Equity Bank Overdraft and NSF Fee Class Action Settlement
Equity Bank · Bank deposit accounts and overdraft and non-sufficient funds fee practices · Settlement Reached
About this case
The lawsuit alleges that Equity Bank improperly charged certain overdraft and non-sufficient funds fees, including fees on qualifying debit card transactions, repeat presentments of the same item, and days when accounts were not overdrawn, during January 1, 2017 through November 21, 2025. Equity Bank agreed to a $1 million settlement and to forgive $225,000 in uncollected fees while denying wrongdoing; final court approval was expected on June 29, 2026.
Case overview
- Defendant company
- Equity Bank
- Product or service
- Bank deposit accounts and overdraft and non-sufficient funds fee practices
- Court case number
- 2216-CV02011
- Case status
- Settlement Reached
- Lawsuit type
- Consumer
- Reported harm
- Billing Fees
Participation information
Availability is based on each listed participation option and its deadline.
Automatic settlement distribution
The article states that affected account holders do not need to file a claim and will receive a pro rata distribution based on alleged improper fees paid, after deductions for fees, expenses, notice, and administration.
No claim filing is required according to the article.
- Type
- Settlement Claim
- Status
- No action required
- Total settlement amount
- $1,000,000
- Payout
- Pro rata distribution based on the amount of alleged improper fees paid, less specified fees, expenses, notice, and administration costs.
- Reported proof requirement
- No
This information does not determine whether you qualify for a case.
Sources
Public reporting associated with this case.
- Equity Bank Overdraft and NSF Fee Class Action Settlement
The Daily Hodl ·