Peoples Bank has agreed to a $1.1 million settlement to compensate customers of Limestone Bank who were improperly charged overdraft and verification fees between May 3, 2013 and April 30, 2023. Eligible class members will automatically receive cash payments or debt forgiveness.
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Peoples Bank has agreed to a $1.1 million settlement to resolve a lawsuit (Cooper v. Peoples Bank) alleging that Limestone Bank (now Peoples Bank) improperly assessed certain overdraft and verification fees on debit card transactions between May 3, 2013 and April 30, 2023. The lawsuit specifically challenged "Authorize Positive, Settle Negative" (APSN) fees—overdraft fees charged on transactions that were authorized when the account had a positive balance but settled when the balance was negative—and "Verify Bank Fees" related to third-party verification processes. Under the terms of the settlement, Peoples Bank has agreed to establish a $950,000 cash fund and to provide debt forgiveness for uncollected fees. These payments will occur automatically as long as customers do not opt out of the settlement.
You may be a Settlement Class Member if you were charged specific overdraft or verification fees by Limestone Bank from May 3, 2013 to April 30, 2023.
You had a Limestone Bank account between May 3, 2013 and April 30, 2023
You were improperly charged "Authorize Positive, Settle Negative" (APSN) or "Verify Bank Fees" during this period
You do not need to file a claim form to receive a payment. Checks or account credits will be distributed automatically to you, as long as you do not exclude yourself from the settlement.
Payments and debt forgiveness are automatic for those who do not opt out
Our mission is to help people get the compensation they deserve. We are providing this information and a direct link to the official site to ensure you don't miss out on money you may be owed. However, this will mean that claims submitted for this settlement will not be reviewed, monitored, or have additional support from ClaimsHero.
No. For this claim, we are directing you to the official claims administrator website. There are no fees from ClaimsHero. This is different from our full-service representation campaigns, where we work on a contingency basis, review and monitor the status of your claim, and only get paid if your claim is successful.
Our goal is to raise awareness and guide you to the official claims website. We do not review your claim, handle your documents, monitor the status of your claim, contact you if there are any needed revisions or updates, or represent you in this specific matter. Our goal is to ensure you are provided a path to make your claim.
You must file your claim directly on the official settlement website, which is managed by the court-appointed claims administrator. The only place to submit your claim is through the link provided above.
All questions about your claim must be directed to the claims administrator. Because we simply provide a path to the claims administrator’s website to submit, our support team does not have access to your submission details. You can find their contact information on the official website through the link provided above.
If you have more questions, please visit the official website of this settlement and contact the claims administrator.
