Cash App permits users as young as 13 to create accounts, but users under 18 require a parent or guardian sponsor. Sponsored accounts for minors are subject to the prepaid account terms and fee schedule.
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
The sponsored account framework for minors creates specific governance obligations regarding parental consent, applicable fee disclosures, and the scope of services available to users under 18, including whether investment and virtual currency features are accessible to minor account holders.
Interpretive note: The full scope of services available to sponsored minor accounts and the specific parental consent mechanism are defined in Section III, which was not fully reproduced in the available document excerpt.
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 →Provision name reworded to prioritize 'Sponsored Account for Minors' over the broader 'Minor and Sponsored Account Terms', narrowing the scope emphasis.
View full change record →Renamed from 'Sponsored Accounts for Minors (Ages 13+)' to 'Minor and Sponsored Account Terms' with broadened scope to include Restricted Accounts.
View full change record →Minors aged 13 and older may use Cash App through a Sponsored Account arrangement that requires parental or guardian consent, and their accounts are subject to the prepaid account fee schedule and usage restrictions defined in Section III. Parents or guardians who sponsor a minor's account should review what features and services are accessible under that account type.
How other platforms handle this
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"This section applies to any Restricted Account or Prepaid Account (each as defined in Section III), including any Sponsored Account (each as defined in Section III) that is a Prepaid Account.Excerpt from Cash App's Terms of Service
REGULATORY LANDSCAPE: Accounts for minors in financial services engage COPPA (Children's Online Privacy Protection Act) for users under 13, and state minor protection statutes for users aged 13 to 17.
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The sponsored account framework for minors creates specific governance obligations regarding parental consent, applicable fee disclosures, and the scope of services available to users under 18, including whether investment and virtual currency features are accessible to minor account holders.
Minors aged 13 and older may use Cash App through a Sponsored Account arrangement that requires parental or guardian consent, and their accounts are subject to the prepaid account fee schedule and usage restrictions defined in Section III. Parents or guardians who sponsor a minor's account should review what features and services are accessible under that account type.
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