The agreement reserves Block's right to suspend or close your Cash App account at its sole discretion, with or without prior notice, which could affect your access to any funds held in your Cash App Balance.
This analysis describes what Cash App's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
Account suspension without prior notice is particularly significant for users who hold funds in their Cash App Balance, as it may restrict access to money until the account status is resolved. Applicable law, including Regulation E and state money transmission regulations, may impose constraints on how account closures affecting prepaid balances are conducted.
Interpretive note: The precise scope of Block's discretionary suspension authority is not fully set out in the introductory section visible in this document excerpt; the full text of Section III and related sections would clarify the applicable procedures and limitations.
The updated terms change how Cash App Tag purchase fees are calculated and disclosed. Rather than a fixed $25 fee, the purchase price now ranges up to $250 and varies based on the specific tag selected and the customer's account type. The terms state that 'the specific fee amount is disclosed before you complete your Cash App Tag purchase,' meaning the final price appears at checkout. Additionally, the terms now extend Cash App Tag eligibility to Children using Sponsored Accounts, whereas the prior language explicitly prohibited Children from requesting, receiving, or using Tags in connection with Sponsored Accounts. You can review the specific fee before completing a purchase, and parents authorizing Sponsored Accounts should understand that their child may now access Cash App Tag functionality within the limitations set by the account sponsor.
View change record →The updated terms introduce a new Bitcoin Auto-Withdrawal feature that lets users authorize recurring, automated transfers of bitcoin from their Cash App balance to an external wallet on a schedule they choose. The terms state that these transfers operate subject to the same daily and rolling transfer limits, identity verification, and compliance screening as manual withdrawals, and are irreversible once broadcast to the blockchain. The revised language also establishes that funds from external sources will be subject to withdrawal restrictions for a minimum of 7 days and as long as 60 days, replacing the prior language stating restrictions would apply 'until fully settled'. Users can cancel or modify Auto-Withdrawal schedules through the app at any time, but Cash App states it cannot stop transfers already initiated at the time it receives a cancellation request.
View change record →The updated terms establish a new pathway for self-employed individuals to accept commercial payments without opening a business account, but impose significant compliance obligations. Users must provide a nine-digit Social Security Number, accurately tag payments as 'Earnings' or 'Personal', and comply with federal tax reporting requirements, including potential 24% backup withholding if SSN is not on file. Misdesignating payments to avoid tax thresholds can result in account suspension or termination. You can enroll in the optional Earn in P2P service by completing identity verification and providing your SSN, but you should consult a tax advisor regarding your specific tax obligations.
View change record →Renamed from 'Account Suspension and Termination' to 'Account Suspension and Closure'; excerpt now shows only preamble language rather than specific suspension/closure terms.
View full change record →Under this provision, Block may suspend or close your account without advance notice, potentially affecting your access to your Cash App Balance. Users should be aware that Regulation E and applicable state law may provide protections regarding access to prepaid account funds independent of the contractual terms.
How other platforms handle this
If we learn that we've collected the personal data of a child under the age of 13 or 16, as applicable, we'll take reasonable steps to delete the personal data. This may require us to delete the Skillshare account...
If our moderators decide to remove content, or suspend or terminate the Member's account, we will notify the Member and explain how to contact us.
If we become aware that a child has provided us with personal data without parental consent, we remove such data and terminate the child's account (except where we are required to retain all or a portion of such data for compliance purposes).
"These Cash App Terms of Service (the "Cash App Terms") are a legal agreement between you, as a current or prospective user of the Services, and Block, Inc., formerly known as "Square, Inc." (hereafter, "the Company," "we," "our" or us"), and governs your use of Cash App, a financial platform, which includes mobile applications, websites, software, cloud-based solutions, and other products and services (the "Service"), offered by the Company.Excerpt from Cash App's Terms of Service
REGULATORY LANDSCAPE: Discretionary account suspension and closure provisions in prepaid account agreements interact with Regulation E and the CFPB's Prepaid Account Rule, which establish disclosure and error resolution requirements for prepaid accounts.
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Account suspension without prior notice is particularly significant for users who hold funds in their Cash App Balance, as it may restrict access to money until the account status is resolved. Applicable law, including Regulation E and state money transmission regulations, may impose constraints on how account closures affecting prepaid balances are conducted.
Under this provision, Block may suspend or close your account without advance notice, potentially affecting your access to your Cash App Balance. Users should be aware that Regulation E and applicable state law may provide protections regarding access to prepaid account funds independent of the contractual terms.
ConductAtlas has identified this type of provision across 277 platforms. See the full comparison.
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