$2500 Cash App Class Action Settlement 2025: Know Eligibility & Payment Date

People should know about the $2500 Cash App Class Action Settlement, which will provide recompense if they have had to deal with the problems. The lawsuit against the Cash App and its parent company, Block Inc., is based on grave allegations.

This is a breakthrough for customers who have suffered from abnormal withdrawal or leakage of personal information. In this settlement, people will be given due compensation by authorities, through which they can tackle the damage inflicted.

$2500 Cash App Class Action Settlement 2025

Block Inc., the parent firm of Cash App, is expected to face an $80 million fine as part of charges filed under the Bank Secrecy Act and Anti-Money Laundering law. Settlement claimants will receive their award directly from the accounts to which they submitted their claims. The final court date was January 13, 2025.

If no objections arise, payouts will likely begin sometime by late 2025 or early 2026. Users are invited to visit the site for any schedules and their respective payment statuses.

Cash App Class Action Settlement Overview

DepartmentCash App (Block, Inc.)
ProgramCash App Security Settlement
CountryUSA
Amount per ClaimantUp to $2,500
Payment DateLate 2025 or early 2026
Current StatusPending court approval
CategoryGovernment Aid
EligibilityAffected Cash App users
Application ProcessFile a claim through the settlement website
Official Websitehttps://cashappsecuritysettlement.com/

$2500 Cash App Class Action Settlement Complete Details

A class action lawsuit alleged a December 2021 data breach exposed 8.2 million Cash App Investing customers’ personal information without consent. The breach involved a former employee downloading sensitive data without customers’ knowledge.

Block Inc., a parent company of Cash App, has agreed to settle about $15 million in claims associated with inadequate security and data exploitation between August 23, 2018, and August 20, 2024.

Admitting to no wrongdoing, the company settled only to avoid lawsuit costs and dangers. Affected customers will thus be compensated- this is still a matter of deep concern over whether data security can be guaranteed in the financial sector.

Cash App Class Action Lawsuit Full Details

Cash App is a money transfer application launched in 2013. It faced criticism due to security issues when data breaches occurred between August 23, 2018, and August 20, 2024.

A class-action lawsuit claimed that the company mishandled private data, engaged in fraudulent transactions, and did not respond appropriately to complaints by users, which left victims with identity theft and financial loss.

With over 56 million active users, Block, former name Square, agreed to a $15 million settlement related to the claims. While denying wrongdoing, the company settled the allegations to avoid protracted litigation and placate its customers.

How to Apply for Cash App Class Action Settlement

American citizens who want to benefit from Cash App Settlement must follow the eligibility criteria. The company has prepared the requirements to ensure that only customers who have faced challenges will be able to receive the benefit.

  • Customers must have an active or former account in the cash app between August 23, 2018, and August 20, 2024.
  • A third party has utilized the cash app service and privacy without customers’ consent.
  • Customers who have failed to fix the issue with the cash app account or any associated bank account.

Cash App Settlement Amount Details

The deadline for submitting a claim form in the Cash App settlement was November 18, 2024. Eligible claimants could submit online or by mail with supporting documents like police reports, receipts, or correspondence to establish claims of unauthorized access to their accounts, data security breaches, or resolution errors. Such documentation would link third-party evidence to the account-related incidents.

Compensation for lost time can also be requested up to $25 per hour for three hours, totalling $75. The claimant is also eligible for reimbursement for any documented financial loss from unauthorized transactions.

$2500 Cash App Class Action Settlement Payment Dates

As part of a Cash App Class Action Settlement over security concerns in Cash App, customers may be eligible for up to $2,500 in compensation for claims involving unauthorized transactions, Bitcoin purchases, stock investments, or vendor payments.

  • The final hearing, rescheduled for January 13, 2025, extended key deadlines, including the deadline to submit claims on November 18, 2024.
  • Claims could be submitted online or by mail, along with documentation such as police reports or invoices.
  • The payment is expected 9 to 12 months after the hearing.
  • This agreement requires better security and improved customer service in digital banking.

FAQs

What is the maximum amount of benefits citizens can receive?

$2500, which depends on the damage caused.

When will people be able to receive the settlement amount?

The final court hearing will be on January 13, 2025.

What was the deadline to submit the claim for this settlement?

The deadline for submitting a claim was November 18, 2024.

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