People residing in the United States affected by the Evolve 2024 data breach incident should file the claim form immediately, as the deadline is approaching fast, October 30, 2025. If you are interested, you can check the settlement eligibility, payout, claim process, and other details here.
The lawsuit against Evolve Bank & Trust was filed in the State District Court, Western District of Tennessee, over the data breaches of February and May 2024. The data breach has caused unauthorized access to the private information of the defendant and Evolve Fintech customers.
The defendant has agreed to pay a settlement fund of $3.78 million, from which the valid claimants will receive maximum payment up to $3000, depending on their claim, and the credit monitoring service for a year.
Who can claim the Evolve Bank & Trust data breach settlement?
You can check the Evolve Bank & Trust data breach settlement class member eligibility below and see if you can claim the settlement or not:
- You’re residing in the United States, and directly or indirectly provided your information to Evolve. Your private information was compromised in the 2024 data breach and was accessed by the cyber criminals.
- You may have received the defendant’s notice on the data incident on or about 01 July 2024, notifying you of the potential damage to the private information.
Exclusion:
- Evolved governing board members and government entities cannot participate in the settlement.
- The court, judicial staff, and the immediate family member cannot claim the settlement.
- People who have filed the exclusion form before the deadline cannot claim the settlement.
What are the important dates of the Evolve Bank & Trust settlement?
Now, if you are a class member of the Evolve Bank & Trust settlement, you must know the important dates to exercise your right before the deadline and not miss it:
| Settlement Event | Important Dates |
| Claim Deadline | 30 October 2025 |
| Exclusion/ Objection Deadline | 15 October 2025 |
| Final Approval Hearing | 14 November 2025 |
What will be your payout under the Evolve Bank & Trust data settlement?
The class members who filed the settlement claim form on time will receive the settlement payout from $3.78 million fund, where the money will be first used to cover the administration expenses, service awards, and attorney costs & fees.
The net settlement fund will be used to compensate the valid claimants based on the following settlement benefits:
- Cash Payment A:
- You will receive the cash payment A if you can document the loss you incurred in dealing with the data incident issues, such as credit freeze fees, and others.
- The Cash payment A will be around $3000 for each class member, depending on the documentation and loss.
- Cash Payment B:
- You will receive the cash payment B, which is an alternative payment of Cash payment A, that is, when you don’t have a documented loss.
- The estimated payment of the cash payment B is $20, which can be increased or decreased depending on the number of claims filed.
Apart from the above cash payments, you will also receive the credit monitoring service for a year with real-time alerts, insurance coverage of $1 million for identity theft, and other benefits.
How to claim the Evolve Bank & Trust data breach settlement?
If you are an Evolve Bank & Trust settlement class member and wish to claim the settlement, you can follow the following claiming methods:
- Online:
- Visit the official Evolve Bank & Trust data breach settlement website https://evolvesettlement.com/
- Next, click the “Submit Claim” option, and after the verification, enter the class member ID you received through the notice.
- After you log into the settlement portal, complete the other steps and answer the questions.
- After you have entered the valid information and uploaded the supported documents (if any), you must submit the claim form.
- Mail: You can download the claim form of The Evolve settlement, and after filling it, you can postmark it to the following address:
- In re Evolve Bank & Trust Customer Data Security Breach Litigation
- c/ o Kroll Settlement Administration LLC
- PO Box 225391, New York
- NY 10150-5391.
The settlement administrator will process the payment if the federal court approves the settlement on 14 November 2025. It may take around 90 to 180 days for the payments, hence you have to wait longer, around 2026.
The Evolve Bank & Trust data settlement claim process is going on; it is just 15 days away from getting close, hence the class members must hurry to claim the settlement.
Disclaimer: Evolve Bank & Trust data breach settlement info is for reference; eligibility and payouts are determined by official administrators.
