Capital One $425M 360 Savings Class Action Settlement Tracker
Pro-rata payouts ($300M fund) plus $125M additional interest for current 360 Savings holders. Distributions completed September 4, 2024 — this page tracks status, eligibility, and what to do if you didn’t receive your payment.
Last reviewed: April 2026
✅ Distributions complete. Initial payments + second payments (Sept 4, 2024) all sent. This page tracks payout status — if you believe you were eligible but never received payment, see the FAQ on missed checks below.
Your Case Details
Answer a few questions to see your estimated range.
Heavier use = larger share of distribution funds.
Estimated Per-Claimant Payout
$63 — $117
Class action distributions depend on how many people claim. The fewer claimants per fund, the higher each payout. This estimate uses average claim rates.
Editorially Reviewed — Content reviewed for accuracy using published legal research, government data, and verified court records. See our methodology
Reviewed by Leonard Goldberg, Editor · Last updated
The $425M Capital One 360 Savings Class Action — What Happened
Beginning September 18, 2019, Capital One launched 360 Performance Savings, a new high-yield account, while quietly leaving 360 Savings account holders on the old, much lower interest rate. The two products had nearly identical names but very different yields.
Class members are customers who held a Capital One 360 Savings account at any time on or after September 18, 2019 and did not automatically receive the higher 360 Performance Savings rate. The lawsuit alleged that Capital One breached its account agreement and engaged in deceptive practices by not informing 360 Savings customers about the higher-rate product.
The settlement created a $425 million total fund — split into $300M in pro-rata payments to class members and $125M in additional interest credited to people who still held a 360 Savings account at the time the settlement was finalized. California Attorney General Rob Bonta helped secure the deal. Official site: capitalonesettlement.com.
Example Payout Profiles
Payouts varied widely based on balance and how long you held the 360 Savings account. These illustrative profiles are based on publicly reported recipient stories — your specific amount depends on the administrator’s formula.
Profile 1 — Small Closed Account
Held 360 Savings 2019–2022 with an average balance around $1,500. Account closed before settlement finalization.
Pro-rata share of $300M fund only. Reported payouts in this bracket: roughly $5–$25, mailed by check.
Profile 2 — Mid-Range Active Account
Average balance around $20,000 held 2019–2024, still open at finalization.
Pro-rata share plus credit from the $125M interest bucket. Reported payouts: several hundred dollars, credited to the active 360 Savings account.
Profile 3 — Large Long-Held Balance
Balance frequently above $100,000 held continuously 2019–2024, still open.
Materially larger payout from both buckets. Reported payouts: $1,000–$3,000+, credited to the active account.
Profile 4 — Former Holder, Address Outdated
Closed 360 Savings in 2021, moved twice, never updated address with Capital One.
Eligible — but check may have been returned undeliverable. Action: contact capitalonesettlement.com to update address and request reissue.
Profile 5 — 360 Performance Savings Only
Opened 360 Performance Savings in 2020; never had legacy 360 Savings.
Not eligible. Class definition covers 360 Savings (legacy) holders only — 360 Performance Savings customers were already on the higher rate.
Current Payment Status (May 2026)
Distribution buckets and current state as reported by the settlement administrator and public filings.
Source: capitalonesettlement.com administrator notices and California Attorney General’s office press release.
Who Was Eligible?
You were a class member if ALL of the following applied:
- You held a Capital One 360 Savings account (the legacy product, not 360 Performance Savings)
- Your account was open at any time on or after September 18, 2019
- You did not automatically receive the higher 360 Performance Savings APY during that period
No claim form was required. Capital One identified eligible accounts from its own records and sent payments automatically to current account holders or to the address/account on file for closed accounts. If you closed your 360 Savings account before payment, eligibility still applied — but reaching you required Capital One’s records to be current.
Capital One $425M vs Capital One $190M Data Breach — Don’t Mix These Up
Two completely different Capital One class actions. People search for one and land on the other constantly. Here’s the side-by-side so you know which one applies to you.
| $425M 360 Savings | $190M Data Breach | |
|---|---|---|
| Who qualifies | Anyone with a Capital One 360 Savings account open on/after Sept 18, 2019 | ~98M consumers / 6M small businesses whose data was exposed in the 2019 Capital One data breach |
| Fund size | $425M total ($300M pro-rata + $125M additional interest) | $190M settlement fund (separate) |
| Distribution timing | Distributions complete (second payments sent Sept 4, 2024) | Claim deadline passed Sept 30, 2022; distributions on a separate schedule |
| Claim form | Paid from common fund; no claim form required | Required claim form for reimbursement of out-of-pocket losses and credit-monitoring hours |
| Filing deadline | No filing deadline (auto-payment) | Claim deadline was September 30, 2022 |
| Official site | capitalonesettlement.com | capitalonedatabreachclassactionsettlement.com |
How Payouts Were Calculated
Two separate payout buckets:
- $300M pro-rata fund — distributed across all class members based on (a) the average daily balance held in 360 Savings during the class period and (b) the time-weighted interest-rate gap between 360 Savings and 360 Performance Savings.
- $125M additional interest — credited only to people who still held a 360 Savings account when the settlement was finalized, on top of the pro-rata share.
Because amounts depended on balance and length of time held, payouts varied widely — small balances received modest checks; larger long-held balances received materially larger amounts.
| Account Status | Allocation | Delivery |
|---|---|---|
| Closed 360 Savings before settlement | Pro-rata share of $300M only | Mailed to last-known address / ACH |
| Still held 360 Savings at finalization | Pro-rata share + $125M interest credit | Credited to active account |
| Never held 360 Savings (or only had 360 Performance Savings) | Not eligible | $0 |
Settlement Timeline
- 1
September 18, 2019: 360 Performance Savings Launched
Capital One quietly rolled out 360 Performance Savings at a higher APY while leaving existing 360 Savings customers on the lower legacy rate. The two products had nearly identical names and were offered side by side.
- 2
2023–2024: Lawsuit Consolidated, Settlement Negotiated
Putative class actions consolidated. California AG Rob Bonta’s office engaged. Capital One agreed to a $425M total settlement structure ($300M pro-rata + $125M additional interest) without admitting wrongdoing.
- 3
Preliminary & Final Approval
Court granted preliminary approval; class members received notice automatically by mail or email based on Capital One’s own account records. No claim form was required — a key reason participation was effectively 100% of identified members.
- 4
Initial Distribution
First wave of pro-rata payments sent to eligible class members. Current 360 Savings holders received credits to their open accounts; former holders received checks or ACH transfers to addresses/accounts on file.
- 5
September 4, 2024: Second Payments — Distribution Complete
Final second-wave payments distributed September 4, 2024. As of that date, the settlement administrator considers distributions <strong>complete</strong>. If you believe you were eligible but did not receive a payment, see the FAQ below — your remedy is to contact the administrator at capitalonesettlement.com.
Why This Case Matters
The Capital One 360 Savings case is one of the largest account-naming / interest-rate class actions ever — distinct from the separate $190M Capital One Data Breach settlement (2022). It set a precedent that banks cannot quietly launch a higher-yield successor product without informing existing legacy-product holders. Related ongoing fintech / banking cases: Wells Fargo $56.85M CARES Act (FCRA forbearance reporting), BCBS $2.67B antitrust, Cash App $15M data breach.
Capital One Settlement Scams — What to Watch For
Because the $425M payouts went out automatically, scammers know recipients are conditioned to expect checks and emails. These are the most common scam patterns reported.
⚠️ Fake “Claim your Capital One settlement” emails
Real settlement never required a claim form. Any email asking you to “submit a claim,” “verify your identity to release funds,” or click a link to a non-capitalonesettlement.com domain is a phishing attempt.
⚠️ Calls asking for your SSN or account number
The administrator already has your information from Capital One’s records. They will never cold-call you asking for SSN, full account number, or routing number. Hang up and call the official administrator number from capitalonesettlement.com.
⚠️ “Advance fee” to release your settlement
Anyone asking you to pay a fee, tax, or processing charge to “release” your settlement payment is running an advance-fee fraud. No legitimate settlement charges recipients to receive funds.
⚠️ Lookalike domains
Watch for typo domains like capitalonesettlements.com (extra s), capital-one-settlement.com, or capitalonesettlement-payout.com. The only official site is capitalonesettlement.com.
⚠️ Social-media DMs promising help with “missing” checks
Accounts on X, Facebook, and TikTok impersonate the administrator and offer to “fast-track” missing payments. The administrator does not provide service through social DMs — escalate via the address on capitalonesettlement.com only.
Capital One $425M Settlement FAQs
I never got my Capital One settlement check — what do I do?
Go to capitalonesettlement.com and follow the contact instructions for the administrator. The most common cause of a missing payment is an outdated address or closed mailing account. The administrator can re-verify your eligibility and re-issue an undeliverable check. There is no public deadline to request a re-issue, but the longer you wait the harder it is to trace.
How much was my payout?
Two pieces: a pro-rata share of the $300M fund based on your time-weighted balance and the interest-rate gap, plus — if you still held the account at finalization — an additional share of the $125M interest credit. Small short-held balances often received under $25. Large long-held balances received hundreds to several thousand dollars.
Is this the same as the Capital One data breach settlement?
No. The $425M settlement covered here is the 360 Savings interest-rate class action. The $190M Capital One data breach settlement (2022) covered the separate 2019 cyberattack that exposed ~98M consumer records. Different cases, different class, different administrator, different deadlines.
Did I need to file a claim form?
No. Capital One identified eligible accounts from its own records. Payments went out automatically to current account holders and by check/ACH to former holders using the address/account on file.
Is the Capital One settlement payout taxable?
The portion representing additional interest is generally taxable as interest income (you should receive a 1099-INT if the amount triggers reporting thresholds). The portion representing a return of value (pro-rata share for past underpayment) may be treated differently. This page is not tax advice — consult a tax advisor about your specific situation.
Why is the official site capitalonesettlement.com if Capital One was the defendant?
Settlement administrators commonly use a defendant-named domain because it’s the URL class members most easily recognize from notices. The site is operated by the court-appointed settlement administrator, not by Capital One directly. Court oversight applies.
I closed my 360 Savings years ago — was I still eligible?
Yes, provided your 360 Savings account was open at any time on or after September 18, 2019. Capital One was responsible for identifying you from its records and mailing payment to the address on file. If you moved without updating Capital One, your check may have been returned undeliverable — contact the administrator to request a reissue.
Can I still join the class or appeal?
No. The opt-out and objection deadlines passed during the settlement-approval phase, and final approval has been granted. The case is closed for new participants. The only open path for previously identified class members is to recover an undelivered payment through the administrator.
What’s Still Uncertain
Individual payout amounts depend on the administrator’s internal formula and are not published in detail. Reported recipient amounts (cited in news coverage and public filings) vary widely by balance and tenure. If you believe you were eligible but got nothing, the administrator at capitalonesettlement.com is the only authoritative source for your individual claim status — this page summarizes public facts but cannot confirm any individual payment.
Related Active Class Actions
Wells Fargo $56.85M CARES Act
California mortgagors — automatic payment, final hearing April 17 2026
Cash App $15M Security Settlement
Documented out-of-pocket losses up to $2,500
BCBS $2.67B Antitrust Settlement
Active distributions through 2026 — tier-based payouts
Other Data Breach Class Actions
Includes the separate Capital One $190M Data Breach Settlement