Capital One Settlement Claim Closed –Payout Details (March 2025)

Capital One Settlement Claim Closed – Capital One Bank is a reputed financial institution in the US, but in the year 2019 it faced a major cyber attack. The attack led to the leak of personal information of about 98 million US citizens, including bank account details, credit and debit card information and other important data.

This data leak caused financial losses to many people as their sensitive information was misused. Capital One Bank admitted its mistake and created a settlement fund of $190 million (about Rs 1,600 crore), which will compensate the affected people.

Compensation amount and final date

Under the Capital One Bank Class Action Settlement, eligible individuals can get compensation from $25,000 to $50,000 (up to about Rs 21 lakh). The amount of the final payment will depend on how much financial loss the person has suffered due to identity theft and other fraudulent activities.

Payment process starts: September 28, 2023

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Process to get compensation

If you were affected by the 2019 data leak and are eligible for this compensation, follow the steps below:

Visit the official website (Capital One Class Action Settlement).
Fill out the claim form and enter your personal information and bank details.
Upload the required documents, such as identity proof and documents proving financial loss.
After submitting the application, your file will be reviewed, and if you are found eligible, you will receive compensation.

Is this claim real? (Fact Check)

Fact: Capital One Bank has approved compensation of $190 million.
Fact: Eligible individuals can receive up to $25,000 in compensation, but it will depend on their actual loss.
Truth: The payment process has started from September 28, 2023 and will continue till February 21, 2025.

Important things to know

This compensation will be given only to those people whose personal information was leaked in the 2019 cyber attack.
If you have received an official notification from Capital One Bank, then only you can apply for this compensation.
Apply before the last date of the claim form, otherwise you will not be able to take advantage of this settlement.

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Conclusion

Capital One Bank faced legal action due to the cyber attack in 2019. In this attack, the personal information of 98 million US citizens was leaked. To compensate for the financial loss caused by this, the bank has created a settlement fund of $190 million.

People who were affected by this data leak can submit their claim form by February 21, 2025. With this they can compensate for their financial loss. All the information and application process of this settlement is available on the official website of the bank.