Cash App usage by minors is on the rise, and there are a few things you need to know in order to keep up. First, be sure that your child is using a Cash App that is approved by their parents or guardian. This will help ensure that they are not using an app that could be harmful or addictive. Second, be sure to keep track of your child’s spending and transactions. This will help you to identify any patterns or spending habits that may need to be addressed. Finally, make sure that you have a strong password for your Cash App account. This will help protect your child’s information and identity should they lose access to their account or if they are hacked.
If you’re a parent, it’s best to explain how Cash App is different than Venmo, which is only available to people 18 and older. Even though Cash App will let teens use it, you should make sure that you give them permission first. Otherwise, they won’t be able to use all of the features. They won’t be able to invest, use Bitcoin, or deposit checks.
One solution is to get them a Cash Card. It limits their access to ten dollars, so you can rest assured that they won’t go over their limit. And, you can always add more money on the card for them. However, you should be prepared for a potential clash between your child and the cashier if your child uses Cash App without your consent. In some cases, the cashier will ask for their ID in order to verify the account, which could be considered fraudulent.
