In July 2019, Capital One suffered a massive data breach that exposed the personal and financial information of over 98 million customers in the U.S. This breach resulted in a class-action lawsuit, which led to a $190 million settlement to compensate those affected.
If you were impacted, you might be eligible for compensation. Here’s everything you need to know about the Capital One class-action settlement, including who qualifies, how to file a claim, and when payments will be issued.
What Was the Capital One Data Breach?
In 2019, a hacker gained unauthorized access to Capital One’s servers, stealing sensitive customer data, including:
- Full names
- Social Security numbers
- Bank account details
- Credit scores
- Addresses & phone numbers
This led to fraudulent transactions, identity theft risks, and credit report issues for many customers. As a result, a lawsuit was filed, and Capital One agreed to settle for $190 million to compensate affected individuals.
Capital One Settlement at a Glance
| Details | Information |
|---|---|
| Company Under Lawsuit | Capital One |
| Affected Customers | 98 million |
| Total Settlement Amount | $190 million |
| Maximum Payout Per Claim | Up to $25,000 |
| Claim Deadline | September 30, 2022 (Closed) |
| Payment Rounds | 2023, 2024, 2025 (Pending) |
| Official Website | Capital One Settlement |
Who Is Eligible for the Settlement?
To qualify for compensation, you must meet all of the following conditions:
- Capital One Account Holder – You had a Capital One account between September 1, 2015, and January 12, 2022.
- U.S. Resident – You must have been residing in the United States at the time of the breach.
- Financial Loss Proof – You need to show evidence of monetary losses due to the data breach.
- Claim Submission – You must have filed your claim before the deadline (September 30, 2022).
If you meet these criteria, you are eligible to receive compensation.
How Much Compensation Will You Receive?
The amount you receive depends on the severity of the impact you experienced.
Breakdown of Settlement Payments
| Compensation Type | Details |
|---|---|
| Out-of-Pocket Losses | Reimbursement for fraudulent transactions, credit monitoring fees, and bank fees. |
| Lost Time Compensation | $25 per hour (up to 15 hours) for the time spent handling fraud-related issues. |
| Maximum Individual Payout | Up to $25,000, depending on the losses reported. |
| Identity Theft Protection | Free identity monitoring services until February 2028. |
Capital One Settlement Payment Schedule
The exact dates for the final payment round are yet to be confirmed. However, here’s what we know so far:
| Payment Round | Expected Timeline |
|---|---|
| First Payment Round | September 2023 (Completed) |
| Second Payment Round | September 2024 (Ongoing) |
| Final Payment Round | Expected in 2025 |
Payments are being distributed in phases, so if you haven’t received yours yet, you may still be in line for a payout.
How Will You Receive Your Payment?
- Direct Deposit – If you provided banking details.
- Mailed Check – If you opted for a paper check.
How to Check Your Payment Status?
If you filed a valid claim, you can track your Capital One settlement payment using these methods:
- Login to Your Account – Check your payment details on the Capital One Settlement website.
- Email Updates – Look out for notifications from EpiqPay.com regarding your payment.
- Bank Statement Review – If you selected direct deposit, monitor your bank account for the payment.
- Check Your Mailbox – If you opted for a paper check, keep an eye out for its arrival.
- Contact Settlement Support – Reach out to the Capital One settlement administrator for further inquiries.
What Happens If You Haven’t Received Your Payment?
If you haven’t received your payment yet, here are a few possible reasons:
- Your claim is still under review.
- Your banking or mailing details were incorrect.
- Your claim was deemed invalid.
- You missed the deadline.
To verify your claim status, check your email or log in to the official settlement website.
Frequently Asked Questions (FAQs)
1. Do I Need a Lawyer to Receive My Payment?
No, you do not need a lawyer. If you filed a valid claim, you will automatically receive your payment when it is processed.
2. What If I Missed the Claim Deadline?
The claim submission deadline was September 30, 2022. Unfortunately, if you missed it, you are no longer eligible for compensation.
3. How Can I Confirm If I Was Affected by the Breach?
You can check your Capital One emails or account notifications to see if you were notified about the breach. If you received an official notice, you were likely affected.
4. Will This Settlement Affect My Current Capital One Account?
No, the settlement only applies to past breaches and will not impact your current banking relationship with Capital One.
Final Thoughts
The Capital One data breach settlement is a significant step in holding financial institutions accountable for data security. If you filed a claim before the deadline, you can expect your payment by the end of 2025.
Key Takeaways:
- Settlement Amount: $190 million
- Eligibility: Capital One customers affected by the 2019 breach
- Payment Method: Direct deposit or mailed check
- Final Payment Round: Expected in 2025
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