Cash App users may now be eligible for compensation from a $12.5 million class-action settlement. The settlement addresses data breaches, unauthorized transactions, and account-related issues between 2018 and 2024. Acting promptly ensures that eligible users receive payments ranging from $15 to $2,500.
Table of Contents
What the Settlement Covers
The lawsuit against Block, Inc., the parent company of Cash App, covers incidents between August 23, 2018, and August 20, 2024. During this period, users experienced unauthorized access to accounts, data breaches, and other account irregularities. While Block did not admit wrongdoing, it agreed to provide compensation to impacted users to resolve the dispute efficiently.
Who Can Receive a Payment
Many people qualify without realizing it. Users who accessed Cash App or Cash App Investing during the affected period, experienced financial losses due to unauthorized transactions, or were impacted by data breaches are automatically included. Being a U.S. user during this time is also a key eligibility criterion.
Estimated Compensation Amounts
- Out-of-pocket financial losses: Up to $2,500 (with documentation)
- Lost time (up to 3 hours): $25 per hour
- Automatic basic payment: $15 to $75
- Typical payout for most users: $15 to $50
Even users without receipts may qualify for the basic payment.
How to File Your Claim
Filing a claim is simple and quick. Users need to visit the official settlement website, CashAppSecuritySettlement.com, enter their unique ID or search using their phone number/email, select the type of claim, and submit before the deadline. The process usually takes less than five minutes.
Important Dates to Remember
The deadline to submit claims is February 24, 2026, while objections or exclusions must be filed by January 26, 2026. The final court approval hearing is scheduled for March 20, 2026, and payments are expected to be distributed in Summer 2026. Users should watch for official communications from Cash App and avoid third-party sites.
Tips to Maximize Your Payout
Filing a claim is free and risk-free. To maximize the payout, always use the official settlement website, submit claims even if you are unsure, and inform friends or family who may also be eligible. Checking both mail and email for notices ensures you don’t miss important information.
Frequently Asked Questions
- Is this settlement legitimate?
Yes, it is an official court-approved settlement accessed through CashAppSecuritySettlement.com. - Are receipts required?
No, receipts are only needed for claims above the standard payment. - When will payments be issued?
Payments are expected in Summer 2026 after the final approval hearing. - What happens if I don’t file a claim?
Only users who submit a claim will receive compensation.
Conclusion
Millions of Cash App users may benefit from this $12.5 million settlement. Filing a claim ensures you receive your share, whether for a basic payment or documented financial losses. Acting now could secure compensation ranging from $15 to $2,500.
