If you had a Capital One account between 2015 and 2019, you may be eligible for compensation as part of a $190 million class action settlement. This settlement follows a 2019 data breach that revealed the personal and financial data of over 100 million customers.
Affected individuals can file a claim before March 15, 2025, to receive a payout. Whether you experienced identity theft, fraud, or had to pay for credit monitoring, this guide will walk you through eligibility, the claim process, and expected payouts.
Settlement
The Capital One data breach occurred in 2019 when hackers exploited a vulnerability in the company’s cloud system. This led to unauthorized access to Social Security numbers, bank account details, credit card data, and other personal information.
Following numerous lawsuits, Capital One agreed to a $190 million settlement to compensate affected customers for financial losses, security expenses, and damages.
Eligibility
To qualify for a payment, you must meet the following criteria:
- You had a Capital One account between 2015 and 2019 (credit card or banking).
- Your data was compromised in the 2019 breach (Capital One notified affected customers).
- You experienced financial losses, such as fraud, identity theft, or had to purchase credit monitoring services.
- You took extra security measures, such as setting up fraud alerts or freezing your credit, due to the breach.
Both individual and business account holders affected by the breach can apply.
Filing
Filing a claim is simple and can be done online or via mail. Follow these steps:
Check Your Eligibility
Visit the official settlement website and enter your information to confirm if your account was affected.
Gather Supporting Documents
While some claims may not require proof, having the following documents can help increase your payout:
- Proof of Capital One account ownership (bank statements, account numbers).
- Evidence of financial losses (fraud reports, identity theft complaints, transaction records).
- Receipts for security expenses (credit monitoring, identity theft protection fees, legal costs).
Submit Your Claim
- Online: Fill out the form on the Capital One Settlement Site.
- By Mail: Print, complete, and send the claim form to the designated address.
Wait for Processing
After submitting your claim, you will receive a confirmation via email or mail. Claims will be reviewed and processed in the months following the deadline.
Payout
The amount you receive depends on several factors:
| Factor | Impact on Payout |
|---|---|
| Number of Claims Filed | More claims mean smaller payouts per person. |
| Financial Losses | Higher documented losses may lead to larger payouts. |
| Legal Fees & Expenses | These are deducted from the total settlement fund. |
Estimated payout amounts range from $25 to several hundred dollars, with higher payments for those who suffered significant financial harm.
Timeline
| Milestone | Date |
|---|---|
| Claim Deadline | March 15, 2025 |
| Processing Period | March – June 2025 |
| Expected Payout Date | Mid-to-late 2025 |
Security
If you were affected by the breach, consider these security measures:
- Freeze your credit with major bureaus to prevent unauthorized accounts.
- Enable two-factor authentication for extra account protection.
- Use identity theft monitoring to track suspicious activity.
- Regularly check your credit report for errors or fraudulent transactions.
The Capital One settlement offers a way for affected customers to receive compensation for damages. If you qualify, don’t wait—file your claim before March 15, 2025, and secure your share of the settlement.
FAQs
Who qualifies for the Capital One settlement?
Anyone with a Capital One account from 2015-2019 whose data was revealed.
How much money can I receive?
Payouts range from $25 to several hundred dollars based on your losses.
When is the deadline to file a claim?
The deadline to submit a claim is March 15, 2025.
How do I file my claim?
You can submit a claim online or by mail through the official settlement site.
When will I receive my payment?
Payments are expected to be issued in mid-to-late 2025.
