Welcome to the Independent Bank Overdraft Settlement


Update January 9, 2019: Settlement Class Counsel and Independent Bank Counsel jointly agreed to perform a supplemental disbursement to exhaust the remaining monies in the Settlement Fund and check payments were subsequently mailed to qualified 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 offered 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.

If you are a Class Member, your legal rights are affected whether you acted or did not act. Read this website carefully.

These rights and options 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
  • January 11, 2018
    Final Approval Granted
  • March 9, 2018
    Distribution of Account Credits
  • March 9, 2018
    Distribution of Check Payments
  • January 9, 2019
    Distribution of Supplemental Check Payments