ATM Fees Lawsuit Ends: A significant class action lawsuit concerning ATM surcharges has culminated in a $197.5 million settlement involving Visa and Mastercard. This settlement stems from allegations that these companies, along with major banks like JPMorgan Chase, Wells Fargo, and Bank of America, imposed inflated ATM access fees, violating federal antitrust laws. While the defendants have denied any wrongdoing, they agreed to the settlement to resolve the claims. If you have used an ATM in the U.S. over the past 17 years, you might be entitled to a share of this substantial payout.
ATM Fees Lawsuit Ends
| Key Point | Details |
|---|---|
| Settlement Amount | $197.5 million |
| Eligibility Period | October 1, 2007 — July 26, 2024 |
| Major Banks Involved | JPMorgan Chase, Bank of America, Wells Fargo |
| Claim Deadline | January 22, 2025 |
| How to Claim | Online or by mail |
| Official Website | ATM Class Action |
The ATM fees lawsuit settlement is a big win for consumers across the United States. If you’ve ever paid an ATM surcharge between October 1, 2007, and July 26, 2024, you could be entitled to a piece of the $197.5 million settlement. Filing a claim is simple, and with a little effort today, you might receive a deposit or check in 2025.
Understanding the ATM Fee Settlement
What Happened?
For years, many ATM users felt frustrated paying extra fees when withdrawing cash. Plaintiffs in the lawsuit argued that Visa, Mastercard, and big banks conspired to artificially inflate ATM fees, costing consumers millions.
The Big Picture:
- Visa and Mastercard allegedly enforced rules preventing ATM owners from offering lower fees for certain cards.
- These rules reduced competition and led to higher ATM fees nationwide.
Rather than continue the legal battle, the defendants agreed to settle for $197.5 million, though they admit no fault.
According to the Federal Reserve, the average ATM fee in 2023 reached $4.73 per transaction.
Who is Eligible for Money?
To qualify for a payout, you must meet these criteria:
- Paid an unreimbursed ATM access fee in the U.S. between October 1, 2007, and July 26, 2024.
- Your fee must have been charged by a Visa or Mastercard ATM network.
- Your ATM card was issued by a U.S. financial institution.
- You have not already been reimbursed for those ATM fees.
Example:
If you withdrew cash from a non-bank ATM and paid a $3.50 fee using your Chase debit card anytime between 2007 and 2024, you are likely eligible.
If you previously received money from earlier settlements, you’re still automatically eligible for this one, but you should submit a new claim for any additional surcharges.
ATM Fees Lawsuit Ends: How to File Your Claim?
Filing your claim is straightforward. Here’s a step-by-step guide:
Step 1: Gather Information
While documentation like ATM receipts or bank statements isn’t required at the time of claim submission, keep them handy. The settlement administrator may request proof later.
Step 2: Choose How to File
- Online:
- Go to atmclassaction.com.
- Fill out the claim form accurately.
- Certify and submit your claim.
- By Mail:
- Download and print the claim form from the official website.
- Complete the form carefully.
- Mail it to:ATM Surcharge Settlement
P.O. Box 170500
Milwaukee, WI 53217
Step 3: Wait for Payment
Once the claims are reviewed and approved, payments will be sent out. You can opt for:
- Digital payment (PayPal, virtual debit cards)
- Physical check (upon request)
Visit the ATM Class Action FAQ page for detailed answers.
Important Dates to Remember
| Event | Date |
| Claim Submission Deadline | January 22, 2025 |
| Final Approval Hearing | January 23, 2025 |
FAQs on ATM Fees Lawsuit Ends
How much money will I get?
The payment amount depends on the total number of valid claims filed. The more people who file, the smaller each share will be.
Do I need proof of my ATM transactions?
Not initially. But keep records like bank statements or receipts, as you might be asked for verification.
What if I used different banks over the years?
As long as the ATM surcharges were on cards issued by U.S. financial institutions through the Visa or Mastercard network, you’re eligible.
Can businesses claim on behalf of their employees?
No, this settlement is strictly for individual consumers, not businesses.
How do I know if my claim is approved?
You’ll receive a notification via email or mail once your claim has been reviewed.
