More Than One Fee Assessed on a Single Item/Transaction
A number of banks have been sued recently for charging multiple non-sufficient funds fees on a single item. In this case, the complaint alleges that it’s Alaska USA Federal Credit Union that has been charging the multiple fees, even though the complaint says its account documents do not permit it to do so.
This class action is one of a number of recent ones taking issue with the practice of imposing multiple non-sufficient funds (NSF) fees on a single transaction. The complaint claims that Bethpage Federal Credit Union violates its own account agreements by doing so.
This class action is one of a number filed in the past year or so on the topic of multiple non-sufficient funds (NSF) fees charged for a single transaction request. In this case, the complaint says that Wintrust Financial Corporation, through its banks, levies multiple NSF fees on a single item in breach of its account agreements and the Wisconsin Deceptive Trade Practices Act (WDTPA).
If your bank refuses a checking account request and charges you $25 for non-sufficient funds, should it be able to charge you again for the same check or transaction? Many class actions have been filed on this topic lately. This time it’s Ally Bank that is alleged to be unfairly charging multiple non-sufficient funds (NSF) fees on the same checking account item involving an Automated Clearing House (ACH) debit request.
Isn’t one non-sufficient funds (NSF) fee or one out-of-network fee per transaction enough? The complaint for this class action says that Wright-Patt Credit Union (WPCU) should not be charging two or three fees on single transactions.