Cash App: Investing Age Requirements And More

Cash App is a financial services application available in the US that offers peer-to-peer money transfer, bitcoin and stock exchange, a personalised debit card, and more. Anyone 13 and above can create a Cash App account and start investing with approval from a parent or guardian. However, there are concerns about minors being able to buy and sell stocks without a joint account with their parents, as one must be 18 to legally trade stocks.

Cash App minimum age requirements

Cash App is a financial services application available in the US. It offers peer-to-peer money transfer, a bitcoin and stock exchange, a bitcoin on-chain and lightning wallet, a personalised debit card, a savings account, short-term lending, and other services.

The minimum age requirement to create a Cash App account is 13 years old. However, those between 13 and 17 years old will need approval from a parent or guardian to access the full range of Cash App features. This is known as a sponsored account. With a sponsored account, 13- to 17-year-olds can access financial tools like the Cash App Card and investing, while their parent or guardian sponsor retains control and visibility over the account.

Once a user turns 18, they can gain full access to everything Cash App has to offer. It is not possible to buy and sell stocks when you are under 18, and attempting to do so may be illegal.

Investing with Cash App

Cash App is a financial services application available in the US. It offers peer-to-peer money transfer, bitcoin and stock exchange, bitcoin on-chain and lightning wallet, personalised debit card, savings account, short-term lending, and other services.

Anyone 13 and above can create a Cash App account and start investing with approval from a parent or guardian. This is known as a sponsored account, which allows access to financial tools like the Cash App Card and investing, while the sponsor (parent or guardian) maintains control. The sponsor can view balances, monthly statements, and real-time transactions, as well as manage permissions on investing and Cash App Card spending.

To start investing, you need to open a brokerage account with Cash App Investing LLC, which will allow you to buy and sell stocks and exchange-traded funds (ETFs). The balance associated with your Investing account is different from your Cash App balance. This "stock balance" is the total current value of your investments. The securities in your Investing account are held by a third-party custodian, DriveWealth, LLC.

When purchasing stocks or ETFs, the funds are first taken from your Cash App Balance. If more funds are needed to cover the transaction, they are pulled from your linked debit card. You can schedule stock purchases or sales 24/7, but orders will only be placed during market hours.

It is important to note that investing carries risks, and you may lose money. Make sure to do your research and understand the potential risks before investing.

Cash App Investing account

Cash App is a financial services application available in the US. It offers peer-to-peer money transfer, bitcoin and stock exchange, a bitcoin on-chain and lightning wallet, a personalised debit card, a savings account, short-term lending, and other services.

Anyone 13+ can create a Cash App account. Customers aged 13-17 can get access to expanded Cash App features in the US with a sponsored account, which requires approval from a parent or guardian. With a sponsored account, minors can access financial tools like the Cash App Card and investing, while still having guardrails to keep the sponsor in control.

Opening a brokerage account, sometimes referred to as an Investing account, allows users to buy and sell stocks and exchange-traded funds (ETFs). The balance associated with the Investing account is different from the user's Cash App balance. This "stock balance" is the total current value of investments made. The securities in the Investing account are held by a third-party custodian, DriveWealth, LLC. The value of the Investing account is shown separately from the general Cash App balance. When making a stock or ETF purchase, funds are first taken from the Cash App Balance. If more funds are needed to cover the remainder of the transaction, they are pulled from the linked debit card to the Cash App Balance. Any purchased stock or ETF bought through Cash App Investing LLC is held by their carrying broker, DriveWealth, LLC.

To buy stock using Cash App Investing:

• Tap the Investing tab on the Cash App home screen
• Tap the search bar and enter a company name or ticker symbol
• Select the company whose stock you want to buy
• Select a preset amount or tap to enter a custom amount
• Follow the prompts to verify your personal information
• Confirm with your PIN or Touch ID

Stock can be purchased using the funds in the Cash App balance. If there are insufficient funds, the remaining amount will be debited from the linked debit card. Once the order is filled, the investment can be viewed by tapping the Investing tab on the Cash App home screen and scrolling down to My Portfolio.

Buying stock with Cash App

Cash App is a financial services application available in the US. It offers peer-to-peer money transfer, bitcoin and stock exchange, a bitcoin on-chain and lightning wallet, a personalised debit card, a savings account, short-term lending, and other services. Anyone aged 13 or older can create a Cash App account, with customers aged 13-17 able to access expanded features with a sponsored account.

To buy stock using Cash App Investing, first, tap the 'Investing' tab on the Cash App home screen. Then, tap the search bar and enter the company name or ticker symbol of the stock you want to buy. You can then select the preset amount of stock you want to buy, or enter a custom amount. You will then need to follow the prompts to verify your personal information and confirm with your PIN or Touch ID.

Stock can be purchased using the funds in your Cash App balance. If you do not have enough funds available, the remaining amount will be debited from your linked debit card. Once the order is filled, you can view your investment by tapping the 'Investing' tab on your Cash App home screen and scrolling down to 'My Portfolio'.

Stock purchases or sales can be scheduled 24/7, but orders will only be placed during market hours. The US stock market is open Monday to Friday, 9:30 AM–4 PM Eastern time, 8:30 AM–3 PM Central time, 7:30 AM–2 PM Mountain time, and 6:30 AM–1 PM Pacific time. It is important to note that Cash App Investing accounts are considered "zero-balance" accounts, meaning that the balance associated with your Investing account is different from your Cash App balance. This "stock balance" is the total current value of your investments.

Cash App does not charge a commission fee for buying or selling stock, and accounts are free to open, require no minimum balance, and charge no commission fees. However, there may be fees assessed by government agencies such as the SEC, which will be disclosed prior to your confirmation of a trade.

Cash App customer support

Cash App is a financial services application available in the US. It offers peer-to-peer money transfer, bitcoin and stock exchange, a personalised debit card, a savings account, and short-term lending.

Anyone 13+ can create a Cash App account. Customers aged 13-17 can access expanded features in the US with a sponsored account. A sponsored account allows anyone aged 13-17 to use Cash App with approval from a parent or guardian. With a sponsored account, you can get access to financial tools like Cash App Card and investing, while still having guardrails to keep your sponsor in control.

If you are under 18 and want to invest using Cash App, you can contact customer support for help. Cash App customer support can be reached in the following ways:

• Via the app by tapping Cash Support on the profile page
• On Twitter (@CashSupport)
• On Facebook (@SquareCash)
• By dialling the US phone number: (800) 969-1940. Support is available daily from 9 am-7 pm ET.

Customer support can be reached within a few business days, and if you don't hear back, you can try multiple channels at the same time.

If you are over 18 and your Cash App still says you are under 18 when trying to invest, you can try removing your card from the old account and making a new one. You can also try verifying your account or reaching out to the team via the app.

Frequently asked questions