$1M Equity Bank overdraft fees class action settlement
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Proof Required?
Equity Bank has reached a $1 million class action settlement over overdraft and nonsufficient funds (NSF) fees charged to customers. The settlement resolves claims that the bank improperly charged these fees to account holders.
If you're an eligible Equity Bank customer, you may automatically receive cash payments or fee forgiveness without having to file a claim form. This settlement provides compensation for customers who were charged overdraft or NSF fees during the covered time period.
Who Is Eligible?
You may be eligible to file a claim if you:
- You had an Equity Bank checking or savings account during the settlement period
- You were charged overdraft fees or nonsufficient funds (NSF) fees by Equity Bank
- The specific dates and account types covered are still being finalized
- Both current and former Equity Bank customers may be eligible
How Much Can You Get?
The total settlement fund is $1 million, which will be distributed among eligible Equity Bank customers. Payment amounts will depend on how many people qualify and the total fees you were charged during the settlement period.
Eligible customers may receive either cash payments or fee forgiveness applied to their accounts. The exact payment structure and individual amounts are still being determined by the court.
How to File Your Claim
Filing your claim is quick and easy:
- Check if you received overdraft or NSF fees from Equity Bank during the settlement period
- Look for official notice from the bank or settlement administrator
- Payments may be automatic - no claim form may be required
- Keep records of your Equity Bank statements showing any fees charged
- Download the Class Action Buddy app to stay updated on this settlement and find other claims you may be eligible for
💡 Easier way: File with Class Action Buddy
Skip the paperwork. Our app auto-fills your claim form with your saved profile and submits it electronically in under 2 minutes.
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Frequently Asked Questions
Do I need to file a claim for the Equity Bank overdraft settlement?
Based on current information, eligible customers may receive automatic payments or fee forgiveness without filing a claim form. However, stay tuned for official settlement notices with complete details.
How much money can I get from the Equity Bank settlement?
Individual payment amounts haven't been announced yet. The $1 million total will be divided among eligible customers based on the fees they were charged and how many people qualify for the settlement.
What overdraft fees does the Equity Bank settlement cover?
The settlement covers overdraft fees and nonsufficient funds (NSF) fees charged by Equity Bank. Specific details about the time period and fee types covered are still being finalized.
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