Bank of America $2.25M class-action settlement: Here’s who is eligible
Bank of America will pay $2.25 million to settle a class-action lawsuit over multiple ATM fees charged at 7-Eleven stores.Summary
Bank of America has agreed to a $2.25 million class-action settlement to resolve a lawsuit alleging the bank improperly charged customers multiple balance inquiry fees at 7-Eleven ATMs. The lawsuit, filed in 2019, claimed that customers were charged fees for multiple balance inquiries during a single transaction. Eligible customers include Bank of America account holders who were assessed more than one out-of-network balance inquiry fee at a FCTI, Inc.-owned ATM located in a 7-Eleven store between May 1, 2018, and November 16, 2021. Settlement class members will receive a share of the remaining funds after expenses, with payments determined by the number of current accountholders and valid claims submitted by past accountholders. The settlement has received preliminary approval, and the court will hold a hearing on August 21 to consider final approval. Bank of America has denied any wrongdoing.
(Source：NBC 5 Chicago)