If you’ve used Cash App between August 23, 2018, and August 20, 2024, you may be eligible to receive compensation from a $15 million class action settlement. Users affected by unauthorized transactions, data breaches, or failed error resolution can file a claim by November 18, 2024, to receive up to $2,500.
What Is the Cash App Settlement About?
Cash App and its parent company, Block Inc., have agreed to a $15 million settlement to resolve a lawsuit concerning security breaches and account-related issues. This settlement aims to compensate users who experienced unauthorized transactions, data exposure, or poor customer service.
Even though Cash App denies any wrongdoing, they have agreed to settle the case to avoid further litigation.
Who Is Eligible for the Cash App Settlement?
You may qualify for a claim if you:
- Used Cash App or Cash App Investing between August 23, 2018, and August 20, 2024
- Experienced unauthorized transactions or account access
- Had issues with fraudulent withdrawals from your account
- Faced data breaches or security failures
- Reported an error, but Cash App failed to resolve it properly
Even if you no longer have a Cash App account, you may still be eligible.
How Much Can You Get?
Eligible users may receive:
- Up to $2,500 for financial losses due to unauthorized transactions
- Up to $75 for time spent resolving issues ($25 per hour, up to 3 hours)
- Reimbursement for out-of-pocket expenses, such as credit monitoring fees
How to File a Claim?
To receive compensation, you must file a claim before November 18, 2024.
Step-by-Step Guide to File a Claim:
- Visit the official settlement website: CashAppSecuritySettlement.com
- Submit your claim online or download and mail the claim form
- Provide proof of unauthorized transactions or losses (bank statements, police reports, emails, etc.)
- Wait for approval – payments will be distributed after the final hearing
Important Dates
- Claim submission deadline: November 18, 2024
- Opt-out or objection deadline: November 1, 2024
- Final court hearing: December 16, 2024
What Happens Next?
The court will hold a final approval hearing on December 16, 2024. If the settlement is approved, eligible users will start receiving payments. However, the payout timeline may vary based on the number of claims and legal proceedings.
Frequently Asked Questions
1. How do I know if I qualify for compensation?
If you experienced an unauthorized transaction, fraud, or security issues with Cash App between August 23, 2018, and August 20, 2024, you may be eligible.
2. How much money will I receive?
Compensation varies, but users can receive up to $2,500 depending on their financial losses. If you only lost time, you may receive up to $75 ($25 per hour for 3 hours max).
3. Do I need proof to file a claim?
Yes, you should provide supporting documents, such as bank statements, fraud reports, or screenshots of unresolved issues.
4. What if I don’t file a claim?
If you don’t submit a claim, you won’t receive any payment and will lose the right to sue Cash App regarding this issue.
5. How long will it take to receive my payment?
Payments will be distributed after the final court hearing on December 16, 2024, but exact processing times may vary.
Final Thoughts
If you were affected by Cash App security issues, don’t miss your chance to claim your share of the $15 million settlement. Submit your claim before November 18, 2024, to receive compensation for your losses.
Claim your money now: CashAppSecuritySettlement.com
As a finance news writer at sirfal.com, I specialize in breaking down complex economic trends, market updates, and investment strategies into clear, actionable insights. My mission is to empower readers with the knowledge needed to make informed financial decisions. Thank you for engaging with my articles; I hope they add value to your financial journey.