$240M SunTrust overdraft fees class action settlement

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SunTrust Bank (now Truist) customers may be eligible for compensation from a $240 million class action settlement over overdraft fees. The lawsuit alleged that SunTrust charged illegal overdraft fees on ATM and debit card transactions, violating federal regulations and causing financial harm to customers. If you were a SunTrust customer who was charged overdraft fees on your ATM withdrawals or debit card purchases, you could be entitled to money from this significant settlement. The case specifically focuses on overdraft fees that were allegedly charged improperly on these types of transactions.

Who Is Eligible?

You may be eligible to file a claim if you:

  • You were a SunTrust Bank customer (now known as Truist)
  • You were charged overdraft fees on ATM transactions
  • You were charged overdraft fees on debit card transactions
  • You are a Georgia consumer (though eligibility may extend to other states where SunTrust operated)
  • The overdraft fees were charged during the relevant time period covered by the settlement

How Much Can You Get?

The total settlement fund is $240 million, which will be distributed among eligible class members who submit valid claims. The exact amount each person receives will depend on factors such as how many overdraft fees they were charged and how many people file claims. Your individual payout amount will be calculated based on the specific overdraft fees you paid on qualifying ATM and debit card transactions. Those who were charged more fees may receive larger settlement payments.

How to File Your Claim

Filing your claim is quick and easy:

  • Gather your SunTrust bank statements showing overdraft fees on ATM or debit card transactions
  • Review the settlement details to confirm your eligibility
  • Complete the required claim form with accurate information about your overdraft fees
  • Submit any requested documentation to support your claim
  • Download the Class Action Buddy app to help you file your claim quickly and easily

Frequently Asked Questions

What types of overdraft fees are covered in the SunTrust settlement?

The settlement covers overdraft fees that were charged on ATM withdrawals and debit card transactions. These are the specific types of fees that were alleged to be charged illegally by SunTrust Bank.

Do I need to be a current SunTrust customer to qualify?

No, you don't need to be a current customer. If you were a SunTrust customer when you were charged the overdraft fees covered by this settlement, you may be eligible even if you've since closed your account or switched banks.

How much money can I get from the SunTrust overdraft settlement?

The total settlement is $240 million, but individual payouts will vary based on how many overdraft fees you were charged and how many people file claims. Your specific amount will be calculated based on your qualifying overdraft fees.

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