Cash App Settlement 2025: Eligibility, Payouts, and Key Details You Can’t Miss
February 4, 2025 | Sophie Wilson | Finance
The Cash App Settlement 2025 is making headlines after Cash App and its parent company, Block Inc., agreed to a $15 million class action settlement. This settlement addresses claims that Cash App failed to protect user data, leading to significant data breaches. If you’re a Cash App user, you could be eligible for compensation. Here’s everything you need to know about the Cash App Settlement 2025, including eligibility, payouts, deadlines, and how to file a claim.
What is the Cash App Settlement 2025?
The Cash App Settlement 2025 stems from a class action lawsuit alleging that Cash App didn’t adequately secure customer data. Two major data breaches—one in 2021 involving a former employee accessing sensitive user information and another in 2023 allowing unauthorized account access—led to this settlement.
Affected users may receive financial compensation for losses or time spent resolving issues caused by these breaches.
Who is Eligible for the Cash App Settlement 2025?
You may qualify for the Cash App Settlement 2025 if:
- Account Holder: You had an active Cash App account between August 23, 2018, and August 20, 2024.
- Data Breach Impact: You experienced unauthorized account access or fraudulent transactions due to the breaches.
If you meet these criteria, you’re eligible to file a claim for reimbursement.
Cash App Settlement Payout Per Person
Under the settlement, eligible users can receive:
- Out-of-Pocket Reimbursement: Up to $2,500 for fraud-related losses, credit monitoring, or identity theft prevention. You’ll need supporting documentation like bank statements or receipts.
- Compensation for Time: Up to **3 hours at 25perhour∗∗(totalof75) for time spent addressing breach-related issues.
The exact payout per person depends on the number of valid claims filed. If claims exceed the $15 million fund, payouts may be reduced.
How to File Your Cash App Settlement Claim
Filing a claim is straightforward:
- Visit the Settlement Website: Go to the official Cash App Settlement Claim Portal.
- Complete the Form: Provide details about your Cash App account and how the breaches impacted you.
- Submit Documentation: Include proof of losses, such as receipts, bank statements, or evidence of unauthorized access.
Don’t miss the deadline to file your claim!
Important Cash App Settlement Deadlines
Mark these dates to ensure you don’t miss out:
- Claim Submission Deadline: November 18, 2024
- Final Approval Hearing: January 13, 2025
Cash App Settlement Details: What You Need to Know
The Cash App Settlement 2025 isn’t just about payouts—it’s also about accountability. As part of the settlement, Cash App has committed to improving its cybersecurity measures to prevent future breaches.
This settlement serves as a reminder to protect your personal information and hold companies accountable for data security lapses.
Next Steps for the Cash App Settlement 2025
If you’re eligible, take these steps:
- Gather Documentation: Collect proof of unauthorized access or related expenses.
- Submit Your Claim: File your claim on the settlement website before the deadline.
- Stay Updated: Keep an eye on updates about the settlement to ensure you don’t miss any critical information.
FAQs About the Cash App Settlement 2025
1. Who is eligible for the Cash App Settlement 2025?
You’re eligible if you had an active Cash App account between August 23, 2018, and August 20, 2024, and experienced unauthorized access or fraudulent transactions due to the breaches.
2. How much can I get from the Cash App Settlement?
Eligible users can receive up to 2,500∗∗forout−of−pocketexpensesand∗∗75 for time spent addressing breach-related issues.
3. How do I file a claim for the Cash App Settlement?
Visit the official Cash App Settlement Claim Portal, complete the form, and submit supporting documentation.
4. What is the deadline to file a claim?
The deadline to file a claim is November 18, 2024.
5. Will Cash App improve its data security after this settlement?
Yes, Cash App has committed to enhancing its cybersecurity measures as part of the settlement.
Take Action Now!
Don’t miss your chance to claim your share of the Cash App Settlement 2025. Gather your documents, file your claim, and stay informed about updates. This is your opportunity to recover losses and ensure companies prioritize data security in the future.
Act now—your payout could be just a few clicks away!
