If you have been charged multiple overdraft fees on the same day, contact us for a free consultation.
Have you ever made a simple math error that cost you hundreds of dollars in bank fees? It probably wasn’t just your mistake. Many banks “reorder” customer transactions in order to maximize their overdraft fees.
For example, if you had $100 in your checking account, and made nine $10 charges, and then one $100 charge, many banks will pay the $100 charge first. Why would they do that? Because then they can “bounce” the other nine charges … and make you pay nine overdraft fees instead of one! Sound crazy? It is. And you should fight it. Large banks like Wells Fargo have recently been hit with hundred million dollar judgments and settlements for this practice.