If you’ve used a Visa or Mastercard debit or credit card for ATM withdrawals in the past, you could be entitled to a refund of up to $1,797. A major settlement has been reached requiring Visa and Mastercard to return $197 million to customers who were unfairly charged extra ATM fees.
This payout comes as part of a lawsuit that accused the two companies, along with major banks like JPMorgan Chase, Wells Fargo, and Bank of America, of imposing illegal surcharges on ATM withdrawals. The court ruled that these fees violated federal antitrust laws, leading to this massive refund.
Who Qualifies for the Refund?
Not all Visa and Mastercard users are eligible. To receive a payment, you must meet these conditions:
- The withdrawal must have been made between October 1, 2007, and July 26, 2024.
- You must have been charged an ATM fee by a bank within the Visa or Mastercard network.
- The bank must be one of the institutions involved in the lawsuit, such as JPMorgan Chase, Wells Fargo, or Bank of America.
If you meet these criteria, you may be eligible to receive a refund.
How to Claim Your Refund
Getting your money back is simple. Just follow these steps:
- Find Your Proof – Gather ATM receipts or bank statements showing the fees you paid.
- Submit Your Claim – Visit the official settlement website and fill out the online claim form.
- Meet the Deadline – Claims must be submitted by January 22, 2025, so don’t wait!
If you previously filed a claim for these ATM fees, you do not need to submit another one unless you incurred additional surcharges after your last claim.
Why This Matters
This case highlights the importance of transparency in banking fees. Many consumers have unknowingly paid unfair charges for years, and this settlement is a step toward holding financial institutions accountable.
Make sure you check if you qualify—this could be a rare chance to get some of your hard-earned money back! Visit the settlement website today and submit your claim before the deadline.
