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2w ago

Visa, Mastercard Propose $167.5 Million Settlement Over Independent ATM Fees

The filing seeks to resolve claims over network rules said to keep prices elevated on withdrawals at independent machines.

Visa and Mastercard cards are placed on a keyboard in this illustration taken September 24, 2025. REUTERS/Dado Ruvic/Illustration
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Overview

  • The proposed class settlement was lodged in the federal district court in Washington and requires a judge’s approval.
  • Visa would contribute about $88.8 million and Mastercard about $78.7 million to the $167.5 million fund.
  • Eligible claimants are ATM users who paid unreimbursed access fees at non‑bank machines for transactions dating back to October 2007.
  • Plaintiffs’ lawyers plan to ask for up to 30% of the fund, or about $50 million, in fees, and the companies deny wrongdoing.
  • Filed in 2011, the case is one of three related suits in D.C., with a separate action by independent ATM owners still pending and prior settlements including $197.5 million agreed last year and $66 million from banks in 2021.