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Bank of America Settles $2.25M 7-Eleven ATM Fee Class Action

5/16/2026

Summary

Bank of America Settles

Bank of America settled a $2.25 million class-action over alleged double ATM balance-inquiry fees at 7-Eleven’s FCTI machines.
Payments for the fees applied from May 1, 2018 through November 16, 2021 (some sources say November 26, 2021) will be automatic for current customers and must be claimed by former customers by July 29, 2026.
Bank of America, which denies wrongdoing, faces a final approval hearing on August 21, 2026, and must exclude claimants paid in the Weiss v. FCTI 2024 settlement.

Summary

Bank of America Lawsuit

Schertzer v. Bank of America (Case No. 3:19-cv-00264-DMS-MSB) adds to a wave of ATM-fee class actions.
It follows the Weiss v. FCTI settlement that targeted double-charging at 7-Eleven ATMs.
The settlement leaves Bank of America’s ties with FCTI-operated ATMs unchanged, keeping future fee rules under existing contracts.
Electronic transaction records now let plaintiffs prove systematic fee overcharges, prompting coordinated suits while Kroll Settlement Administration handles the claims.

History

Historical Context

The 2008 financial crisis spurred the Dodd-Frank Act (2010) and the 2011 creation of the Consumer Financial Protection Bureau, which recorded 1,200 fee complaints and secured $45 million for consumers. Building on that reform wave, Bank of America now faces the 2024 Weiss and Schertzer lawsuits over double ATM surcharges, underscoring continued pressure for transparent fee practices.

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Bank of America Settles

Bank of America settled a $2.25 million class-action over alleged double ATM balance-inquiry fees at 7-Eleven’s FCTI machines.
Payments for the fees applied from May 1, 2018 through November 16, 2021 (some sources say November 26, 2021) will be automatic for current customers and must be claimed by former customers by July 29, 2026.
Bank of America, which denies wrongdoing, faces a final approval hearing on August 21, 2026, and must exclude claimants paid in the Weiss v. FCTI 2024 settlement.

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