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    CHASE BANK PROTEST MARCH TO THE SANTA MONICA SEA, THEN SEE JOAN IN CONCERT, FREE! THURSDAY, JULY 9

    CHASE BANK PROTEST MARCH TO THE SANTA MONICA SEA, THEN SEE JOAN IN CONCERT, FREE!  THURSDAY, JULY 9
    DO YOU HAVE A DAILY-PROTEST.com or BLOGGERS AGAINST CHASE BANK.com SIGN? THEN MARCH to the FREE JOAN BAEZ CONCERT at the SANTA MONICA PIER!
    JOAN BAEZ DOES NOT KNOW WHO WE ARE AND THEREFORE IS NOT ENDORSING THE CHASE BANK PROTEST MARCH, BUT, WHAT FAMOUS CELEBRITY IS?

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    Sunday, February 5, 2012

    Chase Bank pays out 110 million dollars over allegations of maximizing overdraft fees by manipulating the order of transactions.

    Chase Bank is going to pay 110 million dollars to settle a class action lawsuit (while not admitting fault) in which multiple debit card transactions that came in the same day or weekend that resulted in the customer having insufficient funds, were paid out by Chase Bank in a manner that maximized overdraft fees.

    I find this kind of comical because I recall Wells Fargo doing this back in the mid 90's. I further recall Wells Fargo rationale was that if they paid from smallest to highest to lower the total number of overdrafts, that a customer might complain because the most expensive bill should have been paid first because it was most likely a more important bill.

    I just find it amazing that over 15 years later and its the same old, same old.  wow.





    Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

    4 comments:

    National Help Center Law Group said...

    Thanks for sharing this great content, I really enjoyed the insign you bring to the topic, awesome stuff!

    Anonymous said...

    I dont understand whats the big deal on overdraft fees. Dont use money you dont have and you wont get any over draft fees.

    Alessandro Machi said...

    Banks are ok with overdraft fees, consumers are somewhat ok with overdraft fees. However, when a bank can take an overdraft situation and manipulate the amount of fees that have to be paid, that's when consumers get mad.

    Example. A customer has 200 dollars in their account. Beginning Friday night, they make purchases of 40 dollars, 30 dollars 15 dollars, 25 dollars, 50 dollars, and 35 dollars, for a total of 195 dollars over the weekend.

    Sunday night late they decided to get some gasoline so they don't have to stop off on the way to work. They purchase 25 dollars worth of gasoline, for a total of 220 dollars, or, 20 dollars over their overdraft limit. In the past, the banks could back penalize EVERY transaction made over the weekend with an overdraft fee, AND, the overdraft fees per affected transaction would increase as the number of penalties grew.

    So, that final 25 dollar gasoline purchase could retroactively result in overdraft fees for each and every transaction made that weekend. That final 25 dollar purchase could result in over 200 dollars in overdraft fees.

    If however, if it were only the last purchase that was penalized, a more reasonable 10 to 20 dollar overdraft penalty would result.

    Anonymous said...

    I had thousands coming and the check I received today (05/17/2013) is a joke; the walloping total chase calculated is a rediculus $39.07.

    Signed,
    Sad puppy

     

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