Surprise Deposits Hitting Bank Accounts From T-Mobile’s $350M Data Breach Settlement
If you were a T-Mobile customer in 2021, check your bank account—you might find an unexpected deposit this summer. Payouts from the company’s massive $350 million data breach settlement have started appearing in customers’ accounts, with some receiving payments as high as $375, according to reports from Android Authority and Reddit users.
Why Are People Getting Paid?
The payments stem from a 2022 class-action settlement after T-Mobile suffered a cyberattack in 2021 that exposed the names, addresses, and Social Security numbers of 76 million U.S. customers. The breach was one of the largest in history, and T-Mobile agreed to the second-biggest data breach settlement ever, trailing only Equifax’s $700 million payout in 2019.
When Are Payments Arriving?
Originally, settlement checks were expected in April, then delayed to May. Now, in mid-June, customers are finally seeing deposits labeled either:
- “T-Mobile Data Breach Settlement”
- “Kroll Settlement Payouts”
A settlement representative did not immediately respond to a request for comment on the timeline.
How Much Will You Get?
If you didn’t file a claim by the deadline, you won’t receive a payment. For those who did, payouts vary:
- $25 or less for general claimants (depending on fund availability).
- $100 for California residents at the time of the breach (due to state privacy laws).
- Up to $25,000 for those who proved financial losses, such as:
- Fraud-related expenses
- Credit freezes
- Identity theft recovery costs
What Else Does the Settlement Cover?
Beyond cash payouts, the settlement includes:
✔ Free identity theft protection services (for those who signed up).
✔ Credit monitoring and restoration assistance.
✔ Reimbursement for documented losses.
How to Check If You’re Eligible
If you’re unsure whether you filed a claim, you can:
- Review past emails from T-Mobile or the settlement administrator.
- Check your bank account for deposits from Kroll or T-Mobile.
- Visit the official settlement website for claim status updates.