Insufficient or Non-Sufficient Funds Fees
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
Bank of America Promise to Refund OD and NSF Fees Class Action
“From the fourth quarter of 2019 through the second quarter of 2020,” the complaint for this class action claims, “the U.S. economy contracted by more than 19 percent, the worst downturn ever recorded.” Low-income workers were particularly affected by sudden layoffs, and many households were unable to pay their bills. Banks were asked to waive Read more
Redstone Federal Credit Union Multiple NSF Fees on One Item Class Action
Redstone Federal Credit Union (RFCU) charges a non-sufficient funds (NSF) fee of $25 when an item is presented for payment and it decides not to pay it because it would overdraw the customer’s account. But what happens when the same item is presented again, before more money has been added to the account? The complaint Read more
Atlantic Union Bank Multiple Fees on a Single Item Class Action
Does Atlantic Union Bank obey the terms and conditions of its own account documents and fee schedule? The complaint for this class action alleges that Atlantic is supposed to charge only one $38 fee per item but that in fact it charges multiple fees on a single item. Read more
American Airlines Federal Credit Union Overdraft Fee Settlement
American Airlines Federal Credit Union is settling a class action alleging that it improperly charged members overdraft or non-sufficient funds fees in certain circumstances. The circumstances included settlements of “Authorize Positive, Purportedly Settle Negative” or APPSN transactions, where funds had previously been set aside; and Retry attempts for transactions that had previously been returned for Read more
AmeriCU Multiple NSF Fees and Improper OD Fees Class Action
This class action protests against two practices it alleges AmeriCU Credit Union improperly maintains: charging more than one non-sufficient funds (NSF) fee on a single transaction and charging an overdraft (OD) fee on transactions that did not actually overdraw accounts. The complaint alleges breach of contract and breach of the covenant of good faith and Read more
Alaska USA Federal Credit Union Retry Fee Settlement
Alaska USA Federal Credit Union is settling a class action alleging it charged members a Retry Fee when Automated Clearing House (ACH) and check transactions were resubmitted by a merchant after they had previously been rejected for insufficient funds. The complaint alleges that the second fee, for retrying the transaction, was not permitted by Alaska’s Read more
