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Consumer Protection Investigations:

Carlson Lynch is currently investigating various consumer complaints of fraud and deception. If you believe you have been the victim of any of the following unlawful or deceptive practices please contact us for a free, confidential case evaluation.

Overdraft Fees

  • Some banks have been “resequencing” or “reordering” your charges in order to maximize penalty charges against your account. Here is an example of “resequencing:” Let’s say you have $150.00 in your checking account. However, you forgot you had an automatic withdrawal at the end of the month for $50.00, so you really have only $100.00 available. You use your debit card three times to buy things that cost $10.00, $15.00, and $5.00, and then you write a check for $110.00. The bank holds all four transactions, and then processes them together. The bank could pay the $10.00, $15.00, and $5.00 transactions first, and “bounce” the $110.00 check last, resulting in penalty costs to you of (typically) $35.00. But instead, the bank “resequences” or “reorders” the transactions so it process the large check first, which overdraws the account, then processes the other charges, so there are four overdraft fees, for a total of $140.00 in penalties.
  • Attorneys at Carlson Lynch are currently investigating claims against banks that maximize overdraft charges against their customers by resequencing. If you have been charged an overdraft fee in the last four years for a check or debit card charge that went over your balance, you may be entitled to compensation, especially if you have had multiple overdraft charges in the same day or over a weekend or holiday. We would welcome the opportunity to review your claim and to answer any questions you may have – at no cost or obligation to you.