The Cash App Settlement is often one of the most prevalent topics in the general populace. All those customers who have encountered the problem with the Cash app are entitled to a settlement payout.
Block Inc., the parent company of Cash App, received a class action lawsuit. The case led to a settlement of $15 million to provide redressal to the harmed customers.
The Cash App was accused in 2022 of misusing employee data without his permission. Such mishappening in employees’ and customers’ accounts did not stop there but continued. This resulted in the filing of a class action against them. The customers filing the lawsuit against them said there is a lack of security measures and misuse of their information.
At first, the company denied all these statements but later agreed to pay $15 million. This settlement can also be spent on paying lawyer’s charges or bills. These settlements will also be compensated to all the customers affected at fixed dates set by the court.
Cash App Class Action Settlement 2024 Overview
| Parent Company | Block Inc. |
| Program Name | |
| Country | USA |
| Settlement Amount | $15 million |
| Payment Date | After January 13, 2025 |
| Payment Methods | Prepaid card, Zelle, Binomo, checks |
| Category | Government Aid |
| Official Website | https://cashappsecuritysettlement.com/ |
Cash App Settlement Schedule
People who have encountered problems with the Cash App and wish to get a settlement amount can see the process. They are curious about when they will receive their cash app settlement payout in their bank accounts.
It is important to note that the officials have not released the payment dates. After the court’s final hearing is held on 13 January 2025, citizens can get the payment. If a person does not get his amount, he can wait 4-5 business days before contacting the officials.
Cash App Settlement Payment Distribution
The Cash App Settlement Payment will be distributed per person through payment methods that the person can select according to his choice. This payment method will occur while filling out the application form.
- The payout options are virtual prepaid card, Zelle, Binomo, and physical checks, and customers can receive the payment.
- Direct payout methods are faster and smoother than physical checks. So, selecting a direct payment method while submitting a settlement claim form is advised.
How to Get Cash App Settlement Payout
Individuals who satisfy the below-listed eligibility requirements will be able to get the benefits of the compensation amount.
- A person needs to be a past or current user of Cash App or use any of its affiliates, subsidiaries, or parents.
- The customer’s account details: The account details accessed or gained without authorization are eligible.
- Customers who have faced unauthorized or fraudulent withdrawals of money from their accounts are eligible.
- Those who have faced the issue of a data breach in their Cash App account between 23 August 2018 and 20 August 2024 are eligible.
- They need valid documents to verify fraud to receive the payment.
How to File a Claim for Cash App Settlement Payout
To claim the Cash App Settlement Payment, customers must follow these steps and procedures to receive compensation.
- Visit the department’s official website.
- Fill out the claim form available on the notification section of the Home Page.
- Upload all the supporting documents such as transaction slip, details or funds, and identity proof.
- Preview your claim form and submit it to the authorities.
- You will receive a notification email with the successful submission of the claim form to your registered email address.