AZsmackdown

Suing a Bank for Overdraft Fees

Recommended Posts

Has anyone sued a Bank for excessive overdraft fees, due to reorganization of deposits and credits to maximize the banks potential for overdraft collection?

Is there a sample complaint form available for this type of case where I the consumer wants to file a complaint against the big bank?

Share this post


Link to post
Share on other sites

I used to work at a small regional bank data center in my former life and remember when they were first introducing check guarantee cards for overdraft protection.  The VP conducting the meeting made the comment that we as employees need to encourage signing up for those cards.  His comment was 'If we can get them to use them, then we've got them.  The interest on the card loans will offset the OD charges we will lose.  We make our overhead on OD's but having these cards will encourage more spending. and higher interest payments.' 

 

http://www.bloomberg.com/news/2014-02-21/banks-fight-revised-u-s-plan-to-monitor-checking-overdraft-fees.html

Share this post


Link to post
Share on other sites

There was a class action suit against BoA for this very issue.  Google that.

 

I JUST got another check from the settlement from this case.  They keep sending me money and I keep taking it.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.