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Spangenberg Shibley & Liber, LLC | Jun 27, 2014

Bank Overdraft Fee Violations

Categories: News

Spangenberg Shibley & Liber LLP is currently investigating unfair and deceptive practices relating to overdraft fees assessed by Ohio banks against debit card customers. Banks charge billions of dollars, annually, in overdraft fees. Many of these fees result from banks' systemic policy of re-ordering debit card transactions from highest dollar amount to lowest dollar amount, so as to deplete the customer's available funds as quickly as possible, while maximizing the number of overdraft fees. Another practice that we are investigating includes charging overdraft fees in situations where the bank customer has not actually overdrawn their checking account, charging overdraft fees in situations where the bank, in fact, did not pay out funds in excess of the customer's checking account balance, and failing to provide accurate account balance information on the bank's website, or at the point of sale.

We are currently investigating potential claims against Ohio banks for their practices in assessing overdraft fees. We would like to hear from you if you have been charged multiple overdraft fees by FirstMerit Bank, First Financial Bank, Park National Bank, and First Place Bank. Please complete the form on this page, or call us at 1-888-633-0360, so that we may schedule a free consultation.

Contact us to arrange a Bank Overdraft Litigation Consultation.