Recently you might have heard about a very popular class action lawsuit that entails the famous payments app Cash App. Well the litigation stems from the allegations that Cash App failed to protect the sensitive user data and the accounts of its users. This has led to some serious risks and financial losses for the Cash App customers. The company hasn’t accepted any wrongdoings but has announced a $15 Million Settlement Amount for affected users.
Cash App Class Action Settlement 2025
Many Cash App users have faced unauthorised access to their sensitive data and accounts which was a serious security lapse on behalf of the Cash App. Owing to this the users faced serious risk to their data safety and they suffered financial losses. Today in this article we’ll have a deeper insight at this whole settlement.
Cash App Class Action Payout – Overview
| Article Name | Cash App Class Action Settlement 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 Cash App Class Action Settlement
In order to get a better understanding of the whole settlement it is important that you first understand the whole lawsuit. The lawsuit was a direct result of multiple data security violations that have occurred with the app. The Cash App has been under a lot of scrutiny about their loose data security practices. Some of the allegations against the cash app were – unauthorized access by the former Cash App employee, he accessed and downloaded the private user information for millions of users.
Another allegation that the company has faced is unauthorized access to the user accounts leading to the fraudulent transactions. Now this particular account breach was related to the issue of recycled numbers. With some serious security breaches like these customers have faced serious financial losses. Furthermore, they had to spend lots of time in order to regain control of their accounts. Seeing the poor response from the Cash App support the aggrieved customers moved for a Cash App Class App Class Action Lawsuit.
Eligibility Criteria for Cash App $15 Million Class Action Settlement
As you can understand, not all the users of Cash App and Cash App Investing will be eligible for this settlement. Inorder to be a part of this $15 Million Cash App Settlement Payout, you’ll need to fulfill some eligibility criteria.
- You are eligible for this claim if you have Cash App or the Cash App Investing account between the date of August 23, 2028 and 20 August 2024.
- Furthermore, you must have experienced unauthorized access to your Cash App account and misuse of their financial accounts between the above mentioned periods.
- Lastly, if you have suffered financial loss owing to the data and account breaches then you can also claim the beneficial amount. The losses can be fraudulent transactions, fake charges or the fees for credit monitoring services.
So these are all the conditions that you’ll need to fulfill in order to be eligible for the portion of the claim settlement amount. Moreover, if you have multiple Cash App accounts then you can also claim the settlement amount on them by mentioning them in your claim form.
$15 Million Cash App Settlement Categories
So if we were to talk about the different categories in which the $15 Million Settlement will be distributed then it would be under the below mentioned two categories. These two categories describe the types of losses that the users have faced and their settlement amount based on that.
- The very first category in the Cash App Class Action Settlement is the expenses that you have incurred out of your own pockets. Owing to the security breaches in the Cash App, if you have experienced financial losses then you as an individual can claim the $2500 Reimbursement. Now the losses in this particular category includes, theft/ credit issues due to identity theft, money lost due to the unauthorised transactions, and the account recovery expenses. Apart from that if you have spent money on credit monitoring then you can also file a claim and get reimbursed for the same.
- The next category under which you’ll be receiving your claim amount will be the lost time category. The company has offered $25 for every hour that you have spent contacting the Cash App support in order to secure your account. You can easily claim this benefit for up to three hours. This compensation is of the time and the mental fatigue that they had to endure in order to rectify the problems caused by the data breach.
For both of these claim categories you need to have ample proof, such as documentation, receipts , screenshots and the proof of communication with the app’s support. Make sure that you attach all those proofs with the claim form.
Cash App Class Action Settlement Application Process
So in order to receive the $15 Million Class Action Settlement payout it is very important that you follow the complete application process that we have discussed below.
- You’ll find the claim from on the official website of the settlement, make sure that you fill that out.
- In that claim form you’ll be asked to fill out certain personal information that will help the administrators to identify your user status.
- While filling out your form make sure that you have all the proofs with you that will help them in deciding your category and the claim amount.
- If you are someone who had multiple cash accounts affected then make sure that you include the details of all those accounts in your claim form.
- Lastly make sure that you fill the settlement before the deadline of November, 18, 2025. Also if you are not happy with the settlement and you want to opt-out of it in order to challenge it then the date to do so is 1 November 2025.
So this was all the necessary information about the $15 Million Cash App Class Action Lawsuit. We hope that you have found all the necessary information that you were looking for and now you’ll be able to navigate this properly. The payment of $2500 Cash App settlement is still far away as currently we only have the claim deadline and the payments can only be processed once the claim has been approved by the courts.
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