Cash App users are eligible for a share of a $15 million class-action settlement — but the deadline for filing a claim is today.
If you used the Cash App mobile payment service to transfer money in the last six years, you might be eligible for a $2,500 payout as part of a proposed $15 million class-action settlement. But you need to act today to take part in the settlement.
The class action lawsuit alleges Cash App and its parent company Block were negligent when a former Cash App Investing employee accessed account data in 2022 without authorization and when another user accessed certain Cash App accounts in 2023, using recycled phone numbers that were linked to the accounts.
If you’ve used Cash App in the past six years and have experienced a transfer of unauthorized funds, or if your Cash App personal information or account was accessed without your consent, you could be eligible to file a claim. But you need to act now.
Here’s what to know about the Cash App settlement, including how to submit a claim, what we know about the expected payout dates and when you need to file a claim. For more, here’s how to secure your Cash App personal and finance information and everything we know about the National Public Data breach.
Understanding the Cash App Settlement
The settlement addresses two significant data breaches:
- December 2021 Incident: A former employee accessed reports containing sensitive user information without authorization.
- Subsequent Breach: Unauthorized access occurred through recycled phone numbers linked to Cash App accounts.
These breaches potentially exposed personal and financial data of millions of users.
Eligibility Criteria for Claimants
To be eligible for compensation, you must:
- Be a current or former Cash App user.
- Have had your personal or account information accessed without authorization between August 23, 2018, and August 20, 2024.
- Experienced fraudulent transactions or unresolved errors in your Cash App account during this period.
How to File a Claim
Eligible users should:
- Visit the Settlement Website: Navigate to the official settlement page to access the claim form.
- Provide Necessary Documentation: Submit evidence of unauthorized access or fraudulent transactions, such as bank statements or correspondence with Cash App support.
- Submit the Claim Form: Complete and submit the form online or by mail before the specified deadline.
Important Deadlines
- Claim Submission Deadline: November 18, 2024.
- Final Approval Hearing: January 13, 2025.
Missing the submission deadline may forfeit your right to compensation.
Potential Compensation Details
| Type of Loss | Maximum Compensation | Required Documentation | Notes | Submission Method |
|---|---|---|---|---|
| Out-of-Pocket Expenses | Up to $2,500 | Receipts, bank statements | Must be directly related to breach | Online/Mail |
| Fraudulent Transactions | Varies | Proof of unauthorized charges | Must show efforts to resolve | Online/Mail |
| Lost Time | $25 per hour (up to 4 hours) | Detailed description of time spent | Must relate to breach mitigation | Online/Mail |
The actual compensation amount depends on the number of valid claims filed and the specific losses incurred.
By participating in this settlement, affected users can receive compensation for their losses and contribute to holding companies accountable for data security. Ensure you file your claim promptly to secure your potential benefits.
FAQs
Who is eligible for the Cash App settlement?
Current or former Cash App users who experienced unauthorized account access or fraudulent transactions between August 23, 2018, and August 20, 2024, are eligible.
What documentation is needed to file a claim?
Documentation such as bank statements, receipts, or correspondence with Cash App support that evidences unauthorized access or fraudulent transactions is required.
How much compensation can I expect?
Eligible claimants can receive up to $2,500 for out-of-pocket expenses, with additional compensation for lost time and fraudulent transactions, depending on individual circumstances.
When is the deadline to submit a claim?
The deadline to submit a claim is November 18, 2024.
How will I receive my settlement payment?
Approved claimants will receive payments via check or direct deposit, as specified during the claim submission process.
