Bank of America’s $2.25 million settlement over bank fees charged at ATMs inside 7-Eleven stores means some customers may get paid.
A class-action lawsuit, stemming from a 2019 complaint filed in federal court in Southern California, claimed Bank of America breached its contract with customers by assessing excessive fees. The lawsuit alleges that customers were charged two out-of-network fees for balance inquiry requests, while FCTI, Inc., located in 7-Eleven stores. Only one balance inquiry was made at an ATM owned by .
According to the agreement, customers who may be eligible for the payments used FCTI-owned ATMs within 7-Eleven stores from May 1, 2018, to November 16, 2021. According to the settlement website, Bank of America and the plaintiffs opted for the settlement “to avoid the costs and litigation of ongoing litigation.”
Bank of America denied any wrongdoing in the agreement.
Who is eligible for payment in Bank of America settlement?
Eligible for payment from the settlement are U.S. customers who had Bank of America checking accounts and were assessed more than one out-of-network balance inquiry fee during the same visit to an FCTI-owned ATM located at a 7-Eleven store from May 1, 2018, through November 16, 2021 — and did not receive payment from the claim as a result of an earlier settlement in the Weiss v. FCTI case, which was settled in 2024.
Account holders may have received a notice via email or postcard (or both) about the class action settlement. A final hearing for court approval of the settlement is scheduled for August 21, 2026.
If you’re not sure whether you qualify, you can call (833) 447-8321 or visit the settlement website for more information.
How much money can you get from Bank of America Settlement?
He is uncertain. Members of the settlement class will receive an equal share of the $2.25 million settlement fund. However, the settlement does not list how many people may be eligible for payments, with court records noting that the settlement class is “very high.”
Do you have to file a claim with Bank of America Settlement?
No, current Bank of America account holders who received notice about the settlement do not need to do anything; They will get paid automatically.
Previous Bank of America account holders must file a claim through the settlement website by July 29.
If you want to opt out of the settlement – give up your rights to sue Bank of America – or object to the court’s decision, you must act before July 7. For more information, visit the settlement website.
Mike Snyder is a national trending news reporter for USA TODAY.