Foreclosure and Loan Modification Blog

T.D. Bank is Charging Unconscionable Overdraft Fees

Written by Maxwell Swinney | Thursday, June 1, 2017

In conjunction with a group of nationally-recognized law firms, our lawyers are investigating TD Bank and the outrageous overdraft fees they charge.

We intend to file suit in the near future.

What’s the litigation about?

The litigation specifically focuses on a $20.00 fee that TD bank charges all of its customers when his or her account has maintained a negative balance for 5 successive days or more. The fee is listed on an individual’s bank statement as a “sustained overdraft fee.” It is our contention that this fee is just usurious (ie. Illegal) interest being charged by the bank disguised as a "fee."

There is no other way to characterize this charge and it should be illegal.

Have you been charged a "Sustained Overdraft Fee"?

If you have incurred the above-referenced fee on your TD Bank account in the last 2 years and are interested in suing TD bank and protecting your rights as a consumer, please contact our offices immediately.

The suit will cost you no money out of pocket and you could receive a substantial cash award if we are successful in the litigation. The number to call is 877-882-5338 x 850. We look forward to hearing from you.

 

 

 

Extended or "hidden" overdraft charges with a different bank?

Leave message in the comments below with the name of your bank for more information.