Up To $240M SunTrust Bank Settlement Ends Overdraft Fees Class Action Lawsuit

Up To $240M SunTrust Bank Settlement Ends Overdraft Fees Class Action Lawsuit

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SunTrust Bank reached a settlement of up to $240 million to resolve a class action lawsuit alleging that the bank improperly charged overdraft fees to its customers. The lawsuit claimed that SunTrust manipulated the order in which transactions were processed — a practice that critics say was designed to maximize the number of overdraft fees charged to accountholders. If you had a SunTrust Bank checking account in Georgia and were hit with overdraft fees, you may be entitled to a cash payment from this settlement. This is one of the larger bank overdraft fee settlements in recent years, so eligible customers could see a meaningful payout depending on how many fees they were charged. The good news is that filing a claim doesn't require a lawyer, and Class Action Buddy can walk you through the process step by step so you don't miss out on money that may be owed to you.
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Who Is Eligible?

You may be eligible to file a claim if you:

  • You held a SunTrust Bank checking account in Georgia during the relevant time period covered by the lawsuit
  • You were charged one or more overdraft fees on your SunTrust account
  • Your account was subject to SunTrust's transaction reordering practices that allegedly inflated overdraft fee charges
  • You have not previously opted out of or settled claims related to SunTrust overdraft fees

How Much Can You Get?

The total settlement fund is valued at up to $240 million, which is a significant pool of money set aside for eligible Georgia SunTrust accountholders. The exact amount each person receives will depend on factors like how many overdraft fees they were charged and how many valid claims are submitted overall — the more claimants who file, the smaller each individual share may be. Specific per-person payout amounts have not been publicly confirmed, so the final number could vary widely. That said, customers who were frequently hit with overdraft fees stand to receive the most. It's worth filing a claim to find out what you're owed — even a modest payout is money back in your pocket.

How to File Your Claim

Filing your claim is quick and easy:

  • Confirm you had a SunTrust Bank checking account in Georgia and were charged overdraft fees during the covered period
  • Gather any relevant bank statements or records showing overdraft fees charged to your account (helpful but may not be required)
  • Visit the official settlement website or claims administrator's page to access the claim form
  • Complete the claim form with your account information and details about the overdraft fees you were charged
  • Submit your claim before the official deadline to ensure you don't miss out
  • Download the Class Action Buddy app to track your claim status, get deadline reminders, and discover other settlements you may qualify for

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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

How do I file a claim for the Up To $240M SunTrust Bank Settlement Ends Overdraft Fees Class Action Lawsuit?

You have two options: (1) Use the free Class Action Buddy mobile app — set up your profile once and the app auto-fills the PDF claim form, captures your signature, and submits the claim by mail on your behalf. (2) File directly with the settlement administrator using the official claim form linked on this page.

Who qualifies for the SunTrust Bank overdraft fee settlement?

Georgia residents who held a SunTrust Bank checking account and were charged overdraft fees during the period covered by the lawsuit are the primary eligible group. The lawsuit focused on SunTrust's practice of reordering transactions in a way that allegedly caused customers to incur more overdraft fees than they should have.

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

The total settlement is worth up to $240 million, but individual payouts will depend on how many fees you were charged and how many people file valid claims. Specific per-person amounts have not been announced yet. Customers who were charged overdraft fees multiple times may receive more than those with just one or two charges.

Do I need proof to file a SunTrust overdraft fee claim?

It's a good idea to have bank statements or records that show you were charged overdraft fees by SunTrust, as this can support your claim. The exact proof requirements will be outlined on the official claim form. Class Action Buddy can help guide you through what documentation you may need.

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