Bank of America 7-Eleven settlement is trending — here is why
The Bank of America 7-Eleven settlement is getting a lot of attention online after news spread about a $2.25 million class action settlement involving ATM balance inquiry fees at certain 7-Eleven locations.
The case focuses on Bank of America account holders who were allegedly charged more than one out-of-network balance inquiry fee during the same visit to an FCTI-owned ATM located inside a 7-Eleven store. According to the official settlement website, people who were assessed these fees may be eligible to receive monetary compensation if the court gives final approval to the settlement.
The settlement is connected to the case Schertzer, et al. v Bank of America, N.A., et al., Case No. 3:19-cv-00264-DMS-MSB.
What happened?
The lawsuit claimed that Bank of America improperly charged customers multiple out-of-network balance inquiry fees during a single visit to certain ATMs located in 7-Eleven stores.
More specifically, the settlement covers Bank of America account holders who were charged more than one out-of-network balance inquiry fee during the same visit to an FCTI-owned ATM in a 7-Eleven store between May 1, 2018, and November 16, 2021.
Bank of America has not admitted wrongdoing. The bank agreed to the settlement to resolve the lawsuit and avoid continued litigation.
How much is the settlement?
The settlement fund is $2.25 million. If the court gives final approval, eligible class members may receive an equal pro-rata share of the net settlement fund. That means the final payment amount may depend on how many people are eligible and how many valid claims are submitted.
At this stage, there is no fixed payment amount listed for each person. Several settlement tracking sites also list the potential individual reward as TBD, meaning “to be determined.”
Who may qualify?
You may be part of the settlement class if:
You are or were a Bank of America account holder in the United States.
Bank of America charged you more than one out-of-network balance inquiry fee during the same visit to an FCTI-owned ATM located inside a 7-Eleven store.
The transaction happened between May 1, 2018, and November 16, 2021.
You did not already make a valid claim and receive payment in the related Weiss v. FCTI Inc. case.
People who received an email or postcard notice about the settlement are likely class members, according to Claim Depot’s summary of the case.
Do current Bank of America customers need to file a claim?
Current Bank of America account holders who received a notice may not need to do anything. The official settlement website says that if a current account holder does nothing and the court approves the settlement, they will receive an equal pro-rata distribution of the net settlement fund.
Former Bank of America account holders are different. If you are a past account holder and received notice, you must submit a claim form to receive payment.
Important deadlines
There are several important dates customers should know:
Claim form deadline: June 29, 2026
Deadline to request exclusion: July 7, 2026
Deadline to object: July 7, 2026
Final fairness hearing: August 21, 2026
The official settlement website says former account holders must submit their claims by the claim deadline to be eligible to receive an equal pro-rata share of the net settlement fund.
Why is everyone searching for this now?
The topic is trending because it combines three things people pay attention to immediately:
First, it involves a major bank.
Second, it involves possible money for customers.
Third, it has a clear deadline.
When people see “Bank of America,” “7-Eleven,” “ATM fees,” and “settlement” in the same headline, they naturally want to know one thing: Do I qualify?
That is why searches for the Bank of America 7-Eleven settlement have jumped sharply.
Where should people check?
The safest place to check details is the official settlement website:
OONFeeSettlement.comThe official site states that it is the only authorized website for this case and is controlled by the settlement administrator approved by the court.
Final takeaway
The Bank of America 7-Eleven settlement is not about every Bank of America ATM transaction. It is about a specific issue: multiple out-of-network balance inquiry fees at FCTI-owned ATMs located in 7-Eleven stores during a specific time period.
If you were a Bank of America account holder and used these ATMs between May 1, 2018, and November 16, 2021, it may be worth checking the official settlement website to see whether you are included.
The key date to remember is June 29, 2026, which is the claim deadline for former account holders. Current account holders who received notice may not need to file a claim, but they should still review the official information carefully.
