In July 2020, a class-action lawsuit
was filed against Glens Falls National Bank for allegedly misleadingly representing that it charges overdraft and non-sufficient funds fees if an account does not have enough money to cover a transaction when, according to plaintiffs, the bank charges such fees on transactions that do not actually overdraw an account. The complaint also claims that the bank misleadingly represents that it charges one overdraft fee on a transaction when, according to plaintiffs, the bank charges another fee every time a transaction is reprocessed for payment resulting in multiple fees on a single transaction. (Richard et al v. Glens Falls National Bank
, Case No. 20-cv-734, N.D.N.Y.)
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