Fighting Back Against Illegal and Unfair Bank Fees
Reclaiming Your Hard-Earned Money
Banks across the country have been using overdraft fees and unfair bank fee charges on one-time debit card transactions to increase their profits and have attempted to prevent consumers from bringing legal action. Though many bank agreements have arbitration clauses stopping customers from bringing a class action, mass arbitration can still help you hold your bank accountable for unfair overdraft fees. You may be qualified to arbitrate if:
- You have been charged an unfair overdraft fee on a debit card transaction or ATM transaction at least once in the past 12 months.
- You are a current customer of your bank.
Submit your most recent bank statement to find out if you qualify!
Arbitrations Over Bank Overdraft Fees Lawsuit
McCune Law Group(MLG) is bringing mass arbitration claims against financial institutions over unfair and illegal bank overdraft fees. MLG is seeking to bring mass arbitrations against the dishonest banks in order to ensure financial institutions remain accountable and honest. Overdraft fees and unfair bank fees are responsible for billions of dollars of consumer losses nationwide and are often charged in accordance with unfair bank policies and practices.
Although many customers may seek an overdraft fee class action lawsuit due to unfair bank policies, many institutions have implemented an arbitration clause in their account agreement paperwork. This clause, when executed, rescinds a customer’s right to pursue a class action and forces private arbitration instead. The banks that have made this change did so in the hope that it would save themselves from a public court battle and discourage wronged customers from making claims. MLG finds this behavior unacceptable and aims to help victims of unfair bank overdraft fees recover their losses through private arbitration.
MLG has begun bringing claims against several banks already. If you are a customer of the following institutions, sign up for your bank overdraft fees lawsuit at the links below!
- BMO Harris
- Chase
- Consumers Credit Union (in Illinois)
- Go2Bank
- Key Bank
- Republic Bank
- Wells Fargo
- 1st Advantage Federal Credit Union
Not a customer of these banks? Complete the form here to begin bringing your arbitration against your bank! Our team will review your bank’s policies to determine if you are eligible to bring an arbitration claim.
Overdraft and Unfair Bank Fees are Predatory
At the heart of McCune Law Group’s initiative lies a profound commitment to combating predatory financial practices that disproportionately affect vulnerable populations. Overdraft fees, in particular, have long been a contentious issue within the banking industry, often resulting in significant financial burdens for the consumers with the most to lose. These fees are typically charged when an individual withdraws more money from their account than is available, leading to a negative balance. While overdraft protection is ostensibly designed to prevent declined transactions and bounced checks, the exorbitant fees associated with such services have drawn widespread criticism for their inequitable and exploitative nature.
McCune Law Group attorneys recognize that overdraft fees can have severe consequences for individuals living paycheck to paycheck, perpetuating a cycle of debt and financial insecurity. Moreover, the opaque and convoluted fee structures employed by many banks only exacerbate the challenges faced by consumers, making it difficult for them to understand and navigate the terms of their banking agreements. As such, McCune Law Group views its legal efforts as not only a means of seeking redress for those wronged by unfair banking practices but also as a vital step toward promoting greater transparency and accountability within the financial sector.
Case Results
$35 Million
Class Action
National class action settlement for unfair overdraft fees
$70 Million
Class Action
A national class action settlement for unfair overdraft fees
$203 Million
Class Action
Trial verdict in a class action for unfair bank overdraft fees
Contact Us to Recover Your Fees!
What Are Overdraft Fees?
Overdraft fees are charges imposed by financial institutions when an account holder spends more money than is available in their account, thus overdrawing it. These fees can be incurred through various transactions, including debit card purchases, ATM withdrawals, checks, and electronic transfers. Essentially, overdraft fees function as a penalty for failing to maintain a positive account balance. The cost of overdraft fees can vary depending on your bank and the type of account you hold. Typically, these fees range from $20 to $35 per transaction, and they can quickly add up if multiple transactions occur while the account remains overdrawn. Additionally, some banks may impose daily or monthly caps on overdraft fees, while others may charge extended overdraft fees if the negative balance is not promptly resolved.
Are NSF Fees and Overdraft Fees the Same?
An NSF fee, also known as a bounced check fee, occurs when you do not have enough money in your account to cover a check or other transaction. When this happens, the bank will return the check or transaction unpaid and charge you an NSF fee. Like overdraft fees, NSF fees can range from $10 to $40 or more, depending on the bank. For example, let’s say you write a check for $100, but you only have $50 in your account. The bank will return the check unpaid and charge you an NSF fee. If the fee is $30, you will now owe the bank $130 ($100 for the check and $30 for the fee).
What is the Arbitration Process Like?
Arbitration is a private form of dispute resolution in which a claim is brought outside of a courtroom. Rather than a judge, an arbitrator will hear both sides of the argument, decide who is the winner, and will determine the award amount. Each side is encouraged to retain an attorney for the best results. If you choose to retain MLG as your legal representation in your unfair bank overdraft fees lawsuit claim, we will defend your rights in arbitration at no cost to you. All costs will be charged to your bank if the arbitration is successful.
Who is Eligible to Make a Claim or Join a Bank Overdraft Fees Lawsuit to Recover Their Fees?
Unfair bank overdraft fees are an extremely common struggle for Americans nationwide. As such, you may qualify for arbitration without even realizing it! We are accepting claims from customers who:
- Are currently customers of their bank
- Have been charged unfair bank overdraft fees on a debit card transaction within the last year.
Frequently Asked Questions
How do I fight overdraft fees?
Fighting overdraft fees requires proactive communication with your bank. Start by reaching out to them, explaining the circumstances that led to the overdraft, and politely requesting a fee waiver. Some banks may be willing to negotiate or provide a one-time courtesy waiver, especially if you’re a long-standing customer in good standing. If your request is initially denied, don’t hesitate to escalate the matter by speaking to a supervisor or exploring alternative channels, such as online customer service or in-person visits.
Can I be sued for overdraft fees?
While it’s uncommon to be sued specifically for overdraft fees, the possibility exists if your account remains unpaid for an extended period. Banks typically use debt collection methods to recover overdue amounts, and legal action could be a last resort.
Can I sue a bank over overdraft fees?
Suing a bank for overdraft fees can be challenging, as most banking agreements include arbitration clauses that require disputes to be resolved outside of court. However, the Financial Attorneys of MLG are bringing arbitrations against these financial institutions that have charged unfair or illegal overdraft fees. Contact us today to learn more!
What happens if I don’t pay my overdraft fees?
If you don’t pay your overdraft fee, the bank may take various actions to recover the debt. Initially, they might continue to charge additional fees and interest on the outstanding amount. Over time, if the account remains in a negative balance, the bank may use debt collection methods, such as reporting the delinquency to credit bureaus, which can negatively impact your credit score. In extreme cases, the bank may close your account and send the debt to a collection agency, leading to further consequences for your creditworthiness.
What are five bank fees?
Bank fees can encompass a range of charges that financial institutions levy on their customers for various services or actions. Among the plethora of fees, five common ones include overdraft fees, non-sufficient funds (NSF) fees, monthly maintenance fees, ATM fees, and wire transfer fees. These fees can vary depending on the bank’s policies and the specific services utilized by the customer. Understanding these fees can help account holders manage their finances more effectively and avoid unnecessary charges.
Will banks reverse NSF fees?
Banks may consider reversing Non-Sufficient Funds (NSF) fees under certain circumstances. If you’ve experienced an overdraft due to an unexpected financial challenge, it’s worth reaching out to your bank promptly. Explain the situation, emphasize your commitment to resolving the issue, and inquire about the possibility of a fee reversal. Some banks may offer a one-time courtesy waiver, especially if you have a good history with them. However, success in fee reversal often depends on the bank’s policies and your individual circumstances, so it’s essential to communicate openly and proactively to increase your chances of a positive outcome.
What is the difference between NSF fees and overdraft fees?
Non-Sufficient Funds (NSF) fees and overdraft fees are related to insufficient funds in your bank account but differ in their timing and triggering events. NSF fees typically occur when you attempt a transaction, such as writing a check or making a debit card purchase, but don’t have enough money in your account to cover it. Overdraft fees, on the other hand, come into play when you spend more money than is available in your account, but the bank still approves and processes the transaction.
How can I get my money back from unfair overdraft fees?
If you were charged overdraft fees unfairly by the banks listed above, you likely signed an arbitration agreement which forbids customers from bringing public class action lawsuits against banks over overdraft fees or other grievances. However, you are always able to bring an arbitration alongside an attorney to reclaim your wrongfully charged overdraft fees.
What is the process for resolving disputes through arbitration regarding bank overdraft fees?
The process for resolving disputes through arbitration regarding bank overdraft fees typically involves the customer contacting the bank to express their dispute. If the dispute falls within the scope of the bank’s arbitration agreement, both parties agree on a neutral arbitrator. Information and evidence are exchanged, and a hearing is scheduled where arguments are presented. The arbitrator then issues a binding decision or award, resolving the dispute. Compliance with the decision is expected, and the process’s specifics may vary based on the bank’s policies, arbitration agreement, and applicable laws.
Can I still join an arbitration?
Yes! McCune Law Group’s Financial Services lawyers are continuing to file arbitration on behalf of wronged bank customers who were unfairly charged overdraft fees. If you are a current bank customer with a positive balance on your account, complete the form above to begin the process of arbitration.
Empowering Consumers to Reclaim Their Fees
Central to MLG’s strategy is our commitment to empowering consumers to assert their rights and seek restitution for the harm inflicted upon them by unfair overdraft fee practices. Through individual arbitrations, the firm provides a platform for individuals to challenge the status quo and demand accountability from powerful financial institutions. By pursuing legal recourse on behalf of affected consumers, MLG aims to secure financial compensation, catalyze systemic change within the banking industry, and ensure consumers feel recognized in their struggles. MLG also recognizes the broader implications of its actions, seeking to set legal precedents and establish standards that safeguard the rights of consumers in perpetuity. By litigating against major banks on a national scale, the firm aims to send a clear message that exploitative practices will not be tolerated and that those responsible will be held to account. In doing so, MLG endeavors to foster a more equitable and just financial system that prioritizes the well-being of individuals over corporate profit margins.
How You can Join Our Arbitration or Lawsuit Over Overdraft Fees:
The Financial Services attorneys at McCune Law Group are pursuing mass arbitrations on behalf of customers who have been charged unfair overdraft fees. If you have been charged an unfair overdraft fee recently, here is how you can join our arbitration:
- Set up your free consultation: Once you’ve submitted the contact form, a representative from McCune Law Group will reach out to you to schedule a free consultation. This initial meeting is an opportunity for you to discuss your case briefly and understand how the firm can assist you in your case.
- Meet with our class action team of attorneys: Attend the scheduled consultation either in person or virtually, depending on your preference and location. You will be introduced to the team of attorneys who will be handling your case. This is a chance to get to know the legal professionals who will be advocating for you.
- Discuss your potential case: During the consultation, share the details of your case matter with the attorneys. Provide any relevant documents, evidence, or information that can help them understand the merits of your case. Be open and honest about your situation, and feel free to ask any questions you may have about the legal process.
- File your arbitration claim and request an arbitrator: After a thorough discussion of your potential case, the attorneys will draft and file your claim against your bank or financial institution outlining your issues and requesting an arbitration begin. An impartial arbitrator will be assigned to your matter and will hear your attorney’s argument and the defendant’s rebuttal privately before making a ruling. During this time, it’s vital to provide any additional documentation you may be asked for and to maintain contact with your attorney.
Reshaping the Banking Industry
McCune Law Group is committed to fostering a culture of corporate accountability within the banking industry. The firm leverages its expertise in corporate governance and shareholder activism to hold major banks accountable for their actions through shareholder advocacy campaigns and proxy voting initiatives. By amplifying the voices of shareholders who demand ethical and responsible business practices, McCune Law Group aims to incentivize banks to prioritize the well-being of their customers over short-term profits. In its relentless pursuit of justice, McCune Law Group remains committed to amplifying the voices of those impacted by unfair overdraft fees and other predatory banking practices.
Protecting Consumers Against Unfair Overdraft Fees
McCune Law Group, McCune Wright Arevalo Vercoski Kusel Weck Brandt APC (MLG), has a history of aggressive class action representation that spans over 30 years. Serving those in the entire U.S., we have represented consumers in financial services class action litigation involving overbilling, mortgage fraud, and more. One of our most notable cases involved a $203 million verdict in a class action against Wells Fargo for unfair overdraft fees imposed on its California customers. We have recovered over a billion dollars in verdicts and settlements, across our practice areas. Whether it’s defending against predatory lending practices, pursuing cases of deceptive advertising, or fighting against unfair debt collection tactics, our Financial Services Attorneys are committed to leveling the playing field for consumers. By offering comprehensive legal representation, we help individuals facing financial challenges navigate complex legal processes, seek fair compensation, and regain control over their financial well-being.
A lawyer from our Financial Service team is ready to help you recover your unfairly charged overdraft fees!
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McCune Law Group, McCune Wright Arevalo Vercoski Kusel Weck Brandt APC, is responsible for this advertisment. The information provided on this website is for general information purposes only. The information you obtain is not, nor is it intended to be, legal advice. Use of this website or submission of the online form does not create an attorney-client relationship.
Counsel Richard McCune is licensed to practice only in the state of California. The law firm of McCune Law Group, McCune Wright Arevalo Vercoski Kusel Weck Brandt APC, has attorneys licensed to practice law in AZ, CA, IL, MO, NJ, NY and PA. This information section is not intended to be a solicitation for services in states where it is forbidden for non-barred attorneys from advertising for services, and McCune Law Group, McCune Wright Arevalo Vercoski Kusel Weck Brandt APC, does not have attorneys barred in that state. McCune Law Group, McCune Wright Arevalo Vercoski Kusel Weck Brandt APC, is a national firm that brings lawsuits in a majority of the states. In states where one of its attorneys are not barred, it does so by filing the complaint along with local counsel barred in that state.
The results discussed do not guarantee, warrant, or predict the results in future cases.
About Us
McCune Law Group, (MLG) has a long history of success holding banks and credit unions accountable for their unfair or illegal practices, including a $203 million verdict against Wells Fargo itself. The Financial Services attorneys of MLG believe big banks should never be able to just take their customers’ hard-earned money when they are not legally entitled to collect overdraft fees.
