If you’ve used Cash App between 2018 and 2024, you might be entitled to a share of a large $15 million class action settlement. This is a big deal, and if you’ve had issues with your account—like unauthorized transactions—you could receive compensation. But time is running out to file a claim, so here’s everything you need to know about the Cash App settlement, eligibility, and how to claim your part.
What Led to the Cash App Settlement?
In 2023, Cash App and its parent company Block, Inc. were involved in multiple lawsuits over security breaches and issues with unauthorized account access. In one case, a former employee accessed user account data without permission. This breach affected millions of users, leading to a class action lawsuit against the company.
Another issue occurred when hackers managed to access Cash App accounts by exploiting recycled phone numbers. This second breach further fueled complaints from users about the lack of proper security measures and the failure of the company to address complaints related to unauthorized transactions. The lawsuits claimed that Cash App failed to take the necessary steps to protect user accounts and handle issues appropriately.
Am I Eligible for the Cash App Settlement?
If you’ve ever used Cash App or Cash App Investing between August 23, 2018, and August 20, 2024, you might be eligible to claim a share of the settlement. Here’s what you need to qualify:
- You must have used Cash App or Cash App Investing during this period.
- Your account must have been accessed without your consent (like fraudulent withdrawals or transfers).
- The unauthorized actions must have occurred between the dates mentioned above.
If you meet these conditions, you are likely qualified for a settlement payment.
How to File a Claim for the Cash App Settlement
The deadline to file your claim is fast approaching! You must file by November 18, 2024, at 10:59 p.m. PT. Missing this deadline means you won’t be able to participate in the settlement, so it’s crucial to take action soon.
- Step 1: Look for a notice in your mail or email. If you received one, you will have a unique ID and confirmation code that you can use to file your claim online.
- Step 2: If you didn’t receive a notice but believe you are eligible, don’t worry. You can still fill out an online claim form on the settlement website.
How Much Can I Get From the Settlement?
If your claim is approved, you could receive up to $2,500. This amount is meant to cover out-of-pocket losses you may have incurred due to unauthorized transactions. However, you’ll need to provide documentation that shows the losses were directly tied to the security breach, unauthorized account events, or errors related to your Cash App account.
Can I Be Compensated for Time Spent on the Issue?
Yes! If you spent time dealing with issues related to unauthorized transactions, you can be compensated for that as well. You can receive up to $75 for your time. The settlement offers a payment of $25 per hour for up to three hours, if you provide the necessary supporting documents.
To claim this, you will need to submit proof like:
- A police report showing that your account was compromised.
- A notice proving that your account had unauthorized activity.
- Any other relevant documents showing that your account was hacked or compromised.
Important Documents to Submit
When submitting your claim, you need to provide evidence that clearly connects your financial loss to the security issues at Cash App. The more documentation you can provide, the higher your chances of getting approved for compensation.
These documents may include:
- Transaction statements showing unauthorized withdrawals.
- Proof that your account details were hacked.
- A copy of any police report you filed about the incident.
Why You Shouldn’t Wait
With the deadline approaching quickly, you don’t want to miss out on the opportunity to claim your part of the settlement. Take action now to make sure you are included in the payout. If you’ve experienced any issues with unauthorized transactions or account access on Cash App, this is your chance to get some compensation for the losses or time you spent dealing with the situation.
Final Thoughts
If you’ve used Cash App and experienced problems like unauthorized withdrawals or security breaches, you may be eligible to claim part of a $15 million settlement. It’s essential to file your claim by November 18, 2024 to ensure you don’t miss out on compensation. Gather all necessary documents to prove your losses, and make sure your claim is submitted on time. This is a great opportunity to get compensated for the issues you faced with Cash App. Don’t wait—act now to claim your part!
Frequently Asked Questions (FAQ)
1. What is the Cash App settlement about?
The Cash App settlement is a class action lawsuit involving Cash App and its parent company Block, Inc. The lawsuit claims that Cash App failed to protect user accounts from unauthorized access and fraudulent transactions. Users affected by these issues may be eligible for compensation.
How much can I receive from the Cash App settlement?
If your claim is approved, you could receive up to $2,500 for out-of-pocket losses related to unauthorized transactions. You may also be compensated for time spent resolving these issues, up to $75 for three hours at $25 per hour.
Am I eligible for the Cash App settlement?
To be eligible, you must have used Cash App or Cash App Investing between August 23, 2018, and August 20, 2024. Your account must have been accessed without your consent or involved in fraudulent withdrawals during this period.