If you’re a current or former user of Cash App, you may be entitled to a portion of the Cash App $15 million class action settlement stemming from a major data breach. The breach, which occurred between August 23, 2018, and August 20, 2024, exposed sensitive user information, prompting legal action and eventual compensation for affected individuals. The Cash App Settlement has officially received final court approval in 2025, and many users are now asking the big question: When will the payments arrive?
Cash App Settlement Payment Date 2025
With identity theft and financial data breaches on the rise, class action lawsuits like the Cash App settlement offer some form of relief to affected users. In this article, we’ll break down all the details about the Cash App Settlement Payment Date 2025, eligibility criteria, how to get your payment, and what to do if your contact details have changed since filing your claim.
Cash App Class Action Settlement – Overview
| Article Name | Cash App Settlement Payment Date 2025 |
| Total Fund | $15 Million |
| Max Payout Per Person | $2,500 |
| Hourly Compensation | $25/hour (up to 3 hours) |
| Country | USA |
| Website | cashappsecuritysettlement.com |
The Story Behind The Cash App Class Action Lawsuit
As a US citizen you might have heard about the famous online transaction app Cash App. It is one of the most used and famous digital payment solutions in America. However recently it has become a part of a Data Breach Lawsuit. In 2022, the servers of the Cash App were part of a massive data breach in which sensitive data of millions of users such as their full names, brokerage portfolio values, stock trading activity, and account numbers were compromised. The aggrieved consumers filed a lawsuit against the company claiming that the company failed to implement necessary cybersecurity measures in order to protect the consumer data.
In order to resolve this massive lawsuit the Cash App announced a massive $15 Million settlement to resolve all the claims and avoid a lengthy litigation. However, the company hasn’t accepted any wrongdoings. Now this particular settlement aims to cover the out of pocket losses, lost time and the fraudulent transactions that an individual has suffered owing to the data breach. This particular settlement has already been approved by the January 13, 2025 by the court.
Eligibility for the Cash App $15 Million Settlement
Now while announcing the settlement the company has set some clear guidelines in order to identify the eligible beneficiaries for the payout. So the eligibility criteria for the $15 Million Cash App Settlement is:
- In order to receive the Cash App Data Breach Settlement Payout you must be a user of the Cash App or Cash App Investing.
- Next, your data must have been compromised in the data breaches between 2018 and 2024.
- You also must have experienced errors, fraudulent transactions and identity theft owing to the data breach.
- You also must have filed a valid claim before the deadline which was November 18, 2024.
- Lastly, if you want to receive the Cash App $15 Million Settlement then you must not opt out of the settlement agreement.
So, if you are fulfilling all of these conditions then you’ll be receiving the full financial compensation through the payment method that you have selected during the claim form submission.
Individual Payout For The Cash App $14 Million Settlement
The Cash App has broken the settlement into three different parts. Based on the individual condition the app has decided to distribute the whole $15 Million compensation.
1. Out-of-Pocket Losses
If you have experienced financial losses owing to the data breach at the cash app then you can claim up to $2500 as the claim for all the documented financial losses that you have experienced. Now this particular category includes losses such as:
- Unauthorized withdrawals
- Credit monitoring expenses
- Bank fees or penalties
2. Lost Time Compensation
The next claim that you can make is the time that you have spent solving this particular issue. This is about the time you spent on customer support trying to resolve the data breach problems. You can claim $25 for every hour that you have spent for up to 3 hours.
3. Transaction Losses
Lastly, if you have experienced any direct financial losses owing to the fraudulent transactions, then you can claim the amount for the same depending if you have the proper documentation for the same.
How To Claim Cash App Settlement?
In this particular settlement all the eligible claimants need to file a complete claim form in order to be considered for the settlement payment. The deadline to file a valid claim was November 18, 2024 which has now ended and the settlement administrator is currently not accepting any new claim forms.
So if you have filed the official claim form for the Cash App $15 Million Settlement along with all the necessary documentation then all you need to do is wait for the settlement amount. Make sure that you have provided all the correct details, if you haven’t done so then you might face some delays in your claim process or worse your claim may be rejected.
Cash App Class Action Settlement Payment Date
All the claims are currently in the review process, the concerned authority is currently checking for any frauds or missing details in the claim. As the Cash App $15 Million Settlement is already approved by the courts we can expect that the payment will start rolling any time soon. We are anticipating the late 2025.
Cash App Settlement Payment Method
At the time of your claim filing you were asked to choose from the various payment transfer methods. You had the chance to choose from the platforms such as the Zelle, Venmo, Virtual Prepaid Card or Physical Check. Now if you are someone who has selected the option to receive the $15 million Cash App settlement payout then make sure that you cash that check within the 90 days from its issuance. Furthermore, if the cash deposited through the electronic medium fails then the settlement administrator will send you the paper check within the 30 day to you on record address.
| Official Website | Click Here |
| Homepage | Click Here |