$197.5M ATM fees class action settlement

Visa and Mastercard agreed to a $197.5 million ATM fee settlement to resolve claims they charged unlawful surcharges on ATM transactions.

The settlement benefits individuals and entities that paid an unreimbursed ATM access fee directly to JP Morgan, Wells Fargo, Bank of America or banks that are members of the Visa and/or Mastercard ATM networks between Oct. 1, 2007, and July 26, 2024.

Plaintiffs in the ATM class action lawsuit claimed banks and ATM networks conspired to charge unlawful surcharges on ATM transactions. This agreement allegedly violated federal antitrust laws.

Visa and Mastercard are digital payment companies.

In the past, JP Morgan Chase, Wells Fargo and Bank of America agreed to settlements totaling $67 million to resolve their liability in the case. Now, Visa and Mastercard agreed to additional settlements to resolve the claims against them. Visa will contribute $104.675 million, and Mastercard will contribute $92.825 million for a total settlement fund of $197.5 million.

Under the terms of the ATM fee settlement, class members can receive a cash payment based on the ATM surcharges they paid during the class period. No payment estimates are available at this time.

Class members who previously filed a claim and received payment from a past settlement regarding the same issue do not have to file another claim. These class members will automatically receive a settlement payment based on the information they previously submitted. Class members who experienced additional surcharges since filing their initial claim can submit another claim form including these newer charges.

The deadline for exclusion and objection is Nov. 22, 2024.

The final approval hearing for the settlement is scheduled for Jan. 23, 2025.

To receive ATM fee settlement benefits, class members must submit a valid claim form by Jan. 22, 2025.

Who’s Eligible

Individuals and entities that paid an unreimbursed ATM access fee directly to JP Morgan, Wells Fargo, Bank of America or banks that are members of the Visa and/or Mastercard ATM networks between Oct. 1, 2007, and July 26, 2024

Potential Award

Varies

Proof of Purchase

ATM receipts and electronic records

Claim Form

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Claim Form Deadline

01/22/2025

Case Name

Mackmin, et al. v. Visa Inc., Case No. 1:11-cv-01831-RJL-MAU, in the U.S. District Court for the District of Columbia

Final Hearing

01/23/2025

Settlement Website

ATMClassAction.com

Claims Administrator

ATM Surcharge Settlement
P.O. Box 170500
Milwaukee, WI 53217
[email protected]
877-311-3724

Class Counsel

Steven Berman
HAGENS BERMAN SOBOL SHAPIRO LLP

Stephen Neuwirth
QUINN EMANUEL URQUHART & SULLIVAN LLP

Steven A Skalet
MEHRI & SKALET PLLC

Defense Counsel

Matthew A Eisenstein
ARNOLD & PORTER KAYE SCHOLER LLP

Kenneth A Gallo
PAUL WEISS RIFKIND WHARTON & GARRISON LLP