This guide explains the 147 Cash App checks class action settlement worth $12.5M. If you saw a payment or notice about a Cash App check labeled 147, this article walks you through eligibility, claim steps, timelines, and realistic expectations.
What are 147 Cash App checks?
“147” refers to a category of transaction identifiers used by Cash App in certain checks or reversal notices. The class action alleged these checks or notices caused confusion or incorrect fees for some users.
In response, the company agreed to a $12.5 million class action settlement to compensate affected users and change certain practices.
Why the class action happened
Plaintiffs said Cash App’s handling of these checks led to wrongful holds, unclear reversal codes, or lack of sufficient notice to users. The suit focused on consumer harm and sought monetary relief for people impacted by the 147-coded activity.
Settlements in cases like this usually resolve claims without an admission of wrongdoing and set terms for payments and operational changes.
Who is eligible for the settlement?
Eligibility criteria are set by the settlement notice and usually include:
- Users who received a Cash App check or notice with the 147 code during specific dates listed in the settlement.
- Users who experienced a fee, hold, reversal, or related harm connected to that 147 activity.
- People who did not opt out of the class during the claim period.
Always check the official settlement page or notice for exact date ranges and definitions of the class.
How the settlement defines 147 Cash App checks
The legal definition in the notice covers checks and transaction messages that referenced “147” as a code or identifier and caused the alleged issues. If a notice you received matches the sample in the settlement materials, you are likely in the class.
How to claim and important dates
Most settlements offer a claims portal, instructions by mail, and deadlines. Typical steps:
- Visit the official settlement website listed in the mailed notice or class notice email.
- Complete the online claim form or mail a physical claim by the deadline.
- Provide required details: name, email, Cash App account ID or phone number, and documentation if requested.
Key dates to watch: claim filing deadline, objection deadline, and final approval hearing date. Missing the claim deadline usually forfeits your right to payment.
How much you might get from the $12.5M settlement
The total fund is $12.5 million, which will be divided among approved claimants after administrative fees and attorney costs are deducted. Payment amounts depend on the number of valid claims and the formula in the settlement.
Common distribution methods include flat payments, tiered payments based on harm, or pro rata allocations.
Example payout scenarios
- If 100,000 claimants file valid claims and 20% of the fund goes to fees, each claimant could receive roughly $100.
- If 20,000 claimants submit valid claims with the same fee structure, each claimant could receive roughly $500.
These are only illustrative. Check the official settlement notice for the actual distribution formula.
Documentation and proof to include
To support a claim, gather transaction records and communications from Cash App showing the 147 identifier, fee receipts, and any bank statements that reflect reversals or holds.
Examples of valid documentation:
- Screenshot of the Cash App transaction or notice with the 147 code.
- Bank or Cash App statements showing the fee, hold, or reversal.
- Email or in-app messages from Cash App describing the issue.
Class action settlements often include both cash payments and non-monetary relief, such as changes in company practices or clearer notice language to prevent future problems.
Distribution method and timeline
After claims are validated, the settlement administrator will calculate payments. Expect these stages:
- Claims review and validation (weeks to months).
- Calculation of pro rata or tiered payments.
- Mailing or electronic distribution of checks or direct deposits.
Some payments are electronic; others come as mailed checks. Keep your contact details current with the claims portal.
Case study: Maria’s claim
Maria received a Cash App notice showing the 147 code and experienced a 48-hour hold on a deposit during the class period. She saved a screenshot of the notice and downloaded her Cash App transaction history.
She filed a claim online, uploaded the screenshot and transaction log, and received confirmation. After claims were processed, Maria got a $215 payment by check. Her case shows why timely documentation and accurate submission matter.
Common questions
Will filing a claim affect my account? No. Submitting a settlement claim is a civil procedure and does not change the status of your Cash App account.
Can I object or opt out? Yes. The settlement notice explains how to object if you disagree with the terms or opt out if you prefer to sue independently. Opting out usually removes you from the class benefits.
Next steps and practical tips
- Read the official settlement notice carefully before filing a claim.
- Keep digital and printed copies of all supporting documents.
- File your claim before the deadline and check the administrator site for status updates.
- Beware of scams: only use the official settlement portal listed in the notice.
If you have complex losses or legal concerns, consult a consumer attorney. Otherwise, follow the claims process and keep copies of everything you submit.
This guide summarizes the 147 Cash App checks settlement process and offers practical steps to claim your share. For exact legal language and deadlines, always refer to the official settlement website and notice documents.
