Capital One $425M Settlement: File Your Claim Before October 2 Deadline

Capital One $425M Settlement: If you had a Capital One 360 Savings account between September 18, 2019, and June 16, 2025, you might get money from a $425 million class-action settlement. But you need to act fast because the deadline to claim your share is Thursday, October 2, 2025. If you don’t act, you may lose the chance to get your part of the settlement.

The case started because Capital One offered new clients a “360 Performance Savings” account with higher interest, while older 360 Savings accounts kept low rates. Many people lost interest money and this settlement is meant to fix that.

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Who can get Money?

You qualify if you had a Capital One 360 Savings account during the dates mentioned. It does not matter if your account is still open, closed, or moved somewhere else. You are still eligible for a payment. The $425 million will be split into two parts. $300 million will go to past and current account holders as a one-time cash payment. $125 million will go to people who keep their 360 Savings accounts past October 2, under rules that Capital One must pay at least twice the national average savings rate until the money runs out.

How to get your Share?

Claiming your part is simple. You don’t need to fill a full formal claim. If you qualify, you are automatically included. But you must visit the settlement website mentioned in your mail or email notice by October 2 to choose your payment option.

You will need your claim ID and a 4-digit PIN. You can pick electronic payment methods like direct deposit, PayPal, or Zelle. You can also choose a check if your payout is $5 or more. If you don’t choose, a check might be sent automatically, but it could be delayed or go wrong if your info is old.

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Be careful if you change your 360 Savings account to a Performance Savings account before October 2, you may just get the cash and lose the extra interest money..

Court Approval

The last day to choose how you want your money, say no to the settlement, or remove yourself is October 2, 2025. The court will approve it on November 6, and after that, they will start sending payments. The exact timing can change depending on the court and paperwork.