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Bank of America just agreed to pay $2.25 million in a major settlement over ATM fee overcharges. Customers were double-charged at 7-Eleven locations. Here’s what eligible account holders need to know before the June 29 deadline.
🔥 Quick Facts
- Settlement Amount: $2.25 million class action settlement approved by federal court in southern California
- The Problem: Bank of America charged customers two out-of-network fees for single balance inquiries at FCTI ATMs in 7-Eleven stores
- Time Period: Affected customers used these machines between May 1, 2018, and November 16, 2021
- Claim Deadline: June 29, 2026 for former Bank of America account holders, automatic payout for current customers
Double Fees for Single Transactions Cost Customers Thousands
Bank of America allegedly charged two separate out-of-network fees when customers performed balance inquiries at FCTI-owned ATMs inside 7-Eleven convenience stores. A 2019 class action lawsuit claimed the bank breached its contract by assessing these excessive charges. Bank of America never admitted wrongdoing but agreed to settle to avoid prolonged litigation costs and trial expenses.
The lawsuit covered millions of transactions dating back to May 2018. Typical out-of-network fees range from $2 to $5 per transaction, meaning some customers were overcharged by $100 or more across multiple visits.
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Who Qualifies for Payouts from the Settlement
The Bank of America settlement applies to the following customers. You must have been charged multiple out-of-network balance inquiry fees during the same visit to any FCTI-owned ATM in a 7-Eleven store from May 1, 2018 through November 16, 2021. Customers who already received payments from an earlier settlement in the case Weiss vs. FCTI from 2024 do not qualify. Current Bank of America account holders receive automatic payments without filing a claim. Former account holders must submit claims before the deadline.
Bank of America account numbers are required as proof of eligibility. Customers uncertain about their qualification status can call the settlement administrator at (833) 447-8321 or visit the official settlement website.
Settlement Timeline and Claim Filing Process
| Key Deadline | Date |
| Claim Filing Deadline | June 29, 2026 |
| Opt-Out and Objection Deadline | July 7, 2026 |
| Final Court Approval Hearing | August 21, 2026 |
| Settlement Period Covered | May 1, 2018 to November 16, 2021 |
Current account holders do not need to take any action. Former customers who closed their accounts must file claims online at the OONFeeSettlement.com website before June 29, 2026. The settlement website provides the official claim form and step-by-step filing instructions. Customers who want to exclude themselves from the settlement or object must do so by July 7, 2026. A final approval hearing is scheduled for August 21, 2026.
“Bank of America and those who filed the lawsuit opted for a settlement to avoid ongoing litigation costs and going to trial.”
— Settlement Website
How Payouts Will Be Distributed Among Class Members
Settlement fund distribution remains uncertain because the court papers do not disclose the exact number of eligible customers. The $2.25 million pool will be divided equally among all approved claimants. Customers may receive anywhere from a few dollars to several hundred dollars depending on how many claims get approved. No individual payout estimate is available at this time. The settlement administrator will calculate individual awards after the claim filing deadline passes. Bank of America requires proof of account ownership through Bank of America account numbers on all claims.
Payments will be distributed via check or electronic transfer to verified claimants. The claims administrator, Kroll Settlement Administration, manages distribution and can be reached at (833) 447-8321.
Why Is This Settlement Important and What Should You Do Next?
Banking fees are a growing complaint among consumers. Many customers overlook duplicate charges until settlement notices arrive years later. This case demonstrates how common banking errors can affect millions of accounts. If you used a 7-Eleven ATM between 2018 and 2021 while holding a Bank of America account, check your old bank statements for suspicious fees. Document any multiple balance inquiry charges appearing on a single visit. Former customers should file claims immediately to secure their settlement share. Current customers will receive automatic payments without action.
What other bank fees might you be paying unnecessarily? Monitor your monthly statements closely. Share your experience by contacting the settlement administrator with documentation of charges.
