Cash App Review
Send money, invest, and spend with the Cash Card. Independent Cash App review: 4.4/5 for neobanks.
By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked September 29, 2026.
Our verdict
With 57M+ monthly active users, Cash App makes paying people easy, and transfers by $cashtag, phone or email are free. Savings pays up to 3.5% with Cash App Green, earned with $500 a month in card spending or $300 in paychecks. Watch the fees: instant transfers cost 0.5% to 2.5%, and sending from a linked credit card costs 3%.
Skip it if you need 24/7 phone support, or often send money from a credit card.
About Cash App
Send money, invest, and spend with the Cash Card. Cash App is offered by Block, Inc. (banking services by Sutton Bank & Wells Fargo Bank, Members FDIC). Our editorial rating is 4.4 out of 5.
Best for: Peer-to-peer payments, $cashtag identity, and micro-investing.
Editorial grade: A (composite score 88/100).
Highlights
- Free peer-to-peer transfers via $cashtag, phone, or email
- Buy/sell stocks and Bitcoin starting at $1 with fractional shares
- Cash Card Boosts for instant discounts at Starbucks, DoorDash, Lyft, and more
- Up to 3.5% interest on Savings with Cash App Green ($500+ monthly card spending or $300+ monthly paycheck deposits)
What we like
- Massive U.S. user base (57M+ monthly actives) makes P2P frictionless
- Simple, clean mobile-first design with $cashtag identity
- Direct deposit with up to 2-day early pay
- Send & receive Bitcoin and stocks as gifts
Where it falls short
- 0.5%–2.5% fee for instant transfers to a linked account (free for standard 1–3 day)
- 3% fee when sending money via linked credit card
- Customer support is primarily in-app, with no 24/7 phone support
Fees, minimums, and rates
Monthly fee: Free standard / 0.5%–2.5% instant transfer. Minimum to open: $0. Current APY: Up to 3.5% (Savings). Rates and fees last checked on September 29, 2026.
How we reviewed it
This is a desk review: we have not opened an account with Block, Inc. (banking services by Sutton Bank & Wells Fargo Bank, Members FDIC). It is built from Block, Inc. (banking services by Sutton Bank & Wells Fargo Bank, Members FDIC)'s published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Neobanks shortlist. Our money-app reviews weight cost (25%), accuracy and reliability (25%), data security (20%), usefulness (20%), and customer support (10%). The rubric is the same for every brand.
Not a bank. Deposits are held at these banks
- Sutton Bank, FDIC certificate 5962: capital, loan quality, every office and the complaint record.
- Wells Fargo Bank, FDIC certificate 3511: capital, loan quality, every office and the complaint record.
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Read our full editorial methodology for how we review products.