Unfair Overdraft Claims From 1st Bank Customers Under Investigation
Unfairly charged an overdraft fee by 1st Bank? The attorneys working with ClassAction.org would like assistance in their investigation of overdraft protection policies utilized by state and regional banks.
While 1st Bank has not been named among the establishments allegedly charging unfair overdraft fees, customers of this bank may have grievances similar to those outlined in lawsuits filed against Bank of America, Wells Fargo and other large banking institutions. In unfair overdraft lawsuits against these establishments, it has been alleged that the banks are reordering transactions in their customers’ accounts so they can charge more overdraft fees and, as a result, generate more profits. Essentially, the suits claim that when a customer makes a number of debits on any given day, the bank will process the largest debit first – regardless of the order in which the transactions were made. For instance, if a customer with a $100 balance makes four $25 purchases in the morning, followed by a $50 purchase that night, the bank will process the $50 transaction first and charge overdraft fees for two of the $25 purchases made hours before, according to the allegations.
1st Bank has not been named in the lawsuits making these allegations; however, consumers who believe they were wrongfully charged overdraft fees by 1st Bank or any other financial institution are invited to visit ClassAction.org for more information and a free case evaluation.
About Class Action.org
Class Action.org is dedicated to protecting consumers and investors in class actions and complex litigation throughout the United States. Class Action.org keeps consumers informed about product alerts, recalls, and emerging litigation and helps them take action against the manufacturers of defective products, drugs, and medical devices. Information about consumer fraud issues and environmental hazards is also available on the site. Visit http://www.classaction.org today for a no cost, no obligation case evaluation and information about your consumer rights.
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