It’s easier to share money nowadays thanks to peer-to-peer payment apps. Many apps or app features let you send or receive funds fast. They’re easy and quite convenient to use. If you’re looking for the best payment apps for 2021, then Cash App should be on top of your list.
What is a Cash App?
Cash App, also known as Cash app by Square and Square Cash, is a free app that’s available for both Apple and Android smartphone users. Twitter’s co-founder, Jack Dorsey, launched the app in 2009. It lets you send, receive, and request funds from other people. Cash App has become one of the top apps on Google Play and App Store.
You need to be at least 18 years old and a US resident to use the app in the United States. The app is also available in the UK. These are the only 2 countries where Cash App works. You cannot use Cash App to send money internationally, i.e., it only works within the country you have registered or used the app. The rest of this article is specific to the US only although there will be some similarities in the UK.
To become a verified user, you must provide your full name, date of birth, and the last four digits of your Social Security number.
You’ll need your phone number or email address to create an account and you’ll be assigned a unique $Cashtag. After signing up, you can request a free Cash App card.
What is a Cash App Card?
A Cash App card works like a debit card. It allows you to use the balance on your Cash App to pay for goods and services at stores that accept Visa and Mastercard cards. It’s the perfect option if you don’t want to use the funds in your bank account or credit card for your financial transactions because you’re tired of paying fees or to avoid identity theft problems.
How to Load Money on a Cash App Card?
It’s simple to add funds to your Cash App card.
- Click on the “My Cash” tab on the bottom left corner of your screen
- Select “Add Cash”
- Key in the amount you want to add
- Click “Add”
- Enter your PIN or TouchID to confirm
The funds that you add to your card may come from your bank account, debit card, or credit card, depending on which one you linked to your Cash App.
If you linked multiple bank accounts, debit cards, or credit cards, you can choose the one where the funds will come from. After successfully adding the money, it’ll be added to your balance in the Cash App and the Cash App card.
How to Activate a Cash App Card?
There are two ways to activate your Cash App card. You can use the QR code that comes with your card or the CVV number located at the back.
To activate using a QR code:
- Open the Cash App
- Tap the Cash Card tab
- Tap the Cash Card image
- Select “Activate Cash Card”
- Click OK.
To activate using the CVV:
- Open the Cash App
- Tap the Cash Card tab
- Tap the Cash Card image
- Choose Activate Cash Card
- Select Use CVV
- Add the CVV code and expiration date of the Cash App card.
How Do You Link a Bank Account WITH a Debit Card to Your Cash App Card?
- Open Cash App
- Open the “My Cash” tab (building icon)
- Click “Add a Bank”
- Add the required debit card information.
- Click the “Add Card” option located at the bottom right side screen.
How Do You Link a Bank Account WITHOUT a Debit Card to Your Cash App Card?
- Open Cash App
- Open the “My Cash” tab (building icon)
- Click “Add a Bank”
- Click the “No Card” option located at the bottom left side of the screen
- Choose from the list of banks supported by Cash App.
- Enter all the information required
- Follow remaining instructions to link a bank account to Cash App
How Do You Add a Credit Card to Cash App?
- Open Cash App
- Click on “Banking”
- Tap the “Add Credit Card” option
- Enter credit card information
- Click “Add Card”
Note: You can only add a credit card after you’ve successfully added a bank account.
Does Cash App Support Bitcoin?
Yes. You can add bitcoin to your Cash App account.
- Open Cash App
- Tap the “Banking” icon
- Choose “Bitcoin”
- Select “Deposit Bitcoin”
- Share, scan, or copy your Cash App Bitcoin address with an external wallet
- Key in your PIN or TouchID to confirm
You can deposit up to $10,000 worth of Bitcoin within 7 days.
Can You Add Money to Your Cash App Card Through Physical Retail Stores?
Can I load my Cash Card Card at Walgreens? Can I load my Cash Card at Dollar General? Yes, you can add funds to your Cash App card from physical stores. You can do that at 7-Eleven and Walmart stores, too. Just reach out to the cashier at the cash counter. They may charge a fee for this transaction.
Can You Dispute a Cash App Card Transaction?
If you notice an unauthorized transaction on your Cash Card or if you have problems with a recent transaction, you can file a dispute through the Cash App.
- Launch Cash App
- Go to the Activity tab
- Choose transaction you want to dispute
- Tap Need Help & Cash App Support
- Select Dispute this Transaction
The Cash App team will conduct an investigation and file a dispute with the Visa or Mastercard network. The merchant will also review the transaction. You will be notified via email about the card network’s decision regarding your dispute. You’ll receive a refund if your dispute was valid. It can take 10 days to complete the whole process.
What If You Lose Your Cash App Card?
If you lose your Cash App card or card number, or if someone made an unauthorized money transfer from your card, you need to get in touch with Cash App’s customer service. Call 1-855-351-2274. You can request a replacement through the app.
- Open Cash App
- Choose “Cash Card” tab
- Tap “Cash Card” icon
- Choose “Report Card Lost” or “Stolen”
- Follow the instructions
Is It Safe to Use Cash App?
Since its launch in 2009, Cash App earned PCI Data Security Standard Level 1 compliance, which means it has met the standards of data security within the payment industry. All financial transactions within the app are encrypted. But you also have to do your part to keep it safe. Never share your PIN with anyone. Enable two-factor authentication and biometrics. Likewise, keep your transactions among people and entities you trust.
Are There Transaction Limits When Using the Cash App Card?
Yes. Non-verified accounts can send up to $250 per week and receive $1,000 per month. Meanwhile, verified accounts can send up to $2,500 per week and receive unlimited amounts. To verify your account, you have to provide information, such as your full name, date of birth, and the last four digits of your Social Security number. You can withdraw funds from your Cash App balance through ATMs, but there are limits, too. You can only withdraw a maximum of $310 per transaction and up to $1,000 per week.
What are the Cash App Card Fees You Need to Know?
You can request a Cash App card for free. There’s no monthly maintenance fee, and it’s free to add cash to your card. There’s a $2 fee when you withdraw funds from your Cash App balance through a Visa ATM network or non-VISA ATM network.
You can avoid ATM fees if you set up paycheck direct deposits to your Cash App account. You will get a reimbursement for up to three ATM withdrawals for a 31-day period if you set up a paycheck direct deposit of at least $300 per month in your Cash App account. There’s maximum reimbursement of $7 per withdrawal or $21 for three ATM withdrawals for 31 days.
Standard money transfers to a bank account are free. The process takes one to three days to complete. Meanwhile, there’s a 1.5% fee if you opt for an instant transfer of funds from your Cash App to your linked debit card. Paying by credit card comes with a 3% fee while paying by bank account or debit card is free.
Can You Request a Secondary Cash App Card?
No. You can’t request an additional Cash App card for another person. If you allow someone else to use your Cash App card, you will be liable for the transactions, purchases, and fees incurred by the said person. Cash App will only consider a transaction as unauthorized after you notify their customer support about it.
Where Can You Get a Copy of Your Transaction History for Cash App?
You can call 1-855-351-2274 if you want to know how much you have left on your Cash App card. You can also check online at https://cash.app/ or on the app for your available funds, along with your transaction history for 12 months.
If you want a written history of your transactions for 24 months, you can also call 1-855-351-2274.
You can also send a written request to the Customer Support – Legal department of Cash App. Mail it to :
Square, Inc.
1455 Market Street, Suite 600,
San Francisco, CA 94103, USA
Conclusion
You can use various payment apps these days, including Cash App, which is a free service that makes sending and receiving money a breeze. You can easily transfer money from your bank account, credit, or debit card. You can request a Cash App card, which you can use to make purchases and transactions in stores that accept Visa cards. You can make ATM withdrawals from your Cash App balance using your Cash App card. Additionally, you can set it up to receive direct deposit payments.
Aidan has been writing about personal finance for over 6 years. Prior to this, he worked as a Corporate Finance Analyst where he specialized in Due Diligence, Company Valuations and more. He is a CFA charterholder.
