Cash App users affected by security breaches between 2018 and 2025 are set to benefit from a significant class action settlement.
Following major data security lapses, a $15 million fund has been established to compensate users who faced unauthorized activity, identity breaches, or loss of time and money.
This guide explains the eligibility requirements, payout details, and step-by-step instructions on how to submit a claim for the $2,500 Cash App payout starting in May 2025.
Cash App Class Action Settlement – Key Details
| Detail | Information |
|---|---|
| Settlement Name | Cash App Class Action Settlement |
| Total Settlement Amount | $15 Million |
| Maximum Individual Payout | $2,500 |
| Hourly Compensation | $25 per hour (up to 3 hours) |
| Eligibility Period | August 23, 2018 – August 20, 2025 |
| Final Approval Hearing | February 16, 2025 |
| Claim Deadline | November 18, 2025 (by 10:59 PM online or postmarked) |
| Payment Date | After final approval and claim validation |
| Submission Method | Online or by mail |
| Official Settlement Website | cashappsecuritysettlement.com |
Why the Settlement Was Created
Two major incidents led to the establishment of the settlement:
- In 2022, a former Cash App employee improperly accessed user data.
- In 2023, recycled phone numbers inadvertently allowed unauthorized access to previous Cash App accounts.
These breaches exposed users to unauthorized withdrawals, identity theft, and severe account security failures.
To address these failures and rebuild user trust, Cash App and its parent company Block have agreed to the settlement, providing direct compensation to affected users.
Eligibility Criteria
Individuals may qualify for compensation if they meet any of the following conditions during the eligibility period:
- Personal or financial information accessed without authorization.
- Unauthorized transactions conducted through the Cash App or Cash App Investing platforms.
- Persistent account errors caused by data breaches.
Anyone whose information was compromised between August 23, 2018, and August 20, 2025, may be eligible to claim compensation.
Payout Structure
Depending on the impact, eligible individuals could receive:
| Type of Compensation | Details |
|---|---|
| Out-of-Pocket Losses | Reimbursement up to $2,500 for fraud, identity theft recovery, or credit monitoring expenses. |
| Time Compensation | $25 per hour for up to 3 hours addressing breach-related issues. |
| Additional Reimbursement | Extra compensation for documented financial losses due to unauthorized activities. |
Proof such as transaction records, customer support logs, or identity theft monitoring receipts will be required for full reimbursement.
How to File a Claim
Eligible users must follow these steps:
- Check eligibility by reviewing account activity during the stated period.
- Gather evidence such as emails, transaction histories, or other related documents.
- Complete the claim form available at the official settlement website.
- Submit the claim either online or via mail before the final deadline on November 18, 2025.
Proper documentation will improve the chances of receiving the full payout amount.
Important Deadlines
| Event | Date |
|---|---|
| Final Approval Hearing | February 16, 2025 |
| Last Date to File a Claim | November 18, 2025 |
| Payment Distribution | After final approval and claim processing |
Missing these deadlines could result in ineligibility for compensation.
Purpose of the Settlement
This settlement is not just about financial reimbursement. It is designed to:
- Compensate victims of security failures.
- Encourage better data protection practices at Cash App.
- Resolve the dispute efficiently without prolonged litigation.
- Hold technology companies accountable for safeguarding user data.
The resolution aims to restore user confidence and push for stronger security measures across the fintech industry.
The $2,500 Cash App settlement launching in May 2025 offers a vital opportunity for affected users to recover financial losses and the time spent addressing account security issues.
By meeting the eligibility criteria and submitting a proper claim before the deadline, users can benefit from this substantial compensation effort.
This settlement also sends a strong message to financial tech companies about the critical importance of safeguarding user information.
FAQs
How much compensation can an individual claim under the Cash App settlement?
Eligible individuals can claim up to $2,500 for documented financial losses and $25 per hour for time spent addressing breach-related problems.
What documents are required to file a claim?
Proof such as transaction records, fraud reports, identity theft protection receipts, and correspondence with Cash App support is needed.
When will the Cash App settlement payouts be distributed?
Payments will begin after the final court approval on February 16, 2025, and after all submitted claims are reviewed and validated.