McCune Wright Arevalo, LLP, Is Investigating Potentially Illegal and Unfair ATM Fees Collected by TD Bank

McCune Wright Arevalo is investigating the ATM fees assessed by TD Bank from transactions at an ATM not owned by TD Bank. The investigation is to determine whether TD Bank has collected unfair or illegal ATM fees as discussed below, and whether there should be a class action to recover these fees.


Certain Financial Institutions Are Charging Customers Unfair or Illegal Fees When Using an ATM Not Owned by the Bank or Credit Union

Some financial institutions have been collecting unfair ATM fees from customers. These institutions—banks and, especially, credit unions—used to earn money by issuing loans to customers and collecting interest on the loans. But, as interest rates went lower and lower, the banks and credit unions turned to fees, such as ATM fees, as a profit center. These fees are issued when banks or credit union customers use their debit card at out-of-network (OON) ATM’s, and are in violation of the bank or credit union’s Fee Schedule and Electronic Fund Transfers Agreement and Disclosure (EFTAAD).


When are Fees Charged When Using an OON ATM?

When customers use their ATM or Debit Card at an OON ATM, they may be charged for each cash withdrawal, funds transfer, or balance inquiry. but often this fee is not disclosed to the customer at the ATM. The only fee disclosed at the ATM is the ATM owner bank’s fee. This practice is fundamentally unfair and is not allowed or authorized by many bank account agreements. 


How Do I Determine I Have Received One of These Charges?

In the monthly statements, there will likely be a charge that will look like this:

Excessive ATM Fees on a Bank Statement

The best way to determine if you have been the victim of illegal or unfair ATM Fees is to contact McCune Wright Arevalo, LLP, at (800) 391-4233 and have one of their financial services class action specialists review your statements or transaction history to see if you have been the victim of an illegal or unfair ATM fees.

Is There Any Cost or Risk in Contacting McCune Wright Arevalo, LLP?

Absolutely not. The financial services class action specialist will review your transactions and advise you if you have a case. If you do have a potential class action case, and decide to go forward with a lawsuit, it will be on a contingency basis where attorney fees and costs are only paid if the lawyers win, and then the attorney fees and costs are awarded by the Court and paid out of any recovery made in the case.

Why McCune Wright Arevalo, LLP is the Right Firm for Your ATM Fee Class Action Lawsuit

For almost 15 years, Richard McCune and McCune Wright Arevalo, LLP, have been the leaders in the Country in class action overdraft litigation against banks and credit unions for unfair and illegal fee practices. They have helped customers of banks and credit unions collect more than $1 billion in settlements and verdicts, including being co-trial counsel in a $203 million verdict against Wells Fargo. They have been counsel in more than 50 class action overdraft cases filed in over 20 states. They have a long track history of success and have a financial services class action team that is dedicated to holding banks and credit unions responsible for unfair and illegal practices.

What Is the Best Way to Contact McCune Wright Arevalo?

The best way to contact McCune Wright Arevalo is to fill out the form and a financial services class action specialist will contact you right back. We will send you a text prior to calling so you’re aware it is us calling. But if you would rather call us instead of filling out the form, please call (800) 391-4233.


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