Hey there, Cash App users! If you’ve been using the app, you might be in for a nice surprise thanks to a recent settlement.
A class action lawsuit against Block, Inc. and Cash App Investing, LLC has led to a payout for eligible users.
This settlement is about compensating folks for a data and security breach that happened a while back.
If you’re eligible, you could claim up to $2,500 from the Cash App settlement! Want that money? You’ll need to file a claim by November 18, 2024.
Don’t worry—it’s pretty straightforward and can be done online.
The amount you might receive depends on how the breach affected you, but it could be a nice little bonus.
Now, before you jump in, know that not all Cash App users will get a piece of the pie.
This opportunity is for those who used the app between 2019 and 2022.
Wondering if you qualify? Check out the details on the settlement website.
It’s packed with information on who can claim and how to do it.
Key Takeaways
- Cash App users may snag up to $2,500 from a recent settlement.
- All claims must be submitted by November 18, 2024, through the official settlement site.
- Only users who utilized Cash App between 2019 and 2022 are likely to qualify for this payout.
Understanding the Cash App Settlement
It’s true, Cash App users may just be able to get some cash back from this settlement! The company agreed to pay $15 million following a security breach.
You could see up to $2,500 back in your pocket.
The Basics of the Settlement
Cash App was in hot water due to a class action lawsuit surrounding a data breach.
This situation led to some unauthorized withdrawals from users’ accounts, which is pretty alarming.
To make things right, Cash App settled for a whopping $15 million.
This settlement is here to reimburse users who faced losses or inconvenience from the breach, covering incidents that took place between November 2017 and April 2022.
When filing a claim, users can mention different types of losses, including stolen funds and time spent resolving fraud issues.
After all, who likes dealing with stolen money?
Eligibility to Claim
You might be in luck if you’ve used Cash App in the last six years! All the juicy details about eligibility can be found on the settlement website.
To qualify, you should:
- Have used Cash App between November 2017 and April 2022
- Experienced fraudulent transactions on your account
- Spent time fixing the mess caused by the breach
Getting started requires filling out a claim form that’ll ask for information regarding your losses and account details.
Potential Reimbursements
The potential payout varies, and the maximum is $2,500 per individual.
Here’s how this might break down:
- Out-of-pocket losses: Money taken from your account.
- Lost time: You could claim up to 3 hours at $25 per hour.
- Transaction losses: Any cash lost due to fraudulent activity.
Oh, and don’t forget, you’ll need proof for out-of-pocket and transaction losses.
If you’re claiming lost time, just a quick explanation will do.
Just a heads-up—the actual amount you receive could be less than expected.
It all depends on how many people submit claims.
More claims could mean less for everyone, but hey, it’s still worth a shot!
Submitting a Claim
If you want to file a claim due to the data breach, it’s super easy! Just follow these steps.
Step-By-Step Claim Process
First, head over to the Cash App Security Settlement website.
You’ll need your Notice ID and Confirmation Code from that email about the settlement.
Next, fill out the claim form with your info: name, address, and Cash App account details.
Simple, right?
Decide how you’d like to receive your payment—either via direct deposit or check.
If direct deposit sounds good, just pop in your bank info.
Then, select the type of claim you’re making, which could be:
- Out-of-pocket losses (up to $2,500)
- Lost time (up to 3 hours at $25/hour)
- Transaction losses
Don’t forget to upload any supporting documents for your claim.
Once everything looks good, hit submit!
What Happens After Filing
Once you submit your claim, you’ll get a confirmation email.
The settlement admin will review all claims, and if yours gets the green light, payment will come after the court gives its stamp of approval.
This could take a few months, but patience is a virtue, right?
Keep an eye on your email for any updates.
They might reach out for more info if needed.
And just a reminder—there’s a deadline for filing claims, so don’t miss out.
Check the settlement website for that key date.
Even though Block Inc., Cash App’s parent company, will foot the bill for valid claims, they’re still denying any wrongdoing.
But hey, you’ll still get your due compensation if you qualify!
Lastly, remember that filing a false claim is a no-no.
Make sure your claim reflects your true experience with the data breach.
Frequently Asked Questions
If you’re a Cash App user, you could potentially get some cash back from this settlement! But hey, don’t let the deadline slip by.
There are specific criteria on who can get paid and how much.
How do I sign up for the Cash App settlement online?
To sign up, just head to the Cash App Security Settlement website.
Fill out the claim form, providing details about your Cash App account and how the breach affected you.
Double-check your info—trust me, it’ll save you a headache later.
Once your claim is in, keep an eye on your email for updates!
What’s the last date to claim my piece of the Cash App settlement pie?
The countdown is on! Make sure you submit your claim by November 18, 2024.
After that, you’re out of luck!
Who gets to cash in on the Cash App settlement, and how do I know if I’m one of them?
Eligible Cash App users include those whose accounts may have been impacted by the data breach.
Think someone accessed your account without authorization? You could be in the clear! Keep an eye on any emails from Cash App, as those will have key information.
Are we getting any dough from the Cash App settlement, and if yes, how much?
Yep, some users could potentially receive up to $2,500! Your exact payout depends on how the breach affected you; those with direct losses might see a bigger share.
Is this whole Cash App settlement shindig legit?
You bet! Cash App and Block, Inc. agreed to pay $15 million to settle a lawsuit about data breaches.
It’s not a scam—this is a genuine class action settlement.
How can I throw my hat in the ring for the Cash App settlement?
First, hit the official settlement website.
Then, complete the claim form that suits your situation.
Don’t forget—it might require you to provide proof of losses.
And don’t delay in submitting; get that claim in before the deadline!