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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

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Frontwave Credit Union OD Fees on APPSN Transactions Class Action

Frontwave Credit Union, the complaint for this class action alleges, unfairly charges overdraft (OD) fees on something called APPSN transactions, that is, “Authorize Positive, Purportedly Settle Negative” transactions. These are transactions that are authorized when an account balance is positive, but settle at time when the account is in overdraft, and the complaint alleges that  Read more

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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

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Pelican State CU OD Fees on Non-Overdraft Transactions Class Action

Can a transaction overdraw an account if funds have previously been set aside to pay it? The complaint for this class action alleges that Pelican State Credit Union sets aside funds for debit transactions but then, in certain situations, when the transaction comes up for settlement, it charges the accountholder an overdraft (OD) fee to  Read more

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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

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Provident Bank Overdraft Fees on Accounts Not Overdrawn Class Action

Banks may charge overdraft (OD) or non-sufficient funds (NSF) fees when transactions overdraw accounts. But the complaint for this class action claims that Provident Bank also charges OD fees in instances where transactions do not overdraw accounts. These transactions are known as APPSN transactions, that it, “Authorize Positive, Purportedly Settle Negative.”  Read more

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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

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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

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Banco Popular Overdraft Fees on Accounts Not Overdrawn Class Action

This class action complains of a settlement practice that Banco Popular North America, which does business as Popular Community Bank engages in, known as Authorize Positive, Purportedly Settle Negative,” or APPSN. The complaint alleges that this results in the bank’s charging overdraft (OD) fees to customers on accounts that are not actually overdrawn.  Read more

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GPO Federal Credit Union Overdrafts with APPSN Transactions Class Action

Financial entities that provide banking services, like the defendant in this case, GPO Federal Credit Union, often earn money on overdraft (OD) fees. But the complaint for this class action alleges that GPO charges OD fees on transactions that do not actually overdraw customer checking accounts, with Authorize Positive, Purportedly Settle Negative (APPSN) transactions.  Read more

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