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The United States Federal Trade Commission (FTC) believes that consumers spend " tens of billions of dollars "annually on hidden charges and false costs. Mysterious charges are often called junk food and can come in the form of late penalties, inactivity costs, ATM costs out of network, overdraft costs and money transfer costs. But JPMorgan Chase customers sound the alarm of another type of fee that could have an impact on your faultless finances on your part.

In relation: Bank of America warns against a massive data violation affecting 57,000 customers .

In a collective appeal project filed on February 20, five Chase clients accused the financial institution of withdrawing "unjustly" $ 12 from their accounts under the cover of "costs of delivery of the articles deposited", after the checks they wanted to deposit without knowing it, as an article, as Forbes reported.

According to the Personal Banking of Chase, the banks are required By law to erase the $ 225 from a personal check by the next working day. However, the process can be delayed if additional verification steps are necessary. In the scenario of a rebounded check, the reason usually lies with the person who cut the check.

Current examples of the reason why a bounce check may vary from there to be insufficient funds in their account to an illegible check to a check linked to a closed or frozen account, by Time . Sometimes it is as simple as noting the wrong routing, the account or the check number as well.

People affected by the costs of return to the use of Chase de Chase maintain that when a payment bounces due to one of the above all reasons, it should not fall on the shoulders of the recipient. Instead, it should be on the benefactor to do things correctly.

In the pursuit, customers obtained the jargon from a consumer financial protection office in October 2022 bulletin , in which "waste costs for unexpected or unwanted services" have been labeled as "illegal".

In addition, they said that Chase's "junk food costs" for the rebounded controls were "inadmissible" and "predators".

"By invoicing these costs to return articles deposited, Chase has unjustly targeted his customers with financial penalties for defective checks, customers have not had hand in the show," said the complaint, in accordance Forbes . "They didn't hurt anything, but were penalized."

Applying such costs is "a practice of the persuasive and unfair industry", their lawyer Lisa Considine declared.

A spokesperson for JPMorgan Chase refused to comment, except to note that the bank ceased to invoice the costs of $ 12 in December 2022 AE0FCC31AE342FD3A1346EBB1F342FCB

Those of the trial claim to have been charged with the costs hidden between November 2021 and October 2022, before the dissolution of the costs.

Customers are looking for at least $ 5 million in damages for Chase customers nationally.