Capital One Bank, one of the largest banks in the United States, is making news because of a settlement related to a major data breach that happened in 2019. This breach affected millions of customers, exposing their personal information, including credit card details. As a result, Capital One has agreed to pay a settlement to compensate the people who were affected. If you think you were impacted, it’s important to understand the details of this settlement, including eligibility requirements and important dates.
What is the Capital One Bank Settlement?
The Capital One Bank Settlement is a result of a lawsuit filed against the bank due to a cyberattack in 2019. The breach exposed sensitive personal data tied to credit and debit cards, affecting almost 100 million people. Because of this breach, many customers experienced financial losses, including unauthorized charges on their credit cards. To resolve the issue, Capital One agreed to pay a settlement of $190 million.
Settlement Amount and Payment Details
The total settlement amount is $190 million. This money will be used to compensate people who were directly impacted by the data breach. Some people may receive up to $25,000 each, depending on the financial losses they faced due to the breach.
The distribution of payments began on September 23, 2023, and will continue until all claims are processed. However, eligible customers must submit their claim forms by January 21, 2025, to receive their compensation.
Who Is Eligible for the Capital One Bank Settlement?
To be eligible for compensation under the Capital One Bank Settlement, people must meet certain requirements. The settlement is mainly for U.S. residents who were victims of the 2019 data breach. Here are the key eligibility requirements:
- The person must be a permanent resident of the United States.
- The person must have been affected by the data breach in 2019.
- The person must have received a notification that they are eligible for compensation.
If you think you meet these conditions, you can file a claim for compensation. Just make sure to submit your claim before the final deadline of January 21, 2025.
Highlights about Capital One Data Breach Settlement
| Managing Authority | Capital One and U.S. Government |
| Name of Program | Capital One Data Breach Settlement |
| Country | USA |
| Settlement Amount | $190 million |
| Payment Date | After claim approval |
| Mode | EpiqPay or physical checks |
| Date of Breach | July 2019 |
| Category | Government Aid |
| Official Website | https://www.capitalonesettlement.com/ |
How to File a Claim for the Settlement
If you believe you qualify for the settlement, here’s how you can file your claim:
- Go to the official Capital One Settlement website to find the claim form.
- Fill out the form with the required information. Make sure all the details are correct.
- Submit the completed form online or by mail before the deadline of January 21, 2025.
It’s important to make sure all documents and information are correct and complete to avoid any delays in processing your claim.
Payment Dates and Final Claim Submission Deadline
The payment process started in 2023, and eligible customers who submit their claims will receive their payments by January 2025. If you submit your claim before the January 21, 2025 deadline, you should expect to receive your payment soon after. If there are delays, it may take a few extra days for the money to appear in your account.
Frequently Asked Questions (FAQs)
1. Who can receive the Capital One Bank Settlement?
U.S. residents who were affected by the 2019 data breach and received a notification of their eligibility can receive compensation.
2. When will people receive the settlement amount?
Compensation will be distributed in January 2025, but there might be some delays depending on how quickly claims are processed.
3. What is the last date to file a claim for the settlement?
The final date to submit your claim is January 21, 2025.
The Capital One Bank Settlement offers a chance for people who were affected by the 2019 data breach to receive compensation for their financial losses. If you were impacted, be sure to file your claim before the January 21, 2025 deadline. This is an important opportunity for those affected by the breach to recover some of their losses. Stay updated and submit your claim on time!
I didn’t know about this everyone else was ripping me off
Capitol One is not making it easy to file a claim of its victims. The website did not provide any forms to complete Please reply with further directions.
I would like to apply for the compensation settlement for Capital One 360. I have had a Capital One 360 account for the last 10 years. I felt that was getting Short change but I did not say anything it just wasn’t adding up with the interest they was putting in there but I never looked into it. I currently still have a Capital One 360 the same account.