Lawsuit Investigation into Overdraft Fees on Debit Card Transactions

Last Updated on December 21, 2018

Investigation Complete

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At A Glance

This Alert Affects:
Anyone who used their debit card for a regular, everyday purchase, such as a ride with Uber, clothing purchase or travel booking, and was charged an overdraft fee.
What’s Going On?
It is suspected that some banks are charging overdraft fees when their contracts specifically forbid it. These fees, attorneys believe, are being levied on everyday purchases – when they should only be charged for recurring debits, such as automatic bill payments, that put customers’ accounts into the negative.
What’s Being Done About This?
Attorneys have been speaking with consumers about the issue to see if more class action lawsuits could be filed. Bank of America and Wells Fargo have already been sued.