FinWise Data Incident Settlement
This proposed settlement concerns a FinWise Bank Data Incident on or about May 31, 2024. Eligible U.S. residents can submit a claim for settlement benefits, including two years of three-bureau credit monitoring. The Court still must approve the Settlement before benefits can be provided.
Benefit Summary
Non-California Settlement Class Members: choose one: Up to $5,000 documented losses plus Two years of credit monitoring or Pro rata Cash Fund Payment plus Two years of credit monitoring.
California Settlement Class Members: choose one: Up to $5,000 documented losses plus Two years of credit monitoring or Up to 2x pro rata Cash Fund Payment plus Two years of credit monitoring.
Payments come from the $2,800,000 settlement fund and may change after approved deductions.
Available Awards
Non-California Settlement Class Members: Up to $5,000 documented losses OR Pro rata Cash Fund Payment; California Settlement Class Members: Up to $5,000 documented losses OR Up to 2x pro rata Cash Fund Payment
Who Is Included
Living natural persons residing in the United States whose Private Information was affected by the FinWise Bank Data Incident on or about May 31, 2024, including people sent a Data Incident notice, subject to listed exclusions.
- Proof required: A Claim Form is required for all benefits. Documented-loss reimbursement requires reasonable records of costs, such as receipts or other non-self-prepared documentation; handwritten receipts alone are insufficient. Cash Fund Payments do not require loss documentation.
Claim and Payment Information
- Claim method: Online submission or mail
- Claim deadline: 2026-10-29
- Instructions: Complete a timely, valid Claim Form and submit it through the settlement website or mail it to the Settlement Administrator at PO Box 4390, Portland, OR 97208-4390. Select Credit Monitoring on the form if requesting that service.
Questions & Answers
What losses can the documented-loss payment cover?
- 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.
What records are needed for a documented-loss claim?
- 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.
Can I request a Cash Fund Payment, documented losses, and credit monitoring together?
- 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.
Is there a different Cash Fund Payment for California residents?
- 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.
Why is the Cash Fund Payment amount not stated?
- 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.
What do I need to do to receive a benefit?
- 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.
When will benefits be provided?
- 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
Case Details
- Total settlement fund: $2,800,000
- Case name: Minter v. FinWise Bank et al.
- Case number: 2:25-cv-00569-JNP-CMR
- Court: United States District Court for the District of Utah
- Administrator: FinWise Data Incident Settlement Administrator
- Official Settlement Website: https://www.FinWiseDataSettlement.com
Sources
Claim form, FAQ, deadlines, administrator information
Court-approved notice describing eligibility and benefits