$2.25M Bank of America 7-Eleven ATM fees class action settlement
Class Action Lawsuits • • business
Key Points:
- Bank of America agreed to a $2.25 million class action settlement over allegations of charging multiple out-of-network fees for balance inquiries at 7-Eleven ATMs between May 1, 2018, and Nov. 16, 2021.
- The lawsuit claimed the bank breached its contract by charging two out-of-network fees for a single balance inquiry at FCTI ATMs located in 7-Eleven stores.
- Current Bank of America accountholders will automatically receive settlement benefits, while former accountholders must file a claim by June 29, 2026, to participate.
- The deadline to exclude or object to the settlement is July 7, 2026, and the final approval hearing is scheduled for August 21, 2026.
- Bank of America has not admitted wrongdoing but agreed to the settlement to resolve the lawsuit, with claimants receiving a proportional share of the settlement fund based on filed claims.