Extended Overdraft Fee Lawsuits

March 28, 2017

Important Information

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At A Glance

This Alert Affects:
Anyone who was charged an "extended" or "sustained" overdraft fee days or weeks after overdrawing their checking or money market account.
What Is an Extended or Sustained Overdraft Fee?
These fees are added on top of regular overdraft fees after a consumer overdraws his or her account and leaves it with a negative balance.
Are These Fees Illegal?
A number of class action lawsuits have been filed alleging these fees are illegal under a federal law known as the National Bank Act.