Cash App Class Action Payment Date: Claim $2500 Before the Last Date

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If you used the Cash App mobile payment service to transfer money in the last six years, you might be eligible for a $2500 payout for a proposed $15 million class action settlement.

Cash App Class Action Payment

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 recycle phone numbers that were linked to the accounts.

If u have 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

What is the last date for the Cash App Settlement?

A final approval hearing for the Cash App settlement is scheduled for 16, December 2024 at 9:30 am. If approved, payments would go out after that date.

How much money could I receive in the Cash App settlement?

You could claim up to $2500 per person out-of-pocket losses and $25 per hour for reimbursement of lost time up to 3 hours if you are eligible to participate in the $15 million proposed settlement. Out-of-pocket losses include costs associated with credit monitoring. You can also submit a claim for documentation of transaction losses. To claim out-of-pocket or transaction losses, you must provide third-party documentation.

What is the deadline to submit a Cash App settlement Claim?

If you are eligible for the Cash App payout, you need to submit a claim form by November 18, 2024, by 10:59:59 P.M. That means submitting your claim online or mailing it by postmarked by that date. If you have any claims relating to multiple Cash app accounts, list all of your information about your claims on a single claim form. Here is the following address if you are submitting by mail.

Cash App settlement

Attn: Claim form Submissions

1650 Arch Street, Suite 2210

Philadelphia, PA 19103

Who is eligible to claim part of the Cash App Settlement?

You are eligible to submit a claim if you meet any of the following criteria from 23, August 2018, through August 20, 2024, according to the settlement site –

  • You are a current or former customer of Cash App or Cash App Investing and your personal information, your Cash App account or Cash App investing account was accessed or obtained without your authorization.
  • You had unauthorized or fraudulent withdrawals or transfer of funds to or from your account.
  • You had a deficiency in the resolution of a error in Cash App account or any linked financial account.

Settlement Goals an Objectives

The primary objective of the settlement is to provide financial compensation to affected users while ensuring the implementation of robust security measures to prevent future breaches. This agreement aims to address the harm caused to users and restore trust, while also committing to improved data protection protocols moving forward. Additionally, the settlement resolves the issue efficiently without the need for protracted litigation, thereby saving both plaintiffs and the defendant from extensive legal costs, time delays, and the unpredictability of a court trial. The resolution aims for a fair outcome, protecting the rights of affected individuals while ensuring accountability and corporate responsibility.

Steps to file a claim-

  1. Confirm Eligibility: Carefully review the settlement terms to ensure you meet the eligibility criteria.
  2. Collect Documentation: Gather all relevant documents to support your claim, including financial records, receipts, and any official reports or correspondence that verify the losses and your attempts to resolve them.
  3. Complete the Claim Form: Fill out the Claim Form accurately, attach all required documentation, and submit it either online or by mail before the deadline.

Additional Information and Support 

For further assistance or to obtain additional information about the settlement, claimants can contact the cash app security settlement administrator through this designated phone number or address. Claimants must update their contact information if it changes after submitting a claim to ensure they receive any payments for which they are eligible.

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