In August 2025, I posted about the Capital One 360 Settlement and you can no longer sign up for the settlement as it is closed. charli_aka posted the picture above letting use know that the checks are going to be bigger than expected and I did a google search and AI came back with the following information:
AI Overview
A federal judge has finalized a $425 million settlement against Capital One regarding alleged underpayment of interest on 360 Savings accounts between Sept. 18, 2019, and June 16, 2025. Eligible customers will receive payouts based on missed interest, with additional funds included. Payouts are expected soon for qualifying claimants.
Key Details on Payouts:
- Who is Eligible: Customers who held a Capital One 360 Savings account between September 18, 2019, and June 16, 2025.
- How Much You’ll Get: Payments are not a flat rate; they are calculated based on the amount of interest you missed out on compared to higher-yield accounts, plus a share of $125 million in additional interest payments.
- Payout Structure: According to Reddit user discussions (August 2025)[], users anticipated receiving 20% to 60% of their calculated missed interest.
- Payment Timeline: Final approval was granted in April 2026, with payouts scheduled shortly after.
- Status: The claim filing period is closed.
The settlement was increased from a previous, lower offer to ensure customers were fairly compensated for potential earnings they lost.
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