Cash App Review

What we like about Cash App

With no monthly fees or minimum balances, Cash App is a low-cost, flexible option for everyday money management and casual payments.

Quick P2P payments

Cash App stands out for its instant, fee-free mobile peer-to-peer transfers. Whether you need to split a dinner bill, pay a friend or send cash for a group trip, Cash App makes it easy on its user-friendly platform.

You can link external bank accounts and debit cards to send instant payments to added friends with no fees. If you’re sent cash, you can wait a few days to transfer the amount to your linked account for free, or pay an instant transfer fee of 0.5% and 1.75% (minimum of $0.25).

Optional debit card

The Cash App card can use your Cash App balance for spending, or you can load it in the app with your linked external account.

The card itself is also customizable, where you can choose between a collection of “stamps” to add to your card, draw your own custom design and choose a variety of background colors, with varying prices for different colors and designs. You can also upgrade your Cash App card from plastic to metal for a $50 fee.

On top of that, the card offers rotating “Boosts” at select stores, which are discounts or cash back deals that you can activate in the app.

Cash App Green status with debit card

Cash App now offers a second “tier” if you have the Cash App card. To get Cash App Green status, you either need to spend $500 per month with your card, or direct deposit at least $300 per month.

The differences between a regular card holder and a Green status card holder are:

Important note: sending money with the P2P feature does not count toward the $500 purchase requirement.

Budgeting, savings and investing

Beyond payments, Cash App doubles as a light budgeting tool, allowing you to set up a savings account and direct deposits or even dip into stock or cryptocurrency investing.

The savings account offers up to 3.5% on your balance if you have Green status ($500 in spending or $300 in direct deposits per month). Other savings tools include round-ups, paycheck distributions and custom savings goals.

Additionally, Cash App offers a kids’ card option, with an adult sponsor who already has a Cash App account. The Cash App teen account is for ages 13 and up, letting teens get a debit card, but it has supervision and guardrails.

Where it falls short

While basic transfers are free, moving money instantly to your bank can add up over time. Cash App applies a 3% fee for credit card payments and charges 0.5% to 1.75% (minimum $0.25) for instant bank transfers. You can avoid most fees by using the standard, slower transfer option and steering clear of credit card payments.

There are ATM fees, but those get waived if you’re a Green status cardholder.

Many customer complaints

Cash App has a lot of negative customer feedback, and many users describe customer support as slow or difficult to reach. Some customers report app glitches or crashes, which can create delays or confusion when sending money on the go.

Cash App’s fees and access

Compare Cash App to other checking account options

Narrow down top apps by APYs, fees and features. Select Compare on up to four options for a side-by-side comparison.

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5 of 18 results

Finder Score	Fee	Minimum deposit to open	Annual Percentage Yield (APY)	Rebate
Promoted Finder score 9 Excellent SoFi Checking and Savings	Finder score 9 Excellent	$0 per month	$0	Up to 3.60%	Earn up to 4.30% APY on savings and $50 or $300 with direct deposit. Open a new SoFi Checking and Savings account by 31 January 2026, set up eligible direct deposit within 60 days, and maintain direct deposit for six months. T&Cs apply.		Go to site More info Compare product selection Compare	loading
Promoted Finder score 9.6 Excellent OnePay Cash	Finder score 9.6 Excellent	$0 per month	$0	3.35% on balances of $5,000 to $250,000 1.00% on balances of $0 to $4,999 1.00% on balances of $250,001+	For a limited time, earn 10% cash back at Walmart on your first purchase made within your first month, on up to $200 spent. T&Cs apply.		Go to site More info Compare product selection Compare	loading
Promoted Finder score 9.2 Excellent NBKC Everything Account	Finder score 9.2 Excellent	$0 per month	$0	1.75% on balances of $0.01+		Go to site More info Compare product selection Compare	loading
Finder score 7 Great HSBC Premier Checking	Finder score 7 Great	$50 per month (can be waived)	$0	0.01% on balances of $5+	Earn up to $3,500 by opening the HSBC Premier account with three different bonus offers after completing qualifying activities by December 31, 2025, and maintain the New Deposits through March 31, 2026. T&Cs apply.		Go to site More info Compare product selection Compare	loading
Finder score 8.6 Great Step Black Card	Finder score 8.6 Great	From $0 per month	$0	4.00% on balances of $0 to $1,000,000		Go to site More info Compare product selection Compare	loading

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How we picked these

What is the Finder Score?

The Finder Score crunches over 300 checking accounts from hundreds of financial institutions. It takes into account the product's monthly fees, overdraft fees, opening deposit, customer support options, ATM network and features — this gives you a simple score out of 10.

To provide a Score, Finder’s banking experts analyze hundreds of checking accounts against what we consider is the best option: no monthly fees, no overdraft fees, a large ATM network of 50,000 or more, additional features outside of typical banking services, and the optional perk of earning interest. Accounts that are nearly free to maintain and use are scored the highest, while accounts with costly fees and few features are scored the lowest.

Read the full breakdown

How to open a Cash App account

1. Download Cash App from the App Store (iOS) or Google Play (Android).
2. Open the app and enter your phone number or email address.
3. Verify the code sent to your phone or email.
4. Link a debit card or bank account to fund your Cash App balance.
5. Create a $Cashtag (your unique username) and set a display name.
6. Add optional info (photo, additional security settings) and start sending or receiving money.

Customer reviews and ratings

Cash App is owned by Block, Inc. (formerly Square) and is a major fintech app, ranking the #2 most downloaded in the Apple App Store and #1 “top free in finance” on the Google Play Store.

Cash App is accredited by the Better Business Bureau (BBB) and scores a B+ rating. However, the app gets poor customer ratings, with users noting issues of poor customer service, as well as the sudden and unexpected closure of users’ accounts. The ease of use of Cash App makes it a target platform for fraud, so it’s common to see account closures if suspected of fraud.

However, the reviews are overwhelmingly positive on Trustpilot and the app stores. Most users state they have had a great experience with the app, and they love the app’s user-friendly design and speedy function, saying it’s an easy app to send cash to friends and family.

Frequently asked questions

How trustworthy is Cash App?

Cash App is generally a trustworthy app, since it uses strong encryption and fraud detection technology. However, to stay safe, make sure to turn on security features like real-time transaction alerts in your account settings, and only send money to people you know.

Will Cash App refund money if you’re scammed?

Cash App is a money transfer service, which means payments are often instant and can be difficult to reverse. If you’ve been scammed or notice unauthorized activity, report it to Cash App right away. If you weren’t the one authorizing transactions (fraud), Cash App may be able to refund those unauthorized transactions.