The Allegation As a matter of fact, customers have sued Wells Fargo for charging improper overdraft fees. The company was charged of having manipulated transaction entries to generate greater overdraft fees. Transactions were re-sequenced by the bank so that the largest withdrawals were deducted first instead of being cleared in the order in which they were received. As a result, customers' balances dwindled faster, resulting in a larger number of 'overdrawn' transactions, each of which then became chargeable. Moreover, as a result of such practices, funds were overdrawn several times a day in small amounts. In addition to Wells Fargo, over 30 banks have been sued on similar grounds. Notably, Bank of America Corp. ( BAC ) and JPMorgan Chase & Co. ( JPM ) have consented to paying millions to settle such claims in the past few quarters. Thus Wells Fargo's fate relating to this litigation will be closely followed. Notable, the suit against the other banks are still unsettled in the Miami federal court.