Settlement Structure: Claims Made
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.Case Summary:
This is a $67 million partial settlement by defendants JPMorgan Chase & Co., Wells Fargo & Co., Wells Fargo Bank, Bank of America, NA, and Bank of America Corporation. These companies have agreed to settlements in a larger class action alleging that a number of banks and other entities violated federal antitrust laws by imposing restraints that raised ATM surcharges. The complaint alleged that when consumers used bank cards for a cash withdrawal at an ATM owned by an entity other than their card issuer, they were assessed an inflated surcharge.
The case is ongoing against the defendants who have not settled, including Visa, Inc., Visa USA, Inc., Visa International Service Association Plus System, Inc., Mastercard, Inc., Mastercard International, Inc. (which does business as Mastercard Worldwide), and NB Holdings Corporation.Docket Number:
Company: JPMorgan Chase & Co.
Filing Deadline: May 11, 2022
Class Period: October 1, 2007 to November 12, 2021
Objection Deadline: March 11, 2022
Exclusion Deadline: March 11, 2022
Final Approval Hearing: May 17, 2022Proof of Purchase:
You do not have to provide proof.Eligibility:
You may be eligible if you are an individual or entity who paid an unreimbursed ATM access fee directly to any of the bank defendants or bank co-conspirators, at an ATM owned by an entity different from the one that issued your card, to withdraw cash at an ATM located in the US, at any time between October 1, 2007 to November 12, 2021.
You are not eligible if all of your surcharged ATM transactions were reimbursed, or if the card you used was issued by a financial institution located outside the US.Typical Settlement Amount:
Pro-rata share of the net settlement fund. Payment amount depends on the number of valid claims received.
Total Settlement Amount: $67,000,000Class Representative Proposed Incentive Fee:
Mehri & Skalet PLLC
Quinn Emanuel Urquhart & Sullivan LLP
Claim Form: ATM Surcharge Settlement Claim Form
Case Name: Andrew Mackmin, et al. v. Visa Inc., et al.
Settlement Website: ATM Surcharge Settlement Website
ATM Surcharge Settlement
P.O. Box 170500
Milwaukee, WI 53217