If you’ve ever paid ATM fees while using Visa or Mastercard networks, you might be eligible for a share of a $197.5 million settlement addressing claims of unlawful surcharges. This settlement resolves allegations that Visa, Mastercard, and several banks violated federal antitrust laws by conspiring to charge excessive fees on ATM transactions.
Table of Contents
Settlement Overview
The class action lawsuit claimed that JP Morgan Chase, Wells Fargo, Bank of America, and other banks in the Visa and Mastercard ATM networks imposed unfair surcharges on consumers. Although the defendants denied wrongdoing, they have agreed to settlements:
- Visa contributed $104.675 million.
- Mastercard added $92.825 million.
This follows earlier settlements totaling $67 million with JP Morgan Chase, Wells Fargo, and Bank of America.
Who Qualifies?
You’re eligible if:
- You paid an unreimbursed ATM access fee to JP Morgan, Wells Fargo, Bank of America, or other banks in the Visa/Mastercard ATM networks.
- Transactions occurred between Oct. 1, 2007, and July 26, 2024.
What You Could Receive
Eligible claimants can receive cash payments based on the surcharges they paid during the class period. The exact payment depends on the total claims filed.
Equifax Data Breach Settlement: Amount, Deadlines and Compensation
$16 Million Capital One Settlement: Are You Eligible for a Payment or Credit?
Toyota Rav4 Battery Settlement: Eligibility, Deadlines and How to Benefit
Verizon Class Action Settlement 2024: Payout Details, Eligibility, and Payment Timeline
How to File a Claim
- Previously Filed Claimants: If you filed in a previous settlement, you don’t need to file again unless you experienced additional surcharges.
- New Claims: Provide proof of ATM fees, such as receipts or electronic records.
The claim deadline is Jan. 22, 2025, with payments issued following the final approval hearing on Jan. 23, 2025.
Key Dates
- Claim Deadline: Jan. 22, 2025
- Objection Deadline: Nov. 22, 2024
- Final Hearing: Jan. 23, 2025
Settlement Administration
For assistance or more information, contact:
ATM Surcharge Settlement
P.O. Box 170500
Milwaukee, WI 53217
Email: [email protected]
Phone: 877-311-3724
Legal Representation
The settlement is represented by top legal firms, including Hagens Berman Sobol Shapiro LLP, Quinn Emanuel Urquhart & Sullivan LLP, and others.
Thomson Reuters $27.5M Privacy Settlement: Eligibility, Payment & How to Submit Claim
$6M BMW Emissions Settlement: Eligibility & Compensation for Drivers
Claim Your Cash: $3.65M T-Mobile Employment Class Action Settlement
Act Now!
Visit ATMClassAction.com to file your claim or learn more about this historic settlement. Don’t let your chance to claim cash pass you by!
Leave a Reply