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Current and former Georgia residents who paid an overdraft fee to SunTrust Bank after an ATM or debit card transaction between July 12, 2006 and April 15, 2014, and did not receive a refund of that fee may be eligible for a cash payment from a class action settlement. The settlement class includes over 463,000 current SunTrust bank account holders.
According to the settlement agreement, an overdraft fee is any fee or charge paid in relation to an account overdraft, such as an overdraft fee, insufficient funds fee, NSF fee or extended overdraft fee.
After several years of litigation, SunTrust Bank, now operating as Truist Bank, agreed to pay $240 million to settle a class action lawsuit alleging certain overdraft fees violated Georgia’s usury laws and constituted conversion and money had and received. The plaintiffs originally filed the class action in July 2010. The court certified it in October 2017 and granted preliminary approval on Jan. 23, 2026. The court granted final approval of the settlement on May 26, 2026.
Who can file a claim for an overdraft fee payout?
Class members must meet the following criteria:
- They had or have one or more accounts with SunTrust Bank that they did not close before June 1, 2010.
- Between July 12, 2006, and April 15, 2014, they had at least one overdraft of $500 or less resulting from an ATM or debit card transaction.
- They paid overdraft fees as a result of the transaction and did not receive a refund of those fees.
- They were a Georgia citizen on July 12, 2010, and remained a Georgia citizen continuously through Oct. 6, 2017.
Class members with multiple eligible accounts can submit a claim for each account. Joint account holders can each submit a claim, but the settlement administrator will split the payment equally between each person.
How much will the settlement payment be?
Pro rata cash payment: Class members can submit a claim to receive a partial refund of overdraft fees paid plus interest. The final payment amount will be determined by:
- The total amount of unrefunded overdraft fees for each eligible account
- 7% simple interest per year calculated from the date the account achieved a positive balance until Dec. 31, 2025
- The number of valid claims submitted and the total amount of all claims
How to claim a class action rebate
To receive a settlement payment, class members can file a claim online for each eligible account or complete the claim included with the settlement notice and mail it to the settlement administrator.
Settlement administrator's mailing address: SunTrust Overdraft Class Action, Settlement Administrator, P.O. Box 2873, Portland, OR 97208-2873
The claim deadline is Sept. 14, 2026.
Required proof and claim information
The Unique ID and pin from the settlement notice are required to submit a claim online.
Payout options
- Zelle
- Paper check mailed to the address provided
$240 million overdraft fee settlement fund
The $240,000,000 settlement fund will include:
- Settlement administration costs: Estimated at $1,000,000 or more
- Attorneys' fees: $80,000,000
- Attorneys' expenses: Up to $3,000,000
- Service award to class representative: $200,000
- Payments to approved claimants: Remaining settlement funds
If the total of all valid claims is less than the net settlement fund, the remaining funds will revert to SunTrust.
Important dates
- Deadline to opt out: April 20, 2026
- Final approval granted: May 26, 2026
- Deadline to file a claim: Sept. 14, 2026
Why did this class action settlement happen?
The class action lawsuit alleged that SunTrust Bank charged overdraft fees on certain ATM and debit card transactions that amounted to unlawful interest under Georgia’s usury laws.
SunTrust denied the allegations but agreed to settle to avoid the cost and uncertainty of further litigation and a possible trial.
What happens next?
The court will hold a fairness and final approval hearing on May 26, 2026, to decide whether to grant final approval to the settlement. Once the court approves the settlement and resolves any appeals, the settlement administrator will send claim forms to eligible class members and add them to the settlement website.
The settlement administrator will issue payments after it completes claim processing. Class members should monitor their mail and email for their claim form and update their contact information with the settlement administrator if needed.
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