Can I still file a claim for the Evolve Bank data breach settlement?

No. The claim deadline was October 30, 2025, and it has passed. The settlement received final court approval on December 15, 2025. If you did not file a claim before the deadline, you cannot receive a cash payment or credit monitoring from this settlement.

What was the Evolve Bank data breach?

In February and May 2024, unauthorized individuals accessed Evolve Bank & Trust's information systems and obtained files containing the personal information of customers. Evolve is not just a traditional bank — it's a banking-as-a-service provider that powers financial products for many fintech companies. This means the breach affected not only Evolve's direct banking customers but also customers of fintech companies that used Evolve as their banking partner behind the scenes.

What did the Evolve Bank settlement offer?

The settlement offered three benefits. First, 1 year of credit monitoring with real-time alerts and up to $1 million in identity theft insurance (valued at $110 per person). Second, either Cash Payment A (up to $3,000 for documented losses related to the breach) or Cash Payment B (a flat estimated $20 cash payment). All cash amounts were subject to pro rata adjustment.

When will Evolve Bank settlement payments be sent?

The final approval order was entered on December 15, 2025. Payments will be processed after any potential appeals are resolved. The exact payment timeline has not been publicly announced. Check the settlement website at EvolveDataSettlement.com for updates on payment status.

I never heard of Evolve Bank. Why was my data breached?

Evolve Bank operates behind the scenes as the banking partner for many fintech companies and apps. When you signed up for certain financial apps or services, your personal information was shared with Evolve as part of the banking relationship — even though the app may have been the only brand you interacted with. That's how your data ended up in Evolve's systems and was exposed in the breach.

Evolve Bank & Trust Data Breach Settlement Approved — Claim Window Closed

Q: What is Evolve Bank & Trust?

Evolve Bank & Trust is a Tennessee-based bank that operates as a banking-as-a-service (BaaS) provider. While it has direct banking customers, its bigger role is as the behind-the-scenes bank that powers financial products for fintech companies. If you used a fintech app for banking, payments, or lending, there's a chance Evolve was the actual bank holding your money or processing your transactions — even if you never heard of them. This is why the breach affected people who never directly opened an account with Evolve.

Q: Has the Evolve Bank settlement been approved by the court?

Yes. The Final Approval Hearing was held on November 14, 2025, and the Final Approval Order was entered on December 15, 2025. The settlement is approved.

By Steve Levine

Evolve Bank Trust Data Breach Class Action Settlement

Published: February 16, 2026

Status: Final Approval Granted — December 15, 2025

Claim Deadline: October 30, 2025 (passed — claims are closed)

Settlement Offered: $20 flat cash or up to $3,000 for documented losses + 1 year credit monitoring with $1M insurance

Latest Update

The Evolve Bank & Trust data breach settlement has received final court approval. The Final Approval Hearing was held on November 14, 2025, and the Final Approval Order was entered on December 15, 2025. The claim window is now closed — the deadline to file was October 30, 2025.

If you filed a claim before the deadline, payments will be processed after any potential appeals are resolved. If you did not file a claim, you can no longer receive cash or credit monitoring from this settlement.

What Happened?

In February and May 2024, hackers gained unauthorized access to the computer systems of Evolve Bank & Trust and obtained files containing the personal information of customers. The compromised data included names, dates of birth, Social Security numbers, driver's license numbers, bank account numbers, and contact information.

What makes this breach unusual is who Evolve Bank is and how many people it touches without them even knowing.

What Is Evolve Bank & Trust?

Evolve Bank & Trust is a Tennessee-based bank, but it's not the kind of bank most people walk into. Evolve's bigger role is as a "banking-as-a-service" (BaaS) provider — meaning it's the bank that operates behind the scenes for many fintech companies and apps.

When you sign up for a financial app — something that lets you send money, get a debit card, take out a loan, or open a savings account — there's usually a traditional bank behind it that actually holds the money and processes the transactions. Evolve was that bank for a number of fintech companies (referred to in the settlement as "Evolve FinTechs").

This is why many people affected by this breach had never heard of Evolve Bank. They signed up for a fintech app, provided their personal information, and that information was shared with Evolve as part of the banking relationship. When Evolve's systems were breached, all of that data was exposed — regardless of whether the person had a direct relationship with Evolve.

Who Was Affected?

The settlement class included all people in the United States who provided their personal information to Evolve Bank & Trust, directly or indirectly, and whose information was included in the files affected by the breach. "Indirectly" is the key word — it covers people whose data reached Evolve through a fintech app or partner company.

What Did the Settlement Offer?

Settlement class members who filed a valid claim by October 30, 2025 were eligible for the following benefits:

1 year of credit monitoring with real-time alerts and up to $1,000,000 in identity theft insurance. The settlement valued this benefit at $110 per person per year. This was available to all class members.

In addition to credit monitoring, each class member could choose one cash option:

Cash Payment A: Up to $3,000 for documented out-of-pocket losses related to the breach. Required supporting documentation like receipts, bank statements, or correspondence.

Cash Payment B: A flat estimated $20 cash payment. No proof of losses needed.

Both cash amounts were subject to pro rata adjustment — meaning they could increase if fewer people filed or decrease if the fund ran short.

Timeline

• Breach: February and May 2024
• Opt-Out Deadline: October 15, 2025 (passed)
• Objection Deadline: October 15, 2025 (passed)
• Claim Deadline: October 30, 2025 (passed)
• Final Approval Hearing: November 14, 2025 at 2:00 PM CT
• Final Approval Order: December 15, 2025

When Will Payments Arrive?

The exact payment date has not been publicly announced. Payments are processed after the settlement becomes final and all potential appeals are resolved. If you filed a claim, check the settlement website for updates on payment timing.

Case Information

The case is In Re: Evolve Bank & Trust Customer Data Security Breach Litigation, MDL No. 2:24-md-03127-SHL-cgc, in the United States District Court for the Western District of Tennessee.

Defendant: Evolve Bank & Trust.

Settlement Administrator: Kroll Settlement Administration LLC, P.O. Box 225391, New York, NY 10150-5391.

Settlement Website: EvolveDataSettlement.com

Sources

• Settlement Website: EvolveDataSettlement.com
• Final Approval Order, In Re: Evolve Bank & Trust Customer Data Security Breach Litigation, MDL No. 2:24-md-03127-SHL-cgc (W.D. Tenn.), entered December 15, 2025

About This Article

The claim deadline for this settlement has passed. This article is provided as a news update for people tracking the Evolve Bank & Trust data breach settlement. OpenClassActions.com is a consumer news site and is not the settlement administrator or a law firm.

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Settlement Summary
Status	Final Approval Granted — Claims Closed
Final Approval	December 15, 2025
Claim Deadline	October 30, 2025 (passed)
Cash Options (Were)	~$20 flat cash OR up to $3,000 documented losses
Credit Monitoring	1 year with $1M identity theft insurance (valued at $110)
Category	Data Breach / Banking / Fintech
Defendant	Evolve Bank & Trust
Data Exposed	Names, DOB, SSNs, driver's license numbers, bank account numbers, contact info
Breach Date	February & May 2024
Case Number	MDL No. 2:24-md-03127-SHL-cgc
Court	U.S. District Court, Western District of Tennessee
Settlement Admin	Kroll Settlement Administration LLC
Settlement Website	EvolveDataSettlement