FinWise Bank $2.8M Data Breach Class Action Settlement

FinWise Bank $2.8M Data Breach Class Action SettlementIndividuals whose data the FinWise Bank breach affected may be eligible to claim up to $5,000 and credit monitoring from a class action settlement.FinWise Bank $2.8M Data Breach Class Action SettlementWeekly NewsletterClass actions settlements delivered to your inbox.Thank you! Check your inbox for a welcome email.Oops! Something went wrong while submitting the form.Nicole AljetsEditor & Community ManagerPublishedSeptember 4, 2026 2:00 PMUpdatedSeptember 4, 2026Join the DiscussionIndividuals in the United States whose personal information the FinWise Bank data breach compromised around May 31, 2024, may qualify to submit a claim for up to $5,000 from a class action settlement. The cybersecurity incident impacted an estimated 668,000 current and former account holders.FinWise Bank, along with FinWise Bancorp and American First Finance, agreed to pay $2.8 million to settle a class action lawsuit filed after a May 2024 cyberattack. The plaintiffs claimed these companies failed to adequately protect private information during a data breach that exposed sensitive details, such as names, dates of birth, Social Security numbers and customer account numbers.Who can file a claim for a data breach payout?Class members are individuals residing in the United States whose private information the 2024 FinWise Bank data breach impacted, including those who received notice of the incident.How much are settlement payments?Class members have the following benefit options:Documented losses payment: Class members can claim up to $5,000 for losses fairly traceable to the data breach. This includes monetary losses due to identity theft or fraud and expenses such as costs for credit monitoring services and freezing/unfreezing credit and postage for contacting financial institutions.