Bank of America agreed to a $2.25 million class action settlement stemming from claims involving balance inquiry fees charged at ATMs inside certain 7-Eleven stores.
Plaintiffs in the case say they were improperly charged more than one out-of-network fee when using Bank of America debit cards to check their account balance. The lawsuit originated from a 2019 complaint filed in federal court in Southern California alleging that Bank of America had breached its contract with customers by assessing excessive fees, according to USA Today.
Bank of America denied any wrongdoing in the settlement. A final hearing for court approval of the settlement is scheduled for Aug. 21.
Customers eligible for payout must have used an FCTI-owned ATM within a 7-Eleven store between May 1, 2018, and Nov. 16, 2021. They must be U.S. customers who were assessed more than one out-of-network balance during the same visit, and did not previously get payments from a claim stemming from a 2024 settlement in the case Weiss vs. FCTI.
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Account holders may have been sent a notice about the class action settlement by email, postcard, or both. Eligible class members will receive a proportional share of the $2.25 million settlement fund, though the estimated payout amount is unclear as the number of valid claims is unknown.
The deadline for exclusion and objection is July 7, and past Bank of America account holders must file a claim via the settlement website by July 29. Current Bank of America account holders who received notices will automatically get a payout.