Bank of America agrees to $2.25 million settlement in ATM fee lawsuit
Bank of America will pay $2.25 million to settle a class-action lawsuit over excessive ATM fees charged at 7-Eleven stores.Summary
Bank of America has agreed to a $2.25 million settlement to resolve a class-action lawsuit alleging the bank charged excessive fees for balance inquiries at ATMs located inside 7-Eleven stores. The lawsuit, filed in 2019, claimed that customers were charged two out-of-network fees when only a single balance inquiry was made. The settlement covers U.S. customers who held Bank of America checking accounts and were assessed more than one out-of-network fee at an FCTI-owned ATM within a 7-Eleven store between May 1, 2018, and November 16, 2021, and did not receive a payout from an earlier settlement. Bank of America has denied any wrongdoing. Current account holders who received notices will automatically receive a payout, while former account holders must file a claim by July 29. A final court hearing is scheduled for August 21, 2026.
(Source：USA TODAY)