If You Paid Overdraft Fees to BancorpSouth Bank, You May Be Eligible for a Payment from a Class Action Settlement.

A federal court authorized this website. This is not a solicitation from a lawyer.

Update (10/21/16): Credit issuance to Settlement Class Members who have current BancorpSouth accounts and check issuance for Settlement Class Members who no longer have a current BancorpSouth account commenced on October 21, 2016.

A $24 million Settlement has been reached in a class action about the order in which BancorpSouth Bank (referred to as “BancorpSouth”) posted Debit Card and ATM transactions to customer Accounts, and the alleged effect the posting order had on the number of Overdraft Fees charged to Account holders. BancorpSouth maintains that there was nothing wrong with the posting process it used and that it complied, at all times, with applicable laws and regulations and the terms of the account agreements with its customers.

Certain current and former holders of BancorpSouth consumer checking Accounts are eligible for a payment or Account credit from the Settlement Fund.

A “Notice of Pendency of Class Action” was mailed and/or emailed to all Class Members in May 2013. You are included in the Settlement Class if you received a copy of the Pendency of Class Action sent in May 2013 and did not previously opt out before the Court-ordered deadline. The current Notice is intended to inform the same group of Class Members of the proposed Settlement of the case.

Summary of Your Legal Rights and Options in this Settlement
Receive a Payment or Account Credit If you are entitled under the Settlement to a payment or Account credit, you do not have to do anything to receive it. If the Court approves the Settlement and it becomes final and effective, and you remain in the Settlement Class, you will automatically receive a payment by check or Account credit.
Exclude Yourself from the Settlement Receive no benefit from the Settlement. This is the only option that allows you to retain your right to bring any other lawsuit against BancorpSouth about the claims in this case.
Object Write to the Court if you do not like the terms of the Settlement.
Go to a Hearing Ask to speak in Court about the fairness of the Settlement.
Do Nothing You will receive any payment or Account credit to which you are entitled and will give up your right to bring your own lawsuit against BancorpSouth about the claims in this case.

NOTICE: This website provides a summary of the Settlement and is provided for informational purposes only. In the event of any discrepancy between the text of this website and the original text upon which it is based, the text of the original document shall prevail.

Questions? Contact the Settlement Administrator at 1-800-420-2916 or by email at info@bancorpsouthoverdraftlitigation.com

Important Dates

  • June 2, 2016
    Deadline to request exclusion (“opt out”) from the Settlement
  • June 2, 2016
    Deadline to object to the Settlement
  • July 14, 2016
    Final Approval Hearing
  • July 15, 2016
    Final Approval Granted
  • October 21, 2016
    Award Disbursement Commencement