Insufficient or Non-Sufficient Funds Fees

Banco Popular de Puerto Rico Fee Settlement

Banco Popular de Puerto Rico is paying $5.5 million to settle two class actions claiming it breached its account agreements in charging certain overdraft and insufficient funds fees for retried automated clearinghouse (ACH) payments and checks.  Read more

IH Mississippi Valley Credit Union APPSN and Retry Fees Settlement

This settlement resolves a class action alleging IH Mississippi Valley Credit Union fees charged customers improper APPSN and Retry fees. APPSN fees are those charged when an account has sufficient funds when a debit card transaction is approved but insufficient funds when it is settled. Retry fees are those charged when an Automated Clearing House  Read more

Bangor Savings Bank Overdraft/NSF Fee Settlement

Bangor Savings Bank is putting up $2 million to settle a class action alleging it charged customers improper overdraft or non-sufficient funds fees. The complaint claimed the bank charged these fees in two situations: (1) for automated clearinghouse transactions that were resubmitted by a merchant after the bank had declined to pay them the first  Read more

Pendleton Community Bank Unfair OD Fees, Multiple NSF Fees Class Action

This class action about unfair bank fees makes two allegations against Pendleton Community Bank, Inc.: (1) that it charges overdraft (OD) fees for debit transactions that were authorized with sufficient funds in the account, and (2) that it charges multiple non-sufficient funds (NSF) fees on single items.  Read more

NBT Bank Overdraft and NSF Fee Settlement

NBT Bank, NA is paying more than $4 million to settle a class action alleging it charged customers certain improper overdraft (OD) and non-sufficient funds (NSF) fees, including APPSN (Authorize Positive, Purportedly Settle Negative) fees and Retry fees. The complaint alleges that NBT breached its account agreements and violated consumer protection laws when it did  Read more

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