Doable Lawsuit, Sterling Financial institution and Others Charging Excessive Overdraft Charges

HUGE Amex Platinum 100Okay Bonus Returns – Test now to see if you’re focused.

By no means miss out on the most recent information & offers! Be a part of over 7,000 folks subscribed to our every day e-newsletter and be part of the quickly rising MtM Fb neighborhood!

High Overdraft Fees lawsuit

Doable Lawsuit, Sterling Financial institution and Others Charging Excessive Overdraft Charges

Overdraft charges are huge enterprise for banks. Class motion attorneys are taking a better have a look at overdraft practices at Sterling Financial institution and different monetary establishments.

Overdrafting a checking account occur when a transaction exceeds the out there steadiness within the account. When this occurs, the financial institution can deny the transaction or permits the transactions to undergo because of overdraft safety. That’s performed by advancing funds or shifting cash from one other account for a payment.

These charges are normally a hard and fast quantity of $35, however could fluctuate by financial institution. And it’s not all the time clear for some clients on whether or not they’re signed up for overdraft safety or not.

The overdraft practices of Sterling Financial institution and different establishments are underneath investigation by attorneys. Customers of Astoria Financial institution can also be affected, because the financial institution was acquired by Sterling Financial institution in October 2017. Astoria Financial institution shoppers could have been affected by excessive overdraft charges earlier than the monetary establishment was acquired by Sterling Financial institution.

TopClassAction reviews that you’ll have a authorized declare in case your have been charged extreme overdraft charges by certainly one of these banks or credit score unions:

  • Alliant Credit score Union
  • Astoria Financial institution
  • BECU (Boeing Workers Credit score Union)
  • Nationwide
  • Pacific Western
  • State Workers Federal Credit score Union (SEFCU – New York)
  • Sterling Financial institution


The easiest way to keep away from these charges is to decide out of overdraft safety, or simply test your account steadiness repeatedly. Have you ever handled any of those banks and particularly their overdraft companies? Tell us!

This publish could comprise referral, affiliate or sponsor hyperlinks that present Miles to Recollections compensation. Thanks on your help.

The responses under will not be supplied or commissioned by the financial institution advertiser. Responses haven’t been reviewed, accredited or in any other case endorsed bu the financial institution advertiser. It isn’t the financial institution advertiser’s duty to make sure all posts and/or questions are answered.