Posting Charges Before Deposits

Another less frequently mentioned method banks have been known to use to create additional overdraft fees is the posting time of deposits. Typically, a bank will post deposits the same day as long as they are made before a certain hour (normally 2 p.m. on weekdays). However, many banks have been found to have posted an entire day's charges prior to a deposit made the same day, allowing the account to become overdrawn and an overdraft fee assessed.

This process of posting charges before deposits has resulted in numerous unfair overdraft fees to be charged. A Louisville class action lawyer can assess your banking history and help discover these instances which may qualify you to participate in a class action lawsuit against your bank.

Who may be a victim of unfair overdraft fees?

It is estimated that more than 50 million Americans are charged overdraft fees every year. Unfortunately, more than 90% of the banking customers that incur overdraft fees are among the most financially disadvantaged. This is a result of the fact that overdraft fees occur when your bank balance is insufficient, which is a condition of many low-income individuals.

Anyone who uses a checking account connected to a debit card is potentially at risk for overdraft fees. Also, anyone who has used a debit card and incurred multiple overdraft fees in a single day may potentially have cause to participate in a class action lawsuit against their bank. A Louisville class action lawyer can investigate your claim and determine if there is an open case against your bank in which you would be eligible to become a plaintiff.

You will need to provide your banking information and show proof that you used your debit card during the timeframe of the class action lawsuit, and that you incurred multiple overdraft fees that would not have been as frequent if the debit charges were recorded in proper time order.

Contacting a Louisville Class Action Lawyer

If you have been wronged by a large financial institution, you need to have a strong advocate in your corner. A Louisville class action lawyer can help you join a current class action lawsuit, or help establish a new claim on your behalf.  As your attorneys, Gray and White Law will use their knowledge of class action litigation to build your case, no matter the size or scope. 

Their experienced team of class actions attorneys will fight for the compensation you deserve by seeking out others who have been similarly victimized. Contact us today to schedule an evaluation of your case - 1-888-450-4456.

Matthew L. White
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Founder & Partner of Louisville Personal Injury Law Firm Gray & White Law