If you’ve ever used Cash App and faced unauthorized access or unexpected transactions, you might be eligible for a payout from a major Cash App lawsuit settlement worth $15 million. Yep, that’s right—up to $2,500 could be yours, and it’s no scam.
Cash App Lawsuit Settlement
| Detail | Information |
|---|---|
| Settlement Amount | $15 million total |
| Individual Payout | Up to $2,500 per claimant |
| Eligibility Period | August 23, 2018 – August 20, 2024 |
| Deadline to File | November 18, 2024 (now passed) |
| Official Site | Cash App Settlement Site |
| Company Sued | Block, Inc. (formerly Square, Inc.) |
| Reason | Unauthorized access, fraud, and failure to secure user data |
The Cash App lawsuit settlement gave affected users a chance to be compensated for serious privacy lapses. Even if you missed out, take steps now to lock down your financial apps and stay in the know. Data breaches are real, and your best defense is staying informed and proactive.
What’s the Cash App Lawsuit All About?
The lawsuit was filed after thousands of users complained about data breaches, account hacks, and unauthorized transactions. Plaintiffs claimed Block Inc. didn’t do enough to protect personal information stored in Cash App accounts. It all came to a head when a former employee allegedly accessed sensitive data without permission.
To avoid a prolonged court battle, Block agreed to settle for $15 million, allowing affected users to claim compensation for losses, time, and stress. No need to prove wrongdoing—if you fit the criteria, you’re likely eligible.
Who Qualifies for the Settlement?
You qualify if:
- You used Cash App or Cash App Investing.
- Your account was active between August 23, 2018, and August 20, 2024.
- Your account experienced unauthorized access or fraudulent transactions.
Even if you didn’t lose money but dealt with account recovery or fraud claims, you could still be eligible.
What Can You Get From the Settlement?
If your claim was approved before November 18, 2024, you may receive:
1. Out-of-Pocket Loss Reimbursement
Covers things like:
- Identity theft monitoring services.
- Bank fees due to fraud.
- Legal expenses or lost wages.
2. Time Compensation
You can claim up to three hours of your time spent dealing with fraud issues, valued at $25/hour.
3. Direct Compensation
If you can prove unauthorized withdrawals, Cash App might refund you up to $2,500.
Step-by-Step Guide: How to Claim Your Cash App Settlement
Step 1: Visit the Official Settlement Website
Head over to the official settlement portal and look for the claim submission form.
Step 2: Enter Your Claim ID
If you received a mailed or emailed notice, use the Claim ID and Confirmation Code provided.
Step 3: No Code? No Problem.
If you didn’t get a notice, you could still file by describing your situation and providing proof (bank statements, emails, screenshots).
Step 4: Upload Your Documents
Supporting documents are key. Include:
- Receipts or bank statements
- Police or fraud reports
- Communication with Cash App support
Step 5: Submit and Save
Once done, you should get a confirmation email. Save that bad boy!
Can You Still File a Claim?
Sadly, the deadline to file was November 18, 2024, at 10:59 PM PT. If you missed it, your options are:
- Pursue individual legal action if you opted out of the class action.
- Stay informed in case of future settlements involving Cash App.
What If You Already Filed?
You’re golden! Now it’s just a waiting game. Payments typically go out within 6–12 months of the final court approval.
Why This Matters (Even If You Missed Out)
This settlement sends a loud message to fintech companies: protect your users. It also shows consumers that there’s legal recourse when data privacy is neglected.
It’s a wake-up call to:
- Use strong passwords.
- Enable two-factor authentication.
- Monitor your financial apps like a hawk.
FAQs
Q1: What is the Cash App settlement about?
It’s a $15 million settlement for users affected by unauthorized access or fraud on their Cash App accounts.
Q2: How much can I get from the Cash App lawsuit?
Up to $2,500, depending on your documented losses and time spent addressing the issue.
Q3: Can I still file a claim?
No, the deadline was November 18, 2024.
Q4: Where can I check my claim status?
At the official settlement site. Use your Claim ID to log in.
Q5: Is this legit?
Yes, it’s a real class-action settlement. For verification, visit FTC’s settlement.
