You can generally recover a pro-rata share of the qualifying overdraft fees you paid, not a full refund. People who paid more qualifying fees receive more, while headline settlement funds overstate what any one person receives. An overdraft fee lawsuit settlement is a fund that repays part of contested checking-account overdraft charges to eligible account holders. Your payment depends on your fee history during the class period and on how many people share the fund.
Official resources:
- Register through Consumerfinance’s official page — Use this page to review requirements and register directly.
- Read the official guidance from Consumerfinance — Use this primary source to verify the official guidance.
Table of Contents
- How your payment is calculated
- What recent cases actually paid
- Why the headline number is not your check
- What decides whether you get paid
How your payment is calculated
Your share is tied to the number and dollar amount of qualifying fees you paid. The fund is divided pro rata, so a customer with several qualifying charges receives more than a customer with one.
This formula also means your account statements matter. As the settlement administrator explains in the Burns v. TD Bank FAQ, fee history during the class period and meeting opt-out or claim deadlines determine recovery.
What recent cases actually paid
Large cases show the gap between total funds and consumer payouts. TD Bank agreed to pay $32.225 million for personal checking holders charged at least one authorize-positive/settle-negative fee from June 27, 2019 to Sept. 30, 2022, with payments mailed or credited in March 2025.
SunTrust Bank, now Truist, agreed to pay up to $240 million for ATM and debit overdraft fees. About $84.2 million was estimated for attorneys' fees, expenses, administration and an incentive award, leaving about $155.8 million for eligible Georgia accountholders, according to Daily Hodl's breakdown of the SunTrust settlement. Government enforcement used the same pattern of large totals and broad refunds. The CFPB ordered Regions Bank to provide at least $141 million in refunds plus a $50 million penalty for surprise fees charged from August 2018 to July 2021, according to the CFPB's Regions Bank order.
Why the headline number is not your check
Headline funds include payments to many people plus legal and administration costs. The amount left for account holders is smaller, then split among thousands or millions of claims.
Fee type also limits eligibility. Only charges that match the settlement definition count, such as authorize-positive/settle-negative fees or specified ATM and debit fees. Other fees, charges outside the dates, or accounts closed in a way excluded by the terms do not raise your share.
What decides whether you get paid
Eligibility turns on records and deadlines. Keep proof of fees during the listed period and act before the stated cutoff.
TD class members who did not opt out were paid automatically. In other cases, missing the claim form means missing the payment even with qualifying fees.
- Confirm you held a covered account during the class dates
- Count qualifying overdraft charges on statements from that period
- Meet the opt-out or claim deadline stated in the notice
- Update your mailing address and watch for a check or account credit
- In automatic-payment cases, cash or hold the payment before it expires