FinWise Bank Data Breach Settlement: Up to $5,000

The documented-loss option can cover up to $5,000 for losses fairly traceable to the incident. The notice gives examples such as unreimbursed identity-theft or fraud costs, costs of credit monitoring or credit-report freezes/unfreezes incurred on or after May 31, 2024, and related out-of-pocket expenses such as postage or mileage.
You cannot recover the same expense twice. The notice excludes costs already reimbursed by another source, including compensation connected with identity-protection or credit-monitoring services offered with FinWise’s notification letter or otherwise.

Submit reasonable records showing the costs. The notice says receipts and other documents not prepared by you can support a claim.
A handwritten receipt or another document you prepared yourself is not enough by itself, though it may help explain other records.

The Cash Fund Payment is an alternative to the documented-loss payment, so a person cannot receive both.
No loss documentation is required for the Cash Fund Payment. Its amount is a pro rata share, meaning it depends on the money available and approved claims rather than being a stated dollar amount.
Credit monitoring can be requested in addition to either payment choice.

The notice says a California Settlement Class Member may receive additional relief of up to twice the Cash Fund Payment if they were a California resident when the incident occurred.
The notice does not describe the additional conditions in the Settlement terms. It says only that California members may be entitled to this relief.

Money remaining after settlement expenses is used first for credit monitoring, then for documented-loss payments, and finally for Cash Fund Payments.
If approved documented-loss claims are greater than the available Net Settlement Fund, documented-loss payments will be reduced proportionally and no Cash Fund Payments will be made. This means the notice does not promise a particular Cash Fund Payment amount.

You must submit a timely, valid Claim Form for any benefit. You can submit it online by October 29, 2026, or mail it to the Settlement Administrator so it is postmarked by that date.
To request the two years of three-bureau credit monitoring, select “Credit Monitoring” on the Claim Form.

Benefits will be provided only after the Court approves the settlement and it becomes final.
The notice does not give a specific payment or credit-monitoring start date. It says the process may take time.

Other Important Dates

Exclusion deadline: 2026-09-29
Objection deadline: 2026-09-29
Final approval hearing: December 10, 2026, at 10:00 a.m.
Hearing location: Courtroom 8.200 before the Honorable Jill N. Parish at U.S. District Courthouse, 351 SW Temple Street, Salt Lake City, UT 84101

Official Settlement Website
Claim form, FAQ, deadlines, administrator information

Official Settlement Notice (PDF)
Court-approved notice describing eligibility and benefits