The USAA data breach class action settlement final approval hearing date is scheduled on 21 May 2025. The New York Southern District Court gave preliminary approval for the USAA data breach settlement in December 2024 and authorized the payment selection form.
The class members of the USAA data breach settlement who wish to ensure they receive the payment must have filed the payment selection form before 07 April 2025, because if the settlement gets the approval, and they do nothing, the administrator will only send the payment if they can locate you.
The deadline for filing the exclusion or objection form was the same, so if you had filed it timely, you can expect the final result on approval in a month. Many third parties have created confusion about who will receive the settlement; however, according to the settlement, around 22,646 individuals were affected by the data breach.
| Settlement | USAA Data Breach Settlement |
| Settlement Fund | $3.25 million |
| Claim Deadline | 07 April 2025 |
| Exclusion/ Objection Deadline | 07 April 2025 |
| Final Approval Hearing | 21 May 2025 |
| Who qualifies? | US individuals affected due to the USAA data breach that occurred on or around 06 May 2021 |
| Max. Payout Amount | Not determined yet |
| Payment Mode | Electronic and Physical Checks |
| Settlement Website | https://www.usaadatasettlement.com/ |
Payout Amount
The USAA does not agree with any wrongdoing in the class action, but they have agreed to pay $3.25 million to compensate the affected class members whose personal information was affected. The class member who has filed the payment selection form before 07 April 2025 and did not file the exclusion or objection form, can expect an equal portion of payment from the fund.
Before the administrator compensates the class members, the administrator will use the fund for paying administration notices costs, service rewards up to $10,000, attorney fees & costs up to $1.08 million, and other expenses approved by the federal court. When the above-mentioned expenses are deducted from the settlement fund, the rest of the fund will be used to compensate the class members.
The payout per person is hard to determine as it depends on the net settlement fund, the number of class members, and other factors. According to the administrator’s estimate, around 22,600 individuals are eligible for the compensation, and they will all equally receive the payout.
Who will receive it?
According to the federal court, people living in the United States are the class members of the settlement when they meet the following conditions:
- The US individuals whose personal information was compromised, stolen, or accessed by a third party due to the Data breach identified on or around 06 May 2021.
Exception:
- The USAA platform officers, directors, successors, subsidiaries, legal representatives, assigns, and controlling interest of the USAA are not included in the settlement.
- The data breach settlement judicial officer, judge, justice, or judicial staff, and their immediate family members, are ineligible for the payout.
- The class members who have filed the objection or exclusion form for the settlement before 07 April 2025 would be excluded from the settlement payout.
When to expect?
The USAA data breach settlement final hearing was set on May 21, 2025, where the court will review the reasonableness of the settlement payout for the class members. The final court hearing will be held in the New York Southern District Court courtroom 620.
Generally, if the court approves the settlement, the class members can expect the payment in 180 days. However, it may take time of a year to allocate and distribute the payment depending on the process. The class member can expect a delay in the payout if someone appeals the court decision after the approval.
The appeal against the court decision on the settlement can stop the processing until the appeal is finalized and the court disagrees with the appeal. So, if there is no appeal, the class members can expect the payout by the end of 2025. The USAA data breach settlement members can expect an update from the administrator about the payout on the settlement website.
Payment Mode
The USAA data breach settlement administrator processes the payout for the settlement based on the method you have elected in the payment selection form; however, if you have not elected the payment mode and are eligible for the payment, like you have received the notice from the administrator you can expect the payment via physical check.
USAA settlement related to data breach offers compensation to the eligible members through the following payment modes:
- PayPal
- Zelle
- Venmo
- Virtual Prepaid Card
- Physical Check
If the class member is skeptical about the payout and the payment method, they can contact the settlement administrator through toll-free number 1-888-464-4086 or send a post to the administrator’s postal address at:
- Angeion Group LLC
- 1650 Arch Street
- Suite 2210,
- Philadelphia, PA 19103.
The USAA data breach settlement hearing will be held on 21 May 2025, The class members will know if the court has finalized the settlement or not in a month. The class members are advised to keep an eye on the settlement website to stay updated on the payment distribution update or stay tuned.