Visa, Mastercard propose $167.5 million ATM surcharge settlement

  • Visa and Mastercard proposed a settlement covering claims over independent ATM surcharge rules.
  • $167.5 million would enter the settlement fund through Visa and Mastercard payments.
  • Claim forms are due February 10, 2027, with an approval hearing scheduled February 17, 2027.

Visa and Mastercard have proposed a $167.5 million settlement in Burke v. Visa Inc., a class-action lawsuit alleging that their ATM operating rules violated antitrust laws. The rules allegedly prevented independent ATM operators from charging lower access fees when transactions could run on less expensive competing networks. Eligible people generally include U.S. residents who paid a surcharge to withdraw cash from a deposit account using an ATM or PIN-debit card at an independent ATM between October 24, 2007, and August 14, 2026, without full reimbursement from their bank. Visa would contribute $88.775 million and Mastercard $78.725 million. After approved deductions, valid claimants would receive proportional payments. Claims are due by February 10, 2027; exclusion and objection requests are due by December 11, 2026. The U.S. District Court for the District of Columbia will hold an approval hearing on February 17, 2027.

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