Simmons Bank’s Fees

In May 2019, a class-action lawsuit was filed against Simmons Bank for allegedly misleadingly representing that the bank charges only one fee on a single transaction when, according to plaintiffs, the bank routinely charges multiple fees on a single transaction. In addition, the complaint claims that the bank misleadingly represents that consumers will either be charged an insufficient funds fee or an overdraft fee when, according to the plaintiffs, the bank charges both types of fees on a single transaction. Plaintiffs also claim that the bank charges three out-of-network fees when consumers make a withdrawal from an out-of-network ATM after performing a balance inquiry. (Tannehill et al v. Simmons Bank, Case No. 19-cv-140, E. D. AR.)

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