If You Paid Overdraft Fees to Bank of the Ozarks, You May Be Eligible for a Payment from a Class Action Settlement.

A settlement has been reached in a class action lawsuit claiming that Bank of the Ozarks assessed, and collected from their customers improper, unfair, unconscionable and excessive Overdraft Fees.

The proposed settlement (the “Settlement”1) creates a $2,750,000.00 settlement fund (the “Settlement Fund”) for the benefit of members of the Settlement Class (defined herein). The description of the Settlement in the Notice is only a summary; full details of the Settlement are set forth in the Stipulation of Settlement (“Stipulation”), which is on file with the Court.

If you are a member of the Settlement Class, as outlined in FAQ 3, you may be entitled to share in the Settlement proceeds. However, your legal rights are affected whether you act or do not act. So, please read the Notice and this website carefully.

SUBMIT A CLAIM Remain in the Class and share in the Settlement proceeds.
EXCLUDE YOURSELF FROM THE SETTLEMENT Get no payment and retain the right to pursue any additional remedies, at your own expense, against Bank of the Ozarks.
OBJECT Write to the Court if you do not like the Settlement.
GO TO THE HEARING If you would like, you may ask to speak in Court about the fairness of the Settlement. You do not need to do this to receive a payment under the Settlement.
DO NOTHING Get no benefits. However, you will still give up your right to bring your own lawsuit against Bank of the Ozarks on the claims in this Class Action and the Released Claims.

These rights and options —and the deadlines to exercise them— are explained here and on this website.

The Court in charge of this case still has to decide whether to approve the Settlement. Payments will be made if the Court approves the Settlement and after any appeals are resolved. Please be patient.

1All capitalized terms used in this website shall have the meaning assigned to them in the Stipulation.

Important Dates

  • October 19, 2017
    Deadline to Opt-Out of Settlement
  • October 19, 2017
    Deadline to Object to Settlement
  • November 29, 2017
    Deadline to File Proof of Claim Form
  • November 13, 2017 at 9:00 a.m. EST
    Final Approval Hearing
  • TBD
    Distribution of Settlement Awards