Class-action settlement: Deadline for CenterState Bank users to file claim in $2.65 million settlement in 19 days

The deadline for CenterState Bank customers to file a claim and receive a portion of a nearly $2.7 million class-action settlement with the bank is in 19 days. The settlement comes after allegations that the bank charged customers illegal overdraft fees.

The $2.65 million settlement will benefit customers who had a checking account with the CenterState Bank and were charged certain overdraft fees on debit transactions between April 6, 2015, and May 31, 2020. Those charged insufficient funds or overdraft fees on automated clearing house debits or checks between Aug. 18, 2015, and Aug. 21, 2020, are also eligible.

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Eligible recipients of the settlement will receive a prorated share of the net settlement fund based on the amount they were charged in illegal bank fees. Class members can receive a cash payment, account credit, or forgiveness of uncollected fees, depending on their situation.

CenterState Bank, now known as SouthState Bank, is a financial institution with over 240 branches and ATMs across Alabama, Florida, Georgia, North Carolina, South Carolina, and Virginia. The bank ranked among Forbes’s top 50 best banks in America.

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The bank has not admitted wrongdoing but agreed to the settlement to resolve the class-action lawsuit.

The deadline for exclusion and objection is Oct. 23. The approval hearing for the settlement is scheduled for Nov. 30.