Report Fraud About Us What We Do

Dollar Bank Overdraft Fees Class Action Lawsuit - Illegally Charging $36 Overdraft To Unaware Customers

Consumer Class Actions

Dollar Bank Overdraft Fees Class Action Lawsuit – Illegally Charging $36 Overdraft To Unaware Customers?

Dollar Bank Illegally Collected Millions Of Overdraft Fees From Unknowing Clients 

Dollar Bank is involved in a recently filed nationwide class action lawsuit alleging that they illegally charged their banking clients overdraft fees even when their accounts’ balances were never overdrawn in the first place. 

What Is The Dollar Bank Overdraft Fees Class Action 

Click to access The-Columbian-Spot-LLC-et-al.-v.-Dollar-Bank.pdf

The Dollar Bank Overdraft Fees Class Action Lawsuit is a case filed by plaintiff The Columbian Spot against Dollar Bank. Filed in a Pennsylvania court, the Keystone State-based company The Columbian Spot argues that Dollar Bank owes millions of dollars to their customers whose bank accounts got charged with impermissible overdraft fees. 

But how did Dollar Bank did their purportedly illegal scheme? 

The complainant shares that the bank used the banking practice called APPSNT or ‘Authorize Positive, Purportedly Settle Negative Transactions.’

The class action continues that with APPSNT, Dollar Bank debit card transactions that do not go beyond the allowable overdraft charge limit pushes through. The bank facilitating the transfer ends up taking the transaction amount and keeps it, and the new balance is updated right away. 

Days after the transaction and the funds are released, it is always most likely that the debit cardholder has enough funds that are way beyond the set amount that would kick off an overdraft fee of $36. 

Yet, according to the class action filing, Dollar Bank is breaking the law by continuing to charge customers $36 as overdraft fees, even when the debit card accounts have enough balance. 

Furthermore, it is said that Dollar Bank tricks their clients in their scheme and engages in misrepresentation of transaction data reflected on the accountholder’s bank statement. 

Further Information Regarding The Case

The Dollar Bank Overdraft Fees Class Action Lawsuit is taking Dollar Bank to court for different charges ranging from violating Pennsylvania laws to breach of contract with their banking clients. 

A Nationwide Class group is being proposed along with a separate Pennsylvania Subclass. As of writing, the court is yet to approve the certification of the said classes. 

The class action contends that millions of dollars were illegally siphoned out of Dollar Bank’s customers’ pockets. 

Consider The Consumer will continue to report on this case and other banks that are facing litigation concerning their alleged engagement in illegal overdraft bank charging on patrons’ accounts, and settlements such as the Bank of America Overdraft Settlement With Plaintiff Morris.

About Dollar Bank

Dollar Bank is a regional banking and financial institution offering full-service banking to clients located in the states of Pennsylvania, Virginia, and Ohio. Established in 1855, the bank is said to have accumulated a total of $11.5 billion in assets as of the year 2020. James McQuade heads the company as its CEO. 

Editor’s Note on Dollar Bank Overdraft Fees Class Action Lawsuit: 

This report aims to provide you information regarding the latest class action brought against Dollar Bank by a business accusing the latter of passing on impermissible overdraft fees to customers to reap millions of dollars. 

Case Name(s) & No.(s): The Columbian Spot, LLC et al. v. Dollar Bank; Case No.: 2:21-cv-01171-DSC

Jurisdiction: United States (U.S.) District Court for the Western District of Pennsylvania 

Products/Services Involved: Dollar Bank’s overdraft charges on debit card transactions 

Allegation(s): Dollar Bank illegally charges $36 overdraft fees 

What are your thoughts on this piece? Please send us a message by clicking the ‘Contact Us’ button below! We’d love to hear back from you.

Contact Us

You can also reach out to us on Twitter or Facebook or via email at Also, directly on our website! We look forward to hearing from you.

Interested in posts like these? Stay up to date with our newsletter!

No thoughts on “Dollar Bank Overdraft Fees Class Action Lawsuit – Illegally Charging $36 Overdraft To Unaware Customers?” yet. Be the first to speak your mind!

Leave a Reply