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.
