Capital One Bank has agreed to the $190 million Settlement amount. A significant amount will be disbursed to customers who have faced problems, with a maximum of $25,000 per individual. According to the authorities, January 21st, 2025, is the last day to make a claim. Based on the problems people were facing, the money distribution process began on September 23, 2023. It is also reported that this Capital One Bank data leak has affected around 98 million users.
The bank will pay any expenses incurred by the public as a result of the bank’s problem, including out-of-pocket and repair charges. Read this article to get pertinent information on the Capital One Bank Settlement 2025. We have included its amount, eligibility, and payment dates.
Capital One Bank Settlement 2025
One of the most popular settlements is the Capital One Bank Settlement. A data breach that impacted millions of Capitals One Bank clients was said to have occurred in 2019. Numerous people suffered financial losses as a result of the unapproved inflation leak via their credit cards. The bank consented to reimburse the consumer for their loss by paying the settlement sum.
As compensation, the bank will give the sum to the eligible citizens. Other reimbursements for verified costs related to the breach, such as identity protection or credit monitoring services, may also be included in the payments.
It might be important to note that to pay the aforementioned compensation, an administrator chosen by the court must be present, to ensure that all actions are compliant with the law. Some individuals must apply for this credit, after which their eligibility is evaluated. Through this, the settlement money is returned to the impacted parties fairly and accurately. If you wish to claim the settlement, you can easily do it online through the capitalonesettlement.com.
Capital One Class Action Settlement- Overview
| Article On | Capital One Bank Settlement 2025 |
| Country | United States of America |
| Year | 2025 |
| Affected Users | About 98 million |
| Beneficiaries | Individuals faced data breach in 2019 |
| Settlement Amount | $190 Million |
| Maximum Pay-out Per Person | Up to $25000 |
| Claim Deadline | January 21st, 2025 |
| Category | Finance |
| Official Website | capitalonesettlement.com |
Eligibility for Capital One Bank Settlement
Those individuals who have faced data breaches from the bank are to claim for the Capital One Class Bank Settlement. But make sure to meet the required criteria to confirm your eligibility. It will help in the safe and secure distribution of the amount amongst the eligible beneficiaries. Check the Capital One Bank Settlement Eligibility 2025 below:
- Beneficiary should have confronted the 2019 data breach.
- All of the recipients have to be residing in the USA with a permanent nationality.
- The beneficiary must have obtained a notice from the department for qualification of compensation.
- The recipient should have been a victim of personal data loss in the breach.
Capital One Bank Settlement Amount
Everyone is eagerly waiting to get compensation from the Capital One Settlement. Nearly 98 million people were affected by this data breach in 2019. Capital One has agreed to the settlement at $190 million. The recipient getting the amount will depend on various factors such as the claimant number, severity of effect, and compensation type. The settlement includes various types of compensation like credit monitoring services, cash payments, or repayments for breach. The affected individual can get a maximum of $25000 per person.
Capital One Class Action Payment Date 2025
The payment date for Capital One Settlement depends upon several criteria, including claim reviews and court approval, in addition to the overall payment. An overview of what to anticipate is provided below:
Final Approval Hearing: The court needs to approve the compensation and the payment method before any money is paid. The conditions that allow payouts to be made to the beneficiary involve various criteria.
Claim Confirmation Period: After claims are submitted, the settlement administrator evaluates them to ascertain their relevance. Since every claim can’t be legitimate, this step ensures that the right claims are being paid.
Payment Processing: Following evaluation of the applications submitted by clients, funds are processed and sent to the appropriate recipients. This could take a few weeks or maybe months, depending on how many claims there are.
Payment Distribution: Usually, the recipient receives payment in the form of prepaid cards, direct deposits, or mailed checks.
Information regarding the settlement process’s progress is mostly shared via email newsletters or the settlement’s official website. Contact them in case of any issues.
Claim for the Capital One Bank Settlement
The beneficiary needs to submit a claim for the Capital One Class Action Settlement Payment in order to get the settlement amount. Filing a claim includes the steps mentioned below:
- Go to the Settlement Website: The claim supervisor has elected an official portal where can check all the relevant info. You can go to capitalonesettlement.com, to proceed with claim submission.
- Submit Relevant Details: Provide required info on the application like your name, address, and evidence that you’re affected. In that, you can provide your Capital One account details or records of any breaches.
- Attach Documents (If Needed): In some situations, you might have to upload documents that show you were affected. It may consist of the notices or bank statements that you got about the data breach from Capital One.
- Submit Application: After completing the application successfully by stating essential details and documents, submit it. Also, a thorough review of the form is suggested.
Also, submit the form by adhering to the filing closing date i.e. January 21st, 2025. Usually, the settlement has a certain deadline, if you miss it, you won’t get any compensation.
| Official Website | Click Here |
| Homepage | Philtranco.net |