How does it work?

When you direct deposit $300 or more in paychecks each month, you unlock benefits that help you get more out of every paycheck. 

If you deposit less than $300 in a month, your benefits will be inactive the following month. To get your benefits back, all you need to do is direct deposit $300 or more in paychecks again.

Please note that the following deposits do not count towards paycheck direct deposit benefits:

• Tax refunds

• Insurance claims

• One-time ACH transfers from other banks to Cash App
  

How long do paycheck benefits last?

Paycheck benefits—including higher interest rates—are active starting the day your direct deposits total $300 or more in a month. They will be active through the following month. To keep your benefits active, you’ll need to keep depositing at least $300 each month.

What if I stop depositing paychecks?

Your paycheck benefits will remain active for a month after your last month with direct deposits of $300 or more. If you no longer make direct deposits of $300+ within a single month your benefits will not renew.