Cash App is a financial services platform, and not an FDIC-insured bank. FDIC insurance only covers the failure of an FDIC-insured depository institution.

If you have a Cash App Card or a Sponsored Account, or if you sponsor one or more Sponsored Accounts, your Cash App Balance and your Savings Balance are eligible for FDIC pass-through insurance, if certain conditions are met, through our Program Banks Wells Fargo Bank, N.A. and Sutton Bank, Members FDIC. The FDIC insures your balance only in the event that the Program Bank holding those funds fails.

Those funds are eligible to be insured up to $250,000 per customer when aggregated with all other deposits held in the same legal capacity in any of your other accounts at each Program Bank, if certain conditions are met. If you have multiple Cash App accounts (including Sponsored Accounts), they are included under the same aggregate $250,000 limit. 

If you do not have a Cash App Card or a Sponsored Account, and if you do not sponsor a Sponsored Account, your Cash App Balance and Savings Balance are not deposit products and not eligible for FDIC pass-through insurance. FDIC pass-through insurance does not cover Bitcoin or Investing holdings.

Does FDIC insurance cover fraud on individual transactions?

No, FDIC pass-through insurance coverage does not cover fraud on individual transactions. The FDIC only insures your Cash App Balance and your Savings Balance if you have a Cash App Card or a Sponsored Account, or if you sponsor one or more Sponsored Accounts, if certain conditions are met and our Program Bank that holds your funds fails. 

We do offer help for individual transactions. If you have an issue with a transaction, you can submit a dispute or reach out to Cash App Support.