Class-action settlement: Deadline for CenterState Bank customers to file claims in $2.65 million settlement is today

Monday is the final day for customers of CenterState Bank to file an exclusion or objection regarding a $2.65 million class-action settlement with the bank.

The financial institution, which is now known as SouthState Bank, was accused of charging illegal overdraft fees to customers, which prompted a lawsuit against them. The bank has not admitted to any wrongdoing that was alleged but agreed to the settlement to resolve the class-action lawsuit. If affected customers want to object to or exclude themselves from this settlement, they must submit a filing by Monday.

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Customers affected by the settlement include those who had a checking account with the bank and were charged certain types of overdraft fees on debit transactions from April 6, 2015, to May 31, 2020. People who were charged fees for insufficient funds or overdrafts on automated clearing house debits or checks between Aug. 18, 2015, and Aug. 21, 2020, also qualify for this class-action settlement.

Affected CenterState Bank customers who are eligible for the settlement will automatically get a prorated share of the net settlement, determined by how much they were charged in illegal fees, and customers can receive either a cash payment, account credit, or forgiveness of uncollected fees. They have until the end of the day to opt out of this automatic settlement.

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An approval hearing for the settlement is scheduled for Nov. 30, after the deadline to file an exclusion or objection to the settlement on Oct. 23.

Monday is also the deadline for customers of DreamCloud mattresses to file a claim in a settlement with the company over false advertising claims.