Cash App how to Send, Receive, Invest, & Manage Your Money

Sending money with Cash App is a quick and easy process. Here’s a step-by-step guide on how to do it

1.  Launch the app on your mobile device.
2.  On the main screen, use the keypad to type in the amount of money you want to send.The green “Pay” button will appear in the bottom right corner of the screen. Tap it to proceed.
3. You will need to enter the recipient’s information. You can use their:
   • $Cashtag (their unique username)
   • Phone number
   • Email address
4. You can add a brief note explaining what the payment is for (e.g., “dinner,” “rent,” or “birthday gift”).
5. Confirm the amount and recipient, then tap the “Pay” button to send the money

The funds will be instantly transferred from your Cash App balance or your linked debit card. If you don’t have enough money in your Cash App balance, the app will automatically draw the funds from your linked bank account or debit card.

Read: How to register for Zenith bank internet banking and mobile app

How to receive money from cash app

Receiving money on Cash App is generally automatic and straightforward. Here’s a breakdown of how it works and what you might need to do.

The Two Main Ways to Receive Money

1. Direct Payment from a Known User:
   • If someone you have previously transacted with on Cash App sends you money, it will automatically appear in your Cash App balance.
   • You will receive a notification in the app, and the funds will be instantly available for you to use.
2. First-Time Payment or Pending Payment:
   • If this is the first time you’re receiving money from a particular user, you may need to manually accept the payment.
   • How to accept a pending payment:
     • Open the Cash App and tap the “Activity” tab (it looks like a clock icon) on the main screen.
     • Under the “Pending” tab, you will see a list of payments waiting for your action.
     • Next to the payment, tap the green “Accept” button.
     • A pop-up will appear asking you to confirm the payment. Tap “Confirm” and then “Done.”
     • The funds will then be added to your Cash App balance.

Other Ways to Receive Money

• Requesting money: You can also proactively request money from another Cash App user.
  • On the main screen, enter the amount you want to request.
  • Tap the “Request” button.
  • Enter the recipient’s $Cashtag, phone number, or email.
  • You can add a note to explain the request (e.g., “for dinner last night”).
  • Tap “Request,” and the other person will receive a notification to pay you.
• Direct Deposit: You can set up direct deposit to receive your paycheck, tax refund, or other government benefits directly to your Cash App account. You will need your Cash App account and routing numbers, which can be found by tapping the “Banking” tab (the house icon) on the home screen.Read: How to Register for Wema Bank Internet banking and mobile app – ALAT by Wema

How to Access Your Money After You Receive It

Once the money is in your Cash App balance, you have a couple of options:

• You can use the money in your Cash App balance to send to other users, make purchases with your Cash App Card, or invest in stocks or Bitcoin (if available in your region).
• “Cash Out” to your bank account:
  • Tap the “Banking” tab on the home screen.
  • Tap the “Cash Out” button.
  • Enter the amount you want to transfer to your bank account.
  • Choose your deposit speed:
    • Standard Deposit: This is a free option, and the funds will arrive in your bank account in 1-3 business days.
    • Instant Deposit: This option has a small fee (usually 0.5% to 1.75%), but the funds will arrive in your bank account within minutes.

How to Create Cash App Account

Creating a Cash App account is a simple process that can be done on your mobile device. Here’s a step-by-step guide to help you get set up:

1.  Go to the Apple App Store on your iPhone or the Google Play Store on your Android device and download the Cash App. You can also sign up on the web at cash.app.
2. Open the app and you’ll be prompted to enter a phone number or email address. Choose the one you want to use for your account and enter it.
3.  A verification code will be sent to the phone number or email address you provided. Enter this 6-digit code in the app to confirm your account.
4. You will be asked to link a debit card to your account. This allows you to add money to your Cash App balance and send payments. Enter the card number, expiration date, CVV, and your zip code. You can choose to skip this step for now, but you will need to do it later to use most of the app’s features.
5.  Enter your legal first and last name. This is required for identity verification.
6. Create a unique username for yourself. This is known as a “$Cashtag” and is how other people will find you and send you money. Choose something easy for you and your friends to remember.
7. Provide your zip code to complete the initial setup.
8. For security, you’ll be asked to create a PIN for your account. This will be used to authorize transactions and protect your account.

Once you have completed these steps, your Cash App account will be created, and you’ll be taken to the home screen. From there, you can start sending, receiving, and managing your money.

For higher sending limits and access to features like direct deposit and investing, you will need to verify your identity by providing your full name, date of birth, and the last four digits of your Social Security Number (SSN).