Visa and Mastercard to Pay $167.5 Million to Settle ATM Surcharge Lawsuit

Visa and Mastercard have agreed to a $167.5 million settlement to resolve allegations that they prevented independent ATM operators from offering lower fees. The settlement covers U.S. consumers who paid unreimbursed surcharges at non-bank ATMs between October 24, 2007, and August 14, 2026. Claimants can submit requests through February 10, 2027, via the official settlement portal, with a final approval hearing scheduled for February 17, 2027. Both companies deny any wrongdoing despite the agreement.