A Beginner’s Guide to Using the Cash App Mobile Payment Service

Key takeaways:

  • Cash App is a fast, simple, and secure way to send and receive money from friends and family
  • You can use Cash App to pay for purchases online and in-store, and even invest in stocks and Bitcoin
  • Cash App offers a free debit card called the Cash Card that lets you access your funds and get instant discounts

What is Cash App?

Cash App is a popular mobile payment service that allows users to easily send, receive, and invest money right from their smartphone. Developed by Square (now known as Block), Cash App has become a go-to app for millions of people looking for a convenient and secure way to handle their finances.

With Cash App, you can:

  • Send and receive money instantly with friends and family
  • Pay for purchases online and in-store
  • Invest in stocks and Bitcoin
  • Get a free debit card (Cash Card) to access your funds
  • Set up direct deposit to receive your paycheck up to 2 days early

The app is available for both iOS and Android devices, and setting up an account is quick and easy. Once you’ve downloaded the app, simply enter your phone number or email address, create a unique $Cashtag (your username), and link your bank account or debit card.

Sending and Receiving Money

One of the main features of Cash App is the ability to send and receive money instantly. Whether you’re splitting a dinner bill with friends or need to pay your roommate for rent, Cash App makes it simple.

To send money:

  1. Open the Cash App on your phone
  2. Enter the amount you want to send
  3. Tap “Pay”
  4. Enter the recipient’s email address, phone number, or $Cashtag
  5. Add a note about what the payment is for (optional)
  6. Tap “Pay” again to confirm

Receiving money is just as easy. When someone sends you money, you’ll get a notification and the funds will instantly appear in your Cash App balance. From there, you can choose to keep the money in your app balance, transfer it to your linked bank account, or spend it using your Cash Card.

It’s important to note that while sending and receiving money is free, there are some fees associated with certain transactions:

Transaction TypeFee
Sending money from a credit card3%
Instant deposits to your bank account0.5% – 1.75% (min $0.25)
ATM withdrawals$2

Standard deposits to your bank account are always free and typically arrive within 1-3 business days.

Using the Cash Card

In addition to sending and receiving money, Cash App also offers a free debit card called the Cash Card. This Visa debit card is linked directly to your Cash App balance, allowing you to easily spend your funds online and in-store wherever Visa is accepted.

Some benefits of the Cash Card include:

  • No monthly fees or minimum balance requirements
  • Instant discounts (called Boosts) at select retailers and restaurants
  • Free ATM withdrawals when you receive $300+ in direct deposits each month
  • Customizable card design

To get a Cash Card, simply tap the “Cash Card” tab in the app and follow the prompts to order your card. Once it arrives, you can activate it and start using it right away.

Investing with Cash App

Cash App has also expanded into the world of investing, allowing users to buy and sell stocks and Bitcoin directly from the app. With as little as $1, you can start building your investment portfolio and potentially grow your wealth over time.

To invest in stocks:

  1. Tap the “Investing” tab in the app
  2. Search for the stock you want to buy
  3. Choose how much you want to invest
  4. Confirm your purchase

Investing in Bitcoin works similarly – just tap “Bitcoin” instead of “Investing” to get started.

It’s important to remember that investing always carries risk, and you should never invest more than you can afford to lose. Cash App provides educational resources to help you make informed decisions, but ultimately, the responsibility lies with you.

Is Cash App Safe?

When it comes to your money, safety is paramount. Cash App takes several measures to ensure the security of your funds and personal information:

  • Encryption: All data is encrypted and securely stored on Cash App’s servers
  • Fraud detection: Cash App uses advanced algorithms to detect and prevent fraudulent activity
  • PCI compliance: Cash App is PCI-DSS Level 1 compliant, the highest level of certification for payment security

Additionally, you can take steps to protect your own account, such as:

  • Enable two-factor authentication
  • Use a strong, unique password
  • Never share your login credentials with anyone
  • Only send money to people you know and trust

By following these best practices and staying vigilant, you can enjoy the convenience of Cash App while keeping your money safe.


How do I add money to my Cash App balance?

To add money to your Cash App balance, tap the “Banking” tab in the app, then select “Add Cash.” Choose the amount you want to add and confirm the transaction. The money will be transferred from your linked bank account to your Cash App balance instantly.

Can I use Cash App internationally?

Currently, Cash App is only available in the United States and the United Kingdom. You can send and receive money between these two countries, but you cannot use Cash App to send money to or receive money from other countries.

What do I do if I suspect fraud on my Cash App account?

If you believe your Cash App account has been compromised or you suspect fraudulent activity, contact Cash App support immediately. You can reach them through the app by tapping “Profile” > “Support” > “Something Else” > “Contact Support.” Be sure to change your password and enable two-factor authentication if you haven’t already.

How do I close my Cash App account?

To close your Cash App account, you’ll need to first transfer any remaining funds to your linked bank account. Once your balance is zero, tap “Profile” > “Support” > “Something Else” > “Account Settings” > “Close Account.” Follow the prompts to confirm the closure of your account.