Cash App Settlement: The deadline to claim up to $2,500 is Monday

On By Littum

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FILE – Cash App logos appear on a smartphone screen and on a computer screen on April 30, 2024. (Photo illustration by Nikolas Kokovlis/NurPhoto via Getty Images)

Those who have used the Cash App to transfer money in the past six years may be entitled to up to $2,500 as part of a class action lawsuit over security breaches at the mobile payment app.

The app allows users to send and receive money, invest in stocks, buy bitcoin and make payments to specific vendors.

In a class action filed in FebruaryCash App users alleged that Cash App Investing and its owner, Block, were negligent in their response to two data breaches: when a former Cash App Investing employee accessed account data without authorization in 2022, and when an unauthorized user accessed certain Cash App accounts in 2023 using recycled phone numbers that were associated with the account.

It also accuses Block and Cash App Investing of failing to implement proper security controls and failing to respond to concerns about fraudulent transactions taking place on the app.

Cash App founder dead, suspect pleads not guilty

Nima Momeni, the accused killer of Cash App founder Bob Lee, pleaded not guilty in a San Francisco courtroom Thursday morning. A judge refused to grant bail to keep the accused killer behind bars while he awaits a preliminary hearing.

The proposed settlement is for $15 million, although Cash App and Block both deny any liability or wrongdoing, according to settlement website.

Who Can File a Cash App Settlement Claim?

If your account was accessed without authorization, or if you’ve had fraudulent withdrawals or transfers, you can file a claim. You must have an active account or your account must have been active between August 23, 2018 and August 20, 2024.

How to submit a Cash App claim

Customers can file a claim on Cash App settlement website. If you have a message ID and verification code from a message you received by mail or email, you’ll be prompted to enter this information. You can still report a claim even if you haven’t received a notification.

What is the deadline for Cash App claims?

The deadline for filing a claim under the settlement is November 18, 2024 at 10:59:59 PM PT.

How much money can you get in the Cash App settlement?

The amount of money claimants receive depends on the number of people filing claims. People who were affected by the breaches can file claims for up to $2,500, but they must have documentation to prove that there were cash losses.