Overview of the Cash App $12.5M settlement
The Cash App $12.5M settlement resolves a class action complaint alleging certain improper fees or practices. The settlement fund of $12.5 million will be used to pay eligible claimants, fees, and administrative costs.
This article explains who is eligible, how the $147 payments were derived, how to file a claim, and what proof you may need. Read this to decide whether you should claim or opt out.
Who is eligible for the Cash App $12.5M settlement?
Eligibility typically covers people who used Cash App during a stated period and experienced the specific fee or practice named in the lawsuit. The official notice or settlement website lists exact dates and actions that qualify.
Common eligibility criteria include:
- Having had a Cash App account during the class period.
- Being charged the specific fee or affected by the practice alleged in the complaint.
- Not being excluded as an identified class member in the legal notice.
How to confirm eligibility
Check the settlement notice or visit the settlement website to find eligibility tools. You may need to enter an email, phone, or transaction details to verify membership in the class.
If the notice lists multiple subclasses, verify which subclass applies to your situation because payment amounts and proof requirements can differ.
Why are payments $147?
The $147 figure is a per-claim payment estimate based on dividing the net settlement fund among approved claimants. Courts often first subtract attorney fees, administrative costs, taxes, and any incentive awards from the gross fund to create a net pool for distribution.
Factors behind the $147 estimate include:
- Total number of claimants who file valid claims.
- Administrative expenses required to implement the settlement.
- Any agreed reductions or pro rata adjustments if the number of valid claims exceeds expectations.
Payment calculation example
Example calculation: Start with $12.5 million. Subtract 30% for attorneys and administrative costs = $3.75M, leaving $8.75M. If 60,000 valid claims are approved, each claimant could receive about $145.83, often rounded to the nearest dollar, which is presented as $147 in notices to account for variations.
How to file a claim for the Cash App settlement
Filing a claim is typically online, though some settlements allow mail-in forms. Follow the settlement website’s steps to submit required information and documentation.
Typical claim steps:
- Visit the official settlement website listed in the legal notice.
- Complete the online claim form with contact and account details.
- Upload or provide any requested proof of fees or account activity.
- Submit the form before the deadline and save your confirmation number.
Documents you may need
Prepare relevant documentation to support your claim. Common documents include:
- Cash App transaction history or screenshots showing the disputed fee.
- Bank statements confirming transfers or charges.
- Emails or messages from Cash App referencing the fee or service.
Deadlines and important dates
Settlement notices include an opt-out and object deadline, and a claims filing deadline. These dates are strict: missing them can forfeit your right to payment or to challenge the settlement.
Make a calendar reminder immediately after confirming the relevant dates on the settlement website or the official notice.
Many class action settlements require claimants to affirm under penalty of perjury that their information is true. False claims can lead to denial and legal consequences.
What happens if you opt out or object?
If you opt out, you keep the right to file your own lawsuit but you will not receive a payment from this settlement. Objecting allows you to stay in the class but argue to the court that the settlement is unfair.
Consider consulting an attorney before opting out or objecting if you believe you may recover more outside the settlement.
Small real-world example or case study
Case study: Maria, a casual Cash App user, discovered a recurring fee that matched the complaint description. She downloaded three months of transaction history and filed an online claim with the settlement website. Two months later, her claim was approved and she received a $147 payment by direct deposit. Maria saved the confirmation and used the payment to cover her next phone bill.
This example shows that even small account holders can be eligible when their transactions match the settlement criteria.
What to watch for after filing
After filing, watch for official emails from the claims administrator. Beware of scams: official communications will come from the settlement administrator or court, not unknown third parties asking for extra fees.
Keep records of your submission and any approval notices. Payments are usually issued by check, ACH, or prepaid card depending on the settlement terms.
Tips to avoid mistakes
- File early—don’t wait until the last day to avoid server issues.
- Provide accurate contact information so the administrator can reach you.
- Keep copies of any uploaded documents and confirmation numbers.
Final steps and where to find more information
Visit the official settlement website linked in the legal notice for the most accurate instructions and deadlines. The site will also list contact information for the claims administrator and provide a FAQ.
If you have significant losses related to the issue, consider discussing options with consumer counsel. For routine claims, follow the online process and retain your confirmation records.
Following these steps will help you confirm eligibility, file correctly, and maximize the chance of receiving the estimated $147 payment from the Cash App $12.5M settlement.