FinWise Bank Data Breach Settlement, Check If You Qualify — Minter v. FinWise Bank et al., No. 2:25-cv-00569-JNP-CMR

FinWise Bank sat on a data breach for more than a year — and now there’s $2.8 million on the table because of it. FinWise Bank, FinWise Bancorp, and American First Finance agreed to pay $2,800,000 to settle Minter v. FinWise Bank et al., No. 2:25-cv-00569-JNP-CMR, over a data breach from May 31, 2024. Here’s how to check if you qualify and file before October 29, 2026.

FinWise Bank Data Breach Settlement — Key Facts

Detail	Info
Settlement Amount	$2,800,000
Claim Deadline	October 29, 2026
Who Qualifies	US residents whose Private Information was affected by the May 31, 2024 incident
Estimated Payout	Up to $5,000 (documented losses) or pro rata Cash Fund Payment (no proof)
Proof Required	Yes, for Documented Losses. No, for the Cash Fund Payment
Settlement Status	Preliminarily approved July 1, 2026; Final Approval Hearing pending
Court & Case Number	U.S. District Court, District of Utah — No. 2:25-cv-00569-JNP-CMR
Law Alleged	Negligence, breach of contract, unjust enrichment
Administrator	Epiq
Official Claim Site	finwisedatasettlement.com
Last Updated	September 5, 2026

Who Is FinWise Bank and Why Are They Being Sued for the Data Breach?

FinWise Bank is a Utah-based, FDIC-insured bank that funds loans on behalf of fintech partners, including American First Finance, which handles the loan servicing side. That partnership means FinWise held sensitive records — names, dates of birth, Social Security numbers, account numbers — for hundreds of thousands of people who never dealt with the bank directly. The lawsuit claims FinWise didn’t protect that data the way it should have, and didn’t tell anyone in time once it found out.

What Did FinWise Bank Do to Customers Around May 31, 2024?

The breach itself wasn’t a hack from outside. A Maine Attorney General filing says it involved “a former employee who accessed FinWise data after the end of their employment.” FinWise’s own notification letter puts the number at 689,000 people.

Here’s what doesn’t show up on the settlement site: that same Maine filing shows FinWise discovered the breach on June 18, 2025 — 383 days after it happened. Notice letters didn’t go out until around July 29, 2025, nearly 14 months after the breach date. Plaintiffs sued for negligence, breach of contract, and unjust enrichment; FinWise denies all of it.

A year and change of silence is the kind of gap that turns a data breach into a lawsuit.

Who Qualifies for the FinWise Bank Data Breach Settlement?

Here’s exactly how to know if the FinWise data breach settlement includes you.

• Anyone who received a notice letter about the May 31, 2024 Data Incident
• Any US resident whose Private Information was affected, notified or not
• Current or former FinWise loan customers whose data reached American First Finance’s systems
• California residents at the time of the breach — eligible for extra Cash Fund relief

You do not qualify if you’re a FinWise/AFF employee, a presiding judge’s family member, or if you opt out by September 29, 2026.

FinWise Customers Outside Utah — Are You Still Covered?

Yes. The class is nationwide, not Utah-specific. If you’re a US resident who got a notice letter, your state doesn’t change your eligibility — except for California residents, who get an added benefit.

Not sure if you qualify? A free consultation with a data privacy attorney can help before October 29, 2026.

How Much Can FinWise Bank Data Breach Settlement Class Members Get?

Class members can file for up to $5,000 in documented losses — fraud charges, credit monitoring costs, notary and mileage expenses tied to fixing the breach — with records to back it up. No proof? Choose the Cash Fund Payment instead, split pro rata among everyone who picks it. California residents get up to double the Cash Fund Payment. Everyone can also add two years of three-bureau credit monitoring.

Administrative costs, attorneys’ fees, and service awards come out of the $2.8 million fund first, then credit monitoring, then documented losses, then whatever’s left goes to cash payments. File early — if documented-loss claims run over the Net Settlement Fund, cash payments disappear and documented-loss checks shrink pro rata.

How to File Your FinWise Bank Data Breach Settlement Claim — Step by Step

1. Go to finwisedatasettlement.com and start your claim online.
2. Choose Documented Losses, the Cash Fund Payment, or both, plus credit monitoring if you want it.
3. Enter your contact details and any identifying information requested.
4. Upload proof for any documented-loss claim — receipts, statements, monitoring charges.
5. Submit online, or mail your form to FinWise Data Incident Settlement Administrator, PO Box 4390, Portland, OR 97208-4390.
6. Save your confirmation, and update your address with the administrator (1-877-419-3877) if you move.

Takes about 10 minutes. Deadline: October 29, 2026.

Should FinWise Bank Class Members Opt Out or Object Before September 29, 2026?

What Opting Out of the FinWise Settlement Actually Means

Opting out means no settlement benefits, but you keep your right to sue FinWise on your own. You can’t do both — object and opt out at the same time. The deadline is September 29, 2026, and it can’t be done by phone or email.

How to Object to the FinWise Settlement

Objecting keeps you in the class while telling the court what you don’t like. Mail a written objection naming the case, your contact information, and your grounds for objecting to the Settlement Administrator, postmarked by September 29, 2026.

Talk to a class action lawsuit attorney before September 29, 2026 if you’re considering either option.

FinWise Bank Data Breach Settlement — Key Dates, 2026

Milestone	Date
Preliminary Approval	July 1, 2026
Claims Period Opens	UNVERIFIED — not stated as a separate date from claim deadline
Objection Deadline	September 29, 2026
Opt-Out Deadline	September 29, 2026
Claim Filing Deadline	October 29, 2026
Final Approval Hearing	December 10, 2026, 10:00 a.m.
Expected Payment Date	UNVERIFIED — pending final approval and any appeals

FinWise Bank Data Breach — Frequently Asked Questions, No. 2:25-cv-00569-JNP-CMR

Do I need a lawyer to file a FinWise Bank data breach settlement claim?

 No. The online form at finwisedatasettlement.com handles it, though a data privacy attorney can help if you’re weighing your options.

Is the FinWise Bank data breach settlement legitimate?

 Yes. It’s a real case, Minter v. FinWise Bank et al., No. 2:25-cv-00569-JNP-CMR, pending in the District of Utah and run by Epiq under court supervision.

When will FinWise settlement payments be sent? 

Not before the December 10, 2026 Final Approval Hearing, and only after any appeals resolve. No exact payment date has been posted.

What if I missed the FinWise claim deadline? 

Claims submitted or postmarked after October 29, 2026 generally won’t be paid. Check finwisedatasettlement.com for any updates.

Will my FinWise settlement payment be taxed? 

The settlement site doesn’t specify withholding on these payments. Ask a tax professional how a data breach settlement payment applies to you.

How long did FinWise wait to tell people about the breach? 

The breach happened May 31, 2024, but Maine AG records show FinWise didn’t discover it until June 18, 2025, and didn’t send notice letters until around July 29, 2025 — close to 14 months later.

Do California residents get extra money from the FinWise settlement? 

Yes. Class members who lived in California at the time of the breach can claim up to twice the standard Cash Fund Payment.

Sources Used in This FinWise Bank Data Breach Article

• Official Settlement Website — Minter v. FinWise Bank et al., accessed Sept. 5, 2026: https://www.finwisedatasettlement.com/
• Settlement FAQ — FinWise Data Incident Settlement: https://www.finwisedatasettlement.com/Home/FAQ
• Long Form Settlement Notice: https://www.finwisedatasettlement.com/Content/Documents/FinWise_LFN.pdf
• Maine Attorney General Data Breach Notification — American First Finance, LLC: https://www.maine.gov/agviewer/content/ag/985235c7-cb95-4be2-8792-a1252b4f8318/0a2d6819-6c47-43c1-9825-72f181e7bcdf.html

Researched and written by Israr Ahmad, legal content researcher and founder of AllAboutLawyer.com. All facts verified against the official settlement website and the Maine Attorney General’s breach filing on September 5, 2026. Last Updated: September 5, 2026.

This article is for informational purposes only and does not constitute legal advice. Laws vary by state and individual circumstances differ. For advice about your specific situation, consult a qualified attorney.