Cash App users might get some money back due to a recent settlement.
A class action lawsuit against Block, Inc. and Cash App Investing, LLC has resulted in a payout for many users.
The settlement aims to make up for a data and security breach that happened a while back.
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Users can claim up to $2,500 if they’re eligible for the Cash App settlement. To get this money, people need to file a claim by November 18, 2024.
It’s a simple process that can be done online.
The amount each person gets depends on how the breach affected them.
Not everyone who uses Cash App can get this money.
Only those who used the app between 2019 and 2022 might qualify.
It’s worth checking if you’re one of them.
The settlement website has all the details about who can claim and how to do it.
Key Takeaways
- Cash App users may be eligible for up to $2,500 from a recent settlement
- Claims must be filed by November 18, 2024 through the official settlement website
- Only users who used Cash App between 2019 and 2022 might qualify for the payout
Understanding the Cash App Settlement
Cash App users may be eligible for money from a recent settlement.
The company agreed to pay $15 million after a security breach.
Users could get up to $2,500 back.
The Basics of the Settlement
Cash App faced a class-action lawsuit over a data breach.
The breach led to fraudulent withdrawals from some accounts.
To fix this, Cash App agreed to a $15 million settlement.
The settlement aims to repay users who lost money or time due to the breach.
It covers issues that happened between November 2017 and April 2022.
Users can file claims for different types of losses.
These include money taken from their accounts and time spent dealing with fraud.
Eligibility to Claim
You might be able to get money if you used Cash App in the last six years.
The settlement website has all the details.
To be eligible, you need to have:
- Used Cash App between November 2017 and April 2022
- Had fraudulent transactions on your account
- Spent time fixing issues caused by the breach
You’ll need to fill out a claim form.
The form asks for info about your losses and account.
Potential Reimbursements
Users can claim different amounts based on their losses.
The max payout is $2,500 per person.
Here’s what you can claim:
- Out-of-pocket losses: Money stolen from your account
- Lost time: Up to 3 hours at $25 per hour
- Transaction losses: Money lost due to fraud
You’ll need proof for out-of-pocket and transaction losses.
For lost time, you just need to explain what happened.
The actual amount you get might be less.
It depends on how many people file claims.
The more claims, the less each person might get.
Submitting a Claim
Cash App users can file a claim for compensation due to a data breach.
The process is straightforward but requires some key information.
Step-By-Step Claim Process
To submit a claim, visit the Cash App Security Settlement website.
Users need their Notice ID and Confirmation Code from the email they got about the settlement.
Fill out the claim form with your personal info.
This includes your name, address, and Cash App account details.
Choose how you want to get paid – direct deposit or check.
If picking direct deposit, add your bank info.
Next, pick what kind of claim you’re making.
Options are:
- Out-of-pocket losses (up to $2,500)
- Lost time (up to 3 hours at $25/hour)
- Transaction losses
Upload any documents that back up your claim.
Hit submit when done.
What Happens After Filing
After filing, users get a confirmation email.
The settlement admin reviews all claims.
If approved, payment comes after the court gives final okay.
This might take a few months.
Keep an eye on your email.
The admin might ask for more info if needed.
There’s a deadline to file claims.
Users should check the settlement website for the exact date.
Block Inc., Cash App’s parent company, will pay out valid claims.
They’re doing this even though they deny wrongdoing.
Remember, filing a false claim is illegal.
Only submit if you’re truly affected by the data breach.
Frequently Asked Questions
Cash App users can claim money from a settlement.
The deadline is coming up soon.
There are rules about who can get paid and how much.
How do I sign up for the Cash App settlement online?
To sign up, go to the Cash App Security Settlement website.
Fill out the claim form with your info.
You’ll need to give details about your Cash App account and how you were affected.
What’s the last date to claim my piece of the Cash App settlement pie?
The clock is ticking! November 18, 2024 is the deadline to submit a claim.
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?
Cash App users whose accounts were part of a data breach can claim money.
If someone messed with your account without permission, you might be eligible.
Check your emails from Cash App for notices about the breach.
Are we getting any dough from the Cash App settlement, and if yes, how much?
Some users could get up to $2,500.
The exact amount depends on how the breach affected you.
Folks who lost money might get more than those who just had their info exposed.
Is this whole Cash App settlement shindig legit?
Yes, it’s the real deal.
Cash App and its parent company Block, Inc. agreed to pay $15 million to settle a lawsuit about data breaches.
It’s not a scam, but a legit class action settlement.
How can I throw my hat in the ring for the Cash App settlement?
First, visit the official settlement website.
Then, fill out the claim form and choose the type of claim that fits your situation.
You might need to show proof of losses.
Finally, submit before the deadline to have a shot at getting paid.