Cash App is a peer-to-peer payment app formerly known as Square Cash. Here’s what you need to know about Cash App, including fees, security, privacy and card use options.
You probably know Cash App, even if you’ve never heard of it before. Formerly called “Square Cash,” it’s been renamed and rebranded.
Owned by Square (which is helmed by Twitter founder Jack Dorsey), the app allows consumers to send and receive money, link to an existing bank account, or spend money directly from Cash App with a dedicated debit card.
Users can also set up direct deposits to their Cash App account.
Want to learn more? Here are some of the basics on Cash App:
See related: Cash App is a peer-to-peer payment app that allows individuals to send and receive money to friends and family. They can also use the optional linked debit card to shop or hit an ATM.
Consumer Reports’s study of peer-to-peer payment apps gave it a 64 on a scale of one to 100 (with 100 being a perfect score). It earned good marks for data security, customer support and accessibility (across a range of devices and for those without bank accounts). But evaluators felt the app could do better on payment authentication and privacy.
Cash App is available for iPhone and Android users.