If you’ve used Cash App, you might be eligible for a slice of a $15 million class action settlement. This payout comes from a lawsuit claiming Cash App’s parent company, Block, didn’t do enough to protect users from data breaches and unauthorized transactions. Don’t worry if legal talk sounds confusing—we’ll break it down in simple terms and guide you on how to claim your share of up to $147 without hassle. Let’s dive into what this settlement is, who qualifies, and how to get your money today!
What Is the Cash App Class Action Settlement?
In 2023, a class action lawsuit was filed against Block, the company behind Cash App, alleging that security lapses led to data breaches and unauthorized transactions. Block agreed to settle for $15 million without admitting fault, and now eligible users can claim their share. The payout could be up to $147 per person, depending on how many claims are filed and the type of losses you experienced.
This settlement covers two major incidents:
- 2021 Data Breach: Unauthorized access to user data.
- 2023 Security Issue: Another breach affecting Cash App users.
If you were affected, you could claim compensation for losses, time spent resolving issues, or emotional distress caused by these incidents.
Who Can Claim the $147 Payment?
Not every Cash App user qualifies, but the eligibility criteria are straightforward. Here’s who can file a claim:
Eligibility Requirements
- Cash App Users: You must have used Cash App or Cash App Investing between August 23, 2018, and April 13, 2024.
- U.S. Residents: Only residents of the United States at the time of the incidents are eligible.
- Affected by Breaches: You qualify if you experienced unauthorized transactions, data exposure, or spent time resolving issues due to the 2021 or 2023 security incidents.
- No Opt-Out: If you didn’t exclude yourself from the settlement by the opt-out deadline (August 22, 2024), you can file a claim.
If you received a notice via email or postcard with a Claim ID, you’re likely eligible, but you can still file without one.
How to Claim Your $147 Cash App Settlement
Claiming your payment is simple, and you don’t need to jump through hoops. Follow these steps to secure your share:
Step-by-Step Guide to Filing a Claim
- Visit the Official Settlement Website: Go to the official Cash App settlement website to start your claim.
- Submit Your Claim Online or by Mail:
- Online: Fill out the form with your details, including your Claim ID (if you have one) and proof of losses (if applicable).
- Mail: Download the claim form from the website, complete it, and mail it to the address provided.
- Provide Necessary Details: Include your name, contact info, and evidence of losses (like bank statements or receipts) if claiming more than the standard payment.
- Meet the Deadline: All claims must be submitted by November 13, 2024. Don’t wait until the last minute!
- Wait for Approval: Once submitted, your claim will be reviewed, and payments will be distributed after the settlement is finalized.
Types of Compensation
You can claim different types of payments based on your situation. Here’s a breakdown:
| Type of Claim | Maximum Payout | Details |
|---|---|---|
| Standard Payment | Up to $147 | For users affected by the breaches, no proof of loss required. |
| Out-of-Pocket Losses | Up to $2,500 | For documented expenses like bank fees or costs to fix identity theft issues. |
| Time Spent | $25/hour (up to 3 hours) | For time spent resolving issues caused by the breaches. |
| Transaction Losses | Up to $2,500 | For unauthorized transactions you weren’t reimbursed for. |
Why You Should Claim Now
The deadline is fast approaching, and missing it means you’ll get nothing. Here’s why you should act quickly:
- Easy Process: Filing takes just a few minutes online.
- No Risk: You don’t need to pay anything to claim your share.
- Potential for Higher Payouts: Fewer claims mean larger payouts for those who file.
- Hold Companies Accountable: Claiming your share sends a message about the importance of user security.
Tips for a Successful Claim
To maximize your chances of getting the full $147 or more, follow these tips:
Do’s and Don’ts for Filing
- Do:
- Double-check your eligibility on the settlement website.
- Gather any receipts, bank statements, or other proof of losses.
- Submit your claim well before the November 13, 2024 deadline.
- Don’t:
- Wait until the last day—technical issues could delay your submission.
- Provide false information, as it could disqualify your claim.
- Assume you need a Claim ID; you can file without one.
What If You Don’t Have Proof?
If you don’t have documentation, you can still claim the standard payment of up to $147. Simply describe your experience in the claim form, such as time spent dealing with unauthorized transactions or stress from the data breach.
What Happens After You File?
Once you submit your claim, here’s what to expect:
- Review Process: The settlement administrator will verify your eligibility and documentation.
- Final Approval: The court must approve the settlement, which is expected in early 2025.
- Payment Distribution: Payments will be sent via check, direct deposit, or Cash App transfer, depending on your preference.
The amount you receive depends on how many people file claims. If fewer people claim, your payout could be higher than $147!
Frequently Asked Questions
Do I Need a Lawyer to File a Claim?
No, you don’t need a lawyer. The process is designed for individuals to file claims directly.
How Long Will It Take to Get Paid?
Payments are expected to go out in mid-2025, after the court approves the settlement.
What If I Missed the Opt-Out Deadline?
If you didn’t opt out by August 22, 2024, you’re automatically part of the settlement and can file a claim.
Can I Claim for Multiple Losses?
Yes, you can claim for out-of-pocket losses, time spent, and transaction losses, but you’ll need to provide proof for amounts over the standard $147.
Why This Settlement Matters
This Cash App settlement highlights the importance of holding companies accountable for protecting user data. Data breaches can lead to identity theft, financial losses, and stress, and this payout is a step toward compensating affected users. By claiming your share, you’re not only getting money you’re entitled to but also encouraging better security practices in the future.
Act Before It’s Too Late!
The clock is ticking to claim your $147 or more from the Cash App class action settlement. Don’t miss the November 13, 2024 deadline! Head to the official settlement website, fill out the form, and secure your payment. It’s quick, easy, and could put extra cash in your pocket. If you’re unsure about your eligibility or need help, check the website’s FAQ or contact the settlement administrator for assistance.