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South Central Bank Overdraft Settlement 2026 — $2.8M Auto Payment No Proof Required

South Central Bank Overdraft Settlement 2026 — $2.8M Auto Payment

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TBD
Filing Deadline
No
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South Central Bank has agreed to a $2.8 million class action settlement to resolve claims about overdraft fees charged to customers between 2009 and 2025. The lawsuit alleged that the bank improperly charged customers APSN (Automated Payment Settlement Network) fees and Retry NSF (Non-Sufficient Funds) fees. What makes this settlement unique is that eligible customers don't need to file a claim form. Instead, South Central Bank will automatically distribute payments to qualifying customers based on their account records. The bank will determine eligibility and payment amounts using their internal systems.

Who Is Eligible?

You may be eligible to file a claim if you:

  • You were a South Central Bank customer between 2009 and 2025
  • You were charged APSN (Automated Payment Settlement Network) fees during this period
  • You were charged Retry NSF (Non-Sufficient Funds) fees during this period
  • Your account records show these specific fee types in the bank's system

How Much Can You Get?

The total settlement fund is $2.8 million, which will be automatically distributed among eligible customers. Since South Central Bank will determine payments based on their internal records, individual payout amounts will vary depending on how many APSN and Retry NSF fees you were charged during the 2009-2025 period. The bank has not disclosed specific per-customer payment amounts, as these will be calculated based on each person's fee history and the total number of eligible class members.

How to File Your Claim

Filing your claim is quick and easy:

  • No action is required if you're eligible - this is an automatic payment settlement
  • South Central Bank will review their records to identify qualifying customers
  • Eligible customers will receive automatic payments based on fees charged
  • Monitor your account or mailing address for settlement communications
  • Download Class Action Buddy to track this and other settlements 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 South Central Bank overdraft settlement?

No, this is an automatic payment settlement. South Central Bank will identify eligible customers from their records and distribute payments automatically. No claim form is required.

What are APSN and Retry NSF fees?

APSN (Automated Payment Settlement Network) fees and Retry NSF (Non-Sufficient Funds) fees are types of overdraft charges that South Central Bank allegedly charged customers improperly between 2009 and 2025.

How will I know if I receive a settlement payment?

South Central Bank will contact eligible customers through their last known address or account information. Keep your contact information updated with the bank and watch for settlement communications.

Ready to File Your Claim?

We're adding new settlements regularly. Download the app to get notified when this one is available.

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