Yesterday, state regulators separately ordered Block to pay $80 million for Bank Secrecy Act and anti-money laundering law violations. Cash App’s commitment to user satisfaction has earned it strong brand loyalty. Regular updates, customer support improvements, and a focus on financial education have built trust among its users. Recent data reveals that Cash App’s monthly active users have reached an estimated 54.9 million in 2025. This marks an 8.3% increase from the previous year, showcasing steady growth fueled by its expanding suite of features and broadening user base. Some have migrated to cryptocurrencies like Bitcoin, which remain decentralized and harder to regulate.

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Your Cash App account is most useful if you’ve got funds available, and you can transfer funds from other sources, such as PayPal, to your Cash App account. You can also use your Cash App account to buy stocks and Bitcoin. If you’re feeling extra generous, you can even send stocks to your loved ones as a gift.

• Cash App also allows you to deposit cash at retail locations, direct deposit your paycheck, and withdraw money at ATMs.
• Capital One is an online bank with various account options, including the 360 Checking Account and 360 Performance Savings Account.
• When you’re ready to transfer money from Cash App to your bank account, you can initiate a deposit through the app or your browser.

How to set up direct deposit in Cash App

• We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers.
• Most services offer free bank transfers at a standard speed of 1 to 3 business days, but charge fees if you want to pay with a credit card and/or speed up the delivery to your bank account.
• With feathery blond hair falling below her shoulders, oversize sunglasses, and stylish pantsuits, she brought a dose of reality-star sizzle to the proceedings that captivated reporters.
• With this regulatory pressure, Cash App has ramped up its security measures, returning or freezing payments that raise red flags.

Lee took that same ambitious but collegial approach to just about everything he did. Wilson recalls Lee excitedly telling him about Sharkfest, an open-bay swim that starts at Alcatraz, the historic island prison in the San Francisco Bay. Before he knew it, Wilson, a former swimmer who hadn’t exactly kept up with his pastime, had somehow agreed to do the race with Lee.

The application doesn’t require any bank account or detailed information before you create a profile and sign in. Using your personal tag, phone number or QR code, anyone can send you money. Previously known as Square Cash, the app makes sending and receiving money between Cash App users easy. Other services include direct deposit, ATM withdrawals and investing in stocks and Bitcoin. Ultimately, both apps generally are well-designed and easy to use.

Cash App works by sending money from your bank account to your recipient’s Cash App balance. You can pay someone through Cash App using their phone number or email, and they’ll be sent a link to claim the payment if they aren’t a Cash App user. You can use Cash App to send money to other people, whether they use Cash App or not. However, they’ll need to have or create an account to be able to accept the transfer of money.

Alternatively, you can search by name, email address or sell gift card for Cashapp phone number. You don’t have to connect your bank account to Cash App, but you won’t be able to do much unless you connect them. For example, you won’t be able to transfer funds to your bank account.

Since you are on your phone, we are going to send you to the Google Play page. After seven days of deliberations, a jury in December acquitted tech consultant Nima Momeni of first-degree murder in Lee’s April 4, 2023, killing. Now, federal regulators at the Consumer Financial Protection Bureau are requiring Cash App to pay back tens of millions of dollars to thousands of consumers.

Every money transfer app review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of personal finance products. See our methodology for more information on how we choose the best money transfer apps. Like Cash App, Chime aims to remove barriers that prevent customers from opening accounts. You don’t need to undergo a credit check or banking history review.