Are you a Chase bank account holder? Do you know about the Chase Overdraft Fee Class Action Lawsuit Settlement? J.P. Morgan Chase charged debit cards overdraft fees to its deposit accounts by managing the posting order of the transactions. The bank charged the fees by allowing its customers for the purchase to go through in place of refusing the transactions when there were not sufficient funds to cover it. Chase also charged extra overdraft fees by processing the transactions in the order of the highest to the lowest instead in the order that they were conducted. So, the Chase Overdraft Fee Class Action Lawsuit Settlement has been taken in In re: Checking Account Overdraft Litigation and J.P. Morgan Chase have decided to pay a $100 million settlement to its credit card customers.
