Time is almost up, cash in on Cash App’s $15 million settlement before it’s too late

Your chance to bet some cash is dwindling.

For those who have used Cash App as their main app to send money electronically since 2018, time is running out to file a claim for up to $2,500 in a $15 million settlement.

Starting today, users have until November 18 to file a claim or opt out all at once.

The class action involving Block Inc., which owns Cash App and Cash App Investing. The company was accused of negligence and breach of duty to users back in 2022 when a former employee accessed account data without permission.

In a 2022 filing with the US Securities and Exchange Commission, Block Inc. said it notified around 8.2 million current and former users addressing what happened.

According to the lawsuit, Block Inc. negligent again in 2023 when “an unauthorized user” gained access to a few Cash App accounts while using recycled phone numbers associated with those accounts.

Block Inc. and Cash App Investing were also accused of failing to protect those accounts after both incidents, nor “adequately resolve customer complaints regarding unauthorized or fraudulent transactions.”

Although Block Inc. and Cash App Investing denied liability and wrongdoing earlier this year, they agreed $15 settlement.

So if you think there’s a chance all of this applies to you, a website detailing the settlement says you could be eligible if you’ve been or were a user of Cash App and/or Cash App Investing , and your account was accessed without your permission or there were unauthorized or fraudulent withdrawals or transfers to your account between August 23, 2018 and August 20, 2024.

For those planning to file a claim before it’s too late, if you received a notice in the mail or by email, you can either enter your notice ID or the confirmation code at settlement website. If you have not received a notification but believe you are still eligible, please complete an application form here.

For those who have already filed a claim, if the settlement and payments are approved, plaintiffs could receive up to $2,500 “for out-of-pocket losses” experienced during the specified time frame, the settlement website explains.

But remember, you must submit “third-party documentation” supporting “a data security incident, unauthorized account incident, or failure to resolve” with your Cash App or Cash App Investing account.

Plaintiffs can also file a claim to be reimbursed for lost time, which would be capped at $25 an hour for three hours in this case, for a total of $75, and for documented transaction losses due to “an unauthorized account event.”

To do this, you must submit at least one of three options: a copy of an unauthorized account incident notice; a copy of a police report related to an unauthorized account incident; or a document showing that your account was accessed without your permission.

More details on available settlement benefits can be found here.

Right now it is unclear when the payments will be spread out. A final approval hearing for the settlement was scheduled for December 16, 2024, although the website indicates it has been moved to January 13, 2025, pending court approval.