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Wells Fargo Cheats Customers On Overdrafts Tied to “Available Balance,” Says Class Action

SAN FRANCISCO (CN) - Wells Fargo Bank illegally charges accountholders who use ATM machines for overdrafts though they have sufficient funds in their accounts to cover the transactions, according to a federal class-action lawsuit. Plaintiffs claim the bank facilitates this cheating by providing them with inaccurate "available balance" statements. See complaint.

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