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A message from Cash App |
Help your kid build smart money habits early |
If you have a kid between 6 and 12, you can start teaching them smart money habits right now with Cash App. Kids between 6 and 12 can now have a Cash balance, order a Cash App Card, and start saving, but they don’t get access to the app.* There are no subscription fees, and you control it all through your app and account.
Manage money together |
A Cash App Card designed by them: They get their own debit card to design, made by them, with you alongside. They can spend their allowance or money from chores, but you can set spending limits. 3.25% interest on savings: Kids can earn 3.25% interest and start building strong saving habits early.** Safe money transfers: You can choose up to 5 people who can send them money. They can't send money or buy stocks or bitcoin. Parent-controlled account: They can't log in on their own, and they don't need a phone. You control their account and see their activity.
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Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Savings provided by Cash App, a Block Inc. brand. Parents and legal guardians can open a managed account for kids 6-12. To view the eligibility requirements for sponsoring a teen or child, please visit the Sponsored Accounts section of the Cash App Terms of Service. *Cash App will pass through a portion of the interest paid on your savings balance held in an account for the benefit of Cash App customers at Wells Fargo Bank, N.A., Member FDIC. To earn interest on your Cash App savings balance, you need to have sponsor approval. Exceptions may apply. Savings yield rate is subject to change. |
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