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

The US-based financial institution Capital One Bank stands as a respected company which offers services throughout the nation. In 2019 Capital One Bank endured a major cyber attack which led to the exposure of personal details from millions of US citizens. A cyber attack on the bank exposed bank account information and credit and debit card information and crucial data from approximately 98 million individuals.

This data leak caused financial loss to many people as their sensitive information was misused. After this incident, Capital One Bank, admitting its mistake, created a settlement fund of $190 million (about ₹1,600 crores) to compensate the affected people.

Let us know who the eligible persons are for this compensation, how much the compensation amount, and what the process is to get it.

What is the Capital One Bank Settlement Claim?

Under the Capital One Class Action Settlement, the bank has decided to compensate the victims of the 2019 cyber attack. Due to this incident, people whose personal data was leaked have suffered financial losses. The purpose of this settlement fund is to provide financial assistance to individuals who suffered identity theft or other fraudulent activities due to this data leak.

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Compensation amount and last date

Under the Capital One Bank class action settlement, eligible individuals can receive compensation ranging from $25,000 to $50,000, which can be up to about ₹21 lakh. The amount of compensation will depend on how much financial loss the person has suffered due to identity theft or other fraud.

• Payment process starts: From September 28, 2023
• Filing last date: February 21, 2025

Process to get compensation

If you have been affected by the 2019 data leak and you are eligible for this compensation, then you have to follow the following steps:

• Visit the official website – By visiting the Capital One class action settlement website, fill out the claim form.
• Enter personal information and bank details – Fill in all your required information and bank details in the form.
• Upload required documents, such as identity proof and documents proving financial loss.
• Submit the form. After submission, your file will be reviewed. 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 get compensation up to $25,000, but it will depend on the actual loss.
• Fact: The payment process has started from 28 September 2023 and will continue till 21 February 2025.

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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 get the benefit of this settlement.

Conclusion

Capital One Bank has created a $190 million settlement fund following the 2019 cyberattack that led to the leak of personal information of 98 million US citizens. The move is to compensate affected individuals for their financial losses. Eligible individuals can apply and submit their claim for compensation by February 21, 2025.

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