The $2,500 Cash App settlement offers compensation to users affected by unauthorized transactions and security breaches between 2018 and 2024. If you used Cash App during this period and experienced fraud, you may be eligible for up to $2,500.
With a claim deadline of November 18, 2024, time is running out to secure your share of the $15 million settlement. This guide explains everything you need to know, including eligibility, how to file a claim, and when payouts are expected.
Settlement
Here is a quick overview of the $2,500 Cash App settlement:
Topic | Details |
---|---|
Total Settlement Fund | $15 million |
Individual Payouts | Up to $2,500 per person |
Eligibility Period | August 23, 2018 – August 20, 2024 |
Claim Deadline | November 18, 2024 |
Final Approval Hearing | December 16, 2024 (subject to change) |
Official Website | cashappsecuritysettlement.com |
Breach
The lawsuit claims that Cash App (owned by Square, Inc.) failed to protect user data, leading to:
- Unauthorized access to Cash App accounts
- Fraudulent transactions without user consent
- Personal data breaches exposing sensitive information
In response, Cash App agreed to a $15 million settlement to compensate affected users. The amount each person receives depends on the level of harm they suffered.
Eligibility
You may be eligible for a payout if:
- Your Cash App account was accessed without your permission
- You experienced unauthorized transactions between August 23, 2018, and August 20, 2024
- You spent time or money resolving fraud-related issues
- You suffered emotional distress due to a data breach
Even if you did not lose money, you may qualify if you spent time disputing charges, restoring security, or facing stress due to the breach.
Claim
Filing a claim is free and takes only a few minutes. Follow these steps to ensure you receive your payout.
Gather Required Information
Before filing, prepare the following:
- Full name, email, and phone number associated with Cash App
- Proof of unauthorized transactions or fraud (bank statements, emails, or screenshots)
- Estimated time or expenses spent fixing security issues
- Details of any emotional or psychological distress caused by the breach
Visit the Settlement Website
Go to cashappsecuritysettlement.com and click “File a Claim.”
Fill Out the Claim Form
Provide the following details:
- Personal information (name, contact details)
- A brief description of the fraud incident
- Supporting documents (if available)
- The impact on your finances or well-being
Submit Your Claim Before the Deadline
Ensure you file your claim before November 18, 2024. Late submissions will not be accepted.
Compensation
The payout amount depends on how much damage you experienced:
Category | Estimated Payout |
---|---|
Minor inconvenience (time spent resolving issues) | $10 – $50 |
Financial loss (fraudulent transactions) | $500 – $2,500 (based on proof) |
Emotional distress or major impact | Higher payouts possible |
Payment
The final approval hearing is scheduled for December 16, 2024. If the settlement is approved without delays, payments will be distributed in early to mid-2025.
How Will You Get Paid?
Claimants will receive payments via:
- Direct deposit to their linked Cash App account or bank account
- Paper checks for those who opted for mail payments
- Digital payment vouchers for those preferring alternative methods
Protection
To prevent future financial fraud, consider the following steps:
- Enable two-factor authentication (2FA) for all payment apps
- Use strong, unique passwords and change them regularly
- Monitor your accounts for unusual activity
- Be cautious of phishing scams targeting Cash App users
FAQs
Who qualifies for the Cash App settlement?
Anyone who had unauthorized transactions or security breaches from 2018 to 2024.
How much money can I get?
You may receive up to $2,500, depending on your documented losses.
When is the deadline to file a claim?
The claim deadline is November 18, 2024.
When will payments be made?
If approved, payouts are expected in early to mid-2025.
How can I file my claim?
Visit cashappsecuritysettlement.com and fill out the claim form.