Cash App Data Breach Settlement Payments Expected This Month, Capped at $2,500 Per Claimant

Cash App users who filed claims in a class-action settlement over data-security failures should start seeing money this month. The official settlement website says payments to approved claimants are scheduled for October 2026.

The case is Salinas, et al. v. Block, Inc. and Cash App Investing, LLC. A federal court granted final approval on March 27, 2025. The review of claim-form deficiencies and appeals is finished, according to the settlement website.

What the lawsuit alleged

The 2022 suit accused Block and Cash App Investing of negligence and of breaching obligations to users. It points to two incidents.

In the first, a former Cash App Investing employee accessed customer account data without permission. That incident, disclosed in April 2022, exposed personal information of 8.2 million current and former Cash App Investing customers, according to the class-action complaint.

The second, disclosed in October 2023, involved an unauthorized user who accessed certain Cash App accounts through recycled phone numbers linked to those accounts.

The suit also covered alleged unauthorized and fraudulent withdrawals and transfers from Cash App accounts.

Block's position

Block and Cash App Investing deny the allegations and have not admitted any violation of the law. They agreed to settle anyway. Nothing in the settlement terms is a finding that the companies broke the law.

Who gets paid and how much

The window is closed. Only users who filed a claim by Nov. 18, 2024 are eligible, and the settlement administrator is not accepting late filings.

Eligible users were Cash App customers who had unauthorized or fraudulent withdrawals or transfers between Aug. 23, 2018 and Aug. 20, 2024.

Approved claimants can receive:

• Up to $2,500 in documented out-of-pocket losses, including monetary losses from transactions and certain bank fees and credit-related costs
• Compensation for up to three hours of lost time at $25 an hour, or $75 at most

Not everyone gets the maximum. Payments depend on each claim as approved and on the settlement's terms.

The $15 million is not all for users

The settlement fund totals $15 million, according to a court filing. That figure also pays for plaintiffs' legal fees and the cost of administering the settlement, in addition to valid user claims.

So the pool is smaller than the headline number. The settlement website does not break out how much of the fund goes to each category in the sources available for this report.

The math also explains why the payouts are small. A user whose claim is approved for the 3-hour time allowance alone would receive $75. Reaching the $2,500 cap requires documented losses.

Separate legal trouble for Block

This settlement is separate from other legal actions involving Block, including a $45 million multi-state settlement and federal enforcement actions tied to fraud protections and customer service.

Court filings made public this week also show the Federal Trade Commission is investigating whether Block violated consumer protection laws by failing to adequately help customers with frozen or deactivated Square accounts, according to Quartz. In those filings, the FTC asked a judge to order Block to hand over documents. Block said it has been working with FTC staff on the matter. No charges or findings have been announced in that probe.

That inquiry concerns Square, Block's merchant business, not the Cash App data claims, and it has no bearing on who gets paid in this case.

What claimants should do next

Payments are described as scheduled for October, not as already sent. The settlement website is the place to watch for payment updates. Claimants who never filed by the Nov. 18, 2024 deadline are out of luck. The website has not said how many of the claims were approved or what the average payout will be.