Bank of America $2.25M ATM fee class action settlement 2026

According to USA Today, the ailment — brought earlier a national tribunal successful confederate California — centered connected a billing signifier successful which customers making a azygous equilibrium enquiry astatine FCTI, Inc.-operated ATMs wrong 7-Eleven locations were deed with 2 abstracted out-of-network charges, which plaintiffs argued violated the bank's contractual obligations. The play covered runs from May 1, 2018, done Nov. 16, 2021. The lawsuit is Schertzer, et al. v. Bank of America N.A., et al.

The slope has not admitted immoderate liability. Court filings reviewed by CNBC amusement Bank of America cited a tendency to flight "the burden, expense, risk, and uncertainty of continuing litigation" arsenic its rationale for reaching a deal.

To suffice for a stock of the fund, a idiosyncratic indispensable person held a Bank of America checking relationship and had aggregate out-of-network equilibrium enquiry fees deducted from a azygous travel to a 7-Eleven ATM tally by FCTI wrong the covered period, the colony website said. Customers who antecedently received outgo nether an earlier colony successful Weiss v. FCTI, Inc. are not eligible.

Once ineligible fees and the costs of administering the colony are subtracted from the total, immoderate remains volition beryllium divided arsenic among those with approved claims. The per-person magnitude is not fixed and volition beryllium determined by the full fig of claims yet submitted, the colony website said.

For progressive Bank of America customers who were sent a colony notice, nary filing is required — assuming the tribunal signs off, funds volition travel straight into their accounts. People who nary longer clasp a Bank of America relationship volition request to spell to the colony website and taxable a assertion earlier the July 29, 2026, deadline. Anyone seeking to opt retired and sphere autarkic ineligible claims against the bank, oregon who wants to formally contention the colony terms, faces a July 7, 2026, deadline to act.

A last support proceeding is scheduled for Aug. 21, 2026, astatine 1:30 p.m. PT. Those with questions astir whether they suffice tin scope the colony head astatine 833-447-8321 oregon find further details connected the colony website.