Millions of Cash App users may be eligible for a payout of up to $2,500 as part of a $15 million class action settlement in 2025. The settlement comes after a data breach that exposed users’ personal information between August 23, 2018, and August 20, 2024. If you were impacted by this breach, it’s important to know how to file a claim, check your payment status, and understand the timeline for receiving compensation.
What Is the Cash App Settlement About?
Cash App, a popular mobile payment service, was involved in a data breach affecting thousands of customers over a six-year period. Personal and financial information was reportedly accessed without authorization, leading to concerns about privacy and potential financial losses.
As a result, a class action lawsuit was filed against Cash App, leading to a settlement fund of $15 million to compensate affected users. Eligible claimants can receive compensation for losses incurred due to the breach, including out-of-pocket expenses, lost time, and transaction-related losses.
Who Is Eligible for the Settlement?
To qualify for a payout from the Cash App settlement, you must have been a Cash App user during the affected period (August 23, 2018, to August 20, 2024) and experienced financial harm or time lost due to the breach. The settlement administrator will verify your claim based on documentation you submit, such as bank statements, receipts, or other proof of losses.
You needed to file a claim by the deadline of November 18, 2024 to be eligible. If you missed this deadline, unfortunately, you may no longer qualify for compensation.
How Much Can You Get?
The maximum payout for eligible claimants is up to $2,500, depending on the type and amount of losses documented. Here’s a breakdown of how compensation is typically calculated:
- Out-of-pocket losses: Reimbursed up to $2,500 based on submitted proof.
- Lost time: Cash App users can claim $25 per hour for up to 3 hours, totaling a maximum of $75.
- Transaction losses: Proportional payment based on verified transaction-related losses due to the breach.
The total amount you receive depends on the strength of your claim and available funds.
Key Dates You Should Know
- Claim Filing Deadline: November 18, 2024 (already passed)
- Final Court Hearing: January 13, 2025
- Payment Distribution: Expected to begin in late 2025 or early 2026, subject to court approval and any appeals.
How to Check Your Payment Status
If you have already filed a claim, it’s natural to want to know when you will receive your payment and how to track its status. Here are the best ways to check:
- Official Settlement Website
Visit the official settlement page for updates and to log in to your claim portal:
cashappsecuritysettlement.com - Contact the Settlement Administrator
You can call the settlement administrator at +1-866-615-9740 for personalized information regarding your claim status. - Email Notifications
Keep an eye on your email inbox (including spam/junk folders) for updates and instructions from the settlement administrator. - Check Your Payment Method
Payments will be made via direct deposit, PayPal, or Zelle, depending on your preference when filing the claim. Monitor your accounts for incoming deposits.
What To Do If You Haven’t Received Your Payment
Payments may be delayed due to the large number of claims and the verification process. If you have not received your payment by early 2026, consider the following:
- Double-check that you filed your claim correctly and met all eligibility requirements.
- Contact the settlement administrator for assistance or to report issues.
- Keep your contact details up to date with the claims administrator.
Protect Yourself from Future Data Breaches
While compensation helps recover some losses, data breaches can cause long-term damage. Take these steps to protect yourself:
- Monitor your bank and payment accounts regularly for suspicious activity.
- Change your passwords frequently and use strong, unique passwords for each account.
- Enable two-factor authentication on all financial and social accounts.
- Be cautious about phishing emails or messages asking for personal information.
Where to Find More Information
For detailed information and updates about the Cash App class action settlement, visit:
- The official settlement website: cashappsecuritysettlement.com
- Legal information portals covering class action lawsuits.
Final Thoughts
If you filed a claim for the Cash App data breach settlement, stay alert for notifications and payment updates. Compensation will provide some relief for financial losses and time spent dealing with the breach. For those who missed the claim deadline, it is a reminder to act quickly when notified of potential breaches in the future.
Data security remains crucial in today’s digital world. Always be proactive in protecting your personal and financial information.
