If you’ve used Cash App between 2018 and 2024, you may be entitled to money from a recently approved class action settlement. This article will walk you through everything you need to know — from what happened, who’s eligible, how much you can get, and how to claim your compensation.
What Is the Cash App Settlement All About?
In recent years, Cash App users have experienced a series of security breaches and unauthorized access incidents. A class action lawsuit was filed claiming that Cash App (owned by Block Inc.) didn’t do enough to protect user data.
To resolve the claims, the company has agreed to a $15 million settlement — and eligible users may receive up to $2,500.
What Happened? (Background of the Data Breach)
Two main incidents triggered this lawsuit:
In 2021, a former employee improperly accessed personal user data.
In 2023, some users reported their accounts were compromised through unauthorized access using linked phone numbers.
These events exposed sensitive financial information and caused many users financial losses.
Who Is Eligible for the Settlement?
You can qualify for the settlement if:
You used Cash App or Cash App Investing between August 23, 2018, and August 20, 2024.
Your account was accessed without your permission.
You experienced unauthorized transactions or financial losses.
You can provide documentation like bank statements, emails, or screenshots.
Even if you didn’t lose money, you may still qualify for time spent dealing with the issue.
How Much Money Can You Receive?
Here’s a breakdown of what you could get:
Up to $2,500 for verified out-of-pocket losses.
$25 per hour (up to 3 hours or $75 total) for time spent dealing with fraud or securing your account.
Reimbursement for expenses like credit monitoring, overdraft fees, or account closure costs.
The exact amount each person gets depends on how many valid claims are filed.
How to File a Claim Online
Filing a claim is simple and takes just a few minutes:
1. Go to the official website: cashappsecuritysettlement.com
2. Click on “Submit a Claim.”
3. Enter your Notice ID and Confirmation Code (if you received a mail/email).
4. If you didn’t get a notice, file as a “New Claimant” with your Cash App details and upload supporting documents.
5. Submit before the deadline!
Key Deadlines You Should Know
Claim Filing Deadline: November 18, 2024
Opt-Out or Objection Deadline: November 1, 2024
Final Approval Hearing: January 13, 2025
Expected Payouts: Late 2025 or early 2026 (depending on court processes)
Don’t wait until the last minute — the sooner you file, the better.
Why This Settlement Matters for Digital Wallet Users
This settlement is a big deal because it sets a precedent for how digital finance apps handle data breaches and user protection. If you’ve ever used a fintech app like Venmo, PayPal, or Cash App, this case highlights the importance of cybersecurity, user accountability, and corporate responsibility.
Frequently Asked Questions (FAQs)
Q1. Is this settlement legit or a scam?
A: It’s legit. The $15 million settlement was approved by the court. Always file claims through the official site: cashappsecuritysettlement.com
Q2. What if I didn’t receive an email or notice?
A: You can still file a claim manually on the website by verifying your Cash App usage and uploading documents.
Q3. Do I need a lawyer to claim money?
A: No lawyer is needed. It’s a simple online process.
Q4. What kind of proof do I need to submit?
A: Screenshots of transactions, bank statements, police reports, or emails showing account issues or financial losses.
Q5. Will this affect my Cash App account?
A: Not at all. This is a legal settlement — it won’t block or suspend your account.
Q6. How will I get paid?
A: You can choose how to receive your payment — via PayPal, Venmo, prepaid card, or mailed check during the claim process.
If you’re eligible, don’t miss out on your chance to get compensated. Take action today — it’s your data, your money, and your right!