Autopay Terms
Effective Date: December 2, 2025
By agreeing to these Autopay Terms, you authorize Square Financial Services, Inc. (“SFS” or the “Bank”), any assignee of your loan, or any service provider of either (collectively, “we” or “us”) to initiate payments for your loan automatically from your Cash App Stored Balance and/or the debit card you linked to your Cash App account (each a “Payment Account”). These Autopay Terms set forth terms and conditions, in addition to those contained in your loan agreement, that govern these automatic payments. Capitalized terms used but not otherwise defined in these Autopay Terms have the respective meanings given to them in your loan agreement.
Payment of Outstanding Balance
Your loan agreement provides for automatic repayment of the Outstanding Balance on the Due Date and, if applicable, the Payoff Amount after the Due Date. It also provides for automatic payment for optional prepayments as described in Section 4 of your loan agreement.
You can opt out of automatic payments at any time through the following steps:
Click the Borrow icon on the home section in your Cash App
Select your loan
Click “Autopay” in the loan details page
Click “Disable Autopay”
Opting out will, by no later than three Business Days after the date of such opt-out, disable all subsequent automatic payments, including those to be made during the loan term, on the Due Date and (if applicable) after the Due Date.
Optional Prepayment Schedule - Weekly Prepayments
You may enroll in optional weekly prepayments to pay your loan in installments, with any payments scheduled prior to the Due Date being optional (referred to as the “weekly repayments” in the application). If you choose to pay your loan in weekly prerepayments, we will initiate automatic payments on the dates and in the amounts provided to you in your optional prepayment schedule. Enrolling in this prepayment schedule does not opt you out of the automatic payment terms that take effect on the Due Date. Even if you enroll in the optional weekly prepayments , we may initiate automatic payments as set forth above under “Payment of Outstanding Balance.” Of course, payments that you make under this prepayment option will reduce your Outstanding Balance, or as applicable the Payoff Amount, so the automatic payments on or after the Due Date will be lower.
Payment Account for Weekly Prepayments
We will deduct scheduled prepayments from your Cash App Stored Balance. If a prepayment amount is greater than your Cash App Stored Balance at the time of payment, then we will deduct the available amount from your Cash App Stored Balance and initiate payment for the remainder of the amount from the debit card that you have linked to your Cash App account (if any). In this case, we will use the debit card that is linked at the time of the payment. For example, if your payment is $50, but your Cash App Stored Balance is only $30 at the time of payment, we will deduct the $30 in your Cash App Stored Balance and then initiate payment for the remaining $20 from your linked debit card.
Skipped or Missed Weekly Prepayments
You can skip one or more of the scheduled prepayments without penalty or fee. In order to skip a scheduled prepayment:
Tap the Banking tab on your Cash App home screen
Select “Borrow”
Scroll down to “Upcoming” and select the payment you would like to skip
Tap “Skip Repayment”
Please note that you are unable to skip final repayment on the loan Due Date.
You may also skip one or more of the scheduled prepayments by contacting Cash App Support.
You must notify us at least three Business Days before the payment you would like to skip is initiated. You may still ask to skip a prepayment after that, but we cannot promise that we will be able to stop it. When you instruct us to skip a payment, you authorize us to initiate a payment on the next scheduled payment date equal to the amount of the skipped payment plus the amount of the next scheduled prepayment (which may include a remainder from previous scheduled prepayments that were not able to be charged). Payments will then resume according to your scheduled prepayment schedule and these Autopay Terms. If you want to skip additional payments, you will need to go through the skip payment process again.
If there are not enough funds in your Cash App Stored Balance to cover a prepayment and we cannot charge the remainder of the prepayment to your linked debit card on our first try, then we may reinitiate a payment for any remainder of the prepayment as allowed by network rules and applicable law. If we are unable to reinitiate a payment or a reinitiated payment is not successful, we will include the remainder of the prepayment in your next payment (whether a repayment or a payment of the Outstanding Balance on the Due Date). Reasons that we might not be able to charge a payment to your debit card include that the card issuer declines the transaction, the card linked to your account is no longer valid (e.g., it is expired), or you have removed the debit card linked to your Cash App account and have not replaced it with another card.
Skipping or missing a scheduled payment does not cancel your enrollment in weekly prepayments. If You want to cancel your enrollment in weekly prepayments, see the section “How to Cancel Weekly Prepayments.”
How to Cancel Weekly Prepayments
Your enrollment in the weekly prepayments will remain in effect unless you or we cancel your enrollment. Making a voluntary unscheduled loan payment will not delay or reduce your next scheduled prepayment (unless the unscheduled payment lowers your Outstanding Balance to less than the scheduled payment, in which case your scheduled payment will only be for the amount of the Outstanding Balance).
You can cancel scheduled repayments at any time by following the steps listed in the section “Payment of Outstanding Balance” to disable automatic payments. Please note that if you instruct us to cancel scheduled repayments fewer than three Business Days before the next scheduled payment, we might not be able to stop that payment. We may cancel your enrollment in automatic payments at any time and for any reason, including excessive returned payments.
Canceling scheduled prepayments does not affect your duty to repay your underlying obligation according to your loan agreement. However, such cancellation will result in the cancellation of the automatic payments described above in the section titled “Payment of Outstanding Balance”.
Unless you or we terminate your enrollment in optional scheduled prepayments as provided by these Autopay Terms, your authorization will remain in effect until you pay your loan in full.
Optional Repayment Schedules - Pay as You Go
You may choose to enroll in an optional “Pay as You Go” plan, where you make a loan payment when you receive a payment to your Cash App Stored Balance. If You enroll in this plan, we may initiate an automatic loan payment from your Cash App Stored Balance each time you receive a peer-to-peer payment or direct deposit (each a “Qualifying Payment”) into your Cash App account (some exceptions below). We may initiate this automatic loan payment immediately after the Qualifying Payment is credited to your Cash App Stored Balance. The amount of the automatic loan payment will be equal to 10% of the Qualifying Payment (or, if this amount is more than your Outstanding Balance, then the automatic loan payment will be equal to the Outstanding Balance).
How to Cancel Pay as You Go Repayments
Your enrollment in the Pay as You Go plan will remain in effect unless you or we cancel your enrollment. Making a voluntary unscheduled loan payment will not delay or reduce your next payment (unless the unscheduled payment lowers your Outstanding Balance to less than the scheduled payment, in which case your scheduled payment will only be for the amount of the Outstanding Balance).
You can cancel Pay as You Go payments at any time by following the steps listed above in the section “Payment of Outstanding Balance” to disable automatic payments. Please note that if you instruct us to cancel optional payments fewer than three Business Days before you receive a Qualifying Payment, we might not be able to stop that payment. We may cancel your enrollment in the Pay as You Go plan at any time and for any reason, including excessive returned payments.
Canceling the Pay as You Go plan does not affect your duty to repay your underlying obligation according to your loan agreement. However, such cancellation will result in the cancellation of the automatic payments described above in the section titled “Payment of Outstanding Balance”.
Unless you or we terminate your enrollment in the Pay as You Go plan, as provided by these Autopay Terms, your authorization will remain in effect until you pay your loan in full.
Other Terms
Reversals and Credits
You also authorize us to initiate electronic debits or credits to your Payment Account, in the event of an erroneous debit or credit or as otherwise appropriate. If there is any missing or erroneous information with respect to your Payment Account or the associated financial institution, you authorize us to verify and correct such information.
Miscellaneous
You promise that each of your Payment Accounts is legitimate, open and active and that you are an authorized signer on each Payment Account.
If you change the debit card linked to your Cash App account, it will automatically change the debit card that we use for future payments under these Autopay Terms and you authorize us to initiate payments from that debit card in accordance with these Autopay Terms.
You understand that these Autopay Terms are subject to applicable law and network rules. Each payment will be processed in U.S. dollars.
In the event there is any inconsistency between these Autopay Terms and the loan agreement or the terms governing your Cash App account, these Autopay Terms will control to the extent of any inconsistency.
You can find a copy of this authorization on your Borrowed receipt, or you can request a copy by contacting Cash App Support.