Cash App Settlement: If you used Cash App during the years when its systems faced data breaches, you may be entitled to part of the Cash App settlement worth $15 million. This case stems from a class action lawsuit where users claimed their accounts were compromised by fraudulent transactions and unauthorized access. While the settlement is not finalized yet, millions of users are anxiously waiting to learn how much compensation they could receive.
The Cash App settlement is designed to repay those who lost money, time, or data security between 2018 and 2024. Claimants who filed by the November 2024 deadline may receive up to $2,500 for documented losses and smaller payments for lost time. Payments are expected to begin after final court approval in 2025, although the exact timeline depends on appeals and claim verification.
Cash App Settlement: Key Details You Need to Know
The class action lawsuit leading to the Cash App settlement covers fraudulent activity, identity theft, and data breaches that affected users between August 2018 and August 2024. Cash App has agreed to a $15 million payout to resolve the case. If you submitted a claim form on time and provided proof of your losses, you may qualify for reimbursement.
Payouts will vary depending on the type of claim filed. Some users may receive compensation for direct financial losses, while others will get smaller payments for the time they spent dealing with account security issues. Understanding how these categories are handled will help you know what to expect from the settlement process.
Cash App Settlement Overview Table
| Detail | Information |
| Total Settlement Amount | $15 million |
| Covered Period | August 23, 2018 to August 20, 2024 |
| Final Approval Hearing | January 13, 2025 |
| Claim Filing Deadline | November 18, 2024 |
| Maximum Individual Payout | Up to $2,500 for documented out-of-pocket losses |
| Lost Time Compensation | $25 per hour, up to three hours (maximum $75) |
| Who Is Eligible | U.S. Cash App and Cash App Investing users impacted during covered period |
| Claim Verification Required | Yes, documentation needed for maximum payouts |
| Status Check Method | Call +1-866-615-9740 or visit official settlement website |
| Estimated Payment Timeline | Late 2025, after appeals and claim verifications are complete |
Cash App Settlement Payment Schedule and Other Details
The settlement will only move forward once the court grants final approval, scheduled for January 13, 2025. After that, appeals may still delay payments. If everything goes smoothly, claimants could begin receiving funds by late 2025.
Those who filed valid claims can expect different payout amounts based on their situation. People who submitted proof of out-of-pocket expenses, like fraudulent withdrawals or identity protection costs, may get up to $2,500. For others, compensation will come in smaller amounts for time spent resolving issues with Cash App.
Reimbursement for Out-of-Pocket Losses
If you lost money directly because of Cash App breaches or fraudulent activity, you may be eligible for the highest settlement payouts. Claimants who provided receipts, police reports, or account statements as proof could receive up to $2,500. These reimbursements cover losses like stolen funds, costs of identity monitoring services, and expenses tied to account recovery.
The settlement administrator will review submitted documents to decide the final payout for each eligible user. Without proper documentation, claimants will receive smaller amounts.
Lost Time Compensation
Not every loss from this case was financial. Many users spent hours contacting support, changing passwords, or monitoring accounts. To account for this, the Cash App settlement allows claimants to receive $25 per hour for up to three hours. That means even without receipts, affected users could receive up to $75 just for time spent dealing with the problem.
This option ensures that users who did not lose direct funds but still faced inconvenience can receive some compensation.
Who Is Eligible?
Eligibility for the settlement depends on a few simple requirements:
- You used Cash App or Cash App Investing between August 23, 2018, and August 20, 2024.
- You were affected by unauthorized account access, fraudulent transactions, or data breaches.
- You filed a claim by November 18, 2024.
- For reimbursement of financial losses, you provided documents to support your claim.
If you meet these requirements, you are part of the settlement class and may be owed money once the payout process is completed.
Cash App Settlement Payout: How to Check Status
If you filed a claim, you can track your payout status directly with the Class Administrator.
- By Phone: Call +1-866-615-9740 for assistance.
- Online: Visit the official settlement website and log in with your claim details.
- Mail: Use the contact address listed in your claim notice.
When checking your status, be sure to have your Claimant Unique ID and Confirmation Code handy. This information allows the administrator to quickly locate your case and give accurate updates.
What If You Missed the Deadline?
Anyone who did not submit a claim form by the November 18, 2024 deadline is not eligible for a payout. The settlement process is court-controlled, meaning late claims cannot be accepted. If you missed this deadline, the best option is to stay alert for news of any future cases or settlements involving Cash App.
Tips to Stay Updated
To make sure you do not miss important updates:
- Keep an eye on your email inbox for settlement notifications.
- Visit the official settlement website regularly.
- Confirm your bank or mailing information is current in case you receive a payment.
- Call the settlement helpline if you need direct assistance.
FAQs
You could get up to $2,500 if you submitted proof of financial losses. If you only claimed lost time, you may receive up to $75.
Payments are expected by late 2025, but appeals or verification delays could push the timeline further.
Call +1-866-615-9740 or visit the official settlement website. Have your Claimant ID and Confirmation Code ready.
Claimants needed to provide documents like bank statements, receipts, or police reports to claim up to $2,500.
No, the filing deadline passed on November 18, 2024. Only those who submitted on time are eligible.
