Cash app settlement payout date 2025: When will the money be credited?

There is news of relief for millions of people using Cash App. The Cash App Settlement, which was awaited for a long time, has now reached the final stage. Users affected by the data breach and fraudulent transactions are soon going to get compensation according to their claims. Although the date of payment is not fully fixed, it is likely that this process will be completed by the end of 2025. Let us know every important piece of information related to this entire settlement.

What is the Cash App Settlement case?

This settlement is the result of a class-action lawsuit filed against Cash App over lapses in the data security of its users. In this case, it was alleged that due to flaws in the security system of Cash App, unauthorized access was made to the personal data of millions of users, due to which many people had to face fraud and fraudulent transactions.

Cash App has agreed to a settlement of a total of $15 million to resolve these allegations so that the affected users can get compensation. This amount will be given to those who have submitted valid claim forms by November 18, 2024.

Settlement Payment Deadline

The final approval of the Cash App Settlement is expected at a hearing on January 13, 2025. After this, the process of appeal and claim confirmation will begin, based on which the exact date of payment will be decided. If everything happens on time, eligible claimants can get payment by the end of 2025. However, if there is a delay in appeals or verification of documents, then this process may be extended further.

What will you get in the settlement?

1. Out-of-pocket loss compensation

If you have claimed actual financial losses (such as bank deductions or fraudulent transactions) of up to $2,500 due to a data breach in Cash App or Cash App Investing accounts and have provided documentary evidence for this, such as bank statements or transaction records, then you can get compensation up to this amount. This applies to cases that occurred between August 23, 2018 and August 20, 2024.

2. Time compensation

Many people had to spend time dealing with these incidents, talking to customer service, monitoring accounts, or taking security measures. In such cases, compensation will be given at a rate of $25 per hour up to a maximum of three hours, for a total of $75.

3. Transaction-related losses

If you have suffered a fraudulent transaction between August 23, 2018 and August 20, 2024 and have filed a police report or other official information, then you are eligible to share in the settlement amount. Proper documentation is mandatory for this.

What are the eligibility conditions?

To be a part of the Cash App Settlement, the person must meet the following conditions:

• The person must have been a Cash App user between August 23, 2018 and August 20, 2024.
• There has not been any unauthorized access or fraudulent transaction in his account during this period.
• He has submitted the claim form along with valid proof (such as bank statements, emails, notices, etc.) to make the claim.
• The claim has been submitted before the deadline of November 18, 2024.

Possible reasons for delay in payment

Even though the settlement process is likely to be completed by the end of 2025, there are some reasons that can lead to delay in payment:

1. Appeal process

• After the final hearing on January 13, 2025, if any appeal is filed, it may take several months to be resolved, which may delay the payment.

2. Number of claims

• If a very large number of people file claims, it will take more time to investigate and verify each claim.

3. Verification of documents and calculation based on category

• Each claim category may have different criteria—such as the amount of loss, compensation time, etc. These may take time to be accurately calculated and verified.

4. Mode of payment

• Those who have opted for digital payments such as PayPal, Zelle or direct transfer may receive payments quickly. But those who have opted for physical checks may have to wait a little longer due to postage and clearance.

How to know when your payment will arrive?

If you have filed a claim and now want to know when your payment will arrive, you can get information in the following ways:

• Phone: You can contact the Class Administrator at +1-866-615-9740.
• Postal: You can also send a letter to their mailing address (the address is available on the official website).
• Be prepared to provide information: Have your Claimant Unique ID and Confirmation Code with you when you call so that they can confirm your status.

The Class Administrator’s job is to oversee the entire settlement, verify claims and execute the payment process.

Conclusion: Be patient; the process is ongoing

The Cash App settlement is a significant relief for affected users. While the payment process can be complicated, it is being ensured that every eligible person gets their fair compensation. If you have filed a claim on time and submitted all the required documents, you are likely to receive your payment by the end of 2025. Until then, keep checking your email and the settlement website regularly for updates.

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