We are investigating an overdraft fees lawsuit 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
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.”
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