Bank of America to Pay $2.25 Million Over Excessive ATM Fees at 7-Eleven Locations — Former Customers Must Act Before July 29

Bank of America has agreed to pay $2.25 million to resolve a class action lawsuit that accused the bank of charging customers excessive ATM fees at 7-Eleven locations. The fees, according to the lawsuit, went beyond what Bank of America’s own account agreement said customers could be charged when using certain out-of-network ATMs operated by FCTI, the company that manages 7-Eleven’s ATM network.

Bank of America has not admitted any wrongdoing as part of the settlement. A final approval hearing is scheduled for August 21, 2026.

What the Lawsuit Alleges

According to the lawsuit, Bank of America customers who used 7-Eleven ATMs — which run through a third-party operator called FCTI — were charged ATM fees that exceeded the amounts disclosed in their account agreements. The customers say they had no notice that the fees would be higher than expected, and that the bank collected these fees in a way that was inconsistent with what customers agreed to when they opened their accounts.

Bank of America denied the allegations and agreed to settle the dispute to avoid the cost and uncertainty of a trial.

Who Is Covered — and What You Need to Do

There are two groups of potential class members, and the rules are different depending on whether you are a current or former Bank of America customer:

• Current Bank of America customers who qualify may be automatically included in the settlement and receive a payment without needing to file a claim. However, it is worth confirming your status through the settlement administrator.
• Former Bank of America customers who no longer have an active account must file a claim by July 29, 2026. If you miss this deadline, you will not receive any payment from the settlement, regardless of whether you were affected.

The settlement covers customers who were charged ATM fees at FCTI-operated 7-Eleven ATM machines while holding a Bank of America deposit account. Specific dates and eligibility criteria will be set out in the settlement administrator’s official notice.

How Much Could You Receive?

The total fund is $2.25 million. How much each eligible person receives will depend on the number of claims filed, the number of transactions each person made, and the fees charged. Settlement administrators will determine payout amounts after the final approval hearing on August 21, 2026.

Why ATM Fee Disputes Matter

ATM fees are one of the most common sources of unexpected bank charges. Most customers assume that if they use an out-of-network ATM, they will be charged the fee disclosed in their account agreement — not more. When a bank charges fees beyond what it disclosed, it undermines the basic agreement between a customer and their bank.

Class action settlements like this one allow large groups of customers who each suffered a relatively small financial harm to band together and seek a remedy that would not be practical to pursue individually. The settlement does not mean Bank of America broke the law — only that the parties agreed to resolve the dispute.

Key Dates to Know

• July 29, 2026 — Claim deadline for former Bank of America customers
• August 21, 2026 — Final approval hearing

If you are a current Bank of America customer who used 7-Eleven ATMs, check your eligibility now. If you are a former customer, do not wait — the July 29 deadline is firm.