If you have used the Cash App mobile payment service to transfer money over the last six years, you may be eligible for a payout as part of a proposed $15 million class action settlement. The lawsuit alleges that Cash App and its parent company, Block, were negligent in securing user data, which resulted in unauthorized access and fraudulent transactions. This article provides an in-depth overview of the settlement, including eligibility, the claims process, deadlines, and payout details.
Cash App Settlement Overview
| Detail | Information |
|---|---|
| Settlement Name | Cash App Class Action Settlement |
| Total Settlement Amount | $15 Million |
| Maximum Individual Payout | $2500 |
| Hourly Compensation | $25/hour (up to 3 hours) |
| Eligibility Period | August 23, 2018 – August 20, 2025 |
| Final Approval Hearing | February 16, 2025 |
| Claim Deadline | November 18, 2025 |
| Payment Date | Expected after approval hearing |
| Submission Method | Online or Mail |
| Official Website | ServiceAustralia.gov.au |
Cash App Class Action Settlement: Key Details
The class action lawsuit against Cash App was initiated due to data breaches and unauthorized transactions that affected users. Specifically, the lawsuit alleges that:
- In 2022, a former Cash App Investing employee accessed account data without proper authorization.
- In 2023, another user gained access to certain Cash App accounts using recycled phone numbers that were still linked to the accounts.
- Users experienced unauthorized transactions or breaches of personal information.
If you have used Cash App within the past six years and have experienced any of these issues, you could be eligible to file a claim.
Eligibility for Cash App Settlement
You are eligible to file a claim if any of the following apply to you between August 23, 2018, and August 20, 2025:
- You were a current or former customer of Cash App or Cash App Investing and had personal information accessed or obtained without your authorization.
- You experienced unauthorized withdrawals or fraudulent fund transfers to or from your Cash App account.
- You had an unresolved error in your Cash App account or any linked financial account due to security issues.
Payout Details: How Much Can You Receive?
The proposed settlement of $15 million will be distributed among eligible claimants. If you qualify, you may receive:
- Up to $2500 per person for out-of-pocket losses, including fraudulent transactions, financial losses, and credit monitoring costs.
- $25 per hour (for up to 3 hours) as compensation for time lost due to unauthorized access or fraudulent activities.
- Reimbursement for documented transaction losses, provided third-party documentation is submitted as proof.
How to File a Claim
To submit a claim for the Cash App settlement, follow these steps:
- Confirm Eligibility: Ensure that you meet the eligibility criteria outlined above.
- Collect Documentation: Gather all relevant documents, including financial records, receipts, and official correspondence related to the unauthorized transactions.
- Complete the Claim Form: Fill out the form accurately, attach the required documentation, and submit it before the deadline.
- Submit the Form: Claims can be submitted online or by mail. If submitting by mail, ensure it is postmarked by the deadline.
Important Deadlines
- Final Approval Hearing: February 16, 2025, at 9:30 AM.
- Claim Submission Deadline: November 18, 2025, by 10:59 PM (Online) or postmarked (Mail).
- Expected Payout Date: Payments will be issued after the final approval hearing and once claims have been reviewed.
Settlement Goals and Objectives
The primary objective of the settlement is to:
- Compensate affected users for financial losses due to unauthorized transactions or security breaches.
- Ensure stronger security measures to prevent future breaches.
- Resolve legal disputes efficiently without prolonged court trials, minimizing legal costs and uncertainties.
- Hold Cash App accountable for lapses in security while providing relief to impacted users.
FAQs
1. How do I know if I qualify for the settlement?
If you used Cash App between August 23, 2018, and August 20, 2025, and experienced unauthorized access, fraudulent transactions, or unresolved errors, you may be eligible to file a claim.
2. How do I submit my claim?
You can submit your claim online or via mail. Ensure all required documents are included, and your form is submitted before the deadline.
3. How much compensation can I expect?
You can claim up to $2500 for financial losses and up to $75 for time spent addressing security breaches.
4. When will I receive my payment?
Payments are expected after the final approval hearing on February 16, 2025 and once all claims are processed.
5. What if I have multiple affected Cash App accounts?
List all affected accounts on a single claim form to ensure proper processing.
6. What should I do if my contact information changes after filing a claim?
Update your contact details with the settlement administrator to avoid payment delays.
The Cash App class action settlement provides a financial remedy for users who experienced unauthorized transactions or data breaches. If you believe you are eligible, it is crucial to file your claim before the November 18, 2025 deadline to receive your compensation. This settlement also ensures better security measures in the future, reinforcing consumer protection. For further details and claim submissions, visit the official website provided above.
For More Information Click Here