ATM Cash Withdrawal Class Action Settlement Paying Out

ATM Class Action and Data Breach Class Action and Mass Tort Investigation

Photo Credit: Unsplash | Updated: September 22, 2024

Estimated Payout: Varies

Proof required: No

What's the ATM Fees Class Action?

New ATM Fee Class Action

A new ATM fee class action settlement has been settled for nearly $200 million with visa and mastercard over allegations that certain ATM withdrawal fees violated consumer protection laws. If you paid a surcharge to withdraw cash from a bank ATM in the United States at any point between October 1, 2007, and July 26, 2024, you may be eligible for compensation from the Visa & MasterCard ATM fee class action settlement. Learn more about this ATM class action settlement here.

The ATM Fees Open Class Action Settlement from 2022 is now closed to new claims, although a new one has been established with a $197.5 million settlement, as well as a 2025 claim form filing deadline. Payments have already been sent out to those that filed a valid claim on time by the deadline of May 11, 2022. The Court had granted final approval to distribute the $67 Million settlement funds for the ATM class action settlement.

A $67 Million class action lawsuit was brought on behalf of ATM cardholders who used a bank ATM owned by an entity different from the entity that issued the ATM card and were assessed an ATM surcharge. Three of the top United States banks have agreed to settle the lawsuit - JPMorgan & Chase Company; Wells Fargo & Co. and Wells Fargo Bank (“Wells Fargo”); and Bank of America, N.A. and Bank of America Corp. (“Bank of America”). A further $197.5 million class action settlement was settled with Visa and MasterCard over similar allegations of unfair or illegal ATM surcharge fees.

This class action settlement was settled as the result of a lawsuit in which it was alleged that banks Wells Fargo, JPMorgan Chase, and Bank of America violated federal antitrust laws by creating restraints that allegedly inflated the ATM surcharges paid by the Class. ATM cardholders who used a bank ATM owned by an third-party bank or ATM network different from the entity that issued the ATM card and were assessed an ATM surcharge may be affected by this class action and owed a settlement payout.

How Could I Qualify For Payment?

You may have been a Settlement Class Member if at anytime between October 1, 2007 and November 12, 2021, you paid a surcharge to withdraw cash from a bank ATM in the United States.

How Much Will I Get Paid?

The settlement payout per claim will vary based on the amount of people that filed timely and valid claims before May 11, 2022. Thus, there is no estimate for the settlement payment amounts. Stay tuned on this website for any updates.