Fees at HSBC Bank

In November 2019, a class-action lawsuit was filed against HSBC Bank for allegedly misleadingly promising that it charges customers only one insufficient funds fee on a single transaction if an account does not have enough funds to cover a transaction when, according to plaintiffs, the bank routine charges multiple insufficient funds fees on the same transaction. (Chambers et al v. HSBC Bank USA, N.A., Case No. 19-cv-10436, S. D. NY.)

For more of TINA.org’s coverage of banks, click here.