Customers of CenterState Bank have five days to file a claim and receive part of a $2.65 million class-action settlement with the financial institution.
Allegations that the bank had been charging illegal overdraft fees to customers prompted the settlement with the financial institution. The bank, now called SouthState Bank, has not admitted to any wrongdoing that was alleged but agreed to the settlement to resolve the lawsuit.
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Those seeking to be part of the settlement must have had a checking account with the bank and have been charged certain types of overdraft fees on debit transactions from April 6, 2015, to May 31, 2020. Those who were charged fees for insufficient funds or overdraft on automated clearing house debits or checks between Aug. 18, 2015, and Aug. 21, 2020, also qualify for the class-action settlement.
Those who qualify for the settlement will get a prorated share of the net settlement, determined by how much they were charged in illegal fees, and filers can receive either a cash payment, account credit, or forgiveness of uncollected fees.
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The deadline to file for exclusion or objection to the settlement is Oct. 23, with an approval hearing for the settlement scheduled for Nov. 30.
Another class-action settlement with a deadline is one involving A&W Concentrate and Keurig Dr Pepper over allegations of misleading advertising. The deadline for that $15 million class-action settlement is Oct. 18.
