Welcome to the Independent Bank Overdraft Settlement

Update March 9, 2018: Pursuant to the terms of the Settlement Agreement, Settlement Award Distributions to all eligible Claimants were completed. Account credits were issued and check payments were mailed to Settlement Class Members.

A Settlement has been reached with Independent Bank (“Independent Bank” or “Defendant”) about the order of posting Debit Card Transactions and resulting Overdraft Fees.

The Settlement offers payments to eligible customers who paid Overdraft Fees to Independent Bank as a result of the Bank's Former Practice of Debit Card Sequencing from July 31, 2007, through March 9, 2017.

Your legal rights are affected whether you act or do not act. Read this website carefully.

EXCLUDE YOURSELF Get no benefits from the Settlement. This is the only option that allows you to start or remain part of any other lawsuit against Independent Bank about the legal claims in this case.
OBJECT Write to the Court about why you do not like the Settlement.
GO TO A HEARING Ask to speak in Court about the fairness of the Settlement.
DO NOTHING If you received a notice via email or in the mail about this Settlement, an account credit or check payment will automatically be issued to you for the amount you are eligible to receive. You will give up your rights to sue Independent Bank about the legal claims in this case.

These rights and options—and the deadlines to exercise them—are explained in the Long-Form Notice and the FAQ page of this website.

The settlement has been approved by the Court. Benefits have now been distributed to those who qualified.

Important Dates

  • July 31, 2007-March 9, 2017
    Class Period
  • December 11, 2017
    Deadline to Receive Objection
  • December 11, 2017
    Postmark Deadline to Exclude Yourself
  • January 10, 2018 at 2:00 p.m. EST
    Final Approval Hearing
  • January 11, 2018
    Court Enters Final Approval Order and Final Judgment
  • January 11, 2018
    Final Approval Granted
  • March 9, 2018
    Distribution of Account Credits
  • March 9, 2018
    Distribution of Check Payments