Investors Bank Overdraft Fees Lawsuit
On March 23, 2021, Gibbs Law Group filed a class action lawsuit against Investors Bank for allegedly charging excessive overdraft and insufficient funds (NSF) fees.
Right now, the lawsuit only relates to overdraft and insufficient funds (NSF) fees. But some people reportedly experience related issues from Investors Bank, including improper intra-bank transfer fees or foreign transaction fees. If you believe that you may have incurred any of these fees, please reach out to our attorneys and we will review your potential claim.
Investors Bank charge you overdraft fees?
The fees may have been illegal. Talk to one of our attorneys for a free consultation.
Investors Bank Overdraft and NSF Fees
Investors Bank, which operates in New Jersey and New York, says it charges the following overdraft fees:
- Overdraft fee of $30 for personal checking accounts and $35 for business accounts
Investors Bank says that by default, it charges this fee only for overdrafts incurred by checks, ACH or recurring online bill payments. Investors Bank says it also charges this fee for ATM and debit card transactions if customers choose opt-in overdraft service.
Customers may also sign up for “Sweep Protection,” which automatically transfers funds from a savings account to a checking account to cover charges, but this also incurs fees.
Our Overdraft Fee Attorneys
Dylan concentrates his practice on investigating and prosecuting fraud matters on behalf of whistleblowers, consumers, and employees.View full profile
David represents consumers in data breach, privacy, and financial services litigation. He has prosecuted some of the largest privacy cases nationwide.View full profile
Aaron represents consumers, employees, and whistleblowers in class actions and other complex litigation.View full profile
Tayler works with consumers in class action lawsuits and mass arbitration to combat unfair business practices by corporations.View full profile