Cash App Settlement Deadline: Everything You Need to Know

Cash App Settlement Due Date: All You Need to Know If you’ve been using Cash App from 2018, this news will blow your mind. The deadline for filing a claim for the hefty $15 million class action settlement is drawing near. You could receive as much as $2,500, and believe me, this is a situation you cannot afford to miss; you’ve got roughly a week’s time to file your claim.
Litigation and Causes of Action Last year, Cash App and Block Inc., the parent company of Cash App Investing, faced grave accusations. The company had been accused of negligence when a former employee had done unauthorized access to user account data. After this, Block sent notifications to about 8.2 million current users and ex-users about the issue of security.
Another Security Breach for Cash App In 2023, another Law Suits claimed that Block’s acts of negligence had again marred the Cash App. In this instance, an unrecognized user was said to have been able to breach certain Cash App accounts using recycled phone numbers associated with such accounts.

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Accusations Against Cash App Block and Cash App Investing were unbegrudgingly said not to be taking enough precautionary measures to get user accounts secured or failingly complain of inappropriate closure of customers’ complaints about unauthorized or fraudulent transactions.

Are You Qualified for the Settlement?

If you have ever used Cash App or Cash App Investing, it is possible that you qualify for a settlement share. Specifically, in order to qualify, the following conditions must be met:
You are or were a user of Cash App and/or Cash App Investing.
Your account has been accessed in a manner that is inconsistent with your consent.
Unapproved or fraudulent withdraws or transfers have occurred on the account between August 23, 2018, to August 20, 2024.

Important Deadline

You must take action to include your share of the settlement or opt out by November 18, 2024, at 10:59 p.m. PT. This is a critical deadline.

How to Proceed

If you received a notice via mail or email, you can use your notice ID and confirmation code to proceed on the settlement website. Don’t worry though if you did not receive a notice but think you’re eligible. You can still fill out an online claim form and participate.
Settlement Payment If the settlement and payments are approved, then you could receive up to $2,500 for “out-of-pocket losses” incurred in this time period.

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This eligibility will require third party documentation that claims those losses link back to a data security incident, an “unauthorized account event,” or a “deficiency in error resolution” related to your Cash App or Cash App Investing account.

Compensation for Lost Time And you can submit a claim for paid time up to $25 per hour, for a maximum of three hours, for a total not to exceed $75. You will need to submit at least one of the following documents to support your claim for documented transaction losses from an

unauthorized account event

An Unauthorized Account Event Notice
Copy of police report for unauthorized account event.
A document proving account access. user details were hacked/compromised.
Your documentation should be in order for a successful claim. You must be prepared to provide evidence that clearly show the relation of your financial loss to the breach in security or unnecessary activity.

FAQs

Q.1 What is the deadline for filing a claim to the Cash App settlement?

A.1 The submission deadline is November 18, 2024, at 10:59 p.m. PT.

Q.2 Who will be eligible for the Cash App settlement?

A.2 Any Cash App user and/or Cash App Investing user who had unauthorized access or fraudulent transactions through his/her account would be eligible for the cash settlement if the occurrence took place from August 23, 2018, and August 20, 2024.