Users of the 2021 Cash App who were affected by the data breach are entitled to compensation. The Cash App settlement 2024 payout date has been fixed, while affected users can file their claims on or before time. The settlement is for a sum of $15 million, directed to help individuals who suffered any financial or personal data loss as a result of the breach.
This article details eligibility, how to claim, payout particulars, and major timeline deadlines. If you think you might be eligible for compensation; keep reading so you don’t miss out on anything.
What’s the Cash App settlement?
The Cash App security class action suit came to be because of a 2021 data breach in which private data impacting 8.2 million users was compromised. An ex-Cash App employee was reported to have inappropriately accessed and downloaded customer data without any form of permission.
Block Inc. and Cash App Investing were named in the lawsuit after the breach for reportedly mishandling customer data. A settlement worth $15 million was previously pronounced, making room for the affected set of users to submit valid claims for compensation.
Cash App Settlement 2024 Payout Date: Who Can File a Claim?
The claim can be submitted when:
- Unauthorized withdrawals or transfers were made from a Cash App account.
- The fraudulent activity took place from August 23, 2018, to August 20, 2024.
- They did not receive reimbursement from Cash App, Block Inc., or any third party.
If eligible, users can claim up to $2,500, depending on the extent of their losses.
Types of Claims You Can File
Cash App users can seek compensation under different categories. Claim types and payout details follow:
1. Out-of-Pocket Losses
- Users will receive full compensation for direct losses from unauthorized transactions that have a limit of $2,500.
- Such losses may arise because of the following: account hacks, unauthorized withdrawal, and stolen funds.
- Supporting documentation for this claim may include but is not limited to: bank statements and electronic correspondence.
2. Compensation for Lost Time
- Users who dedicated extra work to investigations concerning the breach can bill up to three hours of personal time at a rate of $25 per hour.
- It includes efforts in account securing, fraud reporting, and customer care.
3. Transaction Losses
- A user will be eligible if they are unable to get reimbursement for unauthorized transactions.
- The users shall provide evidence of lost transactions along with related conversations with Cash App support.
Important Deadlines for Filing a Claim
To receive compensation, users must file their claims before the deadline. Below are the key dates:
| Event | Deadline |
| Claim submission opens | Already open |
| Claim submission deadline | November 18, 2024 |
| Payout processing begins | Early 2025 |
Claims submitted after November 18, 2024, will not be accepted.
How to File a Claim for the Cash App Settlement 2024 Payout Date?
Here are the steps to submit a claim:
- Go to the official site Cash App Security Settlement.
- Fill the claim form with information such as Cash App username, Cashtag, and proof of losses.
- Upload the needed documents, such as bank statements, transaction records, or fraud reports.
- The claim must be submitted before the deadline.
- Check for updates via email about your claim status.
Payouts, once processed, will be distributed via direct deposit or mailed check.
Can You Submit More Than One Claim?
- Individuals with numerous Cash App accounts should include all Cashtags associated on one claim form.
- The submission of multiple claims may cause delays or rejection.
Expected Payout Amounts for Cash App Settlement 2024 Payout Date
Out of the $15 million settlement fund, the members should be eligible to receive their fair share. Payout amounts depend on the number of claims filed.
| Claim Type | Maximum Payout |
| Out-of-pocket losses | Up to $2,500 |
| Lost time compensation | Up to $75 |
| Transaction losses | Varies based on claim |
Users who qualify for multiple categories may receive a combination of payouts.
What Happens If You Miss the Deadline?
Users will not be compensated if they do not file a claim by November 18, 2024. Late claims will not be accepted, and affected users will lose their right to any cash app settlement 2024 payout date.
Conclusion
The settlement is designed to reimburse the affected users of the breaches of Cash App data for their legitimate claims. The deadline for filing a claim for settlement payouts in 2024 is November 18, 2024.
If you were a victim of fraudulent transactions, stolen data, or lost time, file a claim straight away and get what you deserve. Find out more at the official Cash App security settlement website, and make your claim as soon as possible.
FAQs
Q1. When should settlements commence?
Ans. Settlements are most likely to begin in 2025.
Q2. Is this a legitimate settlement?
Ans. Yes. A court has approved this real-world settlement. Cash App and Block Inc. have agreed to pay $15 million to settle the case.
Q3. How do I find out if I am eligible for the claim?
Ans. If you experienced unauthorized transactions between August 23, 2018, and August 20, 2024, and were never reimbursed for them, you are eligible.
Q4. What will happen if I never file a claim?
Ans. No claim would mean people could lose out on any money at all, in addition to their hearing any future claims.
Q5. Can I get to find out the status of my claim?
Ans. Claimants may log on using their credentials at the Cash App settlement website to check the status of their claim.
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