How to get money from Cash App settlement: 3 Easy Methods

Last updated on November 19th, 2024 at 07:38 pm

If you’ve been using Cash App and were affected by the data breaches between 2018 and 2024, you could be entitled to claim compensation from the recent $15 million Cash App settlement. The settlement compensates users who experienced unauthorized access to their accounts or other data breaches. In this article, we will guide you through three simple methods to get money from Cash App settlement, along with everything you need to know about eligibility, payout amounts, and how to apply for Cash App settlement 2024

What is the Cash App Settlement?

The Cash App settlement resulted from a data breach that affected millions of users between August 23, 2018, and August 20, 2024. During this period, sensitive user information was exposed due to unauthorized access to Cash App and Investing accounts. This breach led to a class-action lawsuit against Block, Inc. (Cash App’s parent company), which ultimately agreed to a $15 million settlement to compensate affected users. While the company denies any wrongdoing, the settlement allows eligible users to claim cash app settlement online.

Who is Eligible to get Money from Cash App Settlement?

To be eligible to get money from Cash App settlement, you must be a current or former Cash App or Cash App Investing user, or associated with any of its partner companies. If your personal details, Cash App account, or Cash App Investing account were accessed without your permission, or if you faced unauthorized withdrawals, transfers, or unresolved issues in your account from August 23, 2018, to August 20, 2024, then you can be part of the settlement.

Cash App Settlement Payout per Person:

The Cash App settlement payout per person depends on various factors. The total settlement fund is $15 million, which will be used to cover attorneys’ fees, the class representative’s service payment, and administrative costs. After these deductions, the remaining amount, known as the “Net Settlement Amount,” will be distributed among the valid claims submitted by eligible Cash App users.

Each Settlement Class Member who submits a valid and timely claim can receive reimbursement for the following:

1. Out-of-Pocket Losses: Up to $2,500 for documented losses linked to issues like unauthorized transactions, account problems, or data breaches that occurred between August 23, 2018, and August 20, 2024.
2. Lost Time: Up to three hours of compensation for time lost dealing with these issues, at a rate of $25 per hour.
3. Transaction Losses: Reimbursement for documented unauthorized transactions that occurred during the specified period, as long as you provide necessary documents like a police report or proof of reporting the issue.

If the total claims exceed the Net Settlement Amount, individual payouts will be reduced on a pro-rata basis. If any money remains after all valid claims are paid, it will either be distributed among claimants or donated to charity, depending on how much is left.

Know about Cash App Settlement Payout per Person through video.

3 Methods to Get Money from Cash App Settlement:

When claiming compensation from the Cash App settlement, users may face various difficulties, from understanding how to apply to finding the necessary documentation. To make things easier, the settlement offers three methods to help claim the money. We will explain each method step by step so you can choose the best option for you.

Method 1: For Users Who Have Received a Notice or Email:

If you’ve already received a notice or email with a Notice ID and Confirmation Code, this method is designed for you. Follow these simple steps:

Step 1 – Visit the Official Website: Open your browser and go to the official Cash App security settlement website: www.cashappsecuritysettlement.com.

Step 2 – Submit Your Claim: Click on the “Submit Claim” button as shown in the image below. You will be directed to a new page.

Step 3 – Enter Your Notice ID and Confirmation Code: On the new page, you will see fields to enter your Notice ID and Confirmation Code. Input these details carefully, then click the “Submit” button. As shown in the image below.

Step 4 – Verify Your Details: After submitting, you will see a page displaying your details. Verify all the information provided, and ensure it’s accurate.

Step 5 – Explain the Data Breach Incident: Next, describe the incident that affected your account during the data breach. Be sure to explain how you were impacted.

• Out-of-Pocket Losses: This refers to any direct financial loss you experienced due to the Cash App data breach.
• Lost Time: This covers the time you spent addressing the breach, such as contacting customer service, monitoring your accounts, or taking steps to protect your information.
• Transaction Losses: This is related to specific losses that occurred through Cash App transactions because of the breach, such as unauthorized transfers.

Step 6 – Final Submission: Once you’ve checked everything, click the final “Submit” button. You will receive a reference number—keep this for your records, as you might need it for future reference.

This method is the most straightforward for users and has minimal documentation. Since you already have a Notice ID and Confirmation Code, you won’t need to upload many documents.

(( Reference: This information has been obtained from the official Cash App Security Settlement website. For more details, you can visit the website.))

Method 2: For Users Without Notice or Email:

If you didn’t receive a notice or email, don’t worry! You can still claim your settlement amount by following this method:

Step 1 – Visit the Settlement Website: Just like the first method, go to the official website: www.cashappsecuritysettlement.com.

Step 2 – Submit Your Claim: Click on the “Submit Claim” button.

Step 3 – Click ‘If You Don’t Have a Notice or Email’: On the submission page, you’ll see an option for those without a Notice ID or Confirmation Code. Look for the “Click Here” button under this section and click it. As shown in the image below.

Step 4 – Fill in Your Contact Information: You will be directed to a new page where you need to fill out your full name, address, ZIP code, country, two email addresses, and one phone number. As shown in the image below.

Step 5 – Enter Your Cash App $Cashtag Identifier: Provide your unique $Cashtag identifier. Once you enter it, more fields will appear.

Step 6 – Provide Necessary Documents: Scroll down to the document section. Here, you’ll need to explain how you were impacted by the data breach and attach any supporting documents (if available).

Step 7 – After that you have to answer the three questions given below in Yes or No.

• First Question: Were you sent a notice that your information may have been impacted in a Data Security Incident? Select Yes or No.
• Second Question: Did you experience an unauthorized withdrawal from your Cash App account between August 23, 2018, and July 18, 2024? Select Yes or No.
• Third Question: Did you incur costs because the issue with your unauthorized transaction wasn’t properly resolved? Select Yes or No.

Step 8 – After that, you need to decide which costs can be reimbursed. Here’s a simple on/off way to approach it: If you have expenses like credit monitoring, professional fees, credit report costs, card replacement fees, closing/opening bank accounts, overdraft fees, late payment fees, or miscellaneous costs (like notary or postage), you should turn those options “ON” for reimbursement. If these do not apply to you, keep those options “OFF”. As shown in the image below.

Step 9 – Choose Your Payment Method: After that, you have to select the payment method through which you want to receive your Cash App security settlement amount and fill in its full details.

Step 10 – Certification and Signature: Review the certification page, sign your name, and click “Submit.” You will receive a confirmation with your claim number. Save it for future reference.

This method is ideal for those who didn’t receive an email but still wish to claim the settlement amount. You will need to provide additional information to verify your claim, but it’s still a straightforward process.

Method 3: Offline Claim Submission:

If you prefer to handle things manually or are unable to access the online forms, you can submit your claim through the mail.

1. Download and Print the Claim Form: Download the claim form, and print it.
2. Fill in the Required Information: Manually fill out all the necessary fields, including your contact information, the description of the incident, and any losses you’ve incurred.
3. Attach Supporting Documents: Include any documents that support your claim, such as bank statements, emails, or screenshots that prove unauthorized access or financial loss.
4. Mail Your Claim: Once everything is complete, mail your claim form and documents to the address provided on the form or email id – info@cashappsecuritysettlement.com. Be sure to send it before the deadline to ensure your claim is processed.
5. Inform the Helpline: After mailing, call the Cash App Security Settlement helpline at (866) 615-9740 to confirm that your form has been received and to ask any follow-up questions.

This method is useful if you are more comfortable with physical documentation. It may take longer to process, but it is a reliable alternative if you encounter issues with the online submission.

Understand how to get money from Cash App Settlement through video.

Approval Process of Cash App Settlement:

After applying for the Cash App settlement amount, it simply needs to be approved that you are indeed the Cash App user who was affected by the incident. Once this is confirmed, you will receive the settlement amount. After you submit your Cash App settlement application, the approval process moves forward in the following steps:

• After applying for the Cash App security settlement, the court reviews the case.
• A final hearing is on December 16, 2024, at 9:30 a.m. PT.
• You don’t have to attend the hearing, but you can if you want, at your own expense.
• Class Counsel will answer any questions the court has.
• If you sent an objection, you don’t need to go to court to explain it.
• The court will decide on the fairness of the settlement and approve payments for lawyers, Class Representatives, and other costs.
• The hearing might be rescheduled, so keep with our website for the latest updates.

Important Dates:

Common Issues About the Cash App Settlement

While filling out the Cash App settlement form, here are some common issues and their solutions in simple English:

Technical Glitches

• Issue: When many people are trying to submit the form at the same time, especially near the deadline, the website might experience slowdowns or temporary failures.
• Solution: To avoid this, submit your form at least 10 days before the deadline. This will help you bypass any last-minute traffic and technical issues.

Missing Notice ID or Confirmation Code

• Issue: Some users may struggle to find their Notice ID or confirmation code, which is needed to complete the form.
• Solution: Check your email or notice letter carefully, as it will contain these details. If you still can’t find them, you can contact the helpline to resolve the issue. If you didn’t receive a notice, you can still apply by selecting the option for those who didn’t get a notice.

Confusion About Claim Categories

• Issue: Many people get confused about which claim category to select, such as for unauthorized transactions or out-of-pocket expenses.
• Solution: Try to remember the incident and your losses carefully. If you are unsure, call the helpline and explain your situation so they can guide you to the correct category.

Lost Reference Number

• Issue: If you submit the form but lose the reference number, it will be hard to track the status of your claim.
• Solution: If this happens, contact the helpline with your other details (like your email and account information), and they may help you recover the reference number.

Conclusion

The Cash App settlement offers a great opportunity for users who were affected by data breaches to receive compensation. By following the simple steps outlined in this guide, you can easily submit your claim and potentially recover any losses you experienced. Whether you choose to claim online or offline, make sure to gather all necessary documents and submit your claim before the deadline.

If you’re eligible, this is a straightforward way to seek justice for the inconvenience caused by the data breach.

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Disclaimer: The information provided in this article is for general informational purposes only and does not constitute legal advice. While we strive to provide accurate and up-to-date information, we make no warranties or representations regarding the completeness, accuracy, or reliability of the content. Please consult with the Cash App helpline before taking any action related to financial settlements or legal matters. This website is not affiliated with Cash App, Block, Inc., or any related entities. Participation in the Cash App settlement is subject to eligibility requirements and legal stipulations.