Pentagon Federal Credit Union overdraft fees have become the subject of disdain for customers. Credit unions have come under intense scrutiny after customers have reported experiences with unreasonable overdraft fees and overdraft protection.
Pentagon Federal Credit Union is one of the credit unions in the country which has fallen under suspicion for overdraft practices. Overdraft fees are incurred when banks or credit unions have to transfer money from a secondary account to the customer’s primary one due to insufficient funds.
Overdraft practices were developed to help consumers pay for small purchases like groceries after their account lapses. Even though overdraft fees were originally small, many credit unions charge fees that some say are unfair.
Overview of Pentagon Federal Credit Union Overdraft Fees
Even though banks and credit unions offer a number of different ways to pay off overdraft fees, customers complain that they accumulate quickly and become financial burdens.
Customers who incur Pentagon Federal Credit Union overdraft fees also have several options with the credit union offering them a line of credit in the amount of money that is overdrawn instead of a fixed fee. On average, overdraft fees can range between $5 to $30 depending on the situation.
This line of credit can go up to $500, which is automatically given to qualified members and also takes the place of uncollected funds fees. It is important to note that Pentagon Federal Credit Union is the nation’s third largest federal credit union and primarily serves members of the military and government employees.
Pentagon Credit Union does not have automatic overdraft protection, so customers can pay an overdraft fee of $30 or an uncollected fund fee of $10. Qualified members can enroll in overdraft protection which is the $500 line of extended credit from the financial institution.
In addition, Pentagon Federal Credit Union offers a “money saving feature” for members who are in active service in the United States uniformed services. This program is called the Warriors Advantage, waives fees for the credit union’s checking accounts in case of Pentagon Federal Credit Union overdraft fees or uncollected fund fees.
This protection lasts for up to two occurrences in a rolling three month time span. If three or more instances occur during the three month period, members must have no other incidents of Pentagon Federal Credit Union overdraft fees in order to re-qualify for the waiver.
Even though Pentagon Federal Credit Union has flexible options for overdraft protection, members are still feeling the sting of these fees. Beginning Aug. 15, 2010, financial institutions have been prohibited from enrolling consumers in overdraft protection without their consent.
Even with this regulation, customers still complain of being charged unreasonable overdraft fees.
Do YOU have a legal claim? Fill out the form on this page now for a free, immediate, and confidential case evaluation. Some of the banks and credit unions being investigated include, but are not limited to:
- HSBC Bank
- UMB Bank
- State Employees Credit Union
- Pentagon Federal Credit Union
- Boeing Employees Credit Union
- Alliant Credit Union
- Star One Credit Union
- First Technology Federal Credit Union
- America First Credit Union
- American Airlines Federal Credit Union
- Alaska USA Federal Credit Union
- Vystar Credit Union
- Citizens Equity First Credit Union
- Teachers Federal Credit Union
- ESL Federal Credit Union
- Patelco Credit Union
- DFCU Financial Credit Union
The attorneys who work with Top Class Actions will contact you if you qualify to let you know if an individual lawsuit or class action lawsuit is best for you. Hurry — statutes of limitations may apply.
ATTORNEY ADVERTISING
Top Class Actions is a Proud Member of the American Bar Association
LEGAL INFORMATION IS NOT LEGAL ADVICE
Top Class Actions Legal Statement
©2008 – 2025 Top Class Actions® LLC
Various Trademarks held by their respective owners
This website is not intended for viewing or usage by European Union citizens.
Get Help – It’s Free
Join a Free Bank & Credit Union Overdraft Fee Class Action Lawsuit Investigation
If your bank and credit union has engaged in deceptive overdraft fee practices, you may have a legal claim. Fill out the form on this page now to find out if you qualify!
An attorney will contact you if you qualify to discuss the details of your potential case.
In order to properly investigate overdraft fee claims, you may be required to disclose bank statements to overdraft fee attorneys. Please note that any such information will be kept private and confidential.
ATTORNEY ADVERTISING
The choice of a lawyer is an important decision and should not be based solely on advertisements.
E-mail any problems with this form to [email protected]
PAID ATTORNEY ADVERTISEMENT: THIS WEB PAGE IS AN ADVERTISEMENT AND THE PARTICIPATING ATTORNEY(S) ARE INCLUDED BECAUSE THEY PAY AN ADVERTISING FEE. The attorney in charge of this advertisement is T.Kick. It is not a lawyer referral service or prepaid legal services plan. Top Class Actions is not a law firm. Top Class Actions does not endorse or recommend any lawyer or law firm who participates in the network, nor does it analyze a person’s legal situation when determining which participating lawyers receive a person’s inquiry. It does not make any representation and has not made any judgment as to the qualifications, expertise or credentials of any participating lawyer. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers. The information contained herein is not legal advice. Any information you submit to Top Class Actions does not create an attorney-client relationship and may not be protected by attorney-client privilege. Do not use the form to submit confidential, time-sensitive, or privileged information. All photos are of models and do not depict clients. All case evaluations are performed by participating attorneys.
