Cash App users could be entitled to a payout from a $15 million settlement resolving a class-action lawsuit—here’s what you need to know and how to claim your money before the deadline.
What Is the $15 Million Cash App Settlement About?
The settlement stems from a class-action lawsuit alleging that Cash App’s parent company, Block, Inc. (formerly Square, Inc.), failed to properly disclose fees and interest tied to instant deposits and other services. While the company denies wrongdoing, it agreed to a $15 million payout to resolve the dispute.
If you used Cash App’s instant deposit feature between January 1, 2018, and October 31, 2023, you may be eligible for a payout.
Who Is Eligible for the Settlement?
To qualify for a payment from the settlement, you must:
- Have used Cash App’s instant deposit service during the period listed above
- Be a U.S. resident
- Not have opted out of the class action before the deadline
You don’t need proof of purchase or detailed records to file a claim—just a valid email or Cash App account linked to eligible transactions.
How Much Will You Receive?
The exact amount depends on how many valid claims are submitted. According to the settlement website, payments are estimated to range between $10 and $50 per user, though this could be higher or lower depending on participation.
| Claim Type | Estimated Payout |
|---|---|
| Basic Claim | $10–$20 |
| Frequent User Claim | $30–$50 |
Users who used instant deposit more frequently may qualify for larger payments.
How to File Your Claim
Filing your claim is quick and easy. Just follow these steps:
- Visit the official settlement website: CashAppSettlement.com
- Click on “File a Claim”
- Enter your Cash App username or registered email
- Provide the required information
- Submit the form before the filing deadline: August 19, 2025
You can also choose to receive payment through direct deposit, PayPal, Venmo, or a mailed check.
Key Deadlines to Remember
| Action | Deadline |
|---|---|
| File a Claim | August 19, 2025 |
| Opt Out of Settlement | July 15, 2025 |
| Final Approval Hearing | September 25, 2025 |
Missing the deadline could mean giving up your right to receive compensation.
What If You Do Nothing?
If you don’t file a claim, you won’t receive a payment—but you’ll still be legally bound by the settlement and give up the right to sue separately. If you want to keep your right to sue Cash App in the future, you must opt out by the opt-out deadline.
Taking action now is the only way to claim your share of the settlement.
The $15 million Cash App settlement offers eligible users a chance to recover some of the fees they paid over the years. With a simple claims process and multiple payout options, it’s worth checking whether you qualify and filing your claim before the deadline.
FAQs:
Is this settlement real?
Yes, this is a legitimate class-action settlement approved by the court.
Do I need a lawyer to file a claim?
No, you can file your claim online without legal assistance.
Will filing a claim affect my Cash App account?
No, your account will remain unaffected.