Capital One Settlement Claim Closed – Last Update and Payout Details (February 2025)

Capital One Settlement Claim Closed – Capital One Bank is a reputed financial institution of America, but in the year 2019, the bank faced a major cyber attack. Due to this attack, the personal information of about 98 million American citizens was leaked. This data leak included bank account information, credit and debit card details and other important information.

Many people suffered financial loss due to this cyber attack, and their financial information was misused. The bank has accepted its mistake and has created a settlement fund of $190 million (about Rs 1,600 crore), from which the affected people will be compensated.

When and how much compensation will be given?

Each eligible participant in the class action settlement receive between $25,000 and $50,000 from Capital One Bank approximately amounting to Rs 21 lakh. The final payment amount will base itself on the monetary damages the victim sustained from identity theft and related fraudulent activities.

The last date for this settlement process is February 21, 2025, which means that all eligible claimants must fill and submit their claim form by this date.

Capital One Class Action Settlement 2025: Key Information

The process to get compensation

If you were affected by the 2019 data leak and are eligible for compensation, follow the following procedure:

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

Is this claim true? (Fact Check)

• ✅ Fact: Capital One Bank has agreed to pay $190 million in compensation to individuals affected in the 2019 data leak case.
• ✅ Fact: Eligible individuals can receive up to a maximum of $25,000, but this will depend on their actual economic loss.
• ✅ Fact: The payment process has already begun on September 28, 2023 and will be completed by February 21, 2025.

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Important things you should know

• This compensation will be available only to individuals whose personal information was leaked in the 2019 cyber attack.
• If you have received an official notification from Capital One Bank, you can apply for this compensation.
• All eligible applicants must file their claim before the deadline, otherwise they may lose out on this settlement.

Conclusion

Legal proceedings began against Capital One Bank because of the massive 2019 cyber attack on its systems. When information about 98 million US citizens became exposed in the leak the bank established a $190 million settlement fund.

Capital One Bank data leak application seekers must file their claims by February 21, 2025 alongside their claim form submission. The application system enables victims of data leak exposure to recover financial damages incurred from the breach.

The Capital One Class Action Settlement details and status updates are available on its official website and customers can use this service to monitor their applications.

FAQs On Capital One Settlement Claim Closed