Overview of the 12.5M Cash App class action
The Cash App class action settles for 12.5 million to resolve claims tied to certain account and payment practices. A settlement fund has been approved and eligible class members may receive a fixed payment, commonly reported as 147 per eligible person.
This article explains who is eligible, how payments will be distributed, and the steps to check or claim a payment. The goal is practical guidance for recipients and potential claimants.
Who is eligible for the 147 payments
Eligibility depends on the court-approved class definition. Typical factors include account activity dates, geographic limits, and the specific harms alleged in the lawsuit.
Common eligibility criteria in this type of settlement include:
- Having a Cash App account during the stated settlement period.
- Performing one or more covered transactions identified in the case.
- Residing in an included state or jurisdiction at the time of the transactions.
How to confirm eligibility
Check the official settlement notice, settlement website, or court documents for the precise class definition. Notices often list the timeframe and transaction types that qualify.
If the notice is unclear, look for a toll-free number or an email contact on the settlement website to ask whether your account activity is covered.
How payment amounts were estimated
The final 147 payment per person reflects a simple division of net settlement funds among approved claimants, after fees, notice costs, and any incentive awards are deducted. The exact amount can change slightly based on the number of timely claims.
Key points about distribution math:
- Total settlement amount: 12.5 million before deductions.
- Allowable deductions: attorneys fees, administration costs, and court-approved awards.
- Net fund: what remains is divided by the number of eligible claims to produce the per-person payment.
How distribution will work
Distribution is managed by a claims administrator appointed by the court. Typical steps include notice, claim filing, verification, and payment.
Standard distribution methods include:
- Direct deposit or ACH to a verified bank account.
- Paper check mailed to a verified address.
- Payment through the original payment platform when feasible.
Timeline for payments
Expect these phases and rough timing once the settlement is final:
- Notice period: several weeks for mail, email, and publication notices.
- Claims filing window: typically 60 to 120 days after notice.
- Claims review and verification: a few weeks to a few months.
- Distribution: issued after verification, often within 30 to 90 days.
How to file a claim or object
If you believe you are eligible, follow the official claim form on the settlement website. Pay attention to deadlines and required documentation.
Steps to file a claim:
- Visit the official settlement website listed in the notice.
- Complete the online claim form or download and mail a paper form.
- Provide account details, transaction dates, and any requested proof.
- Submit before the claims deadline and keep a copy of your submission.
If you disagree with the settlement or want to object, the notice will explain how to submit a written objection and the deadline to do so.
The per-person payment can change if more people file valid claims than the parties initially estimated. Registering a claim early does not affect your chance to receive the full share of the net fund.
Practical tips for claimants
Follow these tips to improve the speed and accuracy of your payment:
- File online if the option exists; digital submissions are processed faster.
- Use the same name and address on your claim that appears in your Cash App account records.
- Keep screenshots or records of the notice, claim confirmation, and any correspondence.
- Watch for official emails from the claims administrator to avoid scams.
What to watch out for
Fraudsters may contact people claiming to help with settlement claims. The official notice or settlement website will list the authorized administrator contact info. Do not pay anyone to file your claim.
Also, be cautious about sharing full bank login credentials. Legitimate administrators may ask for routing and account numbers for direct deposit verification, but not passwords.
Real world example
Case study: Maria, a Cash App user, received a mailed notice listing the class period and an online claim portal link. She filed the claim within three weeks, entered her account email and address, and chose direct deposit. Eight weeks after filing, she received a deposit for 147. Maria kept copies of the notice and confirmation emails in case of future questions.
Frequently asked questions
What if I move after filing a claim? Update your contact info with the claims administrator as soon as possible. Unclaimed funds are sometimes returned to the administrator and can be claimed later if procedures allow.
Can I opt out and sue separately? The notice describes opt-out rights if you prefer to pursue separate litigation. Opting out disqualifies you from receiving a settlement payment.
Next steps
Locate the official settlement notice, read the eligibility rules, and file a claim before the deadline if you qualify. Keep documentation and use the official administrator contact for questions.
Staying organized and following the administrator instructions will help ensure you receive any payment you are entitled to under the Cash App class action settlement.
