Do you have a 360 savings account in Capital One? If yes, you can get hundreds of dollars. Capital One recently agreed to a settlement of $450 million for the case filed against the company on July 10, 2023, for alleging deceptive practices related to interest rates on 360 Savings accounts.
After being sued, the company comes with a motion to dismiss the case, but the court orders its proceedings. Following months of legal battle, on May 16, 2025, the company agreed to a settlement without acknowledging any wrongdoing, and it got the preliminary approval from the court on August 15, 2025.
Here, we have shared everything you need to know about the Capital One 360 Savings Account Settlement. Read this article thoroughly to check who is eligible to get the payout from the settlement fund, how much you can get if you are eligible, what the process of getting the payment is, and more.
Capital One 360 Savings Account Settlement
To understand about this settlement, first you need to understand why the company was sued. Back in 2019, Capital One introduced a 360 Performance Savings account with a higher interest rate than the existing one, and they never increased the rate for the Capital One 360 Savings Account.
After this discriminatory behavior from Capital One, Wolf Popper LLP filed a class action complaint against the company in July 2023. As of now, the company has already agreed to a settlement of $450 million—out of which $300 million is for class members and $150 for individuals who maintained the bank account.
Who is eligible to get a payout?
To receive a payout from the Capital One 360 Saving account settlement, it is mandatory that you meet eligibility requirements:
- You must be a resident of the United States between September 18, 2019, and June 16, 2025.
- Additionally, you must have a 360 Savings Account at Capital One in active status during the same timeline.
How will I get the payment?
To get the payment, there is a provision for the submission of any claim form—the payment from the settlement fund will be received by all those customers who have a 360 Savings Account atCapital One during a certain timeline.
But, it is mandatory to choose the payment method by October 2, 2025, because without it no payment will be received—if the payout amount meets or exceeds $5.
For the individuals whose payout is below this figure, the paper checks will be sent out to their last known address.
How much will I get?
The amount you’ll receive under the Capital One 360 Savings account settlement depends on how long your account was active and how much money was available. If you’ve kept your account active for a long time, you can expect to receive a higher amount.
How to choose the payment method?
To set a payment method to get a payout from the Capital One 360 Savings account settlement, please go through the step-by-step instructions available below.
- Go to the settlement portal that is accessible at https://capitalone360savingsaccountlitigation.com/.
- On the homepage, you will see an option that reads ‘Payment Selection/Update Address.’ Click on it and go to the next page.
- Now, you have to enter your Unique ID and PIN, the same as mentioned on the notice received on email.
- After logging, you have provided the required details and set up a payment method to get the payout.
Note the notice is received only by those individuals who are eligible to get a portion from the settlement fund. If you think you are eligible to get it and haven’t received mail subject to it, please get in touch with the settlement administrator by dialing 1-888-832-2704.
When to expect the payout?
The payment for the Capital One 360 Savings account settlement will be distributed among the class members shortly after the final approval. The final hearing for the same will take place on November 6, 2025, if there will be no appeal—you may get the payout most probably by April 2026.