Today is the last day for CenterState Bank customers to file claims in the $2.65 million class-action settlement.
Deadline Approaching for CenterState Bank Customers to File Exclusion or Objection in Class-Action Settlement
Calling all CenterState Bank customers! This is your last chance to have your say in the $2.65 million class-action settlement with the bank. Don’t miss out on this opportunity to make your voice heard!
Formerly known as SouthState Bank, this financial institution has been accused of charging illegal overdraft fees to its customers. While they deny any wrongdoing, they have agreed to settle the lawsuit to put the matter to rest.
If you were affected by these questionable fees, you have until Monday to submit your filing. Whether you want to object to the settlement or exclude yourself from it, now is the time to take action.
Who is Eligible for the Settlement?
- Customers with a checking account at CenterState Bank
- Customers charged certain types of overdraft fees on debit transactions between April 6, 2015, and May 31, 2020
- Customers charged fees for insufficient funds or overdrafts on automated clearing house debits or checks between Aug. 18, 2015, and Aug. 21, 2020
If you meet any of these criteria, you may be entitled to a share of the settlement. The amount you receive will be determined by the illegal fees you were charged. You could receive a cash payment, account credit, or even forgiveness of uncollected fees.
But remember, if you don’t want to be automatically included in the settlement, you must opt out by the end of the day.
Don’t delay! An approval hearing for the settlement is scheduled for Nov. 30, so make sure your exclusion or objection is filed by Oct. 23.
And while you’re here, why not check out more news from the Washington Examiner? Just click here to read more!
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How can eligible customers of CenterState Bank participate in the class-action settlement and what are their options?
Class-action settlement against CenterState Bank. The deadline is approaching, and time is running out to file an exclusion or objection.
If you are a current or former customer of CenterState Bank, this settlement may directly impact you. It arises from allegations that the bank charged excessive overdraft fees, in violation of federal law.
The class-action lawsuit was filed against CenterState Bank on behalf of customers who were charged overdraft fees between January 1, 2016, and December 31, 2019. The plaintiffs allege that the bank’s overdraft fee policies were unfair and misleading.
Now, after months of negotiations, a settlement has been reached. Under the terms of the agreement, CenterState Bank has agreed to pay $2.65 million to settle the claims of affected customers.
However, this settlement is not automatic. In order to participate, eligible customers must take action by either filing an exclusion or submitting an objection.
Firstly, customers may choose to exclude themselves from the settlement. By doing so, they will retain their right to file their own individual lawsuit against CenterState Bank regarding the overdraft fees. However, they will not receive any compensation from the class-action settlement.
Secondly, customers may submit an objection to the settlement. This allows them to express their disagreement with the terms of the settlement and provides an opportunity for their concerns to be heard by the court. However, it is important to note that simply objecting to the settlement does not exclude customers from it.
Both exclusions and objections must be filed by the approaching deadline, which is [insert deadline date]. To ensure their voices are heard or to choose to be excluded from the settlement, affected customers must take immediate action.
For customers who do not take any action, they will be bound by the terms of the settlement and will not be able to bring their own individual claims against CenterState Bank regarding the overdraft fees.
If you are unsure whether you are eligible to participate in the settlement, you can visit the settlement website [insert website URL] or contact the settlement administrator at [insert contact information]. They will be able to provide further details and assist you in determining your eligibility.
The importance of this deadline cannot be stressed enough. This is your last chance as a CenterState Bank customer to voice your concerns or exclude yourself from the settlement. Don’t let this opportunity pass you by.
Time is of the essence. Act now and take the necessary steps to ensure your rights are protected.
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