If you had a Capital One 360 Savings account between September 18, 2019, and June 16, 2025, you could automatically get a cash payment — no claim form required.
Why Is There a Lawsuit?
Capital One was sued for allegedly:
Keeping low interest rates on older 360 Savings accounts
Failing to inform customers about its newer, higher-rate 360 Performance Savings account
Making it hard for customers to switch and earn more interest
Without admitting wrongdoing, Capital One has agreed to a $425 million settlement.
Who Qualifies?
You qualify if:
You had a Capital One 360 Savings account (joint accounts count too)
Anytime between Sept. 18, 2019, and June 16, 2025
No need to file a claim — you’re automatically included.
How Much Can You Get?
| Type | Details |
|---|---|
| Class Cash Payment | You’ll get a payment based on the interest you could have earned |
| Bonus if Account Closed | Get ~15% more if you close or convert your account by Oct. 2, 2025 |
| Ongoing Interest Boost | If you keep your account, you’ll get 2x national avg. interest until $125M is paid out |
| Payment Method | Choose electronic (for faster or <$5 payments) or default to paper check |
Key Dates
| Action | Deadline |
|---|---|
| Choose Electronic Payment Method | October 2, 2025 |
| Close/Convert Your Account | October 2, 2025 |
| Opt Out of the Settlement | October 2, 2025 |
| Object to the Settlement | October 2, 2025 |
| Final Approval Hearing | November 6, 2025 |
| Expected Payout Timing | ~60 days after final approval & appeals end |
How to Get Your Payment
You don’t need to file a claim — payments will be sent automatically.
But:
To update your address or
To choose electronic payment (especially for amounts under $5),
Go to the official site and log in using your ID and PIN (sent in your notice).
Submit or Update Payment Info Here
If Capital One kept you in a low-interest account, you’re now owed cash compensation or higher rates.
No proof or paperwork needed. Just check your notice and take action by October 2, 2025 if you want to update your payment details or close your account for a higher payout.
Claim or Manage Your Settlement Payment Here
