【June 2023 Update】According to DOC reports, this class action has recently started sending out payments, with amounts ranging from $10-$200. If you filed a claim, remember to check whether the payment method you entered earlier has received the money.
About this ATM lawsuit
Lawyers filed a lawsuit against Chase, Wells Fargo, and Bank of America over alleged collusive pricing of fees charged for cash withdrawals at their ATMs with cards issued by other banks. The banks denied the allegations, but reached a settlement, with total compensation of $67,000,000. If you used these three banks' ATMs between October 1, 2007 and November 12, 2021, and were charged a fee, you can fill out the form to receive compensation.
Requirements
Eligible people are:
- People who used Chase, Wells Fargo, or Bank of America ATMs between October 1, 2007 and November 12, 2021
- People who used a card issued by a U.S. bank other than the ATM operator's bank, and were charged a fee (excluding fees that were already reimbursed)
Because eligibility is limited to cards issued by U.S. financial institutions, fees charged to Chinese bank cards are not included.
Claims had to be submitted by May 11, 2022. Other important dates are below.
How to file
I tried it myself, and submitting does not require evidence, screenshots, or ATM receipts; just fill in your personal information.
First confirm whether you qualify, and then you'll be told that this payment will be sent directly to your email. You can use the link in that email to receive the funds via PayPal, a virtual debit card, or request a paper check.
Fill in your personal information.
Answer whether you used an ATM during this period, were charged a fee, and how many times you used an ATM.
Sign to submit.
About class actions
A class action is when a large group of people sue the same company for compensation over the same issue. For example, Company A sells a new computer to 1,000 customers. Among them, 600 people find that the screen quality has problems, and 50 of them join together to sue Company A for damages. Once the case qualifies as a class action, those 50 people represent all 1,000 customers who bought that computer and sue over the screen issue. If you do not opt out of the class action, you are automatically included, and you can no longer sue again for the same reason. Any compensation eventually received will be divided equally among the 1,000 people (if everyone has no objections and everyone files a claim). Of course, you can also opt out of the class action, in which case you retain the right to sue on your own and seek compensation. If you have questions about class actions or are interested, you can read our dedicated guide: