The Evolve Bank issues the Zil visa card under a license from Visa U.S.A. Zil Banking service technology is provided by Evolve Bank & Trust, an FDIC Member. Zil banking service can locate at and fintech solutions at. Payments will be distributed "as soon as possible," according to the settlement suit.Zil Money Corporation, a financial technology company, provides cloud-based online banking and financial management services. There may be appeals or objections, however. When will my payment from the Apple iCloud settlement arrive?Īccording to the terms of the settlement, payments should be distributed to eligible users within 90 days of the final approval on Aug. If you no longer have a monthly iCloud subscription you will receive a physical check in the mail or an electronic transfer directly into your bank account.
Cloud money transfer plus#
If you still have a monthly iCloud Plus subscription, your payment will appear as a credit on your Apple account. Read more: Apple Sued Over Access to Apple Pay Monopoly in iPhone Mobile Walletĭon't expect to retire on the payout, though: Between 20, a monthly iCloud subscription ranged from 50GB of storage for 99 cents to 200GB for $2.99 to 1TB for $9.99.
The exact amount of individual payments depends on how much storage you paid for, how long you had your subscription and the total number of people participating in the claim. The settlement agreement sets a cap of $2.4 million to cover "all costs and expenses related to the settlement administration functions to be performed by the Settlement Administrator." Lawyers for the plaintiffs requested $4.93 million, or one-third of the settlement, in attorneys' fees, but the court awarded them $3.7 million, or 25% of the settlement amount. How much will reach class members, though, will be determined after attorneys' fees and administrative costs are deducted. The gross amount approved in August for the iCloud settlement is $14,800,000.23. As long as the email you used to sign up for iCloud Plus storage is still active, you should have received a notification that you are an eligible recipient, or "class member." How much money could I get from Apple? However, most subscribers didn't have to file a claim to benefit from the settlement. The deadline has passed to submit a claim if you didn't receive a notification but believe you are eligible. 31, 2016, and had a US mailing address associated with their account.Īccording to Apple, nearly 16.9 million people qualify as eligible class members.ĭuring the settlement administration process, 20 people requested exclusion from the suit, although Apple accounts could only be verified for seven of them. The settlement includes US residents who paid for an iCloud Plus subscription any time between Sept. Who could receive a payment from the iCloud storage settlement?
The alleged misrepresentation allowed Apple "to charge a premium for its iCloud service because subscribers placed a value on having the 'Apple' brand as the provider of the storage service," according to the suit.Īpple's agreement to the settlement was not an admission of wrongdoing, the company said in filings. In their complaint, the plaintiffs allege Apple "lacked the necessary infrastructure" to run iCloud and misrepresented the nature of its service, "merely reselling cloud storage space on cloud facilities of other entities."Ĭustomers wouldn't have paid for a subscription if they knew Apple wasn't providing storage directly, they claim, or they would have expected to pay a lot less. (The current iCloud customer agreement does refer to third-party servers.)Īpple did not respond to a request for comment. Apple alleged Apple used outside servers to store data but made no mention of that fact in its marketing materials or terms and conditions. Apple iCloud's basic edition comes with 5GB of storage, but additional space requires a paid iCloud Plus subscription. The class action lawsuit claims the company stored iCloud subscribers' data on third-party servers without telling them. If you paid for an Apple iCloud Plus subscription in 2015 or 2016, you might be one of the people receiving payments, which are expected to arrive soon (more details below). But if you're eligible to be part of a $14.8 million settlement, there's one more reason to keep tabs on the iPhone-maker.
Cloud money transfer series#
This story is part of Focal Point iPhone 2022, CNET's collection of news, tips and advice around Apple's most popular product.Īll eyes are on Apple Wednesday as the trillion dollar company is set to unveil the iPhone 14, a new Apple Watch series and more.
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