If you’ve used Cash App in the past few years and had issues with unauthorized transactions or account freezes, you could be one of the many Americans eligible for part of a $15 million class action settlement.
This payout follows a lawsuit against Block, Inc., the parent company of Cash App. The case highlights growing concerns about data security and customer rights in financial technology apps.
Here’s everything you need to know about this settlement, eligibility rules, and when to expect your payment.
Why Is Cash App Paying a $15 Million Settlement?
The lawsuit claimed that:
- Some users faced fraudulent transactions
- Others had their accounts frozen without proper reason
- Many experienced delays in resolving complaints
- Several people’s data was accessed without authorization during security breaches
Though Cash App has become one of the most used peer-to-peer payment platforms in the U.S., users raised serious questions about how their accounts and personal data were handled.
Who Is Eligible to Receive a Payment?
To qualify, you must be a permanent resident of the United States and fall under at least one of the following categories:
1. Unauthorized Access
If your personal data or investment account details on Cash App were accessed or leaked without permission.
2. Fraudulent Transactions
If money was taken from your Cash App account without your permission.
3. Account Freeze or Resolution Issues
If you faced unfair account freezing or could not resolve issues with the company between August 23, 2018, and August 20, 2024.
4. Active User of Cash App or Its Investment Services
Anyone who used any Cash App services or associated investment tools is included.
How Much Money Will You Get?
Eligible claimants can receive up to $2,500, depending on:
- The total number of approved claims
- The severity of the issue
- Proof submitted by the claimant (such as account statements)
The deadline to file a claim was November 18, 2024, and no new applications are being accepted. Supporting documents had to be submitted before the final hearing date on January 13, 2025.
When Will You Receive the Settlement Payment?
The final court approval was granted on January 13, 2025. While there is no official payout date, all valid claimants can expect to receive their payments towards the end of 2025.
Payments will be sent via:
- Direct deposit (faster)
- Or by check in the mail
You can track your payment status on the official settlement website: www.cashappsecuritysettlement.com
How to Check Your Payment and Status
If you’ve already filed a claim:
- Be patient – allow 4–5 business days before contacting support
- Log in to the official website to track your payment status
- Make sure your chosen payment method (bank or address) is correct