Bank ATM Class Action Settlement 2022

Claim Form Deadline: May 11, 2022

Estimated Payout: Varies

Proof required: No

Method of payment:  Cash and Digital

What’s This Settlement About?

A $67 Million class action lawsuit was brought on behalf of ATM cardholders who used a bank ATM owned by an entity different from the entity that issued the ATM card and were assessed an ATM surcharge. Three Defendants have agreed to settle the lawsuit – JPMorgan & Chase Co. (“JP Morgan”); Wells Fargo & Co. and Wells Fargo Bank (“Wells Fargo”); and Bank of America, N.A. and Bank of America Corp. (“Bank of America”). This class action has been created in which it is alleged that banks Wells Fargo, JP Morgan Chase, and Bank of America violated federal antitrust laws by adopting restraints that allegedly inflated the ATM surcharges paid by the Class. ATM cardholders who used a bank ATM owned by an entity different from the entity that issued the ATM card and were assessed an ATM surcharge may be affected. A lawsuit is continuing against Visa and MasterCard and is currently unsettled.

How Do I Qualify For Payment?

You are a Settlement Class Member if, between October 1, 2007 and November 12, 2021, you paid a surcharge to withdraw cash from a bank ATM in the United States. You are excluded from the Settlement Class if all of your surcharged ATM transactions were (a) reimbursed, or (b) conducted on cards issued by financial institutions located outside of the United States.

How Do I File a Claim and Get Paid?

To be eligible for payment you must submit a valid claim at ATMClassAction(dot)com or mailed to the Class Administrator by no later than May 11, 2022. The Court will hold a Final Approval Hearing on May 17, 2022. Relief from the Settlement will be made only if the Court approves the Settlement and only after any appeals are resolved.

Claim Form Website: ATMClassAction.com. See more settlements here and here.