Closed to new claimsBankingBank of America $2.25 Million ATM Fee Settlement: Payout Status
Last updated: July 13, 2026
Bank of America agreed to a $2.25 million settlement to resolve a class action alleging it improperly charged customers two out-of-network balance-inquiry fees for a single balance inquiry at certain ATMs located in 7-Eleven stores. The claim deadline has passed — it closed on June 29, 2026 — so former account holders can no longer file. The settlement is awaiting a final approval hearing set for August 21, 2026, after which valid claimants will receive a pro rata share of the fund.
The lawsuit, Schertzer v. Bank of America, N.A. (Case No. 3:19-cv-00264-DMS-MSB, U.S. District Court for the Southern District of California), covers customers charged the duplicate out-of-network fees between May 1, 2018 and November 16, 2021 at FCTI-operated ATMs inside 7-Eleven stores. Current Bank of America account holders will receive their payment automatically as an account credit; former account holders had to file a claim by the June 29, 2026 deadline. The settlement administrator is Kroll Settlement Administration.
Key facts
- Settlement fund
- $2,250,000
- Payout
- Pro rata share
- Class period
- May 1, 2018 – Nov. 16, 2021
- Claim deadline
- Closed — June 29, 2026
- Final approval hearing
- August 21, 2026
- Current account holders
- Automatic account credit
- Proof required
- No — ID only
- Case number
- 3:19-cv-00264-DMS-MSB
Official settlement administrator: oonfeesettlement.com
Who qualifies
- You were charged two out-of-network balance-inquiry fees for a single balance inquiry at an FCTI-operated ATM inside a 7-Eleven store between May 1, 2018 and November 16, 2021.
- Current Bank of America account holders receive their payment automatically as a credit to their account — no action was required.
- Former account holders had to file a claim by June 29, 2026, using the Class Member ID from the settlement notice (or their name and address); no proof of the fee itself was required.
- The claim window is closed — current account holders and former account holders who filed are in line for a pro rata payment once the settlement is finally approved.
Bank of America ATM fee settlement payout status — what happens now
- 1
The claim deadline has passed
The window for former account holders to file closed on June 29, 2026, and the deadline to opt out or object closed on July 7, 2026. New claims are no longer accepted.
- 2
Final approval hearing is set for August 21, 2026
The court is scheduled to hold the final fairness and approval hearing on August 21, 2026. Payments cannot be distributed until the court grants final approval.
- 3
How payments will be made
After final approval, current Bank of America account holders receive their share as an automatic account credit; former account holders who filed receive an electronic payment or a paper check. Each valid claim is a pro rata share of the $2.25 million fund.
- 4
How to check your Bank of America settlement status
Track the case and your claim at the official administrator site, oonfeesettlement.com, operated by Kroll Settlement Administration, or call the settlement help line listed there.
- 5
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Frequently asked questions
When will I get my Bank of America ATM fee settlement payment?
Payments cannot be distributed until the court grants final approval at the hearing scheduled for August 21, 2026. After approval, current account holders receive an automatic account credit and former account holders who filed receive an electronic payment or check. No exact payment date has been published yet.
How much is the Bank of America ATM fee settlement payout?
Each valid claim is a pro rata share of the $2.25 million settlement fund, after attorney fees and costs. No fixed per-person amount was published; the payout depends on the final number of valid claims.
What was the Bank of America ATM fee lawsuit about?
The lawsuit, Schertzer v. Bank of America, alleged that Bank of America charged customers two out-of-network balance-inquiry fees for a single balance inquiry at FCTI-operated ATMs inside 7-Eleven stores between May 1, 2018 and November 16, 2021.
Is the Bank of America ATM fee settlement still open?
No. The claim deadline for former account holders closed on June 29, 2026, and the opt-out and objection deadline closed on July 7, 2026. The settlement is now awaiting final approval on August 21, 2026.
Do I need to file a claim for the Bank of America ATM settlement?
Current Bank of America account holders did not need to file — their payment is applied automatically as an account credit. Former account holders had to file a claim by June 29, 2026 to receive a payment.
Who qualified for the Bank of America ATM fee settlement?
Customers who were charged two out-of-network balance-inquiry fees for a single balance inquiry at an FCTI ATM inside a 7-Eleven store between May 1, 2018 and November 16, 2021.
How do I check my Bank of America settlement claim status?
Track the case and your claim at the official settlement site, oonfeesettlement.com, operated by the administrator Kroll Settlement Administration, which lists the hearing date and a settlement help line.
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