Square’s Cash App is a popular way to send money to a friend or family member. Its popularity stems from its simplicity, it is really easy to send money to another Cash user. But how do you spend the funds in your Cash App? One option is to withdraw funds to your bank account. Alternatively, you can spend funds using the Cash App debit card. Read on to see how the Cash App debit card works.
In this article:
Square is a popular payment processor for small business, and Square Cash was developed as an easy way for one person to send money to another. Square Cash soon became Cash App. What is Cash App all about? It’s simple really, you can instantly send or receive cash using Cash App. Here’s how.
Signing up for Cash App
It couldn’t be easier. Signing up for Cash App is straightforward, just download Cash App for Android or for iOS and complete the short sign-up form. There are no fees just for signing up, and no credit checks required to become a Cash user.
Sending money with Cash
Cash requires a funding source, any US-issued debit or credit card on the AMEX, Visa or Mastercard networks are supported and you can also add money from a bank account. Simply supply your payment card details to Cash and you’re ready to go. To send money you just provide the recipient’s email address, phone number or $Cashtag. That’s all you need. When you confirm the transaction Cash will debit your payment card and send the money to the recipient.
Receiving money with Cash
You can receive money as a Cash App user simply by using your phone number or email address. However, everyone can get a $Cashtag free of charge which makes it even easier to tell your friends where to send their share of the restaurant bill to. Funds received into your Cash account can be sent to friends, withdrawn to your bank account or spent using your Cash App card.
Can’t be bothered to withdraw Cash funds to your bank account? Find a second debit card useful? You’re in luck, you can spend your Cash App funds using the free Cash App debit card, called the Cash Card. The Cash Card is a Visa debit card just like any other, but the Cash Card is separate from your bank debit card, you can only spend the cash in your Cash account with your Cash Card.
Getting a Cash Card
You must be 18 or older to get your Cash Card and the Cash app requires you to pass an ID check. In other words, be prepared to supply your full details including address and social security number. However, you don’t need to pass a credit check to get the Cash Card. Getting your card is simple, just follow the steps in the Cash app.
Using your Cash Card
The Cash Card works just like any Visa debit card, you can pay at any point of sale that accepts Visa. You can also withdraw cash using your Cash Card, up to $250 per day or $1,250 per month. You won’t pay any ATM fees over and above fees charged by the ATM itself. Lost your Cash Card? You can easily block your card in the app by toggling the “Enable Cash Card” switch to “off”.
You have three options for funding your Cash App card. First, you can top up your Cash Card using a different debit or credit card, but there may be fees involved for doing so. Next, you can add funds to your Cash Card using a bank account. Finally, most people will find that they have a Cash App balance because they received money from a friend or family member. This will also count towards the balance you can spend using your Cash Card.
At first glance Cash App looks like a solid option, enhanced by the fact that you can spend money using a Cash App debit card. But what do people think about Cash App? Does it work well in practice? Let’s take a look.
User of Apple devices like the iOS edition of Cash App. In fact, it is rated the number one app in the App Store Finance category. With an average score of (4.6 / 5) it’s clear the Cash App is popular. User appreciate how easy it is to make instant transfers of funds using the app and overall few complaints are made about the iOS edition of Cash App.
Android users give Cash App (4 / 5), with particular praise for the Cash App team’s willingness to sort matters out when payments go wrong. However some complaints do surface, including problems when trying to delete an account and delays in getting refunds on payments.
We end this artcile with a freebie – yes, using your Cash Card can earn you freebies. Cash Boost is the Cash program that gets you discounts (either a percentage or fixed dollar amount) whenever you pay at an eligible merchant using your Cash Card. You need to activate Cash Boost but doing so is simple. Just tap your available balance in the Cash App, tap the Boost icon and select a Boost.