. Any objection must be postmarked by September 16, 2014. You will be bound by the terms
of the settlement if your objection is rejected.
How Do I Get More Information?
If you have questions or want to review a detailed notice or other documents about this lawsuit and your rights,
visitwww.OneAccountSettlement.com <http://smtr.qgemail.com:80/track?type=click&enid=
ZWFzPTEmbXNpZD0xJmF1aWQ9Jm1haWxpbmdpZD0zMzc1ODA2Jm1lc3NhZ2Vp
ZD0yMDEzMDAmZGF0YWJhc2VpZD0zNDE5OTEmc2VyaWFsPTE2ODE1Mjc5JmVt
YWlsaWQ9cmFzaGFkLnNoZWx0b25AbXkudW5kLmVkdSZ1c2VyaWQ9QVFWTDFj
RUFBQUNUQWJnQUVsT3l4ZTgmdGFyZ2V0aWQ9JmZsPSZleHRyYT1NdWx0aXZh
cmlhdGVJZD0mJiY=&&&2006&&&http://www.OneAccountSettlement.com > You may also contact the Settlement
Administrator by writing to Higher One OneAccount Settlement P.O. Box 1631, Faribault MN 55021-1631, or by calling1-
877-310-4642. Please do not contact the Court or Defendants with questions regarding this lawsuit.
By Order of the Honorable Vanessa Bryant, United States District Court Judge.
16873/38/3010609.2
________________________________
This includes the basic OneAccount, OneAccount Premier, OneAccount Flex and OneAccount Edge.