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
Users not enrolled in Savings Yield permanently and irrevocably forfeit any interest that accrues on their balances, with that interest going to Cash App instead.
Interpretive note: The evidence span contains an ellipsis indicating potentially omitted text between the conditional clause and the assignment clause. The canonical claim treats the condition and the assignment as directly linked based on the visible language, which is consistent with the excerpt as presented. Confidence remains high given the clear conditional structure.
The updated terms establish that Cash App may obtain and verify your identity information through third-party verification services. The terms now state that identity verification may not guarantee access to all services, and Cash App may require additional or updated information or verification steps before granting access to certain account types or services. Previously, the terms implied that successful identity verification would result in conversion to a full account; the revised language makes account conversion conditional and permits Cash App to withhold access pending further verification.
View change record →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 →Unless enrolled in the Savings Yield feature, users receive none of the interest earned on their Cash App Balance or Savings Balance; that interest is irrevocably assigned to Cash App.
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Charge interest on any overdue payments at a rate equal to the Reserve Bank of Australia's cash rate, from time-to-time, plus 2% per annum, calculated daily and compounding monthly.
If you do not timely cancel your subscription, your subscription will be renewed at the full price as indicated when the purchase was made, without any additional action by you, and you authorize us to charge your payment method for these amounts.
"Unless you are enrolled in the Savings Yield feature...you irrevocably transfer and assign to the Company all of your rights in any and all interest accrued on you Cash App Balance and your Savings Balance funds...Excerpt from Cash App's Terms of Service
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Users not enrolled in Savings Yield permanently and irrevocably forfeit any interest that accrues on their balances, with that interest going to Cash App instead.
Unless enrolled in the Savings Yield feature, users receive none of the interest earned on their Cash App Balance or Savings Balance; that interest is irrevocably assigned to Cash App.
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