Payments

Bank of America to pay $2.25 million in ATM fee lawsuit

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May 18, 2026

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Bank of America agreed to pay $2.25 million via its class action lawsuit related to ATM fees at 7-Eleven locations. The class action lawsuit Schertzer, et al. v Bank of America, N.A., et al. alleged that the bank charged exorbitant ATM fees at transactions at FCTI Inc. ATMs, according to a report by WFTV.

Both parties agreed to settle out of court, with Bank of America denying any wrongdoing. The lawsuit alleged that the bank would charge customers two out-of-network fees for balance inquiries.

Customers who used an ATM within a 7-Eleven from May 1, 2018 to Nov. 26, 2021 are eligible for compensation as long as they file a claim by July 29. The final hearing to approve the settlement will be held on Aug. 21.