If you are a parent or trusted adult with a verified Cash App account, you can invite someone 13-17 to use Cash App and access features like P2P transactions (including recurring allowance payments), Cash Card, Cash App Pay, direct deposit, Boost, bitcoin*, and stocks.
Once you sponsor their account, you become the legal owner of the sponsored account and the person you sponsor will be considered an authorized user of your sponsored account. Sponsors can track activity in the app, and turn specific features on/off. Sponsors may also cancel sponsorship at any time by contacting Cash App Support.
Cash balances (including Savings) of both sponsored accounts and their sponsors are FDIC insured up to $250,000 through our partner banks. If you have multiple Cash App accounts, and/or multiple sponsored accounts, they are included under the same insurance coverage. Bitcoin and investing balances are not covered by FDIC insurance.
Brokerage services by Cash App Investing LLC, member FINRA/SIPC, and a subsidiary of Block, Inc. Investing and purchasing bitcoin involves risk; you may lose money. Bitcoin trading is offered by Block, Inc. Cash App Investing does not trade bitcoin and Block, Inc. is not a member of FINRA or SIPC. For additional information, see the Bitcoin and Cash App Investing disclosures.
Cash App Investing is a self-directed service; you are solely responsible for orders placed through your account. Cash App Investing does not provide investment advice or recommendations.
Fractional shares investing may involve additional risks such as non-transferability. For additional information regarding the unique risks and limitations of fractional shares, please see your Investing Customer Account Agreement.
Debit cards issued and banking services provided by Cash App’s bank partner(s).
Stocks & bitcoin are available to customers under 18 on Cash App with a sponsored account.
A guide on how to buy and sell stocks with your sponsored account
A guide on how to buy and sell bitcoin with your sponsored account
How to maintain control of your sponsored accounts investing
How to stay on top of tax responsibilities associated with your family account
Features and limits for Cash App sponsored accounts
How to sign up for Cash App Families
Sponsors have access to various controls and visibility features with Cash App.
Sponsored accounts are unable to make Cash Card transactions at certain merchants
Sponsored accounts have the option to verify their account when they turn 18.