Bank of America Handing Out $2,250,000 To Settle Allegations of Overcharging Customers on ATM Fees at 7–Eleven Stores

Bank of America has agreed to pay out $2.25 million in a settlement regarding fees charged at ATMs located within 7-Eleven stores. The class action lawsuit alleges that BofA imposed two out-of-network fees on customers for balance inquiry requests, even if only a single inquiry was made at the ATMs in the convenience store chain.

Filed in 2019 in the U.S. District Court for the Southern District of California, the lawsuit claims that the bank breached its contract with customers by charging excessive fees. According to the lawsuit, the ATMs should have only charged customers one fee for a balance inquiry.

Customers who used the ATMs operated by FCTI, Inc. at 7-Eleven stores to check their account balance between May 1, 2018, and November 16, 2021, may be eligible for settlement proceeds. However, customers who have already received money from a separate 2024 settlement against FCTI, Inc. are not eligible to claim restitution. The deadline to file a claim for settlement proceeds is July 29th, with claimants set to receive an equal pro-rata share of the settlement fund.

The settlement is expected to be approved by the court on August 21st. Bank of America has denied any wrongdoing in the matter but has chosen to settle the lawsuit to avoid the burden, expense, risk, and uncertainty of ongoing litigation.

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