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can you use cashapp under 18,Can You Use Cash App Under 18?

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Can You Use Cash App Under 18?

Are you a teenager looking to manage your finances independently? Or perhaps you’re a parent trying to understand the options available to your young adult child. If you’re asking yourself, “Can you use Cash App under 18?” you’ve come to the right place. In this detailed guide, we’ll explore the ins and outs of using Cash App for minors, including its features, limitations, and how to set it up.

Understanding Cash App

Cash App is a mobile payment service that allows users to send and receive money, pay bills, and invest in stocks. It’s a popular choice among young adults and adults alike due to its user-friendly interface and convenient features. However, the question remains: can minors use Cash App? Let’s dive in.

Age Requirements

According to Cash App’s terms of service, users must be at least 18 years old to open an account and use the app independently. However, there are ways for minors to use Cash App with parental consent and supervision.

Using Cash App with Parental Consent

Here’s how minors can use Cash App with parental consent:

  1. Parental Approval: The minor must obtain permission from a parent or guardian to use Cash App.

  2. Parental Account: The parent or guardian must create a Cash App account and link it to their bank account.

  3. Minor’s Account: The parent or guardian can then create a sub-account for the minor under their main account.

  4. Access and Permissions: The minor will have access to the sub-account and can send and receive money, but the parent or guardian will have control over the main account.

Features and Limitations

When using Cash App with parental consent, minors will have access to most of the app’s features, including:

  • Money Transfers: Send and receive money from friends, family, and businesses.

  • Bill Payments: Pay bills directly from the app.

  • Stock Investing: Invest in stocks with a minimum investment of just $1.

  • Debit Card: Use the Cash Card to make purchases and withdraw cash from ATMs.

However, there are some limitations to consider:

  • No Direct Deposit: Minors cannot set up direct deposit for their sub-account.

  • Limited Access: The parent or guardian has control over the main account, including the ability to freeze the minor’s sub-account.

Setting Up a Cash App Account for Minors

Here’s a step-by-step guide to setting up a Cash App account for minors with parental consent:

  1. Download the Cash App: Both the minor and the parent or guardian should download the Cash App from the App Store or Google Play.

  2. Parental Approval: The minor must obtain permission from a parent or guardian to use Cash App.

  3. Parental Account Creation: The parent or guardian should create a Cash App account and link it to their bank account.

  4. Minor’s Account Creation: The parent or guardian can create a sub-account for the minor under their main account.

  5. Verification: Both the parent and minor will need to verify their identity by providing their full name, date of birth, and the last four digits of their Social Security number.

  6. Access and Permissions: The minor will have access to the sub-account and can start using Cash App.

Conclusion

So, can you use Cash App under 18? While minors cannot open an account independently, they can use Cash App with parental consent and supervision. By following the steps outlined in this guide, minors can enjoy the convenience and features of Cash App while maintaining parental control and guidance.

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Feature Description
Money Transfers Send and receive money from friends, family, and businesses.