More Than One Fee Assessed on a Single Item/Transaction

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

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

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

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

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

Bank of America Insufficient Funds and Overdraft Fees Settlement

Bank of America, NA (BANA) is paying $75 million to settle a class action alleging that it improperly charged insufficient or non-sufficient funds fees (and/or overdraft fees) involving the timing of actions in several situations, including for Retry Transaction Fees, for Intrabank Transaction Fees, and for Fee Accrual Claim Fees. The complaint alleged the bank  Read more