Learn how to apply for the Cash App account
Cash App provides quick and secure money transfers without any additional fees and enables users to make P2P payments, set up direct deposit, and participate in Bitcoin trading.
Creating a Cash App Account: A Step-by-Step Guide
Cash App, formerly known as Square Cash, was established in 2013 with the purpose of enabling direct payments between individuals through email, utilizing peer-to-peer payment technology. Over the years, Cash App has become one of the largest payment processing companies in the United States, with more than 50 million users, predominantly based in the US. Of these users, 13 million have a Cash App Card, which functions similarly to a regular debit card.
With its user-friendly interface, Cash App allows users to easily manage their balance, transfer funds, and even invest in the stock market or Bitcoin, all within a single app.
Who is Eligible for a Cash App Account?
Individuals who are at least 13 years old can apply for a Cash App account. Users between the ages of 13 and 18 must obtain consent from a parent or guardian to access advanced Cash App features, such as peer-to-peer transactions, direct deposits, and a Cash Card. However, features like investing and Bitcoin trading are exclusively available to users who are at least 18 years old.
What are the Costs Associated with a Cash App Account?
Opening and maintaining a Cash App account is free of charge. However, depending on the usage, users may incur certain fees, such as 3% fee for sending money via credit card, 0.5% to 1.75% fee for instant transfers (minimum of 25 cents), 2% to 3% fee for buying or selling cryptocurrency, and a $2 to $2.50 fee per ATM withdrawal. Cash App reimburses up to $7 in fees per withdrawal, up to three times every 31 days, if the user receives $300 or more in qualifying direct deposits per month.
How to Get Started with Cash App
Cash App is available for download on the Apple App Store and Google Play. To create an account, follow these steps:
- Launch Cash App on your mobile device.
- Enter your phone number or email address to create an account.
- Verify your account by entering the secret code sent via text or email.
- (Optional) Invite friends to join Cash App and earn cash.
- Link your bank account to Cash App by entering your debit card information.
- Select a unique username called “$Cashtag” for sending and receiving money.
- Provide your zip code.
- Start using Cash App!
Ordering a Cash Card
- Open the Cash App home screen and tap on the Cash Card tab.
- Select “Get Cash Card.”
- Follow the provided steps to order a Cash Card.
Note that Cash Cards are available for users who are 18 or older. The cards usually arrive within 10 business days and can be used immediately by adding them to Apple Pay or Google Pay or using the card details provided in the Cash Card tab.
Contacting Customer Service
If you need assistance with your Cash App account, you have three options:
- Use the in-app chat feature to contact Cash App support.
- Call Cash App Support at 1 (800) 969-1940, from Monday to Friday, between 9:00 am to 7:00 pm EST.
- Reach out to Cash App through their social media channels.
Cash App vs. Venmo: Which One Should You Open?
When deciding between Cash App and Venmo, there are several factors to consider, including your individual lifestyle and financial preferences. Both apps offer convenient ways to send and receive money with minimal fees. However, there are some differences to note. For instance, Cash App is more suitable for cryptocurrency enthusiasts, while Venmo offers a wider range of stock investment options. Furthermore, Cash App allows for international transfers to the UK, whereas Venmo is limited to US transfers. It’s worth exploring both apps to determine which aligns better with your needs.
To learn more about Venmo, click the green button below!
