If you had a Capital One 360 Savings account in recent years, good news—you could be due cash from a big $425 million settlement. This payout is for folks who got lower interest rates than promised. No long forms or hassle needed; most of it happens automatically. But with some deadlines passed, here’s what you need to know right now to get your money.
Capital One agreed to this deal after a lawsuit said they shorted savers on interest from 2019 to 2025. If you’re eligible, your payment could hit soon—maybe a check in the mail or direct deposit. We’ll break it down easy, so you can grab your share without the headache.
Latest Update on the Capital One Settlement 2025
The lawsuit wrapped up with a $425 million pot for affected savers. A judge will give final okay on November 6, 2025. If approved, payments start rolling out after that. Right now, on October 24, some steps like picking how you get paid are closed, but you’re still on track if you qualify—no action needed from most folks.
Who Qualifies? Easy Eligibility Check
You make the cut if you had a Capital One 360 Savings account open any time from September 18, 2019, to June 16, 2025. That’s it. No minimum balance or anything fancy. If that’s you, you’re in the group getting a share automatically.
Quick self-check:
- Log into your Capital One account online or app.
- Look for “360 Savings” in your history.
- Had it during those years? You’re good.
If unsure, call the settlement hotline at 1-888-832-2704—it’s free and quick.
How to Get Your Payment: No Claim Form Needed
Great part: You don’t file anything. The settlement team has your info from Capital One records. Here’s the simple flow:
- Wait for Notice: They sent emails or letters if you had contact details. Check your spam or mail for “Settlement Administrator.”
- Pick Your Method (If You Did): By October 2, some chose direct deposit. If not, expect a paper check to your last known address.
- Cash It: For checks over $5, it’ll mail out post-approval. Under $5? Only electronic if you picked it.
- Track It: Visit capitalone360savingsaccountlitigation.com or call the hotline to check status.
Tip: Update your address with Capital One now to avoid lost mail-related issues.
| Step | What to Do | Timeline |
|---|---|---|
| Check Eligibility | Review account history | Anytime |
| Select Deposit (if wanted) | Online or phone | Closed Oct 2 |
| Receive Payment | Auto via check or bank | After Nov 6 |
| Questions? | Call 1-888-832-2704 | Now |
Key Deadlines—What You Missed and What’s Next
A few dates have zipped by:
- October 2, 2025: Last day to pick electronic payment, object, opt out, or close your account for a bigger payout.
- November 6, 2025: Court hearing for final nod—open to watch if you want.
What’s ahead? Payments likely start late 2025 or early 2026. No rush now, but stay tuned via the website.
irs tax refund 2025
Your 2024 tax refund could arrive early—up to $3,500 if you e-file by Oct 31
Payment Amounts: What to Expect
Exact bucks per person? Not set yet—it depends on how many qualify and total claims. But here’s the scoop:
- If you closed your 360 Savings by October 2, you’d get about 15% more cash.
- If open: Smaller one-time hit plus possible future interest bumps.
Estimates float around $50–$200 per account, but wait for official word. It’s all pro-rated fairly.
Watch Out for Scams
Bad guys love settlements. They’ll call or email pretending to “help” claim your money—for a fee or your info. Real deal:
- No one asks for SSN, bank details, or upfront cash.
- Only use the official site or hotline.
- Spot fakes: Typos, urgent threats, weird links. Report to FTC at ftc.gov.
Stay safe—your payout’s free and direct.
Your Options If You’re Not Happy
Missed the opt-out? Tough, but if you hate the deal, you can object (deadline passed) or just take the cash. Most folks are grabbing it as easy money. Questions on fees or lawyers? Check the site FAQs.
Summary – Capital One Settlement 2025
This Capital One settlement is a win for savers—$425 million back where it belongs, no strings for most. If you had that 360 account, sit tight; your check’s coming. Bookmark the site, update your info, and dodge the scams. In a world of rising costs, free cash like this? Count your blessings. Got questions? Drop ’em in comments below.