Each year the banking industry charge customers more than 17.5 billion dollars in overdraft fees. The majority of these fees are from debit card, check card or ATM transactions. Each of these transactions were approved by the banks at the time of the purchase or ATM withdrawal.
While customers clearly have a responsibility to avoid overdrafting their checking account, the banks have an equal responsibility to deal fairly and honestly with their customers.
While customers clearly have a responsibility to avoid overdrafting their checking account, the banks have an equal responsibility to deal fairly and honestly with their customers.
McCuneWright, LLP has filed lawsuits against Wells Fargo, Citibank, Wachovia and US Bank alleging that these banks have made hundreds of millions of dollars in unfair and illegal overdraft fees. McCuneWright, LLP is also investigating Union Bank of California, Bank of the West, California National Bank, California Bank & Trust, COAMERICA Bank, First California Bank, First Federal Bank of California and HSBC Bank for similar allegations.