Do you use your ATM card at another bankÔŅĹs machine? If so, you may be part of a class action lawsuit that seeks millions of dollars in restitution. The suit alleges that these banks are breaking the law by not disclosing ATM fees out in the open.
ATM's are at just about every corner. When consumers need cash fast, ATMÔŅĹs are the most convenient way to get it but using your ATM card at another banks' machine will cost you that's not new news, but what many consumers don't realize is that some banks may be breaking the law by not disclosing fees outside of each ATM machine. Although all do display it on their computer screen during the transaction, that may not be enough.
Today Attorney Chris Lefebvre filed 4 separate class action lawsuits against Bank of America, Citizens, Sovereign and Pawtucket Credit Union. The suits allege that the banks don't comply with federal law that mandates banks post the fees in a "prominent and conspicuous" location.
Call 12 for Action contacted each bank for a comment about the lawsuit, Citizens and Sovereign declined because they haven't been officially served Bank of America officials tell us they're confident their fee notices comply with the law and as far as Pawtucket Credit Unions lack of any notice??? Well, not even 3 hours after we shot this video at one of their ATM machines. We went back and found a brand new fee notice prominently displayed.
But after this lawsuit it just may be an official from the Pawtucket Credit Union says in response to our call, they did check their machines to make sure they are all in compliance.