Cash App Review: Is Cash App Legit, Safe and Trustworthy? (2022)

Is Cash App Legit, Safe & Trustworthy?
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Yes, Cash App is awesome.

And yes, it has a lot of features to make your financial life easier.

In this article, we will discuss:

Let’s dive into this, shall we?

What Is Cash App?


Cash App is a mobile payment app that lets you send and receive money with friends, family, or anyone.

It is available in the U.S., Canada, Australia, and India.

And it’s free!

There’s also no cost if buying or selling Bitcoin through the company itself.

You also have access to direct deposit, a Cash App card, a linked bank account for transferring money when needed, and even discounts (called Boosts) for in-store purchases and online as well. [1]

It’s like a personal bank account without the ickiness (or fees) of an actual bank.

And easier to use, too.

What Makes Cash App Different?

We know how frustrating it is when your debit card gets declined because of insufficient funds (we’ve been there too).

That’s why Cash App lets you set up a “Cash Card” to avoid the embarrassment of card declines.

This connects directly to your Cash App funds!

The best part?

It’s super easy!

Once registered, just link your bank account and transfer money from there into the app or add funds with Apple Pay, Venmo, and PayPal.

In fact, if you’d like to see a comparison of Cash App vs Venmo to see how they’re similar & different, check out our guide.

See their official help page for more details. [2]

What Can I Do With Cash App?

Cash App has a bevy of features and they are always adding new features to the app.

What Can I Do With Cash App

In the near future, they plan to add a pay advance feature where you can request money before your payday.

Here is a list of a few things you can do with the app:

  • Get Your Paycheck
  • Make Everyday Purchases
  • Buy & Sell Bitcoin & Stocks
  • Send and Receive Money
  • Save Money With Boosts

1. Send and Receive Money From Other Cash App Users

One of the most popular features is sending money to friends, family, or anyone.

With Cash App, you can send money through your contacts list without having to remember their bank account information.

You can easily find someone on Cash App with their username lookup too.

Pretty convenient, huh?

You may receive a text message for each transaction alerting you that someone has sent you cash.

2. Get Your Paycheck Directly In Your Cash App Account

With Cash App, you are able to receive your paycheck right in the app.

You can even split it with your partner or pay someone on a team project from one simple transaction.


They also let you automatically withdraw your paycheck so it’s ready for spending when payday comes around!

It’s simple to link up with banks in order to make purchases online faster than ever before.

And it gets even better!

You can get your paycheck early and keep it in your Cash App account until payday arrives!

You can set up your paycheck so that the funds are deposited directly into your app when they become available, and then split them with another person from one transaction if desired.

It’s also possible to automatically deposit an amount of money for every pay period right after the first withdrawal comes out of your payroll account if preferred — this way there’s less chance of forgetting and more time for other important things in life.

3. Buy & Sell Bitcoin & Stocks – Invest Directly from Your Phone

Cash App now allows users to buy and sell stocks directly from the app.

This feature includes access to investing news as well as research tools like an investment watchlist and real-time forecast.

Buy &Amp; Sell Bitcoin &Amp; Stocks

If you invest in stocks for professional reasons, then Cash App will be invaluable during tax season when tracking all of this information becomes much more difficult as well as costly due to data entry errors.

The benefits are endless!

It saves time and money while providing better customer service by giving investors access to their investments 24/hours a day, 365 days a year.

Use this app to buy Bitcoin with cash, deposit bitcoin to a Bitcoin wallet, or exchange bitcoin with somebody.

You can also send money between Cash App accounts in seconds and for free.

Cash App is an easy way of buying and selling cryptocurrency that even allows you to do it on the go due to its integration with Apple Pay.

Seriously, it’s SO simple 🙂

Another feature alongside this instant buy/sell functionality is that Cash App lets users instantly transfer any amount without having fees attached (from your bank account).

This makes it very appealing as there’s no time wasted waiting for transaction confirmations when transferring funds back into fiat currency like US dollars.

That being said, some minor delays may occur depending on network congestion at peak times such as weekends or holidays where transaction volume spikes.

4. Make Everyday Purchases With The Cash App Debit Card

Cash App Debit Card

Cash App is making daily purchases easier than ever before.

With easy-to-use features and rewards, there’s never been an easier way to use cash!

This is a feature that’s perfect for those who want to save time and get their purchases done quickly, which can be easier said than done.

Sounds pretty handy, doesn’t it?!!

In fact, many people find themselves spending more when they’re shopping because they spend too much time in the store or make impulse buys while on the go.

You won’t have this problem with Cash App though!

With only a few taps you can pay at your favorite retailers like Walmart, Target, Nike and so many more—all without carrying any cash!

Making everyday purchases has never been smarter.

Save Money with Cash App Boosts

If you’re a frequent shopper, this is for you.

Boosts are available to purchase with your Cash App balance and can be used in any of the stores we work with at checkout.

Boosts last 30 minutes or until they’re redeemed by someone else, whichever comes first!

So if there’s something you need from Walmart but don’t have time to go right now—boost it up and get that item as quickly as possible without having to wait in line.

Plus, all proceeds stay local so every penny helps out small businesses near you. [3]

If you like saving money with boosts, you should also check out some of these other cashback receipt apps to save even more.

Specifically, our Fetch Rewards review and review of the Zelle referral code are a high priority to check out.

How Can I Get Started With Cash App?

First of all, if you’re a new user, you’ll definitely want to sign up with a referral code to snag yourself a welcome bonus.

Check out our Cash App codes guide for more info on that!

The first step is to sign in using Facebook credentials or create an email address and password for yourself.

How Can I Get Started With Cash App

When signing up through Facebook it’ll ask if you want them to send you notifications about recent activity within your friend’s list as well as new friend requests; this will be optional but once chosen cannot be changed until another account has been created.

If creating a username without linking via social media one can choose to use their email or phone number.

Once you are all signed up you can add a bank account or debit card to fund your account.

From there you are free to do whatever you choose to do with your new account.

Is Cash App Legit & Safe?

Yes, Cash App is safe because the money is deposited into the bank account or card with the funds being covered by the FDCPA and the FDIC. [4]

Cash App Legit &Amp; Safe

Cash App is legit because it’s a verified business on the app store having been approved by Apple in January of 2017.

There are no reported instances of the app not working and the user reviews overall are generally positive.

How is Cash App Legitimate (Background)?

Cash App was created by the smart folks over at Square, which is the company that the one and only Jack Dorsey (the Co-founder of Twitter) started.

Cash App is the new name for the Square Cash App which to this day is the most downloaded finance app in the United States.

It was launched back in December 2016 and it’s been growing like crazy ever since.

The fact that it supports Bitcoin makes it a very unique app and one not like anything else out there right now.

Cash App Reviews (BBB)

The Better Business Bureau has the Cash App rated as B+, which is the same rating the Square app has. [5]

This is a good rating because the Better Business Bureau requires the business to provide the following info:

  • Products or services the business offers
  • Business response to your complaint
  • Outcome of the business’ investigation
  • The time it took the business to conduct its investigation

This means a lot goes into that rating, and for an app that deals with receiving money and utilizing a debit card like the Cash App card, that’s a fantastic rating.

And remember, Cash App is owned by Square, so you know that the app has been vetted over and over again.

It’s safe for individuals as well as businesses.

This app is great if you want a simple way to send money to friends and family.

You can store a digital balance in the app, but you can also withdraw funds via bank transfer or Venmo (another popular fund-sending app). 

The main goal of the Cash App is for people to use it when they go out and buy stuff together.

Cash App Plus Plus Review – Scam?

While the app is very safe, there are a lot of scams out there from dishonest people trying to take advantage of people using products that mimic Cash App.

A good example of this is when people mention Cash App Plus Plus – this is not a legitimate Cash App account feature or spinoff.

It’s a scam :/

Remember, Cash App will never ask you to send personal information over text message or any other form of communication unless you initiate the contact using the number on your account.

Always be suspicious if someone asks for your login credentials, etc. through email or text message as it’s likely that the app has been compromised by hackers.

Is Cash App Trustworthy?

Cash App is trustworthy because the company behind the app is the well-known and reputable payment processor, Square.

Part of the reason Square is so popular among business owners is that it’s both secure and convenient.

It’s the same for Cash App!

The app has the following safety protocols:

  • Premium crypto security features for secure investing
  • You can only send and receive the coins you own, so there is no risk of the company simply running off with your funds.
  • Cash App has a 99.99% uptime guarantee, which tells you that the app also runs in the most efficient manner possible if it’s down for any reason whatsoever, which means having the ability to conduct transactions at all times.
  • Cash App is the only cryptocurrency trading program that has been not only thoroughly tested but also examined by a third-party auditing firm.
  • The system has the ability to fend off DDOS attacks.
  • The company is constantly monitoring the security of the code in the app, which means you can rest easy knowing that the app is more secure than any other on the market.
  • Cash App also holds all user funds in cold storage and uses two-factor authentication for additional protection. You are never left totally helpless if your password or device gets stolen, thanks to the 2FA that comes with the account. The Bitcoin transactions will be sent over an encrypted SSL channel directly into the computer hardware wallet of your choice.

While most of these are crypto-specific security measures, they apply the same features to their app as a whole, so you can rest easy knowing your money is safe when you use Cash App.

And if at any point you feel the need to delete your Cash App history, you have the option of doing so.

The Cash App Review FAQs

Does Cash App charge a fee to send money?

Cash App works so well to send money because there is no charge to send money from your Cash App balance or a debit card. They charge a 3% fee for credit card payments, but that’s about all you’ll see for fees when you use this app to send money.

Is Cash App legit?

If you’re wondering ‘is Cash App safe,’ you can rest assured. Yes, the Cash App mobile app was created by Square, a well-known company when it comes to mobile payments, so they know how to keep your money safe.

Does Cash App customer service help with account issues?

If you’re looking for self-service or a dedicated help center, you’ll find both. On their website, you’ll find a plethora of self-service options in their FAQ section, and if you need further assistance you can reach out to their support team.

What about multiple accounts?

Can you have more than one Cash App account? Technically, you are able to create a personal account and a business account, however, we recommend sticking with just one account because having multiple accounts is against Cash App’s terms of service.

Helpful Resources

  1. Cash App Features
  2. Cash App Help Page
  3. Cash App Boosts
  4. Cash App Safety
  5. Better Business Bureau

Thank you for reading Cash App Review: Is Cash App Legit, Safe and Trustworthy? (2022), please browse our other Basics articles, including Cash App Basics Hub, which may also interest you.

James Allen is a Certified Financial Education Instructor (CFEI), financial advisor, and Certified Public Accountant (CPA). He created BillPin to give people the financial tools they need to make more informed financial decisions. After listening to his mother tell stories about her frugal upbringing and his own experiences working as a financial advisor for almost two decades, James is on a mission to help people change their relationship with money.

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