If you’ve ever used an ATM and paid an annoying surcharge, you may be entitled to compensation as part of a massive $197.5 million class action settlement. Visa and Mastercard have agreed to pay up after being accused of inflating ATM fees for over a decade. Here’s everything you need to know about this settlement, how to check if you qualify, and how to file your claim.
What Is This Settlement About?
This lawsuit alleged that Visa and Mastercard engaged in practices that caused higher ATM fees for consumers. While the companies deny any wrongdoing, they’ve agreed to pay $197.5 million to resolve the claims.
- Visa is contributing $104.6 million.
- Mastercard is adding $92.8 million.
This settlement covers people who paid ATM surcharges while using cards tied to these networks.
Who Can File a Claim?
To qualify for a payment, you must meet these conditions:
- You’re a U.S. resident.
- You paid an ATM surcharge to withdraw cash at an ATM in the U.S. that was part of Visa or Mastercard’s network.
- The transaction happened between October 1, 2007, and July 26, 2024.
Major banks like Chase, Wells Fargo, and Bank of America are included in the networks tied to this case.
How Do You File a Claim?
Submitting a claim is straightforward, but you’ll need to act quickly.
- Visit atmclassaction.com to complete the claim form online.
- Provide a sworn statement confirming that you paid ATM surcharges.
- While you don’t need to submit proof upfront, you should keep records like receipts or bank statements just in case.
You can also mail your form to:
ATM Surcharge Settlement
P.O. Box 170500
Milwaukee, WI 53217
When Is the Deadline?
- The deadline to file your claim is January 22, 2025.
- A final hearing to approve the settlement is scheduled for January 23, 2025.
How Much Money Can You Get?
The exact amount each claimant will receive depends on how many people file claims. The $197.5 million settlement fund will be divided among all valid claims, so the more people who participate, the smaller each payment may be.
Next Steps
If you think you qualify, here’s what to do:
- Check your eligibility by reviewing your ATM transactions between 2007 and 2024.
- File your claim online or by mail before the deadline.
- Keep an eye out for updates or requests for additional information.
For all the details and to access the claim form, visit atmclassaction.com.
This settlement offers a chance for consumers to recover money they might not even realize they’re owed. Don’t miss the opportunity to claim your share, the clock is ticking!
