If you’ve been in the loop about online financial platforms, you would know about Cash App. But here’s the exciting news: Cash App for kids is now a reality! Yes, you heard it right. Now kids above the age of 13 can have their own Cash App card. Sounds exciting right? Let’s get to know more about this.
Cash App Expands Its Age Limit (Cash App for Kids)
Previously, Cash App was a service only available to individuals over 18. However, with recent updates, those over the age of 13 can now use Cash App services to spend money and even send money to their friends. The only caveat? They need parental consent.
With this permission, teens can now have an experience almost akin to having a regular bank account. What’s even better is that parents or guardians can co-sign on this app, allowing them to monitor app activity and ensuring that their kids’ spending is on track. Moreover, if you want to learn how to change Cash App password quickly, you can check out our guide.
Features and Limitations for Young Users
While the move to open up Cash App for teen users is commendable, it’s essential to understand that not all features are available to them. For instance:
- Teens cannot invest in stocks, Bitcoin, or other cryptocurrencies.
- Depositing checks, a crucial feature for many teens who may receive checks as gifts or for odd jobs is notably absent.
So, if these are features you (or your teen) cannot do without, it might be a good idea to explore other banking options.
How to Get Cash App for Kids?
One of the most anticipated features for the younger audience is the Cash App card. Here’s a brief rundown on how teens can get their hands on this card:
Ordering the Cash App Card: Navigate to the second icon on the bottom and select “get free cash card.” You’ll then get options to choose a card design, including standard options and a limited edition “hundred thieves” card that costs $5.
Personalizing the Card: From drawing to selecting stickers or choosing a cash tag, personalize the card as desired.
Order the Card: After deciding on a design, press the ‘order card‘ option, and input your shipping details, name, and date of birth.
Parental Approval: As the user is below 18, parental or guardian consent is mandatory. Parents or guardians can monitor card activity, manage the card, and even lock it if necessary.
Frequently Asked Questions (FAQs)
Q1. Can teenagers use Cash App without parental consent?
No, teenagers between the ages of 13 and 18 require parental or guardian consent to use Cash App. Parents or guardians can co-sign on the app, allowing them to track their child’s activities and transactions.
Q2. What features are unavailable to teenagers on Cash App?
Teens on Cash App cannot invest in stocks, Bitcoin, or other cryptocurrencies. Additionally, they cannot deposit checks through the app. It’s essential to review the app’s features and limitations for young users before setting up an account.
Q3. How can teens get the Cash App card?
Teens can order the Cash App card by navigating to the second icon on the app’s bottom and selecting “get free cash card.” They can then choose a design, personalize it, and order the card. Parental or guardian consent is necessary to proceed with the card order.
Q4. Can parents monitor and manage their child’s Cash App activities?
Yes, when parents or guardians co-sign on Cash App for their kids, they can monitor app activity, including seeing transactions. They also have the ability to manage the Cash App card, which includes features like locking or unlocking the card if necessary.
Cash App’s decision to include younger users provides a fantastic opportunity for teens to begin their financial journey. But, like all tools, ensuring that it matches the user’s needs is essential. So, assess the features, understand the limitations of Cash App for kids, and choose wisely.
- Elizabeth Jones is one of our editorial team’s leading authors on credit card offers, services & more. With over two decades of experience in the consumer credit industry and as a nationally recognized credit expert, Elizabeth provides in-depth analysis of both traditional & alternative forms of credit. Elizabeth regularly appears on many major media outlets including NBC Nightly News, Fox Business Network, CNBC & Yahoo! Finance. She is also a frequent contributor to Forbes Magazine. As a highly appreciated author for our exclusive Editorial Team, Elizabeth strives to provide readers with a trustworthy advice on how to manage their credit accounts while staying informed on the latest offers in the marketplace.
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