Cash App offers Sponsored Accounts for minors, which are prepaid accounts opened and managed by a parent or guardian — these accounts are subject to the same fee schedule and terms as adult accounts.
Current version now explicitly references Restricted Accounts and Prepaid Accounts with specific definitional cross-references, expanding the scope beyond just sponsored minors.
View full change record →If you open a Cash App Sponsored Account for your child, the arbitration clause and class action waiver apply to disputes involving your child's account, and Cash App collects financial and identity data about your minor child subject to the Privacy Notice terms.
Cross-platform context
See how other platforms handle Sponsored Accounts (Minors) and similar clauses.
Compare across platforms →Parents who open Sponsored Accounts for their children are agreeing to these Terms on their child's behalf, including the arbitration clause and the data collection practices described in the Privacy Notice.
REGULATORY FRAMEWORK: Sponsored Accounts for minors implicate COPPA (15 U.S.C. §6501 et seq.) if any personal information is collected from children under 13, requiring verifiable parental consent and strict data minimization obligations enforced by the FTC. The CFPB Prepaid Account Rule (12 CFR Part 1005 Subpart E) applies to the prepaid account features. EFTA and Regulation E's error resolution and liability provisions apply to EFT disputes on minor accounts. State laws governing contracts with minors may affect the enforceability of the arbitration clause and class action waiver against claims arising from a minor's account — minors generally retain the right to disaffirm contracts under state common law.
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