$167.5M Visa, Mastercard Non-Bank ATM Class Action Settlement

Visa and Mastercard have agreed to pay a combined $167.5 million class action settlement over allegations that they violated federal and state antitrust laws by prohibiting independent ATM operators from charging different access fees based on the network used to process transactions.

The non-bank ATM settlement benefits individuals who were charged an access fee for a cash withdrawal at an independent ATM between October 24, 2007, and August 14, 2026, and were not fully reimbursed by their bank. Individuals from California, Illinois, Massachusetts, and Michigan are included as separate state-wide classes.

Visa agreed to pay $88,775,000, while Mastercard will contribute $78,725,000 to the settlement fund.