Money
Time is running out to claim up to $2500 from Cash App settlement: requirements and how to apply
Although Block and Cash App have denied any wrongdoing, some users may be eligible for a chunk of $15 million. Here’s who qualifies and how to claim it.
The companies were accused of negligence and breaching security obligations with customers in 2022. A former employee had accessed the company’s account data despite not being employed by the company anymore. The company was forced to inform over 8.2 million users about what happened.
Users or consumers can take legal action against companies when they fail to comply with the terms of their services or advertisements, as well as when there are privacy violations. If the situation is widespread, a class action lawsuit can be filed for the benefit of others.
Eligibility requirements for receiving a chunk of the settlement
- You had to be a user of Cash App Investing and/or Cash App
- Your account had to be accessed without your permission
- Your account experienced fraudulent withdrawals or transfers between August 23, 2018 and August 20, 2024.
When is the deadline to apply for up to $2,500?
The final date to apply for a part of the $15 million settlement is November 18, 2024 at 7:59 ET. The money is to help cover out-of-pocket losses experienced during the aforementioned time period. A claim can be made to receive reimbursement for lost time and for documented transaction losses. You must be able to prove an unauthorized account took place with a copy of a notification or a police report showing your account was accessed without your permission.
This website has more information for Cash APP or Cash App Investing users, although information about payment dates is not yet available.