Have you seen the headlines about Visa and Mastercard users receiving a $1,797 direct payment? You’re not imagining it—there’s a real settlement in the works. If you’ve used a bank-operated ATM in the U.S. since 2007, you could be owed a piece of this multi-million-dollar case. This guide will break down what the settlement is all about, who qualifies, how to claim your share, and what it means for your wallet.
Overview
Let’s take a quick look at the details of the case:
| Detail | Explanation |
|---|---|
| Total Settlement | $197 million combined between Visa and Mastercard |
| Reason | Alleged inflation of ATM fees by payment networks |
| Eligible Users | Anyone who used Visa/Mastercard at bank-operated ATMs since 2007 |
| Payment Estimate | Up to $1,797 (final amount depends on claims submitted) |
| Court Status | Awaiting final approval before claims process begins |
| Official Info | Check the official settlement website for updates |
The direct payments are part of a class-action settlement designed to compensate consumers for years of alleged ATM overcharges.
Why
The lawsuit accuses Visa and Mastercard of working with banks to artificially inflate ATM fees at bank-operated machines. By controlling network rules and limiting competition, it’s claimed that they created an unfair pricing structure that hit consumers with higher fees.
Though both companies deny any wrongdoing, they’ve agreed to settle to avoid prolonged litigation. This is common in large cases like this, especially when it involves practices that may have gone unchecked for years.
Breakdown
Here’s how the settlement money is split:
- Visa: $104.6 million
- Mastercard: $92.8 million
Roughly 175 million people in the U.S. may be eligible. If you’ve used an ATM during the covered period, your payout depends on how often you used it and how many others file a claim.
The much-talked-about $1,797 figure is an estimate for some users based on projected averages. However, the actual amount you receive will depend on the total claims submitted and your documented usage.
Who
You might qualify if:
- You used a Visa or Mastercard debit or credit card
- The transaction was made at a bank-operated ATM
- The usage occurred anytime from 2007 to the present
You don’t need to have been a heavy ATM user—even occasional use might qualify you for a payment.
What Doesn’t Qualify
Non-bank ATMs (like those in gas stations, convenience stores, or bars) are not covered under this particular settlement. Separate cases may arise around those in the future.
How
Even though the court hasn’t given the green light for payouts just yet, here’s what you can do to prepare:
Step 1
Ask yourself: Did I use a Visa or Mastercard card at a bank-owned ATM since 2007? If yes, you’re likely eligible.
Step 2
Start collecting:
- Old bank statements
- ATM withdrawal receipts
- Any evidence of fees paid
Even if you don’t have full records, partial proof can support your claim.
Step 3
The official claims site will open once the court approves the settlement. Bookmark it, sign up for updates, and check frequently.
Step 4
When the process opens, fill out the claim form online or by mail. Accuracy matters—submit your details carefully to avoid delays or denial.
Step 5
Once your claim is verified, you’ll receive your payment. Distribution may take several months depending on how complex your claim is.
Impact
This case isn’t just about ATM fees. It’s about making sure corporations operate fairly and transparently. The fact that this case dates back more than a decade shows how long it can take for consumers to get justice—but it also proves that it’s worth the effort.
For years, consumers have dealt with vague or unexplained fees. This settlement pushes financial institutions toward greater accountability.
Tips
While you wait for your claim, here are a few smart ways to avoid future ATM fees:
- Stick to your bank’s ATMs: Most banks won’t charge you for using their own machines.
- Make fewer withdrawals: Reduce how often you need cash to limit fees.
- Use apps to find free ATMs: Most banking apps now include ATM locators.
- Go digital: Use mobile payments and cards instead of cash when possible.
- Check for fee reimbursement: Some banks refund ATM fees—see if yours does.
Knowing this settlement isn’t just about a payout—it’s about becoming a smarter, more empowered consumer.
FAQs
Who qualifies for the Visa/Mastercard payout?
Anyone who used a Visa or Mastercard at bank-operated ATMs since 2007.
Is the $1,797 payment guaranteed?
No, it’s an estimate. Final payouts depend on number of claims.
What documents do I need?
Bank statements, ATM receipts, or any proof of ATM usage.
When will the claims process begin?
After the court grants final approval of the settlement.
Are non-bank ATM users included?
No, this settlement only applies to bank-operated ATM transactions.
