A lot of people don’t know what the fuss is all about regarding the app known as Cash App. In simple terms, it’s an app that allows you to send and receive money with ease. If you are looking for an app that will allow you to send and receive money anywhere in the U.S. with no cost, then check out this guide to learn how to use Cash App.
What Are the Requirements for Using Cash App?
To open a new account, you’ll need a U.S. mobile number and a valid form of identification — a state-issued ID or a driver’s license, for instance. You can also add funds to your account via bank transfer. If you don’t have money in your bank account, you’ll need to add it before sending it to another user through the Cash App.
You Must Have A Bank Account To Use Cash App
Once you have an Eligible Bank Account linked to your Cash App, you can ask to upgrade your Cash App (together with your Eligible Bank Account) to a “Verified” status. A Verified Account has all of the features and functionality described in these Terms of Service.
How to Transfer Money Using the Cash App
To get started, download the Cash App. Then, sign in with your email address or phone number and follow the setup steps. You’ll be guided through the process of connecting your bank account, verifying your identity by taking a photo of your state-issued ID or a driver’s license, and setting up two-factor authentication for added security (this step is recommended, but optional).
To send a payment:
- Open the Cash App mobile app.
- Enter the amount you want to send.
- Tap “Pay.”
- Enter the email address, phone number or “$Cashtag” (another person’s username in the app).
- Enter what you are sending the payment for.
- Tap “Pay.”
What Makes it Different From Other Apps?
Cash App is similar to services like Venmo and PayPal, which also allow you to link a bank account to send money; you can also hold any received funds in the app until you’re ready to withdraw them. However, there are some key differences between Cash App and other apps on the market.
Cash App has been lauded by critics for its plethora of functions, including its ability to buy and sell both stocks and Bitcoin. If that feature appeals to you, then Cash App may be the better choice.
» Related: Cash App vs Venmo vs PayPal
Want to check out other money transfer options? PayBill can help you.
How Secure is Cash App?
Cash App protects your data, identity, and personal finances by keeping the appropriate level of safeguards in place to abide by all applicable laws and regulations.
Your transaction details and personal information will be encrypted and stored in a highly secure environment. Cash App uses bank level security for all your financial data, so you can use the app with confidence.