Overdraft Fees at TD Bank
Allegations: Misrepresenting when consumers will be charged overdraft fees
Gallant et al. v. TD Bank, N.A.
22-cv-21714, S.D. Fla.
(April 2022)
Gallant et al. v. TB Bank, N.A.
22-cv-5476, D.N.J.
(Sept. 2022)
Zelle money transfers
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, in some cases, Zelle transfers money consumers don’t have in their bank accounts resulting in the banks charging consumers overdraft fees
Gallant case (No. 22-cv-21714): Voluntarily dismissed When a complaint is dismissed without prejudice, an amended version of the complaint can be refiled.
Gallant case (No. 22-cv-5476): Pending
Allegations: Misrepresenting when consumers will be charged overdraft fees
Allegations: Misrepresenting when “Cashed or Deposited Item Returned Fees” will be charged on deposits
Allegations: Failing to disclose that the bank charges multiple fees on a single transaction
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
Allegations: Misrepresenting when consumers will be charged overdraft fees
Allegations: Misrepresenting when customers will be charged overdraft fees
Allegations: Misrepresenting the foreign exchange rates charged to consumers who use cards to pay for transactions in foreign currencies
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…
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…
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…
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…
Fine print deletes the cash right before your eyes.