Published
May 10, 2026
Updated
July 1, 2026
The Bank of America ATM fee settlement paid current accountholders automatically and former accountholders who filed a claim, but the June 29, 2026 claim deadline has passed and the settlement is now closed.
What Was the Bank of America ATM Fee Class Action Settlement?
Did you use a Bank of America debit card at a 7-Eleven ATM and get charged more than one out-of-network balance inquiry fee for a single visit? You may have been eligible for a pro rata payment from a $2.25 million class action settlement. Current Bank of America accountholders did not need to do anything; the payment was applied directly to their account. Former accountholders were required to file a claim by June 29, 2026. Important: that claim deadline has passed, and this settlement is now closed — no new claims can be filed.The Bank of America class action lawsuit, captioned Schertzer, et al. v. Bank of America, N.A., et al., Case No. 3:19-cv-00264-DMS-MSB, is pending in the United States District Court for the Southern District of California before Judge Dana M. Sabraw, with final approval still to come. The BofA lawsuit alleged that Bank of America breached its contract with its customers by charging two out-of-network (OON) balance inquiry fees during the same ATM visit at FCTI-owned ATMs located inside 7-Eleven stores, even though the customer performed only one balance inquiry.
The named plaintiff argued the double-charging violated the deposit account agreement between Bank of America and its accountholders. Bank of America (BANA) denies any wrongdoing and is settling without admitting fault. The Settlement Administrator is Kroll Settlement Administration. Class Counsel is Lynch Carpenter, LLP.
Status
Settlement Closed
Claim Deadline
June 29, 2026 (passed)
Former accountholders only · current customers paid automatically
Estimated Payout
Pro Rata Share of $2.25M Fund
Equal share among current and claiming former accountholders
Proof Required
Yes
Class Member ID from notice to file online · name + address accepted by mail
Who Qualified for the BofA ATM Settlement?
You were likely a Settlement Class Member if you could answer yes to the question below.· Were you a Bank of America accountholder who was charged more than one out-of-network balance inquiry fee during the same visit to a FCTI, Inc.-owned ATM inside a 7-Eleven store between May 1, 2018 and November 16, 2021? The class was defined by Bank of America's records.
Class members who already made a valid claim and received payment in a related lawsuit (Weiss v. FCTI, Inc., Case No. 37-2024-00016908-CU-BT-NC) were excluded from this settlement. Important: the June 29, 2026 claim deadline has passed, so this section is provided for reference only — no new claims can be filed.
Current vs. Former Accountholder: Two Different Tracks
The Bank of America settlement used a dual-track structure based on whether a class member still had an open Bank of America account.Current Bank of America accountholders (no action required). Accountholders who still had an open Bank of America account did not need to file a claim. Bank of America automatically credits the pro rata share of the Net Settlement Fund directly to the account after the court grants final approval. The pro rata amount is calculated based on the total number of current accountholders and the total number of former accountholders who submitted valid claims.
Former Bank of America accountholders (claim required by June 29, 2026). Class members who had closed their Bank of America account after the class period (or before the settlement was announced) needed to file a claim to receive a payment. That claim deadline has passed, and the settlement is now closed to new claims.
Where Was the Class Member ID Found?
The Class Member ID was included in the Email Notice or Postcard Notice that Kroll Settlement Administration sent to eligible former accountholders, delivered to the contact information Bank of America had on file during the class period. Important: this section is reference information only — the claim filing window has closed and a Class Member ID is no longer needed for any active claim step.How Much Did I Get From the BofA ATM Fee Settlement?
The $2.25 million Settlement Fund was divided as follows. First, the gross fund is reduced by court-approved deductions:· Attorneys' fees of up to 30 percent of the Settlement Amount (up to $675,000)
· Costs of up to $35,000
· Service award to the class representative (subject to court approval)
· Notice and administration costs paid to Kroll Settlement Administration
The remainder is the Net Settlement Fund, which is divided pro rata (equal share) among current accountholders and former accountholders who filed a valid claim. Now that the June 29, 2026 claim deadline has passed, the total number of valid claims and current accountholders can be finalized and per-claimant amounts calculated.
For context, the related Weiss v. FCTI case (which involved overlapping conduct from the ATM operator side) issued payments in similar dollar ranges to affected consumers. Class members who already received a payment in Weiss v. FCTI were excluded from this settlement.
What Is an Out-of-Network Balance Inquiry Fee?
An out-of-network balance inquiry fee is a charge that Bank of America applies when a BofA customer uses an ATM that is not part of Bank of America's own ATM network. FCTI, Inc.-owned ATMs located inside 7-Eleven convenience stores are out-of-network ATMs for Bank of America customers. When a BofA customer used a 7-Eleven ATM and requested only a balance inquiry (without withdrawing cash), Bank of America's standard practice was to charge the OON balance inquiry fee.The lawsuit alleged that Bank of America was charging this OON balance inquiry fee twice during the same ATM visit, even though only one balance inquiry was performed. For affected customers, this meant a single trip to a 7-Eleven ATM that included a balance check resulted in two OON fees on the statement instead of one. The duplicated fee was typically a few dollars per occurrence, but the cumulative impact across the class was substantial enough to support the $2.25 million settlement fund.
Bank of America denies that the duplicated fee was improper and argues that its deposit account agreement authorized the practice. The court has not decided which side is right; the settlement resolves the dispute without a finding of liability.
How the Bank of America ATM Fee Claim Process Worked
Important: the June 29, 2026 claim filing deadline has passed. This section is kept for reference only — no new claims can be filed and the information below no longer represents an actionable step.Filing was required only for former accountholders. Eligible former accountholders could file online at the official Settlement Website using the Class Member ID from their Email Notice or Postcard Notice, or by mailing a paper claim form to the Settlement Administrator. Current accountholders did not need to file; Bank of America applies the pro rata payment directly to the account.
Key Bank of America Settlement Deadlines
· Claim submission deadline: Monday, June 29, 2026 (online) or postmarked by June 29, 2026 (mail) — former accountholders only — this deadline has passed
· Opt out of the settlement by: Tuesday, July 7, 2026
· Object to the settlement by: Tuesday, July 7, 2026
· Class period covered: May 1, 2018 to November 16, 2021
· Final Fairness Hearing: Friday, August 21, 2026 at 1:30 p.m. Pacific Time, before Judge Dana M. Sabraw in Courtroom 13A of the U.S. District Court for the Southern District of California, 333 W. Broadway, San Diego, CA 92101
When Will I Receive My BofA ATM Fee Settlement Payment?
Payments will be issued only after the court grants final approval at the August 21, 2026 fairness hearing and after any appeals are resolved. The claim filing window has already closed, so this section now covers only the payment timeline for claims that were already submitted.· Best case (no appeals): Final approval at the August 21, 2026 hearing, appeals window closes 30 days after, payments distributed in late 2026 or early 2027.
· If appeals are filed: Distribution can be delayed by 12 to 36 months while the appellate court reviews the settlement, the fee award, or the allocation methodology.
How payment arrives depends on your accountholder status and payment selection:
· Current Bank of America accountholders: Payment is applied directly to your Bank of America account as a credit. You will see it on a statement after the Effective Date. No action required.
· Former accountholders who filed online with electronic payment: Electronic transfer to the account or payment method indicated on the claim form.
· Former accountholders who filed online without selecting a payment method, or who filed by paper claim form: Paper check by U.S. mail to the address on the claim form.
What Happens Now If I Never Filed a Claim?
If you are a current Bank of America accountholder, no action was ever required. Bank of America will automatically apply the payment to your account after the court grants final approval. You will be bound by the settlement and will give up the right to sue Bank of America for the specific claims being released.If you are a former Bank of America accountholder and you did not file a claim by June 29, 2026, you will not receive a payment. The claim window is now closed and cannot be reopened. You will still be bound by the settlement and will give up the right to sue Bank of America for the specific claims being released.
How to Opt Out or Object to the Settlement
Class members who do not want to be bound by the settlement have two alternatives, both with the same July 7, 2026 deadline.Opting out means giving up the right to receive any settlement payment but preserving the right to sue Bank of America individually for the same claims. Opt-out requests must be in writing, postmarked or shipped by July 7, 2026, and sent to the Settlement Administrator. The request must include your full name, postal address, personal signature, and a clear statement that you wish to be excluded from the Settlement Class.
Objecting means staying in the class (and remaining eligible for the payment) but asking the court to reject or modify the settlement. Written objections must be filed with the Clerk of Court and mailed to the Settlement Administrator by July 7, 2026. Objections must include detailed information about the objector, the grounds for the objection, supporting evidence, a list of cases in which the objector or counsel has objected to prior class action settlements within the last three years, and the objector's personal signature.
Other Bank Fee Class Action Settlements
Bank overdraft and fee class actions remain common as consumers challenge bank fee practices in court. If you held a Bank of America account, you may also be covered by the Bank of America wire transfer fee settlement. To see other overdraft, NSF, and ATM-fee cases with open claim windows, check the OCA database of open class action settlements.Frequently Asked Questions
Who qualifies for the Bank of America ATM fee settlement?
You qualify if you were a Bank of America accountholder in the United States and you were assessed more than one out-of-network balance inquiry fee during the same visit to a FCTI, Inc.-owned ATM inside a 7-Eleven store between May 1, 2018 and November 16, 2021. Class membership is established by Bank of America's records. Accountholders who already received payment in the related Weiss v. FCTI case are excluded.
How much will I get from the Bank of America ATM fee settlement?
The $2.25 million fund is divided pro rata (equal share) among current accountholders and former accountholders who filed a valid claim, after attorneys' fees (up to 30%), costs up to $35,000, a service award, and administration costs. Because the June 29, 2026 claim deadline has now passed, the final per-claimant amounts can be calculated.
Do I need to file a claim or proof of purchase?
The claim deadline of June 29, 2026 has passed, and this settlement is now closed to new claims. Current Bank of America accountholders did not need to file — the payment was credited automatically to the account. Former accountholders were required to file by June 29, 2026; that window has closed.
Where do I find my Class Member ID for the BofA settlement?
It was included in the Email Notice or Postcard Notice that Kroll Settlement Administration sent to eligible former accountholders. This information is kept for reference only — the claim filing window has closed and a Class Member ID is no longer needed for any active claim step.
What is the deadline to file a Bank of America ATM fee claim?
The claim deadline for former accountholders was Monday, June 29, 2026 (submitted online or postmarked by mail). That deadline has passed, and no new claims can be filed. The opt-out and objection deadlines are both Tuesday, July 7, 2026. The Final Fairness Hearing is set for Friday, August 21, 2026 at 1:30 p.m. Pacific Time. Current accountholders did not have a filing deadline because the payment is applied automatically.
When will I receive my Bank of America ATM fee settlement payment?
Payments are issued only after the court grants final approval at the August 21, 2026 fairness hearing and any appeals are resolved — likely late 2026 or early 2027 if there are no appeals. Current accountholders see a credit on their account; former accountholders who filed a claim before the deadline receive an electronic transfer or paper check based on their claim selection.
Official Settlement Notice
Sources
- Official Settlement Website — OON Fee Settlement.com
- Schertzer, et al. v. Bank of America, N.A., et al., Case No. 3:19-cv-00264-DMS-MSB, U.S. District Court for the Southern District of California, Hon. Dana M. Sabraw presiding
- Long Form Notice of Proposed Class Action Settlement
- Class Action Settlement Claim Form
For more class actions keep scrolling below.
Status
Closed — claim deadline June 29, 2026 has passed
Settlement Amount
$2,250,000
Case Title
Schertzer, et al. v. Bank of America, N.A., et al.
Case Number
3:19-cv-00264-DMS-MSB
Court
U.S. District Court, Southern District of California
Final Approval Hearing
August 21, 2026 at 1:30 p.m. PT before Judge Dana M. Sabraw
Courtroom 13A — 333 W. Broadway, San Diego, CA 92101
Administrator
Kroll Settlement Administration
Official Website
OON Fee Settlement.com
