Up To $240M SunTrust Bank Settlement Ends Overdraft Fees Class Action Lawsuit

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SunTrust Bank has agreed to an up to $240,000,000 settlement to resolve a class action lawsuit that alleged the financial institution charged Georgia residents unlawful overdraft fees that constituted interest, in violation of state usury laws.

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The up to $240 million SunTrust Bank class action settlement received preliminary approval from the court on January 23, 2026. The deal covers anyone who was a Georgia citizen on July 12, 2010 and has continuously remained, through October 6, 2017, a citizen of Georgia who had or has one or more accounts with SunTrust Bank and who, from July 12, 2006 to October 6, 2017:

• -Had at least one overdraft of $500 or less resulting from an ATM or debit card transaction;
• -Paid any overdraft fees as a result of the transaction; and
• -Did not receive a refund of those fees.

The court-approved website for the SunTrust Bank class action settlement can be found at SunTrustOverdraftClassAction.com.

SunTrust settlement class members who submit a timely, valid claim form can receive a pro rata cash payment, with no proof required.

To submit a SunTrust Bank settlement claim form online, class members can head to this page and enter the unique ID and PIN found on their copy of the settlement notice. 

All SunTrust Bank claim forms must be submitted online or postmarked by September 14, 2026.

The court granted final approval to the SunTrust Bank settlement on May 26, 2026.

The SunTrust Bank class action lawsuit alleged that the financial institution improperly charged overdraft fees on ATM or debit card transactions that essentially constituted interest, in violation of Georgia’s usury laws. 

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