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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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Mid-Hudson Valley FCU Multiple NSF Fees on One Item Class Action

Mid-Hudson Valley Federal Credit Union offers retail banking services in New York. The complaint for this class action alleges that it charges multiple non-sufficient funds (NSF) fees on a single item, when a previously unpaid item is re-presented for payment. The complaint alleges that this is not permitted by its account documents and that it  Read more

Mid-Hudson Valley Federal Credit Union Location

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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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

Banco Popular Building

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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Tonawanda Valley FCU Improper OD and NSF Fees Class Action

If customers overdraw their checking accounts, they may be required to pay an overdraft (OD) fee or a nonsufficient funds (NSF) fee for each such transaction. But the complaint for this class action alleges that Tonawanda Valley Federal Credit Union (TVFCU) charges customers an overdraft fee in certain circumstances when their accounts are not actually  Read more

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