Cash App for Kids: How to Use it if You are Under 18

Cash App is a popular money management app that enables users to transfer funds, send money, and even obtain a debit card for their Cash App account. While officially owning a Cash App account requires individuals to be over 18, there are options available for teens to utilize the app with parental supervision. In this article, we will explore how teens can make use of Cash App, the features available to them, and the necessary steps for setting up an account.

Teen Cash App accounts function under the ownership of a parent or guardian. Teens become authorized users on the account, allowing them to manage their finances within certain limitations. It’s important to note that not all features of Cash App are accessible to teen accounts. Notably, purchasing Bitcoin or stocks is restricted.

Cash App Features

Cash App offers several useful features that can benefit teens in managing their money

Money Transfers: 

Teens can transfer funds to friends and family instantly with a few taps on the app. It’s a convenient way to pay back a friend or share expenses with roommates.

Customizable Debit Card: 

The cash App provides a free Visa debit card, which can be ordered directly from the app. This card allows teens to make purchases using their Cash App balance. Physical cards are also available for in-person transactions. However, ATM withdrawal fees may apply.

Early Paycheck Deposits:

 Teens can have their paychecks, tax returns, and other deposits directly deposited into their Cash App balance. This service enables them to receive funds up to two days earlier than traditional banks.

Cash Boost Discounts: 

Cash App Card holders enjoy instant discounts at select stores, websites, apps, and restaurants. By selecting a Cash Boost within the app, teens can take advantage of these discounts during their transactions. 

Parental Involvement and Process to Setup:

To use Cash App as a teen, parental involvement and setup are necessary. Here are the steps parents can follow:

Set up a Family Cash App Account: Parents can create a Family Cash App account to monitor and manage their child’s transactions effectively.

Link Bank Account: Parents should link their own bank account to the teen’s Cash App account for seamless fund management.

Obtain a Cash App Card: Parents can order a Cash App card and link it to their child’s account. This allows teens to make purchases using the card while parents oversee the spending.

Supervision and Guidance: Parents should log in to their own Cash App account and access the settings tab to view and manage their child’s account. This ensures proper monitoring and guidance.

Conclusion:

While Cash App is primarily designed for adults, teens can still benefit from its features with parental supervision. By setting up a family Cash App account and following the necessary steps, teens can gain financial independence, learn responsible money management, and enjoy the convenience of digital transactions. It’s important for parents to be actively involved in guiding their teens’ financial activities on Cash App, ensuring a secure and educational experience for their children.