Our attorneys are investigating an overdraft fees lawsuit against Flagstar Bank concerning allegations that the bank charges improperly for overdraft fees.
Flagstar charge you overdrafts?
Those charges may be unlawful. Contact us for a free consultation.
Flagstar Bank Overdraft and NSF Fees
Flagstar Bank, based in Michigan, says that it charges the following fees if your account lacks sufficient funds:
- overdraft fee charge ($36)
- non-sufficient funds (NSF) fee charge ($36).
Flagstar’s disclosure guide for overdraft fees says that the bank will not charge an overdraft or NSF fee for small amounts. Specifically, Flagstar says that it does not charge overdraft fees if what you are trying to charge to your account is $5 or less, or if the transaction would only overdraft your account by $5 or less.
For example, if you have an account balance of $20 and purchase something with your debit card for $23, your account will only be overdrawn by $3, so you should not be assessed an overdraft fee.
Our Overdraft Attorneys
Gibbs Law Group is a California-based law firm committed to protecting the rights of clients nationwide who have been harmed by corporate misconduct. We represent individuals, whistleblowers, employees, and small businesses across the U.S. against the world’s largest corporations. Our award-winning lawyers have achieved landmark recoveries and over a billion dollars for our clients in high-stakes class action and individual cases involving consumer protection, data breach, digital privacy, and federal and California employment lawsuits. Our attorneys have received numerous honors for their work, including “Top Plaintiff Lawyers in California,” “Top Class Action Attorneys Under 40,” “Consumer Protection MVP,” “Best Lawyers in America,” and “Top Cybersecurity/ Privacy Attorneys Under 40.”
Share this on: