Cash App Settlement 2024 Payout Date: When and how much will I receive?

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Cash App Settlement Payout Date

Individuals who will have submitted the claim form for CashApp Settlement on or before the due date, November 18, 2024, may anticipate to get the payout within three months after the final approval. Claimants may check the eligibility, payout amount and other details from the below.

Cash App Settlement 2024 Payout Date 

Cash App, along with its parent firm Block Inc., will also make a payout in 2024 as part of a proposed $15 million class-action settlement. An estimated 55 million existing class members are eligible for payout, though the company has verified nearly 45 million.

Class members looking to receive a Cash App settlement payout should meet the certain eligibility criteria, the payout date is not yet disclosed, there is a high speculation that payment will be sent within 90 days after the final approval.

Who will get the payout from the CashApp Settlement?

Eligibility for the CashApp Settlement Payout is available below.

  • Present and former users of Cash App or Cash App Investing within the aforementioned time frame i.e. August 23, 2018, and August 20, 2024
  • Those whose accounts were accessed without authorization. For example, if unauthorised transactions or withdrawals were made, that is an instance of your account safety being breached.
  • Claimants must ensure that supporting documentation shows proof for their case.

How much claimants will get from the CashApp Settlement?

The settlement via the Cash App class action suit could offer claimants a chance to recover compensation for the losses. Here is what class members might get back:

Out of Pocket Losses

  • Claimers are entitled to up to $2,500 for unreimbursed loss as a result of an unauthorised transaction or security breach. 
  • In basic terms, when you have spent money on things like credit monitoring and protection against identity theft regarding the illegal access, you can file a claim for it. 
  • Be sure to clearly document your losses so that you can be reimbursed for the maximum amount possible.

Lost Time Compensation

  • In addition to the actual losses, the settlement recognizes the time and hassle people wasted working through the impacts of unauthorised access. 
  • Class members can be reimbursed for a maximum of three hours of lost time working on such problems. 
  • This is worked out at an hourly rate of $25; therefore, you may recover up to $75 of your time. 
  • For this refund, you will need to provide a brief explanation of the number of hours worked and a summary of the steps you took to resolve the issue.

Transaction Losses

  • If you have incurred some sort of transaction losses, evidenced by a report, from unauthorised access, then you can claim for such.
  •  It is important to note that such should be accompanied by third-party supporting documentation, like bank statements or transaction records, to be considered valid.

What one needs to do to get payout from the CashApp Settlement?

Individuals who meet the certain eligibility to get the payout from the CashApp Settlement required to do follow the instructions given below.

  • Class Members must mail or email a completed claim form no later than November 18, 2024. You can submit your claim in one of the two following options:
  • Online: You can complete and submit your claim form online on this website.
  • By Mail: If you would like to file a paper copy of the claim form, sign your name on the claim form, fill it out, and mail it to: 
    • Cash App Settlement
    • Attn: Claim Form Submissions
    • 1650 Arch Street, Suite 2210
    • Philadelphia, PA 19103
  • If you have more than one Cash App account, you can include all information on the same claim form for your convenience.
  • You must also be able to append supporting documentation to your claim form that shows proof of your claim. This may be inclusive of:
  • Receipts of out-of-pocket expenses you may have incurred while rectifying the issue of unauthorised transactions
  • A police report if you filed a report about an incident of fraud
  • Bank statements or other records showing unauthorised withdrawals or transfers.
  • Full documentation will support your claim for maximum compensation due to you.
  • Submit your claim form by the end of the day on the submission deadline. 
  • If you are submitting online, follow the website instructions. If you mail, be sure that it is postmarked by November 18, 2024.

To Get Relevant Information. Go to NCBLPC Homepage.

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