Overdraft Fees

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

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

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

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

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

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

Afterpay “No Fee” Service Customers May Pay Bank NSF or OD Fees Class Action

Afterpay US, Inc. offers what amount to point-of-sale loans that let consumers to “buy now, pay later” for purchases at online and bricks-and-mortar stores. Afterpay advertises its service as completely free, with no interest or hidden fees. But the complaint for this class action alleges that Afterpay never mentions that the use of its services  Read more

Bank of Greene County Overdraft Fees on APPSN Transactions Class Action

When a transaction overdraws a checking account, many if not most banks charge an overdraft fee. The complaint alleges that the Bank of Greene County (BOGC) charges an overdraft (OD) fee for transactions that did not actually result in an overdraft, through something called Authorize Positive, Purportedly Settle Negative (APPSN) transactions.  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