Bank of America Agrees to $2.25 Million Settlement Over 7-Eleven ATM Fees

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Meta Description: Bank of America has agreed to a $2.25 million class action settlement over alleged improper ATM fees at 7-Eleven locations. Here’s who may qualify and what it means.

Bank of America Reaches $2.25 Million Settlement in ATM Fee Lawsuit

Bank of America has agreed to pay $2.25 million to settle a class action lawsuit related to ATM fees charged at certain 7-Eleven locations across the United States.

The lawsuit alleged that some customers were charged unexpected or improper out-of-network ATM fees while using Bank of America debit cards at 7-Eleven ATMs. Although the bank denied any wrongdoing, it agreed to the settlement to avoid continued litigation and legal expenses.

What Was the Lawsuit About?

According to court filings, plaintiffs claimed that customers were charged fees even when they believed transactions would be free or properly disclosed. The complaint argued that some ATM users were not given clear information regarding surcharge fees before completing transactions.

The case focused on whether customers were misled during ATM withdrawals and balance inquiries conducted at certain 7-Eleven ATM machines.

Bank of America has not admitted liability as part of the agreement.

Who Could Be Eligible?

Customers may qualify for compensation if they:

Used a Bank of America debit or ATM card

Conducted transactions at participating 7-Eleven ATMs

Were charged disputed fees during the covered period mentioned in the settlement

Exact eligibility dates and payment amounts depend on the final court approval and claims submitted by class members.

How Much Could Customers Receive?

The amount each customer receives will vary based on:

Number of valid claims filed

Total disputed fees paid

Administrative costs and attorney fees

Some users may receive automatic payments, while others may need to submit a claim form before the deadline.

Why This Settlement Matters

Class action settlements involving banking fees continue to draw attention as consumers increasingly rely on ATMs and digital banking services. The case highlights the importance of transparent fee disclosures and customer awareness during financial transactions.

Consumer advocates say users should always review ATM screens carefully before confirming withdrawals to avoid unexpected charges.

Final Approval Process

The settlement still requires final approval from the court. If approved, eligible class members will receive instructions regarding payments, deadlines, and claim procedures.

Customers are encouraged to monitor official settlement notices and email communications for updates.