Insufficient or Non-Sufficient Funds Fees
First Interstate Bank APPSN Fees and Retry Fees Settlement
This settlement resolves two class actions against First Interstate Bank, alleging it engaged in two improper practices not permitted by its account agreements. The complaints claimed (1) that the bank charged overdraft fees on certain transactions, known as “Authorize Positive, Purportedly Settle Negative” (APPSN) when accounts were not actually overdrawn, and (2) that it charged Read more
TD Bank Overdraft Fees with Use of Zelle Class Action
The complaint for this class action faults TD Bank, NA for its “deceptive and incomplete marketing materials” on its Zelle money transfer service. The complaint alleges that TD bank advertises Zelle as a “free” service, even though it claims users can inadvertently incur overdraft (OD) fees and non-sufficient funds (NSF) fees. Read more
Timberland Bank Multiple NSF Fees, Unfair OD Fees Class Action
This class action takes issue with two practices allegedly engaged in by Timberland Bank. First, it claims the bank charges multiple non-sufficient funds (NSF) fees on a single item presented for payment. Second, it claims that Timberland imposes overdraft (OD) fees on accounts that were not actually overdrawn. Read more
Sezzle “No Interest” Service May Cost Customers NSF or OD Fees Class Action
Sezzle, Inc. offers a “buy now, pay later” service to consumers that claims to charge no interest. But the complaint alleges that Sezzle is not up front about the real risks of using the service: the nonsufficient funds (NSF) and overdraft (OD) fees that they may incur when Sezzle takes its installment payments from their Read more
Klarna “Free” Service Customers May Pay NSF or OD Fees Class Action
Klarna, Inc. allows consumers to make purchases on a “buy now, pay later” basis, at certain online and bricks-and-mortar stores. But the complaint for this class action alleges that the company makes representations and omissions that fail to warn consumers about the real risks of using Klarna’s services, which include nonsufficient funds (NSF) and overdraft Read more
Afterpay “No Fee” Service Customers May Pay Bank NSF or OD Fees Class Action
Afterpay US, Inc. offers what amount to point-of-sale loans that let consumers to “buy now, pay later” for purchases at online and bricks-and-mortar stores. Afterpay advertises its service as completely free, with no interest or hidden fees. But the complaint for this class action alleges that Afterpay never mentions that the use of its services Read more
Gate City Bank Multiple NSF Fees on a Single Item Class Action
The complaint for this class action brings suit against Gate City Bank, taking issue with its practices for charging insufficient or nonsufficient funds (NSF) fees. The complaint alleges that Gate’s account agreements say it will charge a single fee on such items, while in practice it may assess an additional fee if the item is Read more
Bank of Guam Multiple NSF Fees on a Single Item Class Action
The Bank of Guam charges a non-sufficient funds (NSF) fee when an item is presented for payment and the respective account does not have the funds to cover it. But if the merchant presents the item again, does it have the right to charge the customer a second NSF fee? The complaint for this class Read more
TD Bank Retry NSF Fee Settlement
TD Bank is settling a class action alleging it unfairly charged accountholders Retry NSF Fees. An NSF fee is one that is charged for an Automated Clearing House (ACH) or check transaction that was submitted by a merchant and returned unpaid by the bank because the account did not contain sufficient funds. A Retry NSF Read more
Walmart Multiple Returned-Check Fees on One Check Class Action
How many returned-check fees can a company collect on a single returned check? The complaint for this class action alleges that, when a customer’s check is returned to Walmart, Inc. for insufficient funds, Walmart repeatedly reprocesses it, causing the customer to pay repeated non-sufficient funds (NSF) fees, but also repeatedly charging the customer its own Read more
