Lawsuit: Wachovia’s overdraft overreaching

This is the third of these class actions filed against large retail banks.  First, I posted about Bank of America and last month it was Wells Fargo and now its Wachovia.   Basically, its concerns how the bank debits a customers account.  According to this complaint, Wachovia debits larger amounts first even if the larger amounts occurred after the smaller amounts.  The claim is that this is a way the bank manipulates its account so that it can charge over-draft fees.

I’ll interested to see how the courts respond to these lawsuits.  I’m betting they will say tough luck customers but I hope I’m wrong.

Complaint courtesy Courthousenews