If you have used Cash App in the past six years, you may be eligible for a payout from a $15 million class action settlement. The lawsuit alleges that Cash App and its parent company, Block, Inc., failed to protect user data, resulting in unauthorized access to accounts and financial losses.
This guide covers everything you need to know about the settlement, including eligibility, payout amounts, key dates, and how to file a claim.
Overview of the Cash App Settlement
A class action lawsuit was filed against Cash App for alleged negligence in handling user data and security. The case highlights two major security breaches:
- In 2022, a former Cash App Investing employee accessed user data without authorization.
- In 2023, some accounts were compromised due to recycled phone numbers linked to previous accounts.
As a result, many users experienced unauthorized transactions and security breaches. This settlement aims to compensate those affected and improve security measures moving forward.
Who Is Eligible for the Cash App Settlement?
You may be eligible to file a claim if you meet any of the following criteria:
- Unauthorized Account Access – If your Cash App or Cash App Investing account data was accessed without your authorization between August 23, 2018, and August 20, 2025.
- Fraudulent Transactions – If money was transferred from or to your account without permission.
- Account Errors – If Cash App failed to resolve an error in your account or in a linked financial account, leading to a security or financial issue.
How Much Can You Receive?
The settlement provides different compensation levels based on the type of loss you experienced:
| Claim Type | Potential Payout |
|---|---|
| Out-of-pocket losses | Up to $2,500 for unauthorized transactions |
| Lost time | $25 per hour, up to 3 hours ($75 total) |
To receive reimbursement for out-of-pocket losses, you must provide supporting documentation (such as financial records, bank statements, or official reports).
Important Deadlines
| Event | Date |
|---|---|
| Claim Submission Deadline | April 18, 2025 (by 10:59:59 PM) |
| Final Approval Hearing | April 16, 2025 (at 9:30 AM) |
If the settlement is approved, payments will be processed shortly after the final hearing.
How to File a Claim
To claim your settlement, follow these steps:
- Confirm Eligibility – Review the criteria to ensure you qualify.
- Gather Documentation – Collect financial records, receipts, or reports showing unauthorized transactions or security issues.
- Complete the Claim Form – Visit the official Cash App Settlement website and fill out the required details.
- Submit Your Claim – Send your claim online or by mail before the April 18, 2025, deadline.
For mailed claims, ensure they are postmarked by April 18, 2025 and sent to the settlement administrator’s address.
Settlement Goals
This settlement aims to:
- Compensate users for financial losses and security breaches.
- Enhance security measures to prevent similar incidents in the future.
- Avoid a lengthy trial while holding Cash App accountable for past lapses.
FAQs:
1. What is the Cash App settlement about?
The lawsuit claims that Cash App failed to protect user accounts, leading to unauthorized access and fraudulent transactions. The settlement compensates affected users and promotes improved security measures.
2. How much can I claim?
You may receive:
Up to $2,500 for unauthorized transactions (if documented).
Up to $75 for lost time spent resolving issues ($25 per hour, max 3 hours).
3. What documentation do I need?
If claiming out-of-pocket losses, provide bank statements, transaction records, or financial documents proving your losses.