You may be entitled to receive a portion of a $15 million settlement related to Cash App. Block, Inc., the app’s parent firm, agreed to the compensation following a class action complaint alleging unauthorised transactions on the site. This lawsuit is part of a growing trend of legal action against fintech companies for concerns connected to user rights and account administration — and many are now bearing the consequences of failing to fulfil consumer expectations.
Affected Cash App customers are eligible for a part of a $15 million settlement
The lawsuits against Cash App are primarily about fraudulent charges and unlawful account freezes, but millions of consumers were also harmed by a number of data breaches. Despite customers’ major concerns about security and privacy, Cash App has evolved over the last decade to become one of the most popular peer-to-peer payment networks in the United States.
Claimants in the $15 million settlement include people who were affected by illegal conduct or had their accounts suspended for no apparent reason or resolution. The purpose is to reimburse consumers for any reputational damage, emotional distress, or monetary losses caused by Cash App transaction errors or account security issues.
How much will claimants receive in the Cash App settlement?
Claimants will receive a maximum of $2,500 when the settlement payments are distributed. The application deadline was November 18, 2024, and everyone who wished to claim had to fill up and submit a claim form by that date. The final litigation hearing occurred on January 13, 2025.
Account statements and other supporting data were required to prove that claims were affected by account freezes or unlawful activity.
Payments are going out at the end of 2025
Settlement payments are likely to be made around the end of 2025, after all claims have been examined and finalised. In the interim, claimants can track their Cash App class action lawsuit payment online at cashappsecuritysettlement.com.
How To Qualify For The Cash App Class Action Settlement
All claimants must be permanent residents of the United States. Claimants must also meet one of the following conditions to be eligible for a reimbursement under the Cash App/Block Inc. settlement:
- Unauthorised access: This refers to users whose data from their Cash App account, Cash App Investing account, and sensitive personal information were accessed and disclosed without their permission.
- Fraudulent transactions: These are unauthorised withdrawals and transfers from users’ Cash App accounts that have been documented by customers.
- User status: This section of the settlement applies to anyone who has utilised any of Cash App’s services, including any of its sister companies’ investing services.
- Resolution difficulties: This applies to Cash App consumers and financial account users who have trouble addressing account issues between August 23, 2018, and August 20, 2024.
Payment Timeline and Status
The court approved the final settlement on January 13, 2025. The official Cash App settlement payout date has not been published, however qualifying claimants can expect to be paid by direct deposit or check in the mail by the end of 2025. Meanwhile, claimants can do the following:
Check your settlement method: The method you use to obtain your settlement cash should be carefully considered. A direct deposit will be faster than receiving a cheque in the mail.
Be patient. Before contacting the settlement administrator, please allow four to five working days for processing.
To learn more about this settlement, visit the Cash App Security Settlement page. You can also learn about other class action settlements you may be eligible for, such as the Visa and Mastercard case.
