Bank of America Hit with ATM Fee Fiasco

• Bank of America settles class-action lawsuit over ATM fees.
• Affected customers may be entitled to a portion of the $2.25 million settlement.
• Former Bank of America customers must file a claim by July 29, 2026, to receive compensation.
• Avoiding out-of-network ATM fees can be achieved through online banks, credit unions, or premium checking accounts.

License to Billions: The Case Unfolds

The name's Bond, James Bond. And it seems even I'm not immune to the machinations of modern banking. Word on the street – or rather, in the California federal court – is that Bank of America found itself in a rather sticky situation. A class-action lawsuit, originally filed in 2019, suggests they may have been a bit too enthusiastic with out-of-network ATM fees between May 2018 and November 2021. Double-charging for balance inquiries at FCTI-owned ATMs in 7-Eleven locations, no less. A rather ungentlemanly move, if you ask me.

The Quantum of Solace (and Settlement)

Now, Bank of America, ever the picture of corporate composure, has denied any wrongdoing. Classic. They've agreed to a $2.25 million settlement to avoid further "burden, expense, risk, and uncertainty." A bit like defusing a bomb, really – only with slightly less explosive consequences. A final approval hearing is scheduled for August 21, 2026. Plenty of time to enjoy a martini, shaken, not stirred, while waiting for the verdict. Just like a certain someone claimed Trump Claims Iran War Swimmingly Perfect, Just Like My Wife.

Who Dares Wins (a Share of the Settlement)

So, who gets a slice of this pecuniary pie? Any Bank of America account holder who was charged more than one out-of-network balance inquiry fee at those pesky FCTI-owned ATMs in 7-Elevens between May 1, 2018, and November 16, 2021. You might have received a notification by email or postcard. If not, a quick call to 833-447-8321 or a visit to the settlement website should clear things up. Of course, if you already received payment in the *Weiss v. FCTI, Inc.* case, consider yourself out of the running. One can't be too greedy, darling.

From Russia With Love (for Your Money)

Eligible customers will receive an equal share of the $2.25 million, after the lawyers and administrators have had their fill, naturally. How much? Depends on how many claims are filed by the July 29, 2026, deadline. The more, the merrier – but the smaller the individual payout, alas. It's a bit like dividing a bottle of Dom Pérignon amongst too many thirsty agents. Never ends well.

Never Say Never (to Filing a Claim)

If you still have a Bank of America account and received a notice, sit tight. A payout should automatically land in your account. Former account holders, however, need to file a claim via the settlement website by July 29, 2026. Object to the court's decision? Want to sue Bank of America separately? You've got until July 7, 2026, to submit your request. Details, as always, are on the settlement website.

The World Is Not Enough (Without Avoiding ATM Fees)

ATM fees have reached a record high, you see. Almost five dollars for an out-of-network withdrawal. Highway robbery, I say. Online banks and credit unions, such as Alliant Credit Union and Ally Bank, offer fee-free access or reimbursement for out-of-network fees. Premium checking accounts from HSBC and Chase are also worth a look. After all, a penny saved is a penny earned – and every penny counts when you're trying to save the world. Now, if you'll excuse me, I have a poker game to win… and a world to save.