Visa-Mastercard Class Action Settlement 2025: Know Eligibility & Payment Dates

If you are one of the many customers who were unfairly charged ATM fees by Visa and MasterCard, you will soon be able to claim your refund. In a major legal decision, Visa and MasterCard have agreed to a $200 million class action settlement. As a result, you along with millions of other customers across the U.S.are now eligible to claim your refund.

This is a landmark case that will be remembered for years as a strong stand for customer rights. And that’s exactly why this article is for you. Whether it’s about checking your eligibility or applying for your refund, everything you need to know is right here.

Visa-Mastercard Class Action Settlement 2025

Visa, MasterCard, and major banks like JPMorgan Chase, Wells Fargo, and Bank of America charged U.S. consumers extra ATM fees for yearsoften without the customers even realizing it. The lawsuit claimed that these companies worked together to keep ATM fees unnecessarily high, which is a violation of antitrust laws. This practice directly harmed consumers by increasing their costs without any clear explanation.

To ensure that consumers receive justice and are compensated for their losses, the court has passed a decision that allows affected individuals to receive refunds of up to $2,000. This ruling has been made to bring more transparency and fair practices into the financial system, especially in how ATM fees are charged.

Visa and MasterCard Class Action Settlement

After allegations were made against Visa and MasterCard, both companies agreed to a $200 million class action settlement under an official legal decision. The accusation was that both companies, along with major banks, added unfair surcharge fees on ATM withdrawals. As part of the settlement, Visa paid $104.6 million and MasterCard paid $92.8 million. The main aim of this settlement is to give compensation to the people who were affected by these extra charges.

Visa-Mastercard Settlement Details

The allegation was that Visa and MasterCard, in partnership with big banks like JPMorgan Chase, Wells Fargo, and Bank of America, intentionally increased ATM surcharge fees. They even applied these charges on basic transactions, which is a clear violation of antitrust laws. Because of this, consumers ended up paying more money for simple services. The companies tried to limit fair competition, which directly harmed common people. The court agreed that this was a non-transparent and anti-competitive practice. That’s why a case was filed against them, leading to this major settlement.

This decision by the court is a strong message that no company has the right to mistreat consumers or violate their rights. That’s why the court not only ordered Visa and MasterCard to pay the settlement but also told them to review and improve their fee policies. Now, banks and financial companies will have to keep their practices transparent, avoid monopoly, and give more importance to customer trust and fair competition. This ruling sets an example that protecting consumer rights is more important than profits.

Legal experts suggest that people should check their transaction history and stay aware. A refund of up to $2,000 will be given to those customers who made transactions using Visa or MasterCard ATMs between 2007 and 2024. The process to apply for the refund, along with all the necessary details, will soon be released on the official website. So, affected users are advised to stay updated and make sure they don’t miss the opportunity to claim their rightful compensation.

Who Is Eligible for the Refund?

• Customers who used an ATM between October 1, 2007, and July 26, 2024, are eligible for the refund.
• Only those customers who made ATM withdrawals using Visa or MasterCard are eligible for the refund.
• Customers who were charged non-refundable ATM surcharge fees are eligible for the refund.
• Customers who made ATM withdrawals using machines operated by JPMorgan Chase, Wells Fargo, or Bank of America are eligible for the refund.
• Customers who did not make any purchase and only used ATMs for withdrawals are also eligible for the refund.
• The refund is not only limited to large transactions but also applies to small ATM withdrawals.
• Only U.S.-based customers who used ATMs within the United States are eligible for the refund.
• Customers who were charged multiple times may be eligible for a higher refund of up to $2,000.

How to Apply for the Refund?

• Visit the ATM Surcharge Settlement portal (link to be announced soon).
• Fill out the online claim form, or download a physical form if you prefer to submit it by mail.
• Keep documents like bank statements or ATM transaction receipts that show surcharge fees ready.
• Carefully fill out your accurate details, such as transaction dates, card network (Visa or MasterCard), and ATM locations.
• Keep a copy of the filled form and submitted documents for your personal reference in the future.

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