If Chickasaw Community Bank charged you certain overdraft or non-sufficient funds (NSF) fees between Sept. 4, 2019, and Dec. 31, 2025, you may be eligible for a payment from a class action settlement.
The best part? No claim form is required. If you’re an eligible class member, your payment will be issued automatically if the settlement receives final approval.
Why this lawsuit exists?
The lawsuit alleged that Chickasaw Community Bank improperly charged certain overdraft and NSF fees to customers.
Who qualifies?
You may be included in the settlement if, between Sept. 4, 2019, and Dec. 31, 2025, Chickasaw Community Bank:
- Charged you an overdraft fee on a transaction that did not actually overdraw your account, or
- Charged you an overdraft or NSF fee on an item that had already been assessed an NSF fee (sometimes called a retry fee).
How much can you receive?
Eligible class members will receive a pro rata cash payment. The exact amount depends on:
- The amount of eligible overdraft or NSF fees you paid, and
- The total number of eligible class members participating in the settlement.
The settlement fund totals $51,662, with payments distributed after court-approved fees, expenses, and the service award.
Your options
| Your Option | What It Means | Deadline |
|---|---|---|
| Do Nothing | If you’re an eligible class member, you do not need to file a claim. You’ll automatically receive your settlement payment if the settlement is approved. | No action required |
| Exclude Yourself | Opt out if you do not want to participate in the settlement and wish to preserve your right to pursue your own legal claims. | July 18, 2026 |
| Attend the Final Approval Hearing | The Court will consider whether to grant final approval to the settlement. | Aug. 24, 2026 |
How to file a claim?
No claim form is necessary.
If the settlement receives final approval:
- Current Chickasaw Community Bank account holders will receive their payment as an account credit.
- Former account holders will receive a paper check mailed to their last known address.
According to the settlement information:
- Account credits are expected to be issued approximately 51 days after final approval.
- Paper checks to former customers are expected approximately 65 days after final approval.
If you were charged qualifying overdraft or NSF fees by Chickasaw Community Bank during the covered period, you may automatically receive a payment without filing a claim. Review the settlement details to see whether you’re included.
