Top Class Actions’s website and social media posts use affiliate links. If you make a purchase using such links, we may receive a commission, but it will not result in any additional charges to you. Please review our Affiliate Link Disclosure for more information.
UPDATE: The BancorpSouth Overdraft Class Action Settlement has been terminated and the lawsuit dismissed.
Recent court orders in the BancorpSouth overdraft fee class action lawsuit settlement have delayed the claims filing process. As a result, Class Members that missed the September 13, 2012 deadline to file a claim may have the opportunity to have the deadline extended.
BancorpSouth reached a $1.75 million class action lawsuit settlement earlier this year to resolve allegations it improperly charged overdraft fees to checking customers by resequencing transaction to maximize the number of fees it could charge.
Class Members had until September 13, 2012 to file a claim to receive a refund from the BancorpSouth overdraft class action settlement. However, a new update on the Settlement Administrator’s website shows a recent court order has stalled the process.
According to the Settlement Administrator:
Recently, a court order was entered by another federal court that appears to be the subject of an appeal. Until the order and appeal are resolved, the process of assisting class members in retrieving bank statements is on hold. Additionally, Epiq, as the Claims Administrator, will not be able to assist settlement class members in answering questions or assisting them in the filing of claims at this time. As additional information is received, court appointed Class Counsel, Emerson Poynter LLP, will ensure that additional information is provided here. For these reasons, the time deadlines on the left-hand side of this page may be extended as well.
The alleged appeal is bad news for those Class Members that filed a claim and are awaiting payment, but is good news for those who missed the deadline as they may have another opportunity to file.
Keep checking Top Class Actions for updates on the BancorpSouth Overdraft Fee Class Action Lawsuit Settlement as they unfold.
Special thanks to Top Class Actions reader “Patricia” for alerting us to the settlement update.
Join a Free Bank Overdraft Class Action Lawsuit Investigation
If you have incurred overdraft fees in the last three years from any of the following banks, you may be eligible to participate in a class action lawsuit to recover some or all of your overdraft fees:
- Ally Financial Inc.
- Bank of Hawaii
- Bank of the West
- Capital One Financial Corp.
- Commerce Bank
- Fifth Third Bancorp
- HSBC North America Holdings Inc.
- BOKF NA (includes Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Kansas City, Bank of Oklahoma, Bank of Texas, and Colorado State Bank and Trust).
ATTORNEY ADVERTISING
Top Class Actions is a Proud Member of the American Bar Association
LEGAL INFORMATION IS NOT LEGAL ADVICE
Top Class Actions Legal Statement
©2008 – 2024 Top Class Actions® LLC
Various Trademarks held by their respective owners
This website is not intended for viewing or usage by European Union citizens.
14 thoughts onUpdate: BancorpSouth Overdraft Fee Settlement Delayed
Who can we contact about our rights and the fact we were not notified of this action until after the fact?
I like all of you was duked. I received a letter telling me I did not qualify for this payment in which they took the highest to the lowest that created an overdraft in the first place on my account. Bookkeeping is recorded on that date, if you try this in your own business you’ll go to jail for stealing. This is the same as stealing. This is why direct deposit came along people had a choice of a check or banks. Banks gave away gifts for your business not any more they know you don’t have much of a choice. A theft comes in may forms
Would someone please explain how all other banks have been caught doing exactly what BCS was doing, they are having to pay why and how did BCS get their action dismissed? Why were we as class action participants not notified and given the option to fight the dismissal. I failed a claim timely and had to read on the internet that it was dismissed what happen to our rights? Can any other action be filed against BCS this is not fair we should have had rights too! But as usual we are the little people and the bank has the power? Please someone explain how and why this claim was dismissed???
Once again they bought a judge to dismiss it after it was already awarded. so we get notta… if we all closed our accounts EVERYONE who was invloved they would look at it again. truely sickening… i have got to go else where and soon,,,,
So where does this stand for those that did not file a claim. I wonder if a new action will be filed? If so how will we know?
I am still dealing with overdraft charges. You have to provide the time you made the deposit but they cannot tell you what time the overdraft fee was applied although there were no pending debit transactions when I made my deposit. One day I made 3 deposits because they charge me an overdraft fee before they added my deposits. Just today I made a deposit of $480 at 8:31 AM. I checked my account 10 minutes later, no problem; 2 hours later, no problem; 4 hours later, overdraft fee. Time for a change.
I have been a loyal customer for years but me and several others I know will be going elsewhere.
so if we filed our claim before the deadline our claim was dissmised? if that is thats a bunch of bull i lost 1000 in one year not includeing other years. what can i do if my claim was dissmissed i want my money
I would like to know information about the settlement please. here is my address: 1500 S.Memphis #7, Fort Smith, AR 72901
Makes me MAD! they got me for 400 over 1 yr… in over draft charges, because they closed for snow i deposited after 4, so many reason especially the weekend dealings, gonna close my account if this doesn’t pan out, and the website says they dismissed it so I guess thats that… I am so going to trustmark…
after 20 yrs….
Just checked their website and this has been DISMISSED! I’d like to know their reasoning – BCS definately reorders their transactions to increase fees. I stopped using them years ago because of this. I made a mistake which ran into a weekend. When I questioned why larger Sunday transactions were processed before smaller Friday ones their reply was, “That’s the way we do it.” This makes me mad!