Bank of America’s $2.25 million settlement over bank fees charged at ATMs within 7-Eleven stores, means some customers may be getting a payout.
A class-action lawsuit, which originates from a 2019 complaint filed in federal court in southern California, claimed that Bank of America had breached its contract with customers by assessing excessive fees
Customers were charged two out-of-network fees for balance inquiry requests when only a single balance inquiry was undertaken at ATMs owned by FCTI, Inc., located in 7-Eleven stores, the suit alleged. Customers who may be eligible for a payout used an FCTI-owned ATM within a 7-Eleven store from May 1, 2018, to November 16, 2021, according to the settlement. Bank of America and those who filed the lawsuit opted for a settlement “to avoid ongoing litigation costs and going to trial,” according to the settlement website.
Bank of America denied any wrongdoing in the settlement. Fidelity $2.5 million settlement: Agreement reached in breach incident has payouts up to $5K. See who qualifies Here’s who’s eligible for part of the $2.25 million Bank of America settlement.