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Bank Of Hawaii Settles Suit For $9M On Improper Overdraft Fees

Friday, July 22, 2011 - 10:42 AMBank of Hawaii - Details
From Honolulu Star-Advertiser
Every Bank of Hawaii customer with a debit card who had more than one overdraft fee in a day during the past five years will be able to share in a $9 million class-action lawsuit settlement.

The state's second-largest bank said Monday it reached a tentative settlement arising from claims that the bank improperly charged overdraft fees on debit card transactions. Bank of Hawaii said the proceeds would be put into a settlement fund that will be used to refund customers and pay attorneys' fees, administrative and other costs in exchange for a complete release of all claims against the company.

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