Under Investigation: -OVERDRAFT FEES- Eastern Bank, Middlesex Savings, Rockland Trust, Salem Five
ANNOUNCEMENT: You may have heard of (or been affected by) overdraft fees at Citizens Bank or Bank of America, and the class action lawsuits and settlements related to those overdraft fees.
There are four Massachusetts state-chartered banks which may have engaged in similar unfair practices related to overdraft fees. They are: (1) Middlesex Savings Bank; (2) Rockland Trust; (3) Salem Five; (4) Eastern Bank. Whenever bank transactions are re-ordered from highest to lowest to put customers into a negative balance – thereby causing a domino effect of overdraft fees, banking customers have been injured. This is especially true if you used a debit card for multiple purchases over a period of several days without realizing you had a negative balance.
If you have been a customer of any of the banks listed below, and you have paid overdraft fees, you are encouraged to contact us at (617)329-1295.
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Bank Watch List:
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Salem Five: “If you banked here, you’d be smiling by now”
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Middlesex Savings Bank – Massachusetts
Rockland Trust Company – Massachusetts
Salem Five Bank – Massachusetts
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- Eastern Bank launches ad campaign with new slogan (bizjournals.com)
- Adam Levin: Since When Did Megabanks Become Your Evil Step-Mother? (huffingtonpost.com)
- Susquehanna latest bank to settle excessive overdraft fees litigation (bizjournals.com)
- The $32 Billion Bank Heist You’re Paying For (fool.com)
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