Capital One Bank Settlement 2024: How Much Can You Expect?

Capital One Bank is facing a class-action lawsuit alleging that it engaged in deceptive and unfair lending practices. As part of the settlement, Capital One has agreed to pay up to billions of dollars to affected customers. If you believe you may be eligible for a payment from the Capital One Bank settlement, here's what you need to know:

Who is Eligible for the Settlement?

To be eligible for a payment from the Capital One Bank settlement, you must meet the following criteria:

• You opened a Capital One credit card account between January 1, 2011, and March 30, 2017.
• You paid an overdraft or non-sufficient funds (NSF) fee on your Capital One credit card account.
• You were not notified of the overdraft or NSF fee before it was charged.

How Much Will I Get?

The amount of money you will receive from the Capital One Bank settlement will depend on a number of factors, including:

• The number of overdraft or NSF fees you paid.
• The amount of each fee.
• The length of time you were a Capital One customer.

According to the settlement agreement, Capital One will pay a total of up to $190 million to affected customers. The average payment is expected to be around $150. However, some customers may receive more or less than this amount, depending on their individual circumstances.

How to File a Claim

To file a claim for a payment from the Capital One Bank settlement, you must submit a claim form by March 31, 2024. You can submit a claim online or by mail.

Online Claim Form: https://www.capitalonesettlement.com/

Mail-In Claim Form:

Capital One Bank Settlement
c/o Epiq Systems
P.O. Box 4920
Portland, OR 97208

Important Dates

• March 31, 2024: Deadline to file a claim
• Summer 2024: Expected date for settlement payments to be distributed

Frequently Asked Questions

Q: How do I know if I'm eligible for a payment from the Capital One Bank settlement?

A: You can check the settlement website to see if your name is on the list of eligible customers. You can also contact the settlement administrator at 1-855-847-0139.

Q: How much money will I receive from the settlement?

A: The amount of money you will receive will depend on a number of factors, including the number of overdraft or NSF fees you paid and the amount of each fee. The average payment is expected to be around $150.

Q: When will I receive my settlement payment?

A: Settlement payments are expected to be distributed in summer 2024.

Q: What do I need to do to file a claim?

A: You must submit a claim form by March 31, 2024. You can submit a claim online or by mail.

Additional Information

For more information about the Capital One Bank settlement, please visit the settlement website: https://www.capitalonesettlement.com/

Call to Action

If you believe you may be eligible for a payment from the Capital One Bank settlement, we encourage you to file a claim by March 31, 2024. You can submit a claim online or by mail.