Family Accounts Overview (2024)

Sponsored Accounts

If you are a parent or guardian with a verified Cash App account, you can invite someone between the ages of 13 and 17 to use Cash App and access features like P2P transactions (including recurring allowance payments), Cash App Card, Cash App Pay, direct deposit, Boost, bitcoin*, and stocks.

Once you sponsor their account, you become the legal owner of the sponsored account and the person you sponsor will be considered an authorized user of your sponsored account. Sponsors can track activity in the app, and turn specific features on/off. Sponsors may also cancel sponsorship at any time by contacting Cash App Support.

Cash balances (including Savings) of both sponsored accounts and their sponsors are FDIC insured up to $250,000 through our partner banks. If you have multiple Cash App accounts, and/or multiple sponsored accounts, they are included under the same insurance coverage. After sponsorship ends, if they do not have a Cash App Card, sponsors will need to order one to maintain FDIC coverage. Bitcoin and investing balances are not covered by FDIC insurance.

Brokerage services by Cash App Investing LLC, member FINRA/SIPC, and a subsidiary of Block, Inc. Investing and purchasing bitcoin involves risk; you may lose money. Bitcoin trading is offered by Block, Inc. Cash App Investing does not trade bitcoin and Block, Inc. is not a member of FINRA or SIPC. For additional information, see the Bitcoin and Cash App Investing disclosures.

Cash App Investing is a self-directed service; you are solely responsible for orders placed through your account. Cash App Investing does not provide investment advice or recommendations.

Fractional shares investing may involve additional risks such as non-transferability. For additional information regarding the unique risks and limitations of fractional shares, please see your Investing Customer Account Agreement.

Debit cards issued and banking services provided by Cash App’s bank partner(s).

Family Accounts Overview (2024)

FAQs

Can I link someone else's bank account to my Cash App? ›

Can I Link Someone Else Bank Account To Cash App? Yes, you are able to link someone else's bank account to Cash App if you are allowed and authorized by the owner to do so. Meaning you are actually doing that on their behalf.

Can I make a Cash App for my child? ›

A parent or guardian with a verified account can also invite someone between the ages of 13 and 17 to create a Cash App account and manage money together. To invite someone between the ages of 13 and 17, follow these steps in-app: Tap the Profile Icon on your Cash App home screen. Select Family.

What does it mean to sponsor someone on Cash App? ›

Sponsored Accounts

Once you sponsor their account, you become the legal owner of the sponsored account and the person you sponsor will be considered an authorized user of your sponsored account. Sponsors can track activity in the app, and turn specific features on/off.

How do I add multiple bank accounts to Cash App? ›

To add a bank to your Cash App:

Tap the Profile Icon on your Cash App home screen. Select Linked Banks. Tap Link Bank. Follow the prompts.

How to get free money on Cash App? ›

By leveraging referral programs, cash back offers, participating in surveys and promotions, and staying informed about Cash App events, you can increase your chances of acquiring free money through the app.

How do I remove my family account? ›

Remove.
  1. Open the Google Play app .
  2. At the top right, tap the profile icon.
  3. Tap Settings Family. Manage family members.
  4. Tap your family member's name.
  5. At the top right, tap More Remove member. Remove.

How to check someone else's Cash App balance? ›

To do this, simply open the app and enter the login credentials for the other person's account. Another way to check someone else's Cash App balance is by requesting a statement from them. The statement will provide details of all transactions made using that particular card including the remaining balance amount.

How does the family Cash App work? ›

Everyone 13 and up can start using Cash App when sponsored by a parent or guardian. Family members get financial tools you decide they're ready for. Sponsors can guide the way with controls and visibility. Everyone 13 and up can send and request money, deposit cash, withdraw from ATMs anywhere, and lots more.

Is it illegal to have Cash App under 13? ›

Anyone 13+ can create a Cash App account. Customers 13-17 can get access to expanded Cash App features in the US with a sponsored account.

Can my parents see my Cash App transactions? ›

Unlike Venmo, your transactions are private information that only you can see once you log into your phone. This wikiHow article will go over the reasons why you don't need to delete your Cash App history.

Can I set up a Cash App for someone else? ›

As long as you have their permission and information, you can create a new Cash App account for a friend or family member. You can create the new account on your own device, but the other user will need to download the app to manage their Cash App account.

Can I transfer cash to someone else's bank account? ›

Direct bank deposit

You'll need the recipient's full name and bank account number to complete the deposit. However, some banks have restricted cash deposits into someone else's account. Handling cash can lead to fraud, so banks are steering clear.

Can someone send me money from their bank account to my Cash App? ›

Link a bank account:

Cash App works better when you link an existing bank account. Once you do, you can add money from your bank account to your Cash App balance so it's quick and easy to send it. Linking your bank account makes receiving money easier too.

What can someone do with your routing number on Cash App? ›

Your bank account number alone is not enough for someone to withdraw money from your account. Scammers can use your bank account and routing number to commit ACH fraud, make online purchases, deposit money for illegal activities, and create fraudulent checks.

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