Cash App for 13+? Should you let your teen get it?
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- เผยแพร่เมื่อ 7 มิ.ย. 2024
- Cash app now allows teens to get an account and a Cash card of their own with parental permission. I got it for my teen and I'll let you know how it went!
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DISCLAIMER:
The information and opinions within this content are for information purposes only. Guidance is based on personal interpretations and in no way, represents legal or financial advice.
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Get $10 free by using this link to get the Step App: step.com/r/EZFIV
Or enter code EZFIV in the app.
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Get $5 free by using this link to get Cash App (after you send someone $5)
cash.app/app/CVLWDFM
Or enter code CVLWDFM in the app
Chapters:
0:00 Cash app now available for teens
0:21 What is Cash App?
0:40 How teen accounts are different from adult accounts
1:06 Cash app referral code
1:32 Pros of Cash app for teens
2:42 Cons of Cash app for teens
3:37 What can parents see?
3:59 Cash app vs Step
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Disclaimer: All information on this channel is my own opinion and not intended to be financial advice. Consult a CPA or financial advisor if you have questions about your own financial situation.
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🤑 Get $1 free by using this link to get the Step App: step.com/r/EZFIV
Or enter code EZFIV in the app.
💲Get $5 free by using this link to get Cash App (after you send someone $5)
cash.app/app/CVLWDFM
Or enter code CVLWDFM in the app
Hi can u help me by making an video on how teens at the age of 13 can use debit cards wich allow teens to start an online business cause iam trying to use teespring to make money so plese make an video on an when u do reply to me that your requested video ha Ben made I will surely be happy to watch it plese . 😊
Very informative. My parents are thinking about getting me a debit card and this is just an amazing video to help us! Thank you!!
Nice did u get the card
Teens now a days are very smart, they ordered cash app card on their own, and who knows what they are buying online with that. You should make one video on that. They can be using for any online purchases, hope those are not illegal purchases.. e.g. inappropriate sites..etc..
Parents should keep an eye on their kids, but the Cash App card does have restrictions for users under 18 which will stop some inappropriate transactions. Here's the details: cash.app/help/us/en-us/6486-authorized-users-under-18
@@TraeldornTech chill bro, but I agree parents these days control everything
Cash app has some technology implement to disturb and interrupt certain purchases- places that primarily sell alcohol, dating services, hotels motels.. This has nothing to do with the card though, this has everything to do with boundaries, morals, rules, responsibility and interest.. Not cash app. That’s where the parent comes in and PARENTS their children. anyone could argue the kid just buy those things with cash, or get someone else to buy it for them- regardless if it’s online or offline. Someone who really wants something will get it regardless- that’s why adults who KNOW better, steal from stores and/or people.
I just got step and got my mom to be my sponsor so my dad doesn’t control all of my money. You helped make my decision. Thank you!!!
Great! I'm glad I could help!
@@SmartFamilyMoney I actually also have a question. If I have a savings account in a different bank. Can I directly put money from step into the savings account front the step app?
@@IdrathernottalkBye yes you can move money from step to a bank account. It's limited to $250/day.
@@SmartFamilyMoney awesome!!
My dad's sponsoring me. He sends me money from his bank
Thank you God bless you
You are welcome!
The only issue with cashapp is the spending limit, for teens it’s very low.
that means I can't get a PC then
wdym
So 15000 a month is low to you
@@Dougembassy it’s $1000 lmao
@@Chrisss1 that's the send/request you said spending limit
Is there any Teen banking apps for outside of the US?
im a teen and your video is very helpful! now my mom can transfer money or if i do some gigs online like art i can transfer my mom the money thx you for the video
Glad I could help!
Thank you
You're welcome!
@@SmartFamilyMoney I sent it to my parents cause I got a cash card and they didn’t believe it was for teens.
How about the time they bought and item?
will the parent account be effected if a kid over spends or anything like that?
I ordered one for my teenager and he doesn’t know yet so I’m excited for him to see
Oh I bet he'll love it!
If you sponsor your child do they have access to your linked bank account? Meaning will they be able to draw money from that account to add to their cashapp or will their money go to my bank account if they cash out?
@@chimney4link our card to their account or our own? my card is linked with my own but my friend wants me to sponsor does that connect my account to theirs?
yeah i would not deposit a cheque into cash app/invest with cash app. i don’t think they are not FDIC and CFTC regulated.
How do I use a visa gift card for cash app
If you have a teen who obtained another adult (without your permission) to sponsor a cash app card and subsequently connected it to their bank account without your approval, it is my understanding that this adult is the legal owner of the account and could possibly withdraw money from your teen's account. Other than closing out that bank account and opening a new one for your teen, what other steps can you suggest the parent take to have that cash app account closed? My son got an adult at his place of employment, to sponsor a Cash App account. She has access to his bank account information through the payroll department and was able to link the card to his account. Suggestions??
Oh boy, that's tough. Yes, the adult is the legal owner of the Cash App account, BUT if they don't have the password to the teen's Cash App, I don't think they'd have any way to actually get the money out of the bank account. If you want to be completely safe, closing the bank account is probably the best way to protect the money though. (This is just my opinion and shouldn't be taken as financial advice)
can you remove them from it if your 18?
i had both cashapp and step but my dad lets me get a step card but not cashapp card so what i did is i linked my step bank account to cashapp so anytime someone wants to cashapp me money i can just send it to my step bank account and i have the money
Yeah it's easy to go the one way but not the other. Did you see I had a video about that? th-cam.com/video/5sEFdpAhqGI/w-d-xo.html
My niece wants me to verify her cash app account but I am a bit skeptical as to what that means and what she will have access to?
If you're the sponsor on her account, she won't have access to your account, but you'll be responsible for hers. Her account legally belongs to you because people under 18 can't own bank accounts.
Your cash app balance is fdic insured idk who told you it's not
Is there an advantage to getting them a cash app card and account over just getting them an account with my bank, and account designed for teens under 18 of course.
Not many banks have accounts for teens anymore. If you have one to suggest, I'd love to hear about it. But the main advantage of Cash App is being able to instantly transfer money back and forth (which is often necessary for teens). But if you're banking at the same bank, you might be able to do it instantly that way. My kids also have Capital One accounts that do have access to Zelle for teens and we actually use that mostly now.
How do I change my cash app to a adult account from a teen acc . I cant stand it gave me a teen acc because I'm grown
I don't know and you're not the first person to ask this... I'm guessing you may need to close the original account and open a new one on your own. The teen accounts are really a sub-account of the parent's. I would suggest contacting Cash App customer service to ask. And please let me know if you find out the process!
Do one how to make a Amazon account and how to add money on it
I am working on a video about Amazon accounts for teens right now!
do you have to open a whole new account or can you connect your current account to your parents account without making a new account?
I don't know if it's possible to switch it around. I'm guessing no, but you could ask Cash App support.
i reached a request limit what do i do
Is there a spending limit for the kids cash app account? Because I want to spend $200 but I heard that the limit is $150.
I think it’s like 15000 I don’t know but sending/receiving limit is 1000
Can you get your teen cash app with a different teen debit card?
What happens if one of my kids spends more than what’s on the card? Will it decline the transaction?
Yes it will decline. Cash App won't let you spend more than is in your Cash App balance.
Hey how do i manage to get my mom approve if she don't have a ss? She isn't a resident of the United States why should I do?
I'm not sure if it's possible. It's possible you could use someone else as your sponsor (another trusted person over 18).
Is there any chance you can make a tutorial of how to transfer money between cash app and step, if it's possible? I plan on using both but don't want to mess anything up
Yes, thank you for the great idea! Your comment inspired me and I tried linking them and it's trickier than I thought. I'll work on this video!
@@SmartFamilyMoney No problem, lookin forward to it!
It's up! th-cam.com/video/5sEFdpAhqGI/w-d-xo.html
So do they see what store u buy from on cash app
Yes, they can see the store but not the items from that store.
can parents see the cash card number or use it in anyway?
That's a really good question! I just looked through mine and I can't find my daughter's full account number or card number anywhere, so no, I don't think they can see it if the child doesn't give it to them.
Do sponsor account has a monthly fee to it, I know cashapp don't charge fees. I wm
There's no fee for being a sponsor or for using it as a teen. Cash App does have a few fees but they're easy to avoid (instant transfer fees or ATM fees, etc).
I was going to get my niece one by she not a teen can I still get her a cashapp card under my account?
If you are over 18 and she's under 18, yes you can sponsor her. Just know that the account will be legally yours
How do parents increase the child's limit?
I don't know if there is a way. I would contact Cash App support to ask.
For my parents account do they need a card on their account?? And also do I need to use mine or my parents SSN?
They need an account but they don't have to order a card. I believe only their SSN is used but I am not sure.
@@SmartFamilyMoney ok but do they need a card on the account like their debit or credit?
@@SmartFamilyMoney thanks btw
@@speedup6568 oh now I understand! I believe the answer is no, the parent doesn't have to have a debit or credit card on their Cash App account. Here's their FAQ that gives the details of how it works: cash.app/help/us/en-us/6486-authorized-users-under-18
@@speedup6568 they need a debit card from their personal bank. Every parent should have a bank account
Do you use your parents card and bank
The teen doesn't have to have a card or bank connected if they just get money sent from other people. You could also open your own bank account - Capital One Money is a good one for teens.
I’m 9 and have a cashapp
Will your teen have access to your cashapp if u approve them and draw money without your permission?
The teen can only access the teen account, not the parent's cash app.
Can I get my own cashapp at 17 years old without my parents account
can the teen see the parent’s transactions?
No. The teen can't see the parent's info.
How does my mom unadd me now that I’m 18
That is a very good question and I'm not sure! When you're under 18, the account legally belongs to your mom, so I would think you probably would need to open a new account as an adult. I would contact Cash App to ask (I can't find the answer anywhere in their help docs). If you find out, can you please let me know!
Does the Cashapp card come with a visa logo?
Yes, it's a Visa debit card.
Yes! If you choose to have your cash tag on the front then the visa logo will be on the back. If you choose not to have your cash tag on the front, the visa logo will be in its place.
Damn prioritys
Can they also see who you getting money from on cash app .
Yes, I believe the parents can see the name of the person that sent the money. I'm the only one who has sent money to my daughter, but I do see my name on her statement. I will say, though, the parent REALLY has to look to see the details from the child's account and you can only do it on a desktop computer.
Isn’t just for teens :) my 11 year old just got her account set up today
Oh wow were you able to order her e card too?
@@SmartFamilyMoney yes mam! I’m going to try for our younger two as well
@@BH-jy3bc please let me know if it works for even younger! 😁
Hi, I want to ask my mom to get me one but which one do you think it’s better? Cash app or step I am 14 years old if that helps? I’ll appreciate an answer thanks 😁
I think your best bet is actually to start off with a regular bank account. Capital One Money is the best for teens and includes a free debit card. If you want to send money back and forth to people, then choose Step, Cash App, or Venmo based on what your friends are using. (Venmo is allowing teens too very soon)
Here's my video about Capital One Money: th-cam.com/video/YnNQfQNvtJU/w-d-xo.html
Can someone send money through venmo to my son's step card?
Yes, I made a video about transferring between Step and Cash App and all the same things would apply to Venmo. If someone sends money to someone's Venmo and you want to get it to Step, you would use a Venmo debit card to make a transfer to Step. Keep in mind, though, that Venmo's minimum age is 18 and Cash App's minimum age is 13. This is why I didn't make a video about transferring between Venmo and Step (because most people with Step are under 18). Here's the video that explains about Cash App to Step: th-cam.com/video/5sEFdpAhqGI/w-d-xo.html
Can a family member take money from your cash app
No, not without asking you to send it to them.
Can you have more than 1 teen on the main parental account?
Ie: if I have 3 teens can I get them each an account and card?
Yes I believe so! I haven't tried it but I am pretty sure each teen needs one parent... But I believe a parent can have multiple teens (I don't see why they wouldn't allow that).
Is it at the age at 13 and over because I don't want to wait 1 more yeaf to turn 14.
You just have to be 13. Any time after your 13th birthday.
@@SmartFamilyMoney its not letting me purchase a card when I use my mom Id or mine
@@ariell1 I don't know why it wouldn't work. Maybe try contacting Step customer service
@@SmartFamilyMoney thanks
How long does it take for you to get a cash app card
I don't remember the exact timing but it was a week or two.
So overall is it safe or not?
I mean, it's a legit company... But they have had their problems. Personally I feel fine using it but I wouldn't keep all my money in it.
@@SmartFamilyMoney thanks
can I use Zelle with the step card?
I don't think so but I am not completely sure.
@@SmartFamilyMoney how can I send money to other people for example I send money via cashapp
@@Coxrr If you are both on Step, you can easily send money that way. Step is very similar to Cash App. If you want to use the two apps together I have a video about that (I will put the link below).
th-cam.com/video/5sEFdpAhqGI/w-d-xo.html
i have a cashapp
bro my parents dont wanna approve it for me😓 and 17 btw🤧
Sorry - at least it won't be long until you're 18 and can do it yourself.
my mom didn’t do it for me either so i got my cousin to do it
My dad approved it for me.
@@YasirUddin07 i sneaked on my moms phone and approved it myself
Thats sad but at least you can fo it ur self in a few months or next year
my dad let me have it soo
Nice!
So the cash card is a Visa card that can be refilled with money over and over
Yes. It's essentially a prepaid debit card.
Can my teen see my bank info from there account
No, your teen can't see your info from their login.
There is no way you have a child with that pfp
can they see what you buy?
That can see WHERE you spent money but not WHAT you bought.
@@SmartFamilyMoney how do u check that?
@@vonupnext496 it's a little tricky so I made a separate video about it: th-cam.com/video/z5uZ4DXk_kk/w-d-xo.html
Ilove you madam
I just added you to my cash app