If you’ve used a Visa or Mastercard and paid ATM fees between 2007 and 2024, you could qualify for a $1797 direct payment in January 2025.
This payment stems from a $197.5 million settlement over allegations of inflated ATM fees.
Here’s a complete guide to understanding your eligibility, filing a claim, and ensuring you don’t miss this opportunity.
What’s the Settlement About?
Visa and Mastercard, alongside several major banks, were accused of colluding to maintain inflated ATM access fees, violating federal antitrust laws.
This resulted in higher costs for millions of cardholders using third-party ATMs.
The settlement ensures affected users are compensated for overcharged fees over nearly 17 years.
Key Details of the Settlement
| Aspect | Details |
|---|---|
| Settlement Amount | $197.5 million |
| Eligibility Period | October 1, 2007 – July 26, 2024 |
| Claim Deadline | January 22, 2025 |
| Max Payment | $1797 per claimant |
| Official Website | For filing claims and updates |
Who Can Claim?
You may qualify if:
- You Paid ATM Fees: You used a Visa or Mastercard and paid unreimbursed ATM access fees.
- Within the Time Frame: Transactions occurred between October 1, 2007, and July 26, 2024.
- ATM Network Used: The transaction was made at an ATM within the Visa or Mastercard network.
What About Previous Claimants?
If you’ve participated in related settlements, your information will automatically be considered, making it easier to receive compensation.
How to File Your Claim
Filing a claim is straightforward and can be done online or by mail.
1. Online Submission
- Visit the official settlement website.
- Complete the claim form with your details (transaction dates, card usage, etc.).
- Documentation is not required initially, but keep proof handy in case it’s needed later.
2. Mail Submission
- Download the claim form from the official website.
- Fill it out accurately and mail it to:ATM Surcharge Settlement
P.O. Box 170500
Milwaukee, WI 53217
Deadline: Claims must be submitted by January 22, 2025.
Maximizing Your Payout
Payment Calculation
The payout amount depends on several factors:
- Number of Claims Filed: Fewer claims mean larger payouts per individual.
- Fees Paid: Claimants who paid higher fees may receive more.
- Accuracy of Information: Providing accurate details ensures faster processing.
Tips for Success
- File Early: Early submissions reduce the risk of errors or delays.
- Gather Documentation: Keep transaction records as they may be requested later.
- Check Updates: Monitor the settlement website for news or additional requirements.
- Spread the Word: Let family and friends know, especially if they qualify.
Why It Matters
This settlement isn’t just about financial compensation—it’s about accountability.
By participating, you help enforce fairer practices and protect future consumers from unfair charges.
For many, the $1797 payout is a significant reimbursement for years of unwarranted fees. It’s a win for individuals and a step toward greater transparency in financial systems.
