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Bank of America’s $2.25 million settlement over bank fees charged at 7-Eleven ATMs means some customers may be able to get paid.
The class action lawsuit stems from a complaint filed in 2019 in federal court in Southern California, alleging that Bank of America breached its contracts with customers by charging excessive fees. According to the complaint, customers were charged two out-of-network fees for balance inquiry requests, even though only one balance inquiry was made at an FCTI, Inc.-owned ATM located inside a 7-Eleven store.
According to the settlement, customers who may be eligible for the payments used FCTI-owned ATMs inside 7-Eleven stores from May 1, 2018 to November 16, 2021. According to the settlement website, Bank of America and those who sued chose to settle the case “to avoid ongoing litigation costs and trial.”
Bank of America denied any wrongdoing in the settlement.
The following people are eligible to receive a portion of Bank of America’s $2.25 million settlement:
Who can pay with Bank of America Payments?
Eligible for payments under this settlement are U.S. customers with Bank of America checking accounts who were charged multiple out-of-network balance inquiry fees during a single visit to an FCTI-owned ATM at a 7-Eleven store between May 1, 2018 and November 16, 2021, and who did not receive payment on their claims as a result of the early settlement of Weiss v. FCTI, which was settled in 2024.
Account owners may have received notice of the class action settlement by email and/or postcard. A final hearing for court approval of the settlement is scheduled for August 21, 2026.
If you’re not sure if you qualify, call (833) 447-8321 or visit our payment website for more information.
How much money can I get from the Bank of America settlement?
That’s uncertain. Members of the settlement tier will receive an equal share of the $2.25 million settlement fund. However, the proposed settlement does not list in court records the number of people who may be eligible for payments, noting that the number of people eligible for the settlement is “very large.”
Should I claim the Bank of America settlement?
No, current Bank of America account holders who receive notice of the settlement do not need to do anything. They automatically receive payments.
Past Bank of America account holders have until July 29 to submit claims via the payments website.
If you wish to be excluded from the settlement while retaining the right to sue Bank of America individually, or if you wish to challenge the court’s decision, you must act by July 7. For more information, please visit the settlement website.
Mike Snyder is a national trends news reporter for USA TODAY. You can follow him on Threads, Bluesky, and X, and email him at: mike snyder & @mikegsnider.bsky.social & @mikesnider & msnider@usatoday.com.
