(NEXSTAR) — If you’ve made ATM withdrawals at specific 7-Eleven outlets, you might be eligible to share in a $2.25 million class action settlement. However, the deadline to submit your claim is rapidly approaching.
In 2019, a lawsuit was initiated in California alleging that Bank of America imposed dual out-of-network fees for a single balance inquiry made by customers at ATMs located in 7-Eleven stores.
Though Bank of America did not admit any fault, they agreed to resolve the case with a $2.25 million settlement.
Do I qualify for this Bank of America settlement?
Eligibility depends on your history as a Bank of America customer. If you used an FCTI-operated ATM at a 7-Eleven location between May 1, 2018, and November 16, 2021, you might qualify.
Not sure if you’re eligible? Check your email or mailbox for a notice about the settlement, which may have been sent as a postcard or an email.
Former account holders who are notified of the settlement will need to submit a claim and select a preferred payment method. To file a claim, you’ll need the class member ID listed on the email or postcard notice you received.
Current account holders need to take no action, settlement administrators say.
How much will I receive?
Payments will vary based on how many current account holders, who receive relief immediately, were impacted, and how many former account holders file a valid claim.
Settlement administrators say payments will be proportional.
I’m a former customer. How do I file a claim?
You will want to consult the postcard or email you received, administrators say. You will use the information on that notice to file a claim online or by paper.
More details can be found on the settlement’s website.
When is the deadline, and when will payments begin?
The deadline to file a claim is June 29, 2026.
A final approval hearing for the settlement is scheduled for August 2026.
In most class action lawsuits, payments are sent out shortly after the final approval hearing. However, objections and other court proceedings can delay this process.