{"id":44398,"date":"2026-05-22T09:14:31","date_gmt":"2026-05-22T09:14:31","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=44398"},"modified":"2026-05-22T09:14:31","modified_gmt":"2026-05-22T09:14:31","slug":"equity-bank-shelling-out-1000000-to-customers-to-settle-accusations-of-improperly-charging-overdraft-and-non-sufficient-funds-fees","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=44398","title":{"rendered":"Equity Bank Shelling Out $1,000,000 to Customers To Settle Accusations of Improperly Charging Overdraft and Non-Sufficient Funds Fees"},"content":{"rendered":"

A billion-dollar US bank is preparing to shell out $1 million to settle a class-action lawsuit over certain fees charged to customers.<\/p>\n

Equity Bank has agreed<\/a> to settle the lawsuit that alleges the financial institution improperly charged certain overdraft and non-sufficient funds fees to account holders between January 1st, 2017, and November 21st, 2025.<\/p>\n

The alleged improper charges include overdraft fees charged on debit card transactions that were authorized on a sufficient available balance and settled in the authorized amount, overdraft or non-sufficient funds fees charged on the second or third presentment of the same item, and overdraft fees charged on days when the end-of-day balance was not overdrawn.<\/p>\n

The bank\u2019s account holders, who do not need to file a claim to receive the funds, will receive some portion of the settlement proceeds on a pro rata basis based on the amount of alleged improper fees they paid, after deducting the attorneys\u2019 fees and expenses, as well as the costs of notice and administration.<\/p>\n

As part of the settlement, Equity Bank denies any wrongdoing.<\/p>\n

Equity Bank has also agreed to forgive $225,000 in uncollected fees that were charged.<\/p>\n

A court is expected to give final approval of the settlement on June 29th.<\/p>\n

Equity Bank is headquartered in Kansas and has $7.9 billion in assets under management.<\/p>\n

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The post Equity Bank Shelling Out $1,000,000 to Customers To Settle Accusations of Improperly Charging Overdraft and Non-Sufficient Funds Fees<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A billion-dollar US bank is preparing to shell out $1 million to settle a class-action lawsuit over certain fees charged to customers. Equity Bank has agreed to settle the lawsuit that alleges the financial institution improperly charged certain overdraft and non-sufficient funds fees to account holders between January 1st, 2017, and November 21st, 2025. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-44398","post","type-post","status-publish","format-standard"],"yoast_head":"\nEquity Bank Shelling Out $1,000,000 to Customers To Settle Accusations of Improperly Charging Overdraft and Non-Sufficient Funds Fees - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=44398\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Equity Bank Shelling Out $1,000,000 to Customers To Settle Accusations of Improperly Charging Overdraft and Non-Sufficient Funds Fees - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"A billion-dollar US bank is preparing to shell out $1 million to settle a class-action lawsuit over certain fees charged to customers. 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