A Glimpse of Accountability: SunTrust's Overdraft Fee Settlement and the Long Road Ahead The $240 million settlement between Truist Bank (formerly SunTrust) and its customers marks a significant development in efforts to promote financial transparency and accountability.
For thousands of account holders who incurred unnecessary overdraft fees between 2006 and 2014, this settlement provides an opportunity to recoup up to $1,000 per person.
This settlement is not an isolated incident or a straightforward victory for consumers.