Is my Cash App balance insured by the FDIC?

If you have a Cash Card, or are a sponsor of any active sponsored accounts, up to $250,000 of your Cash App account balance is covered by FDIC insurance through our partner bank Wells Fargo Bank, N.A., Member FDIC. All active sponsored accounts and their sponsors are also FDIC insured with or without a Cash Card. The FDIC insures your balance in the event that Wells Fargo Bank, the bank holding your funds fails. 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; investing balances, however, are protected by SIPC.

Does FDIC insurance cover fraud on individual transactions?

No, the FDIC insures your Cash App balance up to $250,000 if our partner bank that holds your funds, Wells Fargo Bank, goes out of business. FDIC insurance coverage does not protect individual transactions. We do offer help for individual transactions. If you have an issue with a Cash Card purchase, you can file a dispute. You can also report a potential scam payment. Recognizing and avoiding scams can be helpful in preventing the need to file a claim.