Visa and Mastercard set to pay $197m to settle US ATM fee lawsuit
Visa and Mastercard are set to pay a combined $197.5 million to settle a historic class action lawsuit in the USA relating to allegations of fixing the price of ATM fees.
The lawsuit was first filed back in October 2011
According to the filing by the plaintiffs’ lawyers last week, the settlement relates to “individuals and entities who were charged unreimbursed access fees to withdraw cash at bank-operated ATMs” since 1 October 2007.
The ATM users represented in the case allege that Visa and Mastercard “agreed, among other things, to so-called Non-Discrimination Rules that allegedly had the effect of increasing the amount of ATM Access Fees paid by the Settlement Class”, according to the filing.
The settlement is subject to court approval. Should it be approved, the filing says it will “resolve all of plaintiffs’ claims against the Network Defendants and will bring this longstanding and hard-fought case to a close”. The lawsuit was first filed back in October 2011.
Both Visa and Mastercard have denied any wrongdoing.
Subject to court approval, Visa will pay 53% of the settlement amount, totalling $104.6 million, while Mastercard will pay the remaining 47%, totalling $92.8 million.
The money will be placed in a Settlement Fund and will be distributed among class members who submit valid claims.
Visa did not respond when contacted by FinTech Futures on the matter, while Mastercard declined to comment.
The plaintiffs previously secured a $66.74 million settlement with US banks JP Morgan, Wells Fargo and Bank of America in August 2022 as part of the same case, with total recovery now standing at $264.24 million.
I used the ATM i don’t know how many times i would like my money back
Would like my fees refunded please. Thank you.
I’ve used the ATM plenty of times and I would like to be refunded as well…Thank you.
I would like my fees refunded
I would like my ATM fees refunded.
I lost money I know I used the ATM a lot of times.
Yes I would like all my fee’s back from the ATM
I have used ATM every since the created them, I hated use ATM machine because you have to pay money to get your own money, and plus pay two fee, ATM fees and the bank fees I want in the case act
I’ve used multiple ATMs over the years and have always felt as though I was overcharged on ma y an occasion.
I hope I hear from them
I’ve been using visa card for several years now. I have withdrawn money from ATM’s from several different locations where it supposed to be free to withdraw. But, I was charged two different fees. One from visa and the other from the bank. Which supposed to be free of charge.
I use them all the time first feed were $1.00 some places $2.50….
Now it’s $3.50 just to draw off $200.00 it’s ridiculous to have to pay to get your own money from machine!!! Infuriated 😠
I have used the ATM plenty of times. I would like my refund
I’ve used the ATM all the time since day one I want my money back
Yes I use it all the time and want my money back
I would love to have money back from using ATM. How do I get it back
It’s a fact every time I use one I feel like I’m being ripped off. I’m just saying.
Yes I’ll used ATM Machines, and have been over charged server Times and yes I would like my Money Back. Please
How can I get started with my law suit?
I use them all the time. It would be nice getting all those fees refunded.
This has happened to me as well and I want my money back also.
Much as I used my card for cash back they should owe me over 5,000 or more
It’s ridiculous every time I use the ATM and take out 10 20 50 bucks and I have to pay two ATM fees just to take out the money from my account is absurd and unbelievably ridiculous! Would like to be reimbursed and compensated please!
I would like my money back also for using the ATM and paying high fees
Yes I would love a refund on my ATM Fees
I’ve used ATM machines and it would be nice to be included in this class action suit.
I want my fee’s refumded
how often does this happens an we don’t even this about it.
I’ve lost money while using those ATM’,s for years
How do we all do this to get our money back?
I have been using ATM and have been paying fees. I want my.money
Now how do we get our fees refunded?
I’ve used the ATMs and have been billed outrageously and just had to pay the fees that or loose my account. Obviously I couldn’t do that …so pay the high fees and taxes I sure did .. I sure would like to get some of that lawsuit money
I have use it all the time I would like my refund
I would like my fees refunded as well thank you
I want and really need my money back!!!!
What about cash app
I too have used the ATM alot and have had many ATM charges. I would like to be apart of this settlement.
You use visa and Mastercard I would love to have my money back
I use ATM and I am being charged $3.50 some places $2.50 I’ve been doing this over the last 10 years I hate them taking my money 💰🤑
I’ve paid up to 5 dollars some places
I’ve lost a lot of money using ATM. I would love to have my money back
I always use the ATM I will love money back I truly need it
I would like my refund back I used the atm don’t remember the date
I’ve used my debit cards I would like my reimbursement
I would like a settlement/refund.
Warms, Jana Soriano
Add me
Definitely ATMs are making a killing of us hard working people and to have your hard earned money taken just for using an ATM for money that belongs to you is outrageous. I would love to have all the money back that was taken from me thru the ATM.
I have been using the ATM since the suit had started and I would also like a refund as well…
I have used the ATM from 2010 to present. Not sure of dates 😕
It’s big relief 😮💨
It’s big relief 😮💨 to get our money 💰 back.
So many dates I don’t remember.
Would love my refund back I’m on a limited income and count on every dime ,
We sign up but nothing ever happens I’d be surprised if it does
Use the cash app and A t m machine
I used ATM machine.
And the cash App and they charge too much every time
I’ve used a visa and Mastercard for years. I would like my money back Ty.
I used the atm all of the time. How do I get added to the lawsuit!
I would love and need my money back.
Give me money
I would like my money returned to me. How do you submit your claim
I would like my money back please. I’ve used visa and master card for years.
I would like to have my money back for the atm fees
Yes it is ridiculous that when you go to the ATM you have to pay $4 to get $20 I would like my money refunded also
I have been using ATM until the fees got to high
I would like to receive the refund
I would like my money back. They shouldn’t charge to withdraw your money.
I shouldn’t be charged to take out my own money.
I want my part of the settlement being using ATM since they came out
I know I’m owed a refund!
I have used Visa and MasterCard for many years. I would like my money back.
I used ATM,would like to part of this settlement
i want my money back also.
I’d also like to be reimbursed
Yes I paid a lot for ATMs I want my money back and more I want to file a claim and collect so tell me how to file a claim.