SunTrust Bank (now Truist) has agreed to pay $240 million to settle a class action lawsuit alleging the bank illegally charged overdraft fees on ATM and debit card transactions. Eligible Georgia customers could receive up to $1,000 depending on their overdraft history.
Opt-Out Deadline: April 20, 2026 | Final Approval Hearing: May 26, 2026
Claim forms will be mailed or emailed to eligible Settlement Class Members after final court approval (hearing: May 26, 2026).
What Is This Settlement About?
The class action alleged that SunTrust Bank charged overdraft fees on ATM and debit card transactions in violation of federal regulations. Under Regulation E, banks must obtain a customer’s affirmative consent before charging overdraft fees on these types of transactions. The lawsuit claimed SunTrust either failed to obtain proper consent or used misleading opt-in practices.
This case has been litigated for over 15 years, making it one of the longest-running overdraft fee class actions in the country. Truist Financial Corporation, which was formed from the merger of SunTrust and BB&T in 2019, took an earnings hit to fund the settlement.
Who Is Eligible?
You may qualify if you:
- Were a Georgia citizen with a SunTrust bank account
- Had an account that was not closed before June 1, 2010
- Were charged at least one overdraft fee of $500 or less on an ATM or debit card transaction between July 12, 2006 and April 15, 2014
How Much Can You Receive?
Individual payouts are estimated at $5 to $1,000 depending on how many qualifying overdraft fees you were charged during the class period. The more fees you paid, the higher your share of the settlement fund.
Important Dates
- Opt-Out/Objection Deadline: April 20, 2026
- Final Approval Hearing: May 26, 2026
- Claim Deadline: Expected August 2026 (after final approval)
How to File a Claim
Claim Forms are not yet available. The Settlement Administrator will mail or email a Claim Form to eligible Settlement Class Members after the Court grants final approval at the May 26, 2026 hearing. To check eligibility, update your contact information, or read the official notice, visit the official settlement website:
Related Overdraft and Bank Fee Cases on OpenClassActions
- $240M SunTrust Bank Overdraft Fees Settlement — File a Claim Now
- Fifth Third Bank Charged Overdraft Fees on Transactions Covered at Authorization
- Limestone Bank $1.11 Million Wrongful Overdraft Fee Settlement
- Woodforest National Bank Targeted Low-Income Customers With Overdraft Scheme
- Regions Bank Used High-to-Low Transaction Ordering to Maximize Overdrafts
By Felix Levine | Published: April 13, 2026
Filing Class Action Settlement Claims
Please submit only truthful information. False claims can be rejected and may carry penalties. If you are unsure whether you qualify, review the official notice or contact the settlement administrator. OpenClassActions.org is a consumer news site and is not a settlement administrator or a law firm.