SunTrust Bank Agrees to Pay $240 Million to Settle Overdraft Fee Lawsuit

What Happened?

SunTrust Bank, which is now called Truist Bank, has agreed to pay $240 million to settle a lawsuit. The lawsuit claimed that the bank charged customers unfair overdraft fees on ATM and debit card purchases.

These fees affected customers in Georgia.
 

What Was the Problem?

According to the lawsuit, SunTrust Bank charged overdraft fees that broke Georgia's laws about how much interest a lender can charge.

When customers spent more money than they had in their accounts using their debit cards or ATMs, the bank charged fees that were higher than what the law allows.

SunTrust Bank has not admitted that it did anything wrong, but it agreed to pay $240 million to end the lawsuit.
 

Who Can Get Money From This Settlement?

You may be able to receive money if you meet ALL of these conditions:
 

• You are a Georgia resident
• You had an account with SunTrust Bank that was still open after June 1, 2010
• Between July 12, 2006, and April 15, 2014, you had at least one overdraft of $500 or less from an ATM or debit card purchase
• You paid overdraft fees because of that transaction
• You never received a refund for those fees

 

How Much Money Could You Get?

Payments will depend on how much you paid in overdraft fees. Most people who qualify can expect to receive somewhere between $5 and $1,000.

If you shared a joint account with someone else, the payment may be split between the account owners.
 

Important Dates to Remember

 

• April 20, 2026 – Last day to opt out of or object to the settlement
• May 26, 2026 – Court hearing to approve the settlement
• August 2026 (estimated) – Deadline to submit your claim form

 

How to File a Claim

To get your payment, you must fill out and submit a claim form before the deadline.

Contact Information:
 

• Mail: SunTrust Overdraft Class Action Settlement Administrator, P.O. Box 2873, Portland, OR 97208-2873
• Email: [email protected]
• Phone: 877-239-8765

 

About the Lawsuit

This case is called Bickerstaff v. SunTrust Bank, Case No. 10EV010485, and it was filed in the Georgia State Court of Fulton County.

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