Umpqua Bank Overdraft Fees Lawsuit Investigation
We are pursuing an overdraft fees lawsuit investigation over whether Umpqua Bank is charging overdraft or insufficient-funds fees in an unlawful manner.
Charged overdrafts by Umpqua?
You may be owed reimbursement. Contact us for a free consultation.
Umpqua Bank Overdraft and NSF Fees
According to its fee schedule, Umpqua Bank charges at least 3 different types of fees if the account is overdrawn:
- overdraft fee ($35)
- insufficient funds or “NSF” fee ($35)
- overdraft transfer fee ($10)
Umpqua Bank says that the main difference between an overdraft fee and NSF fee is: an overdraft fee is charged when the account is overdrawn and Umpqua still chooses to pay the transaction. An NSF fee — also known as a “returned item” fee — will be charged if the account is overdrawn and Umpqua chooses not to pay for the transaction.
An overdraft transfer fee occurs when an Umpqua customer tries to transfer fees from one Umpqua account to another, but there are insufficient funds.
Umpqua says it will not charge an overdraft fee if the account is “overdrawn by $5.00 or less.”
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