Nearly $3,000 Could Hit Your Bank Account — Only One Requirement to Qualify

Thousands of individuals are expected to receive nearly $3,000 in settlement payments as part of a class action lawsuit against Cash App. Class actions are powerful legal tools that allow regular people to hold massive corporations accountable, especially when something goes wrong on a large scale—like a data breach or fraudulent activity.

If you’re wondering whether you might be eligible for a slice of the pie, here’s what you need to know.

Process

So, what actually happens in a class action lawsuit? Instead of hundreds or thousands of people filing individual lawsuits, they join forces to sue a defendant as one large group. A representative acts on behalf of the entire class, and if the court agrees the case qualifies for class action status, other affected individuals are invited to join or opt out.

These lawsuits are often the go-to approach in cases involving widespread issues—think security breaches, defective products, or misleading advertising. They level the playing field between individuals and powerful companies with legal teams and deep pockets.

Settlement

Recently, Cash App agreed to pay out $15 million to settle a class action lawsuit related to data privacy and unauthorized access to users’ accounts. While the company hasn’t admitted to any wrongdoing, they have decided to move forward with a settlement that could see individual users receive as much as $3,000.

This case focused on a series of incidents involving data breaches and fraudulent transactions on Cash App and Cash App Investing accounts between August 23, 2018, and August 20, 2024.

Here’s a breakdown of the payment structure:

Eligibility Type	Payout Amount
Affected by data breach	Up to $2,500
Time spent resolving issue	$25/hour for 3 hours ($75 max)
Fraudulent transactions	Additional share of settlement

But here’s the catch—you had to submit a valid claim by November 18, 2024. If you missed that deadline, you’re unfortunately out of luck for this specific case.

Criteria

To have qualified, you needed to have had a Cash App or Cash App Investing account impacted during the lawsuit period. Additionally, those who lost time dealing with the issue were allowed to claim compensation for up to three hours, valued at $25 per hour. That alone could bring an extra $75 into your bank account.

If you suffered financial losses from fraudulent activity during the same period, you were eligible to receive an additional portion of the overall settlement. The final payment amounts are expected to be distributed by the end of this year.

Trend

This isn’t just about Cash App. Class action lawsuits tied to data breaches are becoming more common as cybercrime explodes. With online banking now the norm, financial companies face increasing pressure to protect their clients’ sensitive information.

Since 2001, cybercrime has surged nearly 700 times over, and when companies drop the ball, class action lawsuits are one of the few ways victims can get compensation.

For example, WellNow Urgent Care recently agreed to a class action settlement due to leaking patient data. Plaintiffs in that case could receive up to $7,500 in damages. The deadline to submit a valid claim or objection in the WellNow case is July 11, making it one of the next major settlement opportunities on the horizon.

Update

If you were affected by the Cash App breach and submitted your claim on time, keep an eye on your bank account—the payments are coming soon. And if you missed the deadline, don’t worry. With data breach lawsuits on the rise, there will likely be more opportunities to receive compensation in the future.

To stay informed about upcoming settlements and claim deadlines, visit trusted sources like Top Class Actions. It could be the easiest few thousand dollars you ever claim.

FAQs