What are 147 Cash App Checks?
147 Cash App checks refer to settlement payments tied to a class action about account practices and fees. The term “147” comes from the settlement identifier used in court documents and notices.
These checks are part of a broader 12.5M class action settlement, where eligible users may receive a portion of the total fund based on specific eligibility rules.
Overview of the 12.5M class action settlement
The 12.5M class action settlement is a resolved lawsuit where the defendant agreed to pay a combined $12.5 million to settle claims without admitting wrongdoing. The fund pays approved claims, notice and administration costs, and any attorney fees approved by the court.
Settlement notices typically list key dates, eligibility rules, and how payments are calculated. Read notices carefully — they control your right to a check.
Not everyone who used the app during the class period qualifies. Eligibility often depends on account activity, time ranges, and the type of transactions you made.
Who is eligible for 147 Cash App checks?
Eligibility rules come from the court-approved class definition. Common requirements include:
- Having a Cash App account during a specific period set by the settlement.
- Engaging in the types of transactions at issue (for example, certain transfers or fee-bearing actions).
- Not being excluded by the settlement (some professionals or entities may be excluded).
Check the official settlement notice for exact dates and transaction types. If you received a notice letter or email, it should list whether you are in the class.
How the 12.5M class action settlement works
After final approval, the settlement administrator does three main things: verifies claims, distributes payments, and publishes a final report.
Key steps include claim submission (if required), review of claim validity, and issuance of checks or electronic payments. The administrator deducts approved fees for notice and administration before distributing the net amount to claimants.
Payment calculation for 147 Cash App checks
Payment amounts usually depend on a claim formula. Common approaches include:
- Flat payments for each eligible claimant.
- Pro rata payments based on proven losses or transaction counts.
- Tiered payments depending on transaction type or account history.
Expect to see a formula in the notice that explains how the settlement fund divides among approved claimants.
How to claim: steps to get your 147 Cash App check
Follow these steps to maximize your chance of receiving a payment from the 12.5M settlement.
- Read the official settlement notice and FAQ on the administrator’s website.
- Determine if you are an eligible class member based on the notice dates and transaction types.
- Complete and submit a claim form by the deadline. Some settlements use online forms; others allow mail-in claims.
- Provide supporting information if requested, like account IDs, transaction records, or bank statements.
- Monitor the administrator’s site or email for claim status updates and distribution schedules.
Documents commonly needed
- Account number or user ID tied to Cash App.
- Transaction dates and descriptions (screenshots or statements help).
- Proof of identity if requested by the administrator.
Timeline and what to expect
Typical settlement timelines run several months to over a year after final approval. Expect these phases:
- Notice and claim filing window (usually 60–120 days).
- Claim review and objections period.
- Distribution of checks or electronic payments after administration costs and fees are deducted.
Keep copies of all submissions and note deadlines to avoid missing your claim window.
Common questions about 147 Cash App checks
Q: Will the settlement cover legal fees? A: Attorney fees are often paid from the settlement fund and approved by the court, reducing the net amount for claimants.
Q: What if I excluded myself or opted out? A: If you opted out, you generally cannot claim from the settlement. If you excluded yourself incorrectly, contact the administrator immediately.
Case study: Small real-world example
Maria had an active Cash App account during the defined class period and made five qualifying transfers. She received a notice that she was an eligible claimant.
Maria submitted an online claim with her account ID and transaction screenshots. The administrator approved her claim and calculated a pro rata payment based on total eligible claims.
After administration fees, Maria received a check for $42 by mail within three months of approval. The case shows how small, validated claims still receive payments when funds are distributed pro rata.
Practical tips before you file
- Keep documentation of all relevant transactions and account identifiers.
- File claims early and follow the exact submission instructions in the notice.
- Watch for phishing: legitimate settlement notices link to the administrator’s official site and provide contact info.
- If unsure, contact the settlement administrator or consult consumer protection resources.
Following the official notice and the administrator’s instructions is the best way to secure an eligible 147 Cash App check from the 12.5M class action settlement. Keep records, meet deadlines, and verify submission receipts for the smoothest outcome.