Capital One Settlement Claim Closed – Capital One Bank is a well-known financial institution of America, however, the bank suffered a major cyber attack in 2019. In this attack, the personal data of around 98 million (9.8 crore) Americans was leaked. The disclosed data was there not alone the bank account but also the credit cards, debits cards, and some other important information.
Due to this cyber attack, many people suffered financial loss and their sensitive information was misused. The bank admitted its mistake and created a settlement fund of $ 190 million (about Rs 1,600 crore) for the affected people. Eligible people will be compensated from this fund.
When and how much compensation will be given?
Under the Capital One Class Action Settlement, eligible persons will be compensated from $ 25,000 to $ 50,000 (about Rs 21 lakh). However, the final payment amount will depend on the actual financial loss suffered by the person.
The last date for this settlement is 21 February 2025. This means that all eligible claimants must fill out and submit their claim form before this date.
Capital One Class Action Settlement 2025: Key Information
| Field | Details |
|---|---|
| Bank Name | Capital One Bank |
| Settlement Name | Capital One Class Action Settlement |
| Country | USA |
| Affected Individuals | 98 million (9.8 crore) |
| Legal Case | Data Leak |
| Settlement Amount | $190 million (approx. ₹1,600 crore) |
| Maximum Payout Per Person | $25,000 |
| Final Deadline | February 21, 2025 |
| Payout Process Started | September 28, 2023 |
| Settlement Mode | Online |
Process to get compensation
If you were affected by the 2019 data leak and are eligible for this settlement, follow the following procedure:
- Access the company’s official website at (Capital One Class Action Settlement official site).
- Fill in all the needed info, including personal data and bank account details on the claim form.
- Then you should upload the requested files, for example your ID, and the documents confirming your financial loss.
- The application would be subjected to a review process after you send the form. If you are proven eligible, the compensation will be delivered to you.
Is this claim true? (Fact Check)
- ✅ Fact: Capital One Bank has a $190 million settlement fund for the 2019 data leakage victims.
- ✅ Fact: The affected people who meet the necessary requirements can claim up to $25,000, and the amount will be based on their financial loss.
- ✅ Fact: The payout process has already begun on 28 September 2023 and will end on 21 February 2025.
Important things you should know
- Only those people can receive compensation 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.
- It is mandatory for all eligible claimants to submit the claim form before the last date (21 February 2025). If the deadline is missed, compensation will not be received.
Conclusion
More than 98 million customers of Capital One Bank had their information leaked due to the major cyber attack in 2019. As a result, the bank had to create a settlement fund of $190 million to provide financial compensation to the affected users.
If you have been affected by this data leak, you must file your claim by February 21, 2025. This claim process provides you with an important opportunity to recover your financial losses.
Visit the official Capital One Class Action Settlement website for more information on the settlement and to check the status of your application.
FAQs On Capital One Settlement Claim Closed
Q. Who can avail of this settlement?
A. All US citizens whose personal information was leaked during the 2019 cyber attack.
Q. Will all affected individuals receive $25,000?
A. No, compensation will be given based on the actual losses of each individual, the maximum amount can be up to $25,000.
Q. What is the last date to apply?
A. February 21, 2025.