How To Set Up & Use Cash App on Your Mobile Phone
Cash App is a mobile payment service where users can send money to friends and family or pay vendors and merchants.
What Does Cash App Do?
With Cash App, you have many tools in your grasp to help you not only save money but also invest it. Stay connected with your friends or family as well, in case you ever need to send cash their way. Here are some of the best features that Cash App offers:
- Buy Bitcoin
- Earn rewards
- Send and receive funds instantly
- Sign up with your existing bank card
- Receive payments via direct deposit
- Add recurring cash into your own account
Cash App also offers the Cash Card, which is a free, customizable debit card that is connected to users’ Cash App balance.
How Does Cash App Work?
You can transfer funds to any Cash App user, as long as you know their phone number, email address or unique $cashtag. A $cashtag is the unique Cash App username each person creates when setting up an account. You can add funds to your Cash App account using a linked bank account or a Visa, MasterCard, American Express or Discover debit card.
Cash App’s Expansion
On April 3, 2018, Cash App became available for users who live in the United Kingdom. Those living in the U.K. can link their bank accounts to the app to seamlessly transfer funds to others who have the app.
Although the U.S. and the U.K. both have access to the Cash App and its features, money cannot be sent between the two countries. You can send money to anyone, even if they don’t have a Cash App account. They’ll receive a signup notification via the method you used and if they don’t accept the money after a period of time, it will expire and you’ll keep your money.
How To Set Up Cash App
Follow these step-by-step instructions to set up Cash App on your Android or iOS smartphone and send your first payment.
How To Sign Up
- Download Cash App to your smartphone.
- If this is your first time using the app, you will be required to enter a phone number or email login ID. Choose how you prefer to receive verification codes from Cash App. You will then be sent a code to verify your account.
- Verify your account by entering the code that was sent to you.
- After verification, choose whether to add a bank account immediately or skip it and do it later. To add a bank, you will need to enter your debit card number and name as it appears on the card. Please note that a credit card will not work.
- Choose a $Cashtag, which is your unique identifier in Cash App and it can also be used to get paid by someone. A $Cashtag must include at least one letter and a maximum of 20 characters.
Once you sign in to your Cash App, you can manage your account, view transaction history and send payments.
When you first open a Cash App account, it will be a “restricted account.” This account has all features and functionality but you cannot make a payment to another Cash App customer. With a restricted account you may link an external, U.S.-issued bank account to make a payment to another Cash App customer and you may transfer money from your Cash App balance to your bank.
If you have a restricted account and you attempt to make a payment to another Cash App customer, you will be given the option of upgrading to an “unrestricted account.” To upgrade, you will need to provide certain personal information so that Cash App can verify your identity.
How To Use Cash App
Before you make payments using your app, you need to have already set up a debit card or other type of funding source. To load money on Cash App, tap the Banking tab in your app and input how much cash you’d like to add from your linked bank account.
How To Verify Your Cash App
The Cash App verification process is easy and straightforward for everyone. The verification process requires personal information as well as your Social Security Number (SSN). Follow these steps below:
- Log into your Cash App.
- Tap your profile at the top right corner.
- Scroll down and look for the ‘Personal’ tab from the drop down menu.
- A screen with pop up asking you to enter the following: D.O.B, billing address and SSN.
- Save the changes and proceed.
- Wait up to 24 hours to confirm your verification.
How To Send Money
To send a payment, follow these steps:
- Open Cash App.
- Enter the amount.
- Tap “Pay.”
- Enter an email address, phone number or $Cashtag.
- Enter what the payment is for.
- Tap “Pay.”
Ensure you get everything right, as Cash App to Cash App payments are instant and usually can’t be canceled. Refunded payments are generally returned instantly to your Cash App balance.
How To Receive Money
When someone sends you money, you receive a notification in your activity feed. To review the payment, select the activity tab. Then tap on the payment you want to see.
You can cash out and send the money to your linked bank account or spend it with your linked debit card. Follow these steps to cash out:
- Tap the “Balance” tab in the app.
- Press “Cash Out.”
- Enter the amount of cash you want.
- Select a deposit speed.
- Confirm your identity via a PIN or touch ID.
There are two speed options. Standard deposits take one to three business days to process. Instant deposits are credited to your debit card immediately. Note that standard deposits are free but there is a fee for instant deposits.
How To Use the Cash App Visa Card
The Cash App Cash Card is a Visa debit card that allows you to use your Cash App balance to make purchases at retailers that accept Visa and to get your money out of an ATM. You can use the Cash App Visa debit card online and in person just like any other debit card.
Good To Know
You can order the Cash Card through the app. The card should arrive through the mail within 10 business days. You need to be 18 or over to order a Cash Card. The card, however, is not available in the U.K. like it is in the U.S.
How To Use Cash App Without the Card
You also can add your Cash Card to Google Pay and Apple Pay. Here’s how:
- Tap the “Cash Card” tab in the app.
- Tap the credit card image.
- Choose “Add to Google Pay” or “Add to Apple Pay.”
- Follow the rest of the steps to complete the process.
After you’ve set up the account, you can use Google Pay or Apple Pay when shopping at merchants that accept those payment methods.
Can You Use Cash App On Your Computer?
Cash App works both from a computer and the mobile app. Your account is accessible wherever you log in, so sending money online from a computer is the same as sending it from your phone. However, most people prefer using the app on a phone.
To make a payment on Cash App from your computer, click “New” at the bottom of the screen to open a new window. Enter an amount, write out your recipient’s email address, phone number or $Cashtag.
Use the “Pay” button to instantly transfer the money into their Cash App account. If you are requesting payment, use the “Request” button to ask the other person to send you a certain amount of money.
Do You Need a Bank Account for Cash App?
The Cash App sign-up process requires you to add a bank using your debit card. However, this is only for verification purposes, as you can receive money directly to your app and withdraw it at an ATM even if the bank account you used at sign-up is no longer in use. You don’t need a bank account to receive funds via Cash App.
What Are Cash App’s Limitations for Transferring and Receiving Money?
Cash App has a transfer limit for how much you can send and how much you can receive. Users are allowed to send up to $250 within any seven-day period and receive up to $1,000 within any 30-day period.
To enjoy Cash App without transfer limits, all you need to do is verify your identity using your full name, date of birth and the last four digits of your Social Security number.
Should You Download Cash App?
Cash App is a solid choice for peer-to-peer payments or an alternative to using your personal credit or debit card for making online purchases. Its fees are comparable to similar services. The investing and bitcoin purchase option is convenient.
However, if you’re looking for an alternative to a bank account, you might want to look elsewhere. Deposits are not FDIC insured, and it is complicated to reach a customer service representative.
Allison Hache contributed to the reporting for this article.
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