Square opens Cash App for teens
Must have guardian permission
Anyone over 13 years old can now use Cash App, the company announced this week.
Square, Cash App’s parent company, announced that teens can now use Cash App to deposit and spend money or send it to friends and family. Teens will need their parent or guardians’ permission to use the app, and not have access to some of Cash App’s features.
The Cash Card, a card linked to users Cash App accounts will allow teens to make payments. On the Cash App mobile app you can customize the cards by changing its colour, adding stamps, or even making it glow in the dark.
Users under 18 won’t be able to trade Bitcoin or access the Investing, Borrow, Check Deposit, Paper Money Deposit or Cross-Border Payments features. While creating an account, Cash App will contact the teen’s parent or guardian for approval.
For more from us at Waivly, join our free fun-to-read and to-the-point newsletter enjoyed by hundreds of people across the internet every day of the week 👇