Cash App Users Could Get Big Payouts From $15 Million Settlement – Are You Eligible?

A federal court has approved a $15 million settlement in a class action lawsuit against Cash App and its parent company, Block Inc. The lawsuit alleged that Cash App mishandled customer information, leading to unauthorized access and fraudulent transactions. Now, eligible users could be getting compensation.

Who Can Claim the Settlement?

If you’ve used Cash App or Cash App Investing, there’s a chance you qualify for this settlement. To be eligible, here’s what you need to meet:

• You were a Cash App or Cash App Investing user: This includes both current and former users.

• Unauthorized Access: Your account must have been accessed without your permission.

• Fraudulent Transactions: You must have experienced unauthorized withdrawals or transfers between August 23, 2018, and August 20, 2024.

How Much Could You Get?

If you qualify, you could be entitled to a payout. The amount you receive depends on the losses you’ve experienced:

• Up to $2,500: Users who had unauthorized transactions or incurred extra fees due to fraud could receive up to $2,500. This could cover things like credit monitoring, replacing your payment card, or covering overdraft fees.

• $75 for Lost Time: If you spent time dealing with fraud, you could be reimbursed for up to three hours of your time, at a rate of $25 per hour.

• Reimbursement for Lost Funds: If you lost money due to fraud, you may be able to get reimbursed. Just make sure to provide the necessary documentation, such as police reports or communications with Cash App.

How to Submit Your Claim

The deadline to file a claim was November 18, 2024, so if you haven’t already, it’s too late. However, if you filed on time, keep an eye out for updates. The final approval hearing for the settlement is scheduled for January 13, 2025. If everything goes as planned, payouts will be distributed within 9 to 12 months of that date, which means you could see your compensation as early as late 2025 or early 2026.

For more details, you can visit the official Cash App settlement website.

This settlement serves as a reminder to Cash App users to regularly monitor their accounts for any unauthorized transactions. If you’ve been affected, it’s important to take advantage of these compensation opportunities before it’s too late.