Up to $5,000 for qualifying unreimbursed losses
Submit third-party records for losses fairly traceable to the incident. The same expense cannot be reimbursed twice, and a self-prepared record alone is not sufficient.
FinWise Bank Data Breach Settlement — Do You Qualify?
Updated September 22, 2026
- Defendant
- FinWise Bank, FinWise Bancorp, and American First Finance
- Status
- Open to claims
- Potential payout
- Up to $5,000 documented losses or a pro rata cash payment, plus monitoring
- Claim deadline
- October 29, 2026
- Settlement fund
- $2.8 million
- Proof required
- No claim form proof for basic payout
Overview
- Case status
- Proposed settlement awaiting final approval
- Settlement fund
- $2.8 million gross fund
- Claim deadline
- October 29, 2026
- Court
- District of Utah, No. 2:25-cv-00569-JNP-CMR
FinWise Bank, FinWise Bancorp, and American First Finance agreed to a proposed $2.8 million settlement resolving claims connected to a data incident on or about May 31, 2024. FinWise Bank is the bank entity the court describes as experiencing the incident. FinWise Bancorp is its related parent company. American First Finance is a consumer-finance technology company named as a defendant. The public preliminary approval order does not find that American First Finance's own systems were breached. The case is Minter v. FinWise Bank et al., No. 2:25-cv-00569-JNP-CMR, in the U.S. District Court for the District of Utah. Plaintiffs allege the defendants failed to protect private information and assert common-law and statutory claims. The defendants deny wrongdoing and liability. The court has not decided whether any defendant violated a law. It preliminarily approved the settlement and claims process on July 1, 2026, but final approval remains unresolved. The settlement class covers living people in the United States whose private information was affected, including people who received an incident notice. The preliminary approval order estimates a class of up to about 668,000 people. Other breach reports use a higher approximately 689,000 figure, but the court's estimate is the stronger source for settlement-class size. The potentially involved information may include names, dates of birth, Social Security numbers, and customer account numbers in some combination. A class member may choose either up to $5,000 for documented losses fairly traceable to the incident or a pro rata cash-fund payment without loss records. Those two payment paths are alternatives. Two years of three-bureau credit monitoring may be added to either one. Eligible California residents at the time of the incident may receive up to twice the ordinary cash-fund payment.
Who qualifies
- Affected information: You are a living person in the United States whose private information was affected by the incident, including people who received a notice.
- Account status alone: Merely having a FinWise or American First Finance account does not establish eligibility if your private information was not affected.
- California cash treatment: A class member who lived in California when the incident occurred may qualify for up to twice the ordinary cash-fund payment.
- Exclusions: The defendants and related controlled entities, specified insiders, the court personnel listed in the notice, people with prior releases, and people who validly opt out are excluded.
What you could receive
Pro rata cash payment without loss documentation
This payment is an alternative to the documented-loss option. The amount is unknown and depends on approved claims and the net settlement fund.
Two years of three-bureau credit monitoring
Monitoring may be requested in addition to either the documented-loss option or the cash-fund option.
Up to twice the ordinary cash-fund payment
Eligible class members who lived in California when the incident occurred may receive up to two shares of the cash-fund payment. This does not double the $5,000 documented-loss ceiling.
The $2.8 million gross fund pays administration, taxes, court-approved fees, expenses, service awards, monitoring, and class payments. A claimant must choose either documented losses up to $5,000 or a pro rata cash-fund payment. Monitoring may be added to either choice. Documented-loss claims are paid before cash-fund payments under the notice's allocation structure. If approved documented losses exhaust the net fund, they may be reduced pro rata and no cash-fund payments may remain. No amount is guaranteed.
How to file your claim
- Go to FinWiseDataSettlement.com and use the official Epiq claim login with the Unique ID and PIN from your notice.
- Choose one payment path: documented losses up to $5,000 or the alternative cash-fund payment. Select monitoring separately if desired.
- Upload third-party documentation for a documented-loss claim and keep copies of the records submitted.
- Submit online by October 29, 2026. If mailing a claim, follow the current official form exactly and send it early because public materials differ on postmark versus receipt wording.
- Keep your confirmation and notify the administrator if your contact information changes.
Official settlement site: FinWiseDataSettlement.com. Class Action Pulse is not the settlement administrator or a law firm — always verify eligibility, deadlines, and payout details through the official source above.
Free eligibility check
Do you qualify?
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Sources
Frequently asked questions
Can I claim both the $5,000 loss benefit and the cash-fund payment?
No. The two payment paths are alternatives. You may add the two-year monitoring benefit to either payment choice.
How much is the cash-fund payment?
The amount is not established. It depends on the net fund, the number and type of valid claims, and the amount paid for monitoring and documented losses.
What proof is required for documented losses?
Reasonable third-party documentation such as receipts, statements, or other records is required. A self-prepared or handwritten record alone is insufficient.
Who gets the California multiplier?
Eligible class members who resided in California at the time of the incident may receive up to twice the ordinary cash-fund payment. The provision does not increase the documented-loss cap.
Has the court found that the defendants failed to protect data?
No. The court preliminarily approved the settlement process but has not decided liability, negligence, damages, or whether any law was violated.
When will payments be distributed?
No payment date is guaranteed. Benefits depend on final approval and the settlement becoming final after any appeals or other review.
Is Class Action Pulse administering this settlement?
No. Class Action Pulse is not a law firm or settlement administrator and does not guarantee eligibility or payment. Epiq operates the official process.