If you’ve used the Cash App mobile payment service over the last six years, you may be eligible for a payout as part of a proposed $15 million class action settlement. The lawsuit claims that Cash App, along with its parent company Block, was negligent in handling user data and security, leading to unauthorized access to accounts and potential financial losses. This article breaks down the details of the Cash App class action settlement, including how to claim your payment, eligibility criteria, and the settlement’s objectives.
Summary Table Of Cash App Class Action Settlement
| Aspect | Details |
|---|---|
| Official Settlement Website | Cash App Settlement |
| Settlement Amount | $15 Million (Total Settlement) |
| Potential Payout | Up to $2,500 for out-of-pocket losses, $25 per hour for lost time (up to 3 hours) |
| Deadline to Submit Claim | April 18, 2025 by 10:59:59 PM (online or postmarked) |
| Eligible Claimants | Current or former Cash App users with unauthorized account access, fund transfers, or data breaches |
| Final Approval Hearing | April 16, 2025 at 9:30 AM |
| Contact Information | Claims support can be reached via the designated settlement administrator |
| FAQ | See below for frequently asked questions |
Overview of the Cash App Class Action Settlement
A class action lawsuit was filed against Cash App and its parent company Block, alleging that both companies were negligent in protecting user data and accounts. According to the lawsuit, a former Cash App Investing employee accessed account data in 2022 without proper authorization. Additionally, in 2023, other unauthorized users accessed Cash App accounts using recycled phone numbers linked to the accounts.
As a result of these breaches, Cash App users who have experienced unauthorized transactions or whose personal information was accessed without consent may be eligible for compensation as part of the settlement.
What Is the Cash App Settlement?
The Cash App Class Action Settlement has been proposed to compensate affected users and ensure the implementation of better security measures in the future. If you’ve had funds transferred from your account without your authorization or your personal information was accessed without consent between August 23, 2018, and August 20, 2025, you might be eligible for compensation.
The total settlement amount for this lawsuit is $15 million, and eligible users can receive compensation based on the type of damages they suffered.
How Much Money Could You Receive in the Cash App Settlement?
The settlement offers varying payouts depending on the type of claim being made. Here’s a breakdown of what you could potentially receive:
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Up to $2,500 for out-of-pocket losses: If you’ve lost money due to unauthorized withdrawals or transactions, you can be reimbursed for your direct financial losses.
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$25 per hour for lost time: If you spent time resolving issues with unauthorized transactions or security breaches, you could be reimbursed up to 3 hours at a rate of $25 per hour.
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Documentation of losses: To claim reimbursement for transaction losses, you will need to provide third-party documentation that proves the financial harm.
If you are eligible, you may receive compensation based on your individual losses and the extent of the breach.
Cash App Settlement Timeline and Key Dates
Several important dates are associated with the Cash App settlement process:
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Deadline for Submitting Claims: The final date for submitting a claim for compensation is April 18, 2025, by 10:59:59 PM (either online submission or postmarked for mail-in claims).
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Final Approval Hearing: The court hearing for the settlement’s approval is scheduled for April 16, 2025, at 9:30 AM. If the settlement is approved, compensation payments will be processed shortly after the hearing.
Who Is Eligible to Claim in the Cash App Settlement?
To participate in the Cash App class action settlement, you must meet one of the following criteria:
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Unauthorized Access: You were a current or former customer of Cash App or Cash App Investing between August 23, 2018, and August 20, 2025, and your account information or Cash App data was accessed or obtained without your authorization.
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Unauthorized Fund Transfers: You had fraudulent withdrawals or unauthorized fund transfers made from or to your Cash App account.
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Account Errors: You experienced a failure in resolving an error with your Cash App account or any financial accounts linked to it, leading to a deficiency in account handling or security.
If you meet any of these criteria, you are eligible to submit a claim and participate in the settlement.
Settlement Goals and Objectives
The primary objective of the settlement is to provide financial compensation to those who were affected by unauthorized access or data breaches while using Cash App. In addition to offering compensation for damages, the settlement also seeks to ensure that Cash App implements better security measures to prevent similar incidents from occurring in the future.
By reaching this settlement, both plaintiffs and defendants aim to avoid the uncertainty, time delays, and legal costs associated with going through a full court trial. The agreement provides an efficient and fair resolution to the case, holding Cash App accountable for its security lapses, while ensuring that affected users receive compensation.
Steps to File a Claim for the Cash App Settlement
If you believe you are eligible for compensation, follow these steps to submit your claim:
1. Confirm Eligibility
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Carefully review the settlement terms to ensure that you meet the criteria for compensation. The eligibility requirements are available on the official settlement website.
2. Collect Documentation
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Gather relevant documents to support your claim. This may include financial records, bank statements, receipts, or official reports that prove the losses you experienced.
3. Complete the Claim Form
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Access the claim form from the official settlement website. Fill it out accurately, providing all requested information about your Cash App account, the issues you experienced, and supporting documentation.
4. Submit the Claim
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Once completed, submit your claim form online or by mail before the April 18, 2025 deadline.
For those submitting by mail, ensure your claim is postmarked by the deadline and sent to the address provided on the settlement website.
Additional Information and Support
If you need further assistance with the settlement process or have questions about the Cash App class action settlement, you can contact the settlement administrator using the contact information provided on the official website.
Be sure to keep your contact information up to date after submitting a claim, as you will need it to receive any payments for which you are eligible.
Frequently Asked Questions (FAQ)
Q: What is the Cash App class action settlement about?
A: The settlement addresses claims that Cash App and Block were negligent in protecting user data, leading to unauthorized account access and fraudulent transactions. Eligible users are entitled to compensation for their out-of-pocket losses and time spent addressing the issue.
Q: How much can I claim?
A: You may be eligible to receive up to $2,500 for out-of-pocket losses and $25 per hour for lost time, up to a maximum of 3 hours.
Q: How do I file a claim?
A: Visit the official settlement website, fill out the claim form, and submit it online or by mail before the April 18, 2025 deadline.
Q: When will I receive payment if my claim is approved?
A: Payments will be distributed after the final approval hearing scheduled for April 16, 2025. The processing time may vary depending on the number of claims.
Q: What documentation do I need to submit with my claim?
A: You will need to provide relevant documents such as financial records, receipts, and third-party documentation to support your claim for transaction losses or other damages.
Conclusion
The Cash App Class Action Settlement offers an opportunity for affected users to receive compensation for unauthorized transactions and data breaches that occurred between August 2018 and August 2025. By following the steps to file a claim and submitting the necessary documentation, eligible users can potentially receive compensation for their out-of-pocket losses and time spent resolving issues.
For more information and to submit your claim, visit the official Cash App Settlement Website.