Bank of Hawaii settles overdraft fee class action lawsuit

Posted on: August 10th, 2011 by Steve Larson

A $9 million class action settlement has been reached in a class action lawsuit against Bank of Hawaii.  The complaint alleged that Bank of Hawaii improperly charged overdraft fees on debit card transactions by re-ordering debit card transactions from highest dollar amount to lowest dollar amount to maximize overdraft fees.

It appears that some of the banks are now willing to settle these cases and put these bad practices behind them.