IMPORTANT NOTE: Jones Ward PLC is no longer accepting clients for these type of cases.
The consumer protection attorneys at Jones Ward are investigating claims that TD Bank charges excessive overdraft fees through a trick called ordering. Anyone with a TD Bank checking account who has been charged multiple overdraft fees on the same day may have been charged these fees improperly and may have claims against TD Bank.
Improper Overdraft Fees
When someone uses a TD Bank checking account to make multiple purchases on the same day, the law requires banks to process them in the order the consumer made the purchases. But some banks have been changing the order to cause someone to overdraft their account multiple times in the same day, when really they didn’t overdraft. Here’s how it works: if someone has $50 in a checking account and makes purchases of $10, $20, $15, and $100 in that order, they have only overdrafted on that last purchase. But what banks have done is to process the $100 charge first, causing four overdraft fees!
TD Bank has branches in Massachusetts and North Carolina, among other states. There are numerous other banks across the country who use the same dirty tactic to rip off consumers. The national class action attorneys at Jones Ward are lead counsel on class actions in dozens of states involving consumer protection claims such as cases like this.
Class Action Lawsuits
If this has happened to you or someone you know, you may be able to be a part of a class action lawsuit in your state. Class action lawsuits involve violations of consumer rights by banks, large companies, or other defendants against large groups of people. Overdraft fees can get expensive – hundreds of dollars in excess charges – but still might not be enough money to justify bringing a lawsuit. The courts have come up with something called class action lawsuits where one person or a small group of people can work together to sue on behalf of everyone affected. Sometimes, if the case is successful, the Court will award an extra incentive payment to the person who brought the class action on top of whatever they would receive as a class member. Either way, the attorneys at Jones Ward PLC handle class action cases for clients on a contingency basis and only get a fee if the Court awards one at the end.
Contact Us For a Free Evaluation
The consumer protection lawyers at Jones Ward PLC are committed to fighting for the rights of consumers across the country who have been ripped off by the deceptive acts of banks. If you or someone you know has had illegal overdraft fees, from TD Bank or any other bank, please contact us to discuss your rights. You can email Jasper Ward at firstname.lastname@example.org, call him at 888-595-2922 or click here.