Cash App Settlement: Claim Up to $2,500
Find out if you qualify for the Cash App settlement and how to claim your potential payout of up to $2,500.
By Nora Belle || Senior Author of ADM
5 min read || August 11, 2024
Cash App Settlement
Cash App users who have experienced unauthorized account access or fraudulent transactions may be eligible for a share of a $15 million settlement. The class-action lawsuit alleges that Cash App and its parent company, Block, failed to adequately protect user data.
Who Qualifies for the Cash App Settlement?
To be eligible for the settlement, you must have been a Cash App or Cash App Investing customer between August 23, 2018, and August 20, 2024. Additionally, you must have experienced one or more of the following:
- Unauthorized access to your personal information or Cash App account
- Unauthorized withdrawals or transfers of funds from your account
- Errors in your Cash App account that were not resolved correctly
It’s important to note that simply being a Cash App user during the specified period does not automatically qualify you for a payout. You must have experienced a specific type of harm to be eligible.
How Much Can You Claim in the Cash App Settlement?
If you meet the eligibility criteria, you could potentially claim up to $2,500. This amount covers both out-of-pocket losses and reimbursement for time spent dealing with the issues caused by the unauthorized account access or fraudulent transactions.
To claim out-of-pocket losses, you will need to provide supporting documentation, such as bank statements or receipts. This documentation will help verify the amount of your financial loss.
How to File a Claim for the Cash App Settlement
To file a claim for the Cash App settlement, you must submit your claim by November 18, 2024. There are two ways to submit your claim:
Online:
- Visit the official settlement website and follow the instructions to submit your claim electronically.
Mail:
- Download the claim form from the settlement website.
- Complete the form and mail it to the following address:
Cash App Settlement
Attn: Claim Form Submissions
1650 Arch Street, Suite 2210
Philadelphia, PA 19103
It’s crucial to submit your claim before the November 18, 2024, deadline to be considered for a payout.
When Will Settlement Payments Be Issued?
A final approval hearing for the Cash App settlement is scheduled for December 16, 2024. If the settlement is approved by the court, payments to eligible claimants will be distributed after that date.
The exact timeline for distributing the settlement funds will depend on the number of valid claims and the administrative process involved.
Important Considerations
While the potential for a $2,500 payout is enticing, it’s essential to carefully review the settlement terms and conditions. It’s also advisable to consult with a legal professional if you have questions or concerns about your eligibility or the claims process.
Additionally, it’s crucial to protect your personal information and financial data by following best practices for online security. This includes using strong, unique passwords, enabling two-factor authentication, and being cautious of phishing attempts.
Conclusion
The Cash App settlement offers a potential financial recovery for users who have experienced unauthorized account access or fraudulent transactions. By understanding the eligibility criteria, claim filing process, and settlement timeline, you can maximize your chances of receiving a payout. However, it’s essential to approach the settlement with realistic expectations and prioritize protecting your personal information.
