Overview

• Eligible class members are 360 Savings accountholders from Sept. 18, 2019 through June 16, 2025, automatically included without filing a claim.
• To receive payment, customers should select an electronic or check delivery by the end of Oct. 2 using their claim ID and PIN; checks issue only for $5 or more, while electronic payments have no minimum.
• Accountholders who closed their 360 Savings on or before Oct. 2 are slated to receive a one-time cash payment estimated to be about 15% larger than if the account remains open.
• The $425 million package allocates $300 million for cash payments and $125 million for future higher interest to those who keep 360 Savings open, with Capital One committing to a rate at least twice the FDIC national average until that fund is depleted.
• Final approval is scheduled for Nov. 6 as 17 state attorneys general urge the court to reject the deal; customers can opt out to sue separately, and Capital One denies wrongdoing.