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How to see if you are eligible for the Cash App settlement payment
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How to see if you are eligible for the Cash App settlement payment

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If you have recently used the mobile banking Cash App platform to make payments or receive money, you might be in line to receive payment due to a class action settlement.

But you only have a few days to see if you’re eligible. Here’s how to find out.

How to file a claim, check Cash App settlement eligibility

Cash App users have until Monday, November 18 file a complaint.

You can also check your status if you have already filed a claim.

You will need to include your contact details, as well as your $Cashtag identifier.

You can also print and mail the claim, but it must be postmarked by November 19.

How much can I receive from Cash App settlement?

Cash App users who made transactions between August 23, 2018 and August 20, 2024 and filed an accepted claim can receive several thousand dollars in the settlement payment.

“Settlement Class Members who submit a valid and timely claim form are eligible to receive reimbursement of up to $2,500 per Settlement Class Member for personal losses,” it reads in detail. of the regulations. “(As) those that are fairly traceable to a data security incidentan unauthorized account event or failure to resolve an error in connection with a Cash App or Cash App Investing account.

The settlement also provides separate payments of up to $75 for lost time.

If you wish to seek compensation for transaction losses, you will need to provide either a police report, a report of prior contact with a Cash App account representative, or documentation showing that you have already alerted Cash App to the problem.

What is Cash App settlement?

The Cash App settlement resolves the federal government’s allegations that Cash App was negligent in handling two data breach incidents and authorized unauthorized or otherwise fraudulent transfers.

Who owns the Cash app?

Cash App is one of several online platforms owned by Block.

Block’s other holdings include focused on Bitcoin Spiral platform; Square mobile payment app; financial platform To be determined; and mobile Tidal music platform.

Damon C. Williams is a Philadelphia-based journalist covering news stories in the Mid-Atlantic region.