What’s the Cash App Settlement About?
Heard about the Cash App settlement that could put up to $2,500 in your pocket? It’s a big deal for millions of Cash App users in the U.S. who faced issues like hacked accounts or stolen data. The lawsuit says Cash App and its parent company, Block, didn’t do enough to protect users during two data breaches one in 2022 by a former employee and another in 2023 by hackers using old phone numbers. They’ve agreed to pay $15 million to settle without admitting fault, and eligible users can claim compensation. But this has nothing to do with a $500 monthly electricity rebate that’s a separate rumor. Let’s break down what you need to know!
Who Can Claim and How Much?
The settlement covers Cash App users affected by security issues between August 23, 2018, and August 20, 2024. Here’s who qualifies and what you can get.
- You had a Cash App or Cash App Investing account during that time.
- Your account was accessed without permission, or you had unauthorized withdrawals or transfers.
- You faced losses, like money stolen, costs for credit monitoring, or time spent fixing issues (up to 3 hours at $25/hour, so $75 max).
- You can claim up to $2,500 for out-of-pocket losses (e.g., bank fees, identity theft costs) or transaction losses, but you need proof like bank statements or police reports.
- If too many people claim, payments may be reduced, so the $2,500 max isn’t guaranteed.
The claim deadline was November 18, 2024, so you can’t file now, but if you submitted a claim, you’re in the queue.
When Will Payments Arrive?
Payments aren’t coming right away, but here’s the timeline.
- The court held a final approval hearing on January 13, 2025, to decide if the settlement is fair.
- If approved with no appeals, payments could start in mid-to-late 2025 or early 2026.
- Appeals or claim verification could push things later, possibly into mid-2026.
- You’ll get paid by direct deposit or mailed cheque to the bank account or address you provided.
- Check your email for updates from the settlement team, and call 1-866-615-9740 with your claim ID if you have questions.
The total $15 million fund covers claims, legal fees, and admin costs, so your payout depends on how many valid claims are filed.
How to Stay on Top of Your Claim
If you filed a claim before the November 18, 2024, deadline, here’s what to do next.
- Keep your contact info updated with the settlement team to avoid missing your payment.
- Save your Claimant Unique ID and Confirmation Code from your claim form for status checks.
- Watch your email or mailbox for a notice about your claim’s approval or payment details.
- If you didn’t file but think you were affected, you’re likely out of luck unless new claims open (rare).
- Protect your Cash App account with strong passwords and two-factor authentication to avoid future issues.
This settlement only covers Cash App payment services, not Cash App Investing, and it won’t affect your ability to use the app.
Wrapping It Up
The Cash App Class Action Settlement 2025 offers up to $2,500 for users hit by data breaches or fraud between 2018 and 2024, but the $500 monthly electricity rebate is a totally unrelated rumor from Canada. If you filed a claim by November 18, 2024, expect payments in late 2025 or early 2026, depending on court approval. Keep your claim details handy, update your contact info, and stay patient while the process wraps up. This settlement is a chance to get some cash back for your losses, so don’t miss out on checking your status. Stay safe with your digital payments, and you’re all set!