Visa, Mastercard $167.5 million settlement could mean money for ATM users. Who qualifies.

A $167.5 million settlement between Visa and Mastercard may provide financial relief for ATM users who were charged excessive surcharges. The class-action lawsuit, identified as Burke v. Visa Inc., targeted independent ATMs located in non-bank establishments such as convenience stores, gas stations, and hotels. These ATMs were found to be charging cardholders higher fees than necessary, violating federal and state antitrust laws.

The lawsuit, which covered ATM cash withdrawals from October 24, 2007, to August 14, 2026, claims that independent ATM operators were not permitted to charge cardholders lower fees by using rival networks. Visa and Mastercard agreed to settle the case without admitting fault. The settlement fund will cover attorneys' fees, administrative expenses, taxes, and payouts to eligible class members.

To receive a cash payment, claimants must submit a claim form on the settlement's website by February 10, 2027. The final court hearing is expected in early 2027, after which payments will be issued.