CenterState Bank customers have five days left to file a claim in the $2.65 million class-action settlement.
Customers of CenterState Bank have five days to file a claim and receive part of a $2.65 million class-action settlement with the financial institution.
Allegations that the bank had been charging illegal overdraft fees to customers prompted the settlement with the financial institution. The bank, now called SouthState Bank, has not admitted to any wrongdoing that was alleged but agreed to the settlement to resolve the lawsuit.
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Those seeking to be part of the settlement must have had a checking account with the bank and have been charged certain types of overdraft fees on debit transactions from April 6, 2015, to May 31, 2020. Those who were charged fees for insufficient funds or overdraft on automated clearing house debits or checks between Aug. 18, 2015, and Aug. 21, 2020, also qualify for the class-action settlement.
Those who qualify for the settlement will get a prorated share of the net settlement, determined by how much they were charged in illegal fees, and filers can receive either a cash payment, account credit, or forgiveness of uncollected fees.
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The deadline to file for exclusion or objection to the settlement is Oct. 23, with an approval hearing for the settlement scheduled for Nov. 30.
Another class-action settlement with a deadline is one involving A&W Concentrate and Keurig Dr Pepper over allegations of misleading advertising. The deadline for that $15 million class-action settlement is Oct. 18.
What is the deadline for eligible customers of CenterState Bank to file a claim and participate in the class-action settlement?
Customers of CenterState Bank, now known as SouthState Bank, have the opportunity to file a claim and receive a portion of a $2.65 million class-action settlement with the financial institution. The settlement comes as a result of allegations that the bank had been charging illegal overdraft fees to its customers. While the bank has not admitted any wrongdoing, it has agreed to the settlement in order to resolve the lawsuit.
To be eligible for the settlement, individuals must have had a checking account with CenterState Bank and have been charged specific types of overdraft fees on debit transactions between April 6, 2015, and May 31, 2020. Customers who were charged fees for insufficient funds or overdraft on automated clearing house debits or checks between August 18, 2015, and August 21, 2020, also qualify for the class-action settlement.
Those who meet the criteria for the settlement will receive a prorated share of the net settlement, which will be determined by the amount of illegal fees they were charged. Filers will have the option to receive a cash payment, account credit, or forgiveness of uncollected fees.
It is important for eligible customers to be aware that the deadline to file for exclusion or objection to the settlement is October 23. An approval hearing for the settlement is scheduled for November 30.
In addition to the CenterState Bank class-action settlement, there is another deadline approaching for a separate class-action settlement. A&W Concentrate and Keurig Dr Pepper are facing allegations of misleading advertising, and customers have until October 18 to participate in the $15 million settlement.
In conclusion, customers of CenterState Bank have a limited time frame to file a claim and potentially receive compensation as part of a class-action settlement. While the bank denies any wrongdoing, it has chosen to settle the lawsuit to bring the matter to a resolution. It is essential for eligible customers to take action before the deadline in order to be included in the settlement. Additionally, individuals should be aware of other ongoing settlements, such as the A&W Concentrate and Keurig Dr Pepper case, which also has a looming deadline.
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