Cash App Settlement Payout Update: Cash App is a popular digital payment application in the US, but in the past years it has faced problems related to data security and unauthorized transactions. Due to this, a class-action lawsuit was filed against Cash App in 2024 in which users said that there was negligence in the security of their data and money.
To resolve this, the company has made a big settlement, which will compensate the affected users. If you have also used Cash App and filled out the claim form, then this article is very important for you. In this, we will tell you what this settlement is, how much the amount will be, and when the payment will be made.
Cash App Settlement Payout Update
Cash App and its parent company, Block Inc., proposed a settlement of $15 million in August 2024, which was approved by the court in January 2025. It is for users who used the app between August 23, 2018, and August 20, 2024, and faced data leaks, fraud, or unauthorized transactions.
The settlement aims to provide financial assistance to users who directly suffered financial loss or loss of time. The company has not admitted any fault, but users will be paid a fixed amount under the settlement.
| Settlement Amount | $15 million |
| Company Involved | Cash App (Block Inc.) |
| Settlement Approved | January 2025 |
| Claim Period | August 23, 2018 – August 20, 2024 |
| Last Date to File Claim | November 18, 2024 |
| Maximum Out-of-Pocket Payment | Up to $2,500 |
| Time Compensation | $25/hour up to 3 hours ($75 max) |
| Total Maximum Payout | $2,575 per eligible user |
| Payment Methods | Direct deposit or mailed physical check |
| Expected Payout Timeline | Late 2025 or possibly early 2026 |
When will the payment be received?
The Cash App settlement has been approved in January 2025, but the payment process may take a few months. Those who filled out the claim form by November 18, 2024, are likely to receive payment by the end of 2025.
It is also possible that in some cases the payment may slip to early 2026, especially if the verification of documents in a claim is long or the appeal process is long.
Many users may receive payment first via bank transfer, while payments by check may be slightly delayed. Therefore, if you choose the direct deposit option, you may receive payment first.
How much can be received?
Under the Cash App settlement, every eligible user will be paid in different categories:
- Out-of-pocket losses (actual loss): If you lost money due to a fraud or data leak, you can get a maximum amount of up to $2,500. For this, proper certificates or documents have to be provided.
- Loss of time (Lost Time Compensation): If you took time to contact customer service regarding data leak or fraud to secure the account again, then you can get a maximum of 3 hours or $75 for that at the rate of $25 per hour.
In this way, an eligible user can get a maximum of $2,575. However, the actual amount will depend on the validity of the claim and the quality of the documents.
How and when will I get paid?
There are two main ways to receive payment; these are direct deposit and physical check. Check details about each from below.
- Direct Bank Deposit: If you provided bank details while filling out the claim form, you will receive payment directly in your bank account.
- By Physical Check: If you opted for a check or did not provide bank details, you will be sent a check via mail. This process may take longer.
Cash App Settlement: FAQs
Can I still submit the claim form?
No. The last date for claims was 18 November 2024. If you have not claimed before this date, then you are no longer eligible for this settlement.
How to check your settlement status?
You can visit the official website at https://cashappsecuritysettlement.com/ or call the claim administrator by dialing +1‑866‑615‑9740 to know your settlement status.
