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(USGovernment-News.Com, June 15, 2012 ) New York, NY – Class Action.org is working with attorneys investigating whether Amegy Bank customers in Texas where charged unfair overdraft fees when they overdrew their accounts. Many of the nation’s largest banks have allegedly reordered their customers’ transactions to maximize the amount of overdraft fees they can charge, and some believe that smaller, regional banks may be engaging in similar practices. If you suspect you have been unfairly charged under your bank’s overdraft protection plan, you may be able to file a claim to seek compensation for these charges. To find out if you are eligible, visit http://www.classaction.org/unfair-overdraft-protection-fees.html for a free evaluation of your unfair overdraft claim.
While Amegy Bank has not been named among the establishments allegedly charging unfair overdraft fees, customers of this bank may have grievances similar to those outlined in lawsuits filed against Bank of America, Wells Fargo and other large banking institutions. According to these lawsuits, the banks would clear their customers’ charges from highest-to-lowest, rather than in the order in which the transactions were made, to quickly drain the account and maximize the number of overdraft fees charged against the customer. The suits alleged that the customers were being charged some overdraft fees when there would have been adequate funds, had the banks not reordered debits against their accounts.
The practice of unfair transaction sorting can best be described with an example. Assume one customer has $35 in their account and makes three debits within the same day in the amounts of $10, $15 and $75, in sequential order. Regardless of the sequence in which these debits were made, the banks would allegedly process the final – and largest – transaction first in the amount of $75, followed by the two smaller debits. This would result in three overdraft charges against the consumer. If the bank did not reorder the debits and processed the charges in the order they were made, the customer would have only been charged one overdraft fee, according to the claims.
Amegy Bank has not been named in the lawsuits making these allegations; however, if you suspect you were wrongfully charged overdraft fees by Amegy Bank or any other small bank, visit ClassAction.org for more information and a free, no obligation case review.
About Class Action.org
Class Action.org is dedicated to protecting consumers and investors in class actions and complex litigation throughout the United States. Class Action.org keeps consumers informed about product alerts, recalls, and emerging litigation and helps them take action against the manufacturers of defective products, drugs, and medical devices. Information about consumer fraud issues and environmental hazards is also available on the site. Visit http://www.classaction.org today for a no cost, no obligation case evaluation and information about your consumer rights.
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