Under the Bank of America 7‑Eleven settlement, Bank of America has agreed to pay $2.25 million to account holders who were charged more than once in a single visit for “out‑of‑network balance inquiry fees” at FCTI ATMs inside 7‑Eleven stores between May 1, 2018, and November 16, 2021. This class‑action settlement resolves claims that the bank improperly charged account holders twice during the same ATM session, breaching its own fee terms. If you used 7‑Eleven ATMs during this period and were hit with back‑to‑back “out‑of‑network” balance‑check fees, you may be eligible for a payment from this bank of america 7‑eleven settlement.
What’s in the Settlement?
The Bank of America 7-Eleven settlement is a “class action” class-action settlement that deals with out-of-network balance inquiry fees at FCTI ATMs in 7-Eleven stores.
Case Name: Schertzer, et al. v. Bank of America N.A., et al. (Case No. 3:19‑cv‑00264‑DMS‑MSB, Southern District of California).
Funding Amount: $2.25 million (class action fund).
The bank has admitted no wrongdoing, but has agreed to the settlement to avoid legal costs.
What matters have been decided?
According to the lawsuit’s contentious statement:
Bank of America charged two “out-of-network balance inquiry fees” at the same time at FCTI ATMs in 7‑Eleven stores, which were not permitted under the bank’s contract.
These fees were deemed a breach of contract between the bank and the customer.
These fees caused unnecessary financial strain on account holders.
Eligibility Criteria – When are you eligible?
You are eligible under this Bank of America 7‑Eleven settlement if you meet the following conditions:
Period: May 1, 2018 to November 16, 2021.
Location: FCTI-owned ATMs in 7‑Eleven stores.
Incident: You were charged an “out-of-network balance inquiry fee” more than once during a single visit.
Automatic use: You have paid or will be paid on this charge.
Other cases: You must not have already received compensation from the Weiss v. FCTI Inc. ATM fee case (that is a separate, “out-of-network fee” case against FCTI).
How can you get benefits now? Process and dates
If you are a class member, the remedy is to change your role to member or complainant/out:
Remain in the class – take no action and your name will remain in the class (if a member).
Opt-out: The deadline is July 7, 2026.
Object: If you do not agree with the settlement, you have the option to file a lawsuit in court.
Final approval of the settlement – A court hearing is scheduled for August 21, 2026; Only then will the compensation process begin.
How much can be received as compensation?
Total fund: $2.25 million (net settlement fund).
Distribution method: **Equal share based on the size of each valid claim.
A fixed amount (such as XX dollars) has yet to be determined for each member.
