🥇Cash App Review 2022 + FREE $5 COUPON CODE

2022 CASH APP REVIEW. Everything you need to know before using Cash App to send money. Use code ZFNRMXP, send money to a friend, get $5 for FREE.

Table of Contents

The Cash App is one of the only all-in-one financial solutions for the everyday person. This Cash App review explains the features and benefits of using Cash App. Plus, you can use the coupon code advertised on this page to get a small perk just for signing up and transacting on Cash App.

What makes Cash App a complete personal financial product are the following main features, among many others:

  1. Send and receive money with family and friends using Cashtags, email, or phone number
  2. Buy things from retailers with Cash Card
  3. Handle your banking needs
  4. Invest in stocks
  5. Use Bitcoin
Use code ZFNRMXP, send money to a friend, get $5 FREE.

After reading this Cash App review, you will understand that the app is a financial wonderland. Full of a variety of financial products, it offers endless financial opportunities.

Read below to learn more about the Cash App's investing features, banking options, dedicated cash app card, and buying Bitcoin. Cash App also has a brokerage service called Cash App Investing LLC.

5 Main Cash App Features

This Cash App review starts with the five main features that you will find when you download the app. Knowing about these features will help get started quickly.

Start by using downloading the app on your device and using the free Coupon code.

Passive Income Investing Strategy

Thousands of people are making passive income using a proven system that actually works. Unlock a new passive income stream with no fees or trading.
Use code ZFNRMXP, send money to a friend, get $5 FREE.

Create a Cashtag and then start sending and receiving money.

If you are wondering whether Cash App is secure to download and use, know that it is secure. As of January 2022, Cash App services over 24 million monthly users across the US and UK. Not surprisingly, it is considered one of the most trusted payment apps of 2022.

Just a few more thoughts about this, Cash App combines encryption and fraud detection technologies to secure user accounts. 

It also uses one-time code with SMS or email upon signup. This adds another layer of security. Additionally, you have the option to require a password before completing a transaction on the app.

Following along below to become more familiar with using Cash App and understanding how it can help boost your financials.

Sending and Receiving Money

Cash App allows you to send and receive money. Send money to family and friends, or whoever else is on the app. 

On the app's main page, tap on the dollar sign on the menu in the bottom. You should then see a screen like below:


To send money, simply type the value, tap pay and follow the instructions where you are prompted to enter a recipient from your contacts and a note explaining the reason you are sending the money.

A person's username is also called their Cashtag. Use a persons cashtag to send money or use their email or other contact info.

Send payment using many different methods. For instance, use a credit card, Visa debit card, Mastercard, a linked bank account, or your Cash Card. The app has fair and reasonable service fees. You can send up to $1,000 in a 30-day period.


A few easy steps:

1. Register and verify your Cash App account.
2. Enter Coupon Code ZFNRMXP.
3. Open app and enter the amount you want to send.
4. Click Pay.
5. Enter recipient's email address, phone number, or $Cashtag.
6. Enter the reason for sending payment.
7. Tap Pay. Done!

If you try to send more money than what you have, the app will prevent the transaction. 

To see how much money is in your Cash App account, tap on the home button in the bottom menu. It displays your account balance and other banking information. 

To request money, it is pretty much the same as sending. Enter an amount, tap request and follow the instructions. 

You are prompted to enter a payor from your contacts and a note explaining the reason you are requesting payment. 

Be sure to check out the Cashtag before you send or request money. The Cashtags help ensure you send and receive money from the right people.

Cash Card

Buy things with Cash App using the free Cash Card. Get the Cash Card with just a few taps. On the  home screen, select the icon in the bottom menu that looks like a credit card.


On the Cash Card screen, you should see a big button saying something like Get Free Cash Card. Tap it and follow the prompts to setup your free card.


During setup, you can customize the look of your Cash Card. Choose from different themes and even draw on it to really make it unique.


Once you start using the card, you can use it for saving and banking. For instance, you can add boosts for instant saving on everyday spending and access direct deposit, ATM withdrawals, and more.


Use the Cash App for banking. To see the banking options, in the bottom menu tap the home icon. You should see a screen with the banking features.

For instance, you should see your Cash App account balance, routing number, and account number (not pictured above) in addition to the ability to add cash, cash out, review tax information, receive a paycheck, and so much more. Get started. Use code ZFNRMXP, send money to a friend, get $5 FREE.

You need to order a Cash App card to use all the banking features. According to the official website, setting up direct deposits into your account can help you get your paycheck up to 2 days faster than the direct deposit to the bank.

Beware that the app does not come with Federal Deposit Insurance Corp. FDIC insurance guarantees up to $250,000 of your cash if a financial institution goes belly up.

A Cash App support assistant says that the team is working hard to add this coverage. So even though the app offers bank-like features, it is not an account where your money has federal backing.

Investing in Stocks

Start investing with as little as $1 and no commission fees.

Cash App makes it easy to discover, monitor, and invest in stocks. In the bottom menu bar, tap on the curly arrow. You should see a screen that allows you to start investing.


Tap on one of the stocks to learn more about it. 

For instance, if you tap on Disney stock, you will see something like this, listing the price chart where you can toggle the chart to show the stock's performance over different periods of time.


If you scroll down, Cash App also delivers the news about the stock in addition to basic information about the company.


Keep scrolling, and you will find key stats, quarterly and annual financials, actual and expected earnings per quarter, analyst buy and sell opinions, and even more.


You also can use Cash App to discover stocks. Browse by categories, such as newly added, Banking & Finance, Business Services, Energy, and pretty much any sector of the market. 


You can even see the stocks that were bought and sold the most over the last 30 days on Cash App and also the biggest daily movers. 

Those are the stocks that gained or lost the most value when compared to the other stocks traded on Cash App.

Last mentioned in this review but certainly not the least of the features, Cash App wrote a book to teach you about investing. 


To say the least, Cash App has a robust suite of tools to help you invest in stocks. You must be a US resident who is 18 years or older. You also need to provide your full name, date of birth, social security number, address, and other identifying personal information.

Despite this, it does have limitations. For instance, Cash App does not allow you to trade options. With options, you can use investing strategies to generate regular monthly income.

If you want to learn more about options for income, check out Covered Calls for Beginners.

Although not part of Cash App or Square, trading options still can help you make money. The example book above is a highly rated options book for beginners that teaches how to collect monthly income using stocks that you own.

Using Bitcoin

Cash App makes it easy to buy and use Bitcoin. In the bottom menu bar, tap on the Bitcoin symbol. You should see a screen that allows is all about buying Bitcoin.


You also should see a big blue Buy button and the current price of Bitcoin. If you scroll down, you also should see a price chart that displays the price history over various timeframes.


Easily verify your identity to enable blockchain withdrawals and deposits to your cryptocurrency wallet. Plus, you can earn a Bitcoin Boost, which is when you earn Bitcoin on purchases you make with the Cash Card.

As you keep scrolling, you will see links to reputable news articles about Bitcoin and other cryptocurrencies.


Cash App provides resources to help you understand and use Bitcoin. Scroll to the bottom and tap the Learn More link. 


Currently, you can only transact Bitcoin and not other cryptocurrencies. Cash App added the Lightning Network, though. So you can pay anyone in Bitcoin on the Lightning Network.

Main Benefits of Cash App

Your Account Information

Cash App Is Safe To Use

Cash App is safe to use. It is only natural though to wonder. After all, it is your money and personal information at stake.

Rest assured, however, that Cash App uses high-quality safety standards and fraud detection infrastructure. It uses the same for you that it uses for business customers who use the point-of-sale transaction for Square's business products.

Your information is encrypted with high-level data encryption and stored in Square's private and protected servers. That makes it quite a safe platform for transferring money.

Still, it is always possible that fall prey to fraud despite regardless of the measures taken to protect your information.

Cash App does offer extra security features. You can enable Security Lock, which requires a password on every transaction.

You can enable notifications each time money goes out of your account. You also can use the security features offered by your devices and email providers to help secure your information.

6 Things To Know Before Using Cash App

Locations, Technologies, Business Accounts

Cash App is available in the United States but not in the US territories, such as Guam, Virgin Islands, Puerto Rico, Northern Mariana Islands, and American Samoa. Plus, you cannot use Cash App if you live abroad or go to other countries.

One way to get around this is to download the overseas app version. Square released a Cash App version in the UK, as well as Canada, Australia, and Japan recently.

It’s also important to note that the app (on a smartphone) is only compatible with iPhones with the latest version of iOS and Android devices with their latest operating systems.

Business accounts cannot send payments. They can only accept payment for services and goods.

Cash App VS Similar Apps

A variety of person-to-person payment networks exist. These include PayPal, Zelle, GooglePay, Venmo, Popmoney, and many others. Read below to see how they compare to Cash App.

PayPal works similarly for withdrawing money to your app account or using a debit card. Like Cash App, PayPal charges a fee for credit card payments.

In both apps you can put funds in a bank account or on a card (Cash Card Debit or PayPal Cash MasterCard). Both offer standard and instant deposit speeds.

Zelle is like Cash App in that you can send and receive money but not so similar in terms of how it withdraws money.

When sending money, Zelle withdraws money from your bank account and deposits it into the recipient’s bank account, making it immediately available to use.

In contrast, Cash App transfers the money between Cash App accounts. You can withdraw from the app balance into your bank account or spend and invest using one of the many app spending or investing options.

GooglePay allows you to withdraw money using your default payment method, like straight from your account balance, credit card, or debit card. Then, it deposits it into the default payment method of the recipient.

Everything is handled instantly, whereas it can take up to three days with Cash App, depending on the option you choose.

Venmo works similarly to Cash App. You can withdraw money from the account balance, debit from a connected account, or use a debit or credit card. Plus, both options offer instant and standard deposit features.

Cash App Fees

If you use the App for personal use, you do not pay fees to receive, request, or send money payments from a bank account or debit card when utilizing the standard deposit.

The instant deposit option also requires a fee of 1.5% of the deposited amount.

Business account payments are automatically charged 2.75% of the amount paid regardless of how payment is made.

Now that you know what Cash App charges, compare it to similar apps.

PayPal does not charge a fee for standard bank transfers. However, it does charge $0.25 for instant transfers to eligible bank accounts that have been verified. Instant, in this case, means about 30 minutes.

PayPal also charges a fee of 2.9% and $0.30 per transaction when you make payments using PayPal Credit, debit, and credit cards.

Venmo charges 3% to send money with linked credit cards.

Zelle and Google Pay do not charge fees to use the service regardless of the methods you choose. The difference is that Cash App charges fees for sending payments with a credit card (3 % of the total) and instant deposits (1.5% of the total) but otherwise no fees generally.


Here is a short list of frequently asked questions about the Cash App. Our review already covered some of it.

Is Cash App Legit?

Yes! Over 24 million people use it. It is a completely legit app and safe to use. Although the app is reliable, like any other money apps you should use it carefully. 

Guard your money by generating a password for your phone. Try using 2-Factor Authentication as well. 

Cash App suggests you always double-check the recipient’s $CashTag, email, and phone number before sending money to evade inadvertently sending it to the incorrect person.


How Much Money Can You Send With Cash App?

You can send up to $1,000 in a 30-day period. You can increase this limit if you present information about yourself, such as your name, date of birth, and last four digits of your Social Security number.


Does Cash App Charge A Fee To Send Money?

Cash App charges a 3% fee if you send money from a credit card. Nevertheless, there is no fee to send money from your Cash App balance or bank account, even if you send money to someone in the U.K. 


How To Withdraw Money From Cash App?

To withdraw funds from the App, click on your balance and then click the Cash Out button. Insert in Cash App screen how much you want to withdraw from your balance and how soon you want to receive the money.

Standard transfer deposits into the account are usually within 1-3 business days, and it is free of charge. Though an instant transfer has a 1.5% fee. For example, if you want to deposit $500 into your bank account instantly, it would cost you $7.50.


Do I Need A Bank Account For Cash App?

You do not need a bank account to use Cash App. Instead of sending money you receive to a connected bank account, you can use the Cash Card to make online and in-store purchases.

A bank account is not necessary to send money either. You can send money from your Cash App balance, or you can use a credit card. Nonetheless, credit card payments do have a 3% fee.

Final Rating

Use code ZFNRMXP, send money to a friend, get $5 FREE.

We hope you enjoyed our detailed 2022 review! As you can see, when compared to other person-to-person payment networks, Cash App works very similarly when you want to pay for something. 

The fees are quite reasonable and the overall financial feature package is unique. Cash App also makes the process of the sending and receiving money super easy and secure for everyone.

We think that this is a great app to use when you want to pay online or transfer money online without using your actual debit or credit card.

Cash App on Social Media

Share on twitter
Share on telegram
Share on facebook
Share on reddit
Share on whatsapp
Share on vk