Bank of America Settles $2.25 Million ATM Fee Lawsuit

BAC Bank of America has agreed to pay $2.25 million to settle a class action lawsuit alleging it double-charged customers who made balance inquiries at 7-Eleven ATMs operated by FCTI,. The suit, filed in California federal court in 2019, claimed that BAC customers were improperly charged both an ATM operator fee and a separate Bank of America out-of-network fee on what should have been a single transaction. Bank of America denied wrongdoing as part of the settlement.

The eligible class includes customers who used an FCTI-operated ATM at a 7-Eleven location between May 1, 2018 and November 16, 2021,. Current Bank of America account holders do not need to file a claim — but former customers have until June 29, 2026 to submit. A final approval hearing is scheduled for August 2026.

At $2.25 million, the settlement is a rounding error relative to BAC's annual revenue of over $100 billion, and analysts expect no material financial impact. However, the case highlights ongoing regulatory and consumer scrutiny of banking fees — an issue that has surfaced in Congressional hearings and CFPB enforcement activity targeting overdraft and junk fees across the industry.

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