Insufficient or Non-Sufficient Funds Fees
Axos Bank Fees Not Permitted by Account Documents Class Action
The complaint for this class action claims, “Research shows that fees are the most important factor influencing consumers’ selection of a new banking provider.” It brings suit against Axos Bank, claiming that the bank misleads customers in its account documents as to the fees it will charge. At issue are (a) when it chooses to Read more
Municipal Credit Union Multiple NSF Fees on Rejected Payments Class Action
When a bank account does not contain sufficient fees to cover an item presented for payment, the financial institution may refuse to pay it and charge the accountholder a non-sufficient funds (NSF) fee. The complaint for this class action alleges that Municipal Credit Union goes farther and charges multiple NSF fees on a single item Read more
Amalgamated Multiple NSF Fees on a Single Item Class Action
Banks write agreements that govern the terms of their relationship with customers. The complaint says, “All the bank has to do is honor the contract it wrote and comply with the terms it dictated.” This class action brings suit against Amalgamated Financial Corp., which does business as Amalgamated Bank. The complaint alleges that it violates Read more
Nutmeg State Financial Credit Union Multiple NSF Fees Class Action
Nutmeg State Financial Credit Union, claims the complaint for this class action, took money from customer accounts without authorization. Why? Nutmeg removed the money as non-sufficient funds (NSF) fees for returned items or for overdraft (OD) fees for items previously returned, but the complaint alleges that Nutmeg did not have the right to do so, Read more
Workers Credit Union Multiple NSF Fees on a Transaction Class Action
How many non-sufficient funds (NSF) fees or overdraft (OD) fees should a bank charge on a single item? That depends primarily on what the bank’s own account agreement shows, says the complaint for this class action. Some banks’ account documents allow for multiple fees to be assessed on a single item, but the complaint alleges Read more
TD Bank NSF and OD Fees Charged on Same Item Class Action
When an item is presented against an account with insufficient funds, TD Bank, NA has two choices: It can pay the item, charging the customer an overdraft (OD) fee of $35, or it can return the item, charging the customer a nonsufficient funds (NSF) fee of $35. However, the complaint for this class action alleges Read more
BECU Overdraft and Nonsufficient Funds Fees Settlement
The Boeing Employees’ Credit Union (BECU) is putting up $6 million to settle a class action alleging that it violated the Washington Consumer Protection Act and Washington common law by imposing overdraft and nonsufficient funds (NSF) fees on consumers in certain situations. The complaint alleged that BECU charged the fees when accounts showed insufficient funds Read more
Sunflower Bank Multiple NSF, OD Fees on One Item Class Action
Overdraft and non-sufficient funds fees fall most heavily on those who can least afford them, says the complaint for this class action. The complaint alleges that Sunflower Bank, NA routinely charges customers two or more non-sufficient funds (NSF) fees or overdraft (OD) fees on a single transaction. It claims that this practice violates the terms Read more
Klarna “Buy Now, Pay Later” Plan and NSF Fees Class Action
Klarna, Inc. offers a “buy now, pay later” service to consumers who would like to spread out their payments for a purchase over time. The complaint for this class action alleges that the company makes misrepresentations and omissions in suggesting that the service is free, when in reality, users are all too likely to incur Read more
Zions Bancorporation Deposit Availability and Fees Class Action
Zions Bancorporation, NA has eight different brands: AmegyBank, California Bank & Trust, the Commerce Bank of Oregon, the Commerce Bank of Washington, National Bank of Arizona, Nevada State Bank, VectraBank Colorado, and Zions Bank. The complaint for this class action alleges that the bank imposes two unfair practices that target its most vulnerable customers: it Read more