The Cash App $15 Million Legal Settlement is the amount agreed to pay for the class action lawsuit filed against them. Users have filed a lawsuit against the application for using their personal information.
Many of them are waiting to receive the settlement amount from the authorities to compensate for their previous loss. Users affected during the specific period can claim the payment for their loss by qualifying the eligibility criteria. The department has also given the deadline for filling out the claiming form to receive the settlement amount.
Cash App Settlement 2024
Cash App was launched by Block Inc. in 2013 as a digital wallet to make transactions and utilize additional benefits. However, users have started noticing unusual activities in their wallets, creating unsolved doubts.
People have started facing issues of unauthorized transactions, security breaches, and multiple errors in the application. Then, they decided to file a lawsuit against the bank, resulting in a $15 million legal settlement for Cash App.
Cash App Legal Settlement Overview
Authority | Cash App |
Program Type | Cash App Settlement |
Country | USA |
Settlement Amount | $15 Million |
Claim Deadline | November 18, 2024 |
Max Compensation | Up to $2,500 |
Category | Government Aid |
Official Website | www.cashappsecuritysettlement.com |
Cash App $15 Million Legal Settlement Details
A person facing the issue of data breaches or security breaches between August 13, 2018, and August 20, 2024, can apply to receive the Cash App $15 Million Legal Settlement. After multiple trials, the company has agreed to pay the settlement amount to compensate the customers who have faced difficulties due to such issues.
Both issues have led to the overall misuse of nearly 8.2 million users who are registered with the application. Customers can receive the payment by filling out the simple process form; they will get $2500 directly into their bank accounts.
This Settlement of the authorities will help citizens recover the loss and safeguard their financial interests. However, citizens must file the form before the November 18, 2024 deadline.
Cash App $15 Million Legal Settlement Amount
- The authorities will provide the amount depending upon the requirements and loss faced by the citizens from their total compensation settlement amount of $15 million.
- Customers need to show the documentation of recipients or issues that occurred with the financial imbalance to prove their expenses.
- Customers who have spent time resolving the issues caused by the bank will get up to $25 per hour for the three hours.
- Customers who have engaged in fraudulent activities with the bank and have lost essential funds can claim the complete amount from the authorities.
Eligibility for Cash App $15 Million Legal Settlement
Customers who have faced financial challenges after the data breaches and wanted to receive the Cash App $15 Million Legal Settlement need to satisfy the eligibility criteria.
The court authorities have designed the requirements to ensure that only those who suffer and are eligible citizens will receive compensation from the company.
- Customers who have faced Unauthorized access to their cash app or cash app investing account.
- Customers who have faced fraudulent transactions or withdrawals from their wallets or accounts.
- Inadequate resolution from the cash app regarding errors in security breaches.
- Customers have faced the misuse of their personal information, which is a massive issue in their personal lives.
- Customers who have complete documentation about the issues and challenges faced after the data breach from the cash app.
How to File Your Claim
To file a claim for Cash App $15 Million Legal Settlement, customers need to keep these points in their minds, which are given below:
- Customers can submit their application form online using the department’s official website.
- Customers can also mail the application form if they prefer to the mail address given by the authorities to receive benefits.
- Customers can also sign the settlement agreement by contacting the helpline number provided by the department.
FAQs
What does the cash app decide the complete settlement amount?
The Cash App and Block Inc. has agreed to pay $15 million as the settlement amount.
What is the maximum amount a customer can receive?
A customer can receive up to $2500 depending upon the damage caused.
What if I had issues after August 20, 2024?
Unfortunately, only issues that happened before this date are eligible for the settlement.
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