TD Bank’s Marketing of Zelle Money Transfers
Allegations: Misleadingly marketing Zelle as a fast and “free” way to send money and as a service that “won’t cost you any extra money for the transaction” without disclosing that,…
TD Bank’s Debit Card Transactions
January 2020: A federal judge granted final approval of a settlement agreement that would provide class members with monetary compensation. In addition, the bank agreed to forgive or reduce the amount of outstanding balances on class members’ closed accounts. For more information, go to https://www.tdbankoverdraftclassaction.com/.
April 2018: This case was transferred to a court in South Carolina to be heard with other similar cases in a multidistrict litigation, In re TD Bank, N.A., Debit Card Overdraft Fee Litigation (Case No. 15-mn-2613, D. SC.; MDL No. 2613). To read the Consolidated Class Action Complaint in the multidistrict litigation, click here.
December 2017: A class-action lawsuit was filed against TD Bank for allegedly misleadingly representing that the bank will decline non-recurring debit card transactions for customers who do not opt into its Debit Card Advance Program and will not charge them overdraft fees on such transactions when, according to the plaintiffs, the bank does not decline non-recurring transactions for ride-sharing apps – including Uber and Lyft – and charges customers overdraft fees on such transactions. (Lawrence et al v. TD Bank, N.A., Case No. 18-cv-982, D.N.J.)
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Class-Action Tracker
Non-sufficient Funds Fees at TD Bank
Allegations: Failing to disclose that the bank charges multiple fees on a single transaction
Zelle Money Transfers at TD Bank
Allegations: Falsely marketing Zelle money transfers as safe and secure without disclosing that there is no protection for victims of fraud and no recourse for reimbursement of lost funds
TD Bank’s Overdraft Fees
Allegations: Misrepresenting when consumers will be charged overdraft fees
Overdraft Fees at TD Bank
Allegations: Misrepresenting when customers will be charged overdraft fees
Foreign Exchange Rates for TD Bank Visa Cards
Allegations: Misrepresenting the foreign exchange rates charged to consumers who use cards to pay for transactions in foreign currencies
Overdraft Fees at TD Bank
Allegations: Misrepresenting when consumers will be charged overdraft fees
TD Bank’s Secured Credit Cards
Allegations: Falsely representing that customers who keep their secured credit cards in good standing for seven months can graduate to an unsecured credit card, which would let them control the…
TD Bank’s Fees at ATMs
In May 2020, a class-action lawsuit was filed against TD Bank for allegedly failing to disclose that the bank charges customers fees for using an ATM that is not owned…
TD Bank’s Debit Card Transactions
In December 2017, a class-action lawsuit was filed against TD Bank for allegedly misleadingly promising customers who do not opt into its Debit Card Advance program that the bank will…
The Latest
TD Bank’s $300 Gift
Fine print deletes the cash right before your eyes.