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Fidelity customers may qualify for up to $5,000 after data breach lawsuit

Fidelity customers may be eligible for payouts after a 2024 data breach settlement. ©Image Credit: Wiki Commons

If you had a Fidelity Investments account in 2024, there’s a chance your data was exposed. And now, a class-action lawsuit tied to that breach is turning into a payout, with some customers eligible for up to $5,000.

The case centers around a data breach that happened between August 17 and August 19, 2024. During that window, a third party allegedly gained unauthorized access to Fidelity’s network and accessed sensitive customer information.

While Fidelity says it didn’t do anything wrong, it agreed to a $2.5 million settlement to avoid a long legal battle.

Who might be eligible

Fidelity says it notified more than 77,000 people directly. And according to court filings, another 86,000 customers may also qualify if their account or routing numbers were exposed.

You could be eligible if you received a notification from Fidelity about the breach or your financial account details were involved in the incident.

If you’re unsure, there’s a settlement website and contact line to check your status.

How much money is on the table

There are a few different payout paths, depending on your situation. While the standard payment for affected customers ( no proof required ) is around $100, those who can prove actual financial losses tied to the breach stand a chance to be paid up to $5,000.

If you live in California, there may be an additional ~$50 payment tied to privacy laws.

It is important to note that the $5,000 option is the max, as most people will likely fall into the smaller, flat payment category.

Whatever amount you are eligible to get, you do not automatically get paid. It is a “if you do nothing, you get nothing” kind of situation. Hence, you have to file a claim by July 27, 2026. If you would like to opt out of the settlement, you can do so on or before June 26, 2026.

If you had a Fidelity account around August 17 and August 19, 2024, it is worth checking. Because this is one of those situations where the difference between getting paid and getting nothing is just whether you actually file within the deadline.

Source: USA Today

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