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Bank of America customers could claim free money through an approved $2.25 million settlement over wrongful ATM fees. If you used a BofA debit card at 7-Eleven ATMs between 2018 and 2021, read on to claim your share before the upcoming deadline.
🔥 Quick Facts
- Settlement Amount: $2.25 million class action fund (Schertzer v. Bank of America N.A.)
- Claim Deadline: June 29, 2026 for former account holders, July 29 for late claims
- Fee Period: Duplicate charges occurred at FCTI-owned 7-Eleven ATMs from May 1, 2018 to November 16, 2021
- Who Gets Paid: Former and current BofA customers charged multiple out-of-network balance inquiry fees in single transactions
What Is the Bank of America 7-Eleven Settlement About?
Bank of America agreed to pay $2.25 million without admitting wrongdoing. The class action lawsuit, Schertzer v. Bank of America N.A., claimed the bank breached deposit account agreements. Customers were charged two out-of-network balance inquiry fees for single transactions at FCTI-owned ATMs inside 7-Eleven convenience stores. The illegal double-charging happened repeatedly between May 1, 2018 and November 16, 2021. Bank of America resolved all claims by settling rather than fighting the case in court.
This settlement affects millions of BofA customers nationwide. The bank operates ATMs in thousands of 7-Eleven locations across America. Eligible class members include anyone assessed multiple out-of-network fees during the same ATM visit. If you used Bank of America’s debit card at these locations during the specified four-year window, you likely qualify for compensation.
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Who Is Eligible for This Settlement?
To qualify for Bank of America’s $2.25 million payout, you must meet specific criteria. You must have used a valid BofA debit card at FCTI-owned 7-Eleven ATMs between May 1, 2018 and November 16, 2021. You must have been charged more than one out-of-network balance inquiry fee during the same visit. Additionally, you must not have previously filed a claim in the related Weiss v. FCTI case. Current account holders are automatically eligible and don’t need to file anything.
Former account holders who closed their accounts must submit a valid claim form. The settlement website will have proof of your bank account number or transaction history. Both current and former customers can receive proportional shares from the settlement fund. The amount depends on total claims filed, but specific per-person awards are not available yet.
Critical Deadlines and Settlement Timeline
| Event | Date |
| Claim Deadline for Former Account Holders | June 29, 2026 |
| Late Claims Filing Deadline | July 29, 2026 |
| Exclusion and Objection Deadline | July 7, 2026 |
| Final Approval Hearing | August 21, 2026 |
| Potential Payment Processing | After Court Approval |
The June 29, 2026 deadline is crucial for former Bank of America customers. Former account holders must file claims online or by mail through the official settlement administrator at Kroll Settlement Administration. They can call 833-447-8321 or visit OONFeeSettlement.com. Some sources indicate a secondary deadline of July 29, 2026 for late filings. The final hearing occurs August 21, 2026 to approve the settlement officially.
“According to the settlement website, Bank of America accountholders who were assessed more than one out-of-network balance inquiry fee during the same visit to an FCTI-owned ATM located in a 7-Eleven store between May 1, 2018, and Nov. 16, 2021 may be eligible for settlement benefits.”
— Top Class Actions, Settlement Details
How to File Your Claim and Get Paid
Current Bank of America account holders don’t need to take any action whatsoever. The settlement administrator will automatically process payments after final court approval. Former account holders must act before June 29, 2026. They can file claims online at the official settlement portal or request paper forms through mail. You’ll need your Bank of America account number or details from your account statements. Processing takes several months after final approval, but the settlement fund is legitimate and protected by federal court oversight.
Eligible customers will receive a proportional share of the $2.25 million based on total claims. The settlement administrator, Kroll Settlement Administration, handles all distributions. Contact them at P.O. Box 225391, New York, NY 10150-5391 or by phone. Payments will be issued by check or direct deposit following final court approval in late August 2026. Track your claim status on OONFeeSettlement.com.
What Happens Next with This Settlement?
The settlement moves into its final approval phase after August 21, 2026. The federal court will review any objections or exclusion requests filed by July 7. If the judge approves the settlement as fair and lawful, the distribution process begins. Bank of America will fund the $2.25 million account within weeks of approval. The settlement administrator then processes individual claims by account. Payments should reach eligible customers by late 2026 or early 2027. This is real money through a legitimate federal class action, not a scam. Check the official settlement website regularly for payment updates.
Sources
- Top Class Actions – $2.25M Bank of America 7-Eleven ATM fees class action settlement details
- The Sun – Bank of America settlement payment eligibility and deadline deadlines
- Claim Depot – Bank of America $2.25M ATM Fee Class Action Settlement information
