US Bank, NA Overdraft Fees Litigation

US Bank, NA Overdraft Fees Litigation

Chimicles Schwartz Kriner & Donaldson-Smith LLP (CSK&D) has filed a putative class action lawsuit against US Bank, NA (“US Bank”) in the United States District Court for the District of Oregon. The complaint alleges that US Bank has a systematic practice of re-ordering electronic debit transactions from the highest dollar amount to the lowest dollar amount for the purpose of maximizing the amount of overdraft charges assessed by the bank. According to the complaint, this systematic re-ordering of these debit transactions has no relation to the date or time that the transactions were actually initiated by the customer. As a result, US Bank is able to charge overdraft fees for multiple transactions even though the customer has sufficient funds to cover one or more of the transactions, according to the complaint. The complaint also alleges that US Bank fails to assist customers in avoiding overdraft fees by allowing these debit card transactions to be processed, and by not notifying customers of transactions that will result in the assessment of an overdraft charge.

The complaint filed by CSK&D seeks to represent a class of consumers who have been charged multiple overdraft fees as a result of US Bank’s alleged practice of re-ordering the debit transactions in a non-chronological order from the highest amounts to the lowest amounts. The complaint asserts claims for violations of the Oregon Unlawful Trade Practices Act, breach of contract, unjust enrichment, and conversion. A copy of the complaint can be accessed by clicking below.

If you have been charged overdraft fees by US Bank for debit transactions in this manner, please use the “Email us about this Case” button to submit your information.

(*) Indicates required field: When communicating with us through this site or otherwise in connection with a matter for which we do not already represent you, your communication may not be treated as privileged or confidential, and does not create an attorney-client relationship between you and our Firm.

Attorneys for this case:

Benjamin F. Johns
Kimberly M. Donaldson-Smith
Timothy N. Mathews