Closed to new claimsBankingCapital One $425 Million 360 Savings Settlement: Payout Date & Status
Last updated: July 10, 2026
Capital One, the bank, agreed to pay $425 million to settle claims that its 360 Savings accounts paid a lower interest rate than the nearly identical 360 Performance Savings accounts without clearly telling customers. You do not need to file a claim — payments are automatic to eligible account holders. A federal court granted final approval on April 20, 2026, but an objector filed a Notice of Appeal on June 18, 2026, so distribution is on hold until that appeal is resolved.
Eligibility covers anyone who held a Capital One 360 Savings account at any time between September 18, 2019 and June 16, 2025, including joint and co-account holders. The deadline to choose electronic payment instead of a mailed check was March 30, 2026, and shares under $5 are paid only electronically. Before the appeal, checks had been expected to mail around July 21, 2026 — that timeline will slip until the appeal concludes.
Key facts
- Settlement fund
- $425,000,000
- Payout
- Varies — pro rata share of the fund
- Claim required
- No — payments are automatic
- Final approval
- Granted April 20, 2026
- Current status
- On appeal (filed June 18, 2026)
- Eligibility window
- Sept 18, 2019 – June 16, 2025
- Electronic-payment deadline
- Closed — March 30, 2026
- Case
- In re: Capital One 360 Savings Account Interest Rate Litigation
Official settlement administrator: capitalone360savingsaccountlitigation.com
Who qualifies
- You held a Capital One 360 Savings account at any time between September 18, 2019 and June 16, 2025.
- Joint account holders and co-holders of a qualifying 360 Savings account are included.
- No claim form is required — eligible class members are paid automatically at their last known address, as long as the payment is $5 or more.
Capital One settlement payout status — what happens now
- 1
Final approval was granted — then appealed
The court granted final approval of the revised $425 million settlement on April 20, 2026. On June 18, 2026, a class member who objected filed a Notice of Appeal. Payments cannot be distributed until the appeal is resolved, so no confirmed payout date exists right now.
- 2
No claim was ever required
Eligible 360 Savings account holders are paid automatically — there was never a claim form to file. The window to choose electronic payment or update your address closed on March 30, 2026. Shares under $5 are only paid electronically to people who signed up before that date.
- 3
How to check your Capital One settlement status
Track the case on the official administrator site, capitalone360savingsaccountlitigation.com, and watch for news that the appeal has been resolved. Once it clears, the administrator will distribute payments to eligible account holders.
- 4
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Frequently asked questions
When will I get my Capital One settlement check?
No payout date is confirmed. Checks had been expected around July 21, 2026, but a Notice of Appeal filed on June 18, 2026 put distribution on hold. Payments can only go out once the appeal is resolved. Eligible account holders are paid automatically — you do not need to do anything.
Do I need to file a claim for the Capital One 360 Savings settlement?
No. Payments are automatic to eligible class members. There was never a claim form. The only optional step — choosing electronic payment or updating your address — closed on March 30, 2026.
How much is the Capital One 360 Savings settlement payout?
It varies by how much interest you were underpaid. Each eligible account holder receives a pro rata share of the $425 million fund. Shares under $5 are paid only electronically to people who enrolled before March 30, 2026.
Who qualifies for the Capital One $425 million settlement?
Anyone who held a Capital One 360 Savings account at any time between September 18, 2019 and June 16, 2025 qualifies, including joint and co-account holders.
Was the Capital One settlement approved?
Yes. A federal court granted final approval on April 20, 2026 after rejecting an earlier proposal in November 2025. However, an objector filed a Notice of Appeal on June 18, 2026, so payments are paused until the appeal is decided.
Is the Capital One settlement a scam?
No, it is a real class action settlement. Filing is free and, in this case, no filing is even required — payments are automatic. Never pay a fee or share your banking login to claim a settlement.
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