SouthState Bank to Pay $2.65 Million for Illegal Overdraft Fees

SouthState Bank to Pay $2.65 Million for Illegal Overdraft Fees

CenterState Bank, now known as SouthState Bank, has agreed to pay $2.65 million to settle a class action lawsuit alleging that the bank illegally charged overdraft fees to its customers.

The lawsuit alleges that the bank charged overdraft fees to customers even when they had enough money to cover the transactions. The bank also allegedly charged overdraft fees multiple times for the same transaction.

The bank has denied any wrongdoing, but it has agreed to settle the lawsuit to avoid litigation costs.

Who is Eligible for a Payment?

To qualify for a payment, you must have been charged an overdraft fee at CenterState Bank between April 6, 2015, and May 31, 2020. You may also be eligible for a payment if you were charged a fee for insufficient funds between August 18, 2015, and August 21, 2020.

How Much Will I Get?

The amount you will receive will depend on how many overdraft fees you were charged. The average payment is expected to be around $20.

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How Do I Claim My Payment?

You do not need to do anything to claim your payment. The bank will automatically distribute payments to eligible customers.

What if I Have Questions?

If you have any questions about the settlement, you can visit the settlement website at https://topclassactions.com/lawsuit-settlements/closed-settlements/centerstate-bank-fees-2-65m-class-action-settlement/

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