Cash App settlement: Deadline to claim up to $2,500 is Monday

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FILE – Cash app logos are displayed on a smartphone screen and a computer screen on April 30, 2024. (Photo illustration by Nikolas Kokovlis/NurPhoto via Getty Images)

Those who used Cash App to transfer money in the past six years may be entitled to up to $2,500 in a class-action settlement over security flaws on the mobile payment app .

The app allows users to send and receive money, invest in stocks, buy bitcoin, and make payments to select vendors.

In a class action filed in FebruaryCash App users alleged that Cash App Investing and its owner, Block, were negligent in their response to two data breaches: when a former Cash App Investing employee accessed account data without authorization in 2022 , and when an unauthorized user has accessed certain Cash App accounts. in 2023 using recycled phone numbers linked to accounts.

It also accuses Block and Cash App Investing of failing to implement proper security controls and failing to address concerns about fraudulent transactions occurring on the app.

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The proposed settlement is for $15 million, although Cash App and Block both deny any liability or wrongdoing, according to the settlement website.

Who can file a Cash App settlement claim?

If your account was accessed without authorization, or if you made fraudulent withdrawals or transfers, you can file a claim. You must have an active account or your account must have been active between August 23, 2018 and August 20, 2024.

How to file a Cash App claim

Customers can file a complaint on the Cash App settlement website. If you have a notification ID and confirmation code from a notification you received by mail or email, you will be asked to enter this information. You can still file a claim even if you have not received notice.

When is the deadline for Cash App claims?

The deadline is November 18, 2024 at 10:59:59 p.m. PT to file a claim under the settlement.

How much money can you get in Cash App settlement?

The amount of money claimants receive depends on how many people file claims. Those affected by the violations can submit claims of up to $2,500, but they must have documentation proving there were personal losses.