Cash App Review 2025: Fees, Features, and How It Stacks Up to Competitors

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Our take: Cash App makes sending, saving, and even investing money easy—all in one app. It’s great if you want a flexible, no-fee way to manage your money on the go. Just keep in mind that some features aren’t available to everyone, and certain transactions come with fees.

Mobile banking app

• Easy peer-to-peer (P2P) transfers
• Contactless pay option
• No monthly fees or hidden charges
• Investment, bitcoin, and borrowing features

• Fees for some services
• No international transfers
• Some features not always available

Core features	P2P transfers, direct deposits, savings, contactless pay
Fees	0.5%–1.75% for instant bank transfers, 5% for loans, $2.50 for ATM withdrawals (unless waived)
Card	Debit card with no monthly fees

Cash App is a peer-to-peer payment platform serving over 50 million people who use the app to send and receive money. It also works as an all-in-one banking app with tools like savings, direct deposit, a debit card, and investing.

In this Cash App review, we’ll look into the platform’s full range of services and explore how it compares to similar apps.

Table of Contents

1. Cash App features
   1. Send & receive money
   2. Savings yield (Cash App Savings)
   3. Cash App Borrow
   4. $Cashtag
   5. Cash App Card
   6. Instant deposit
   7. Cash App investing
   8. Bitcoin (buy, sell, hold with Cash App)
   9. Cash App Pay
   10. Cash App Taxes
   11. Cash App Business
2. Competitors
   1. Venmo
   2. Zelle
   3. Chime
3. User reviews
4. Our verdict

Cash App features

Send & receive money

Instant, free peer-to-peer cash transfer is the app’s core service. You can receive or send funds instantly using an email, phone number, or a $Cashtag username. It’s handy when you need to split a dinner bill or pay a friend.

Standard transfers on CashApp are free, though the platform charges a small fee (0.5% to 1.75%) for instant deposits to your bank account.

Savings yield (Cash App Savings)

With Cash App’s savings feature, you can set money aside for goals like a large purchase, emergencies, or travel. Earn up to 3.75% annual percentage yield (APY) and easily track your progress in the app. Savings are FDIC-insured through the platform’s banking partners, Sutton Bank and Wells Fargo Bank.

Cash App Borrow

If you’re eligible, you can also borrow a small amount of money from Cash App—an instant, short-term micro-loan with no credit check. Note that this feature isn’t available to all users; it unlocks depending on account track record, like a history of consistent, responsible use and direct deposits.

The borrowing limit is usually up to $200, although some users may be able to borrow more. The loan comes with a 5% flat fee and a four-week repayment period. While a handy solution if you need cash fast, it may get expensive with repeated borrowing.

$Cashtag

$Cashtag, your username and Cash App ID, allows you to receive funds without sharing your email address or phone number, thus protecting your privacy. If you’re an entrepreneur or creator, you can customize your $Cashtag to fit your brand.

Cash App Card

You can use the Cash App Card, a free debit card linked to your in-app balance, wherever Visa is accepted: online, in-store, or via a mobile wallet. The card enables direct deposits and instant discounts (“Boosts”) when you shop with partnering merchants. You can also use it to withdraw cash from a network of over 40,000 ATMs if you meet the $300+ direct monthly deposit requirement.

Instant deposit

Do you need to move funds to your bank balance quickly? Cash App offers instant deposits to a linked bank account or debit card for a small fee starting at $0.25 (typically 0.5% to 1.75% of the amount). Or you can opt for a standard deposit, which is free but takes one to three business days.

Cash App investing

This feature is perfectly suited for newer or casual investors who are beginning to explore the stock market. You can purchase or sell stocks directly on the app for as little as $1 with no commission fees, making stock trading accessible for everyone.

The straightforward interface and easy-to-read price charts are highly user-friendly, but full-scale brokerage apps offer a wider range of services.  

Bitcoin (buy, sell, hold with Cash App)

Cash App integrates bitcoin transactions directly into the platform. You can buy bitcoin using your linked bank account or Cash App balance, as well as sell or store bitcoin in-app, send BTC to other app users, or transfer bitcoin to an external wallet, all without setting up a designated crypto exchange account.

Note that Cash App charges a percentage fee and spread when you trade bitcoin. The fee amount will appear on a confirmation screen before you approve the transaction.

Cash App Pay

Cash App Pay is an easy contactless payment method you can use when shopping with participating merchants as an alternative to traditional credit cards. Simply scan a QR code at checkout, whether online or in-store, and confirm payment. The purchases draw directly from your linked debit card or app balance.

Cash App Taxes

Cash App Taxes is a feature offering free, straightforward state and federal tax filing. You can file your taxes, get a refund estimate in-app, and even direct your refund straight to your Cash App balance.

While this isn’t a full-scale tax prep service, it’s a handy solution for everyday users who want to streamline their tax management. The service also supports IRS forms like 1099, making it useful for contractors and self-employed professionals, including those receiving payments on apps like Cash App.

Cash App Business

Cash App Business is a plan for small businesses, entrepreneurs, and freelancers who need to process quick payments but don’t want to set up a full-scale merchant account.

Unlike personal Cash App accounts, which are mainly designed for small transfers between friends and family, Cash App Business allows unlimited incoming payments and larger sending limits. The business plan charges 2.75% on collected payments, without any additional monthly costs.

Cash App’s competitors

While Cash App is a popular P2P payment app, it’s only one of many fintech platforms offering similar services. Cash App’s chief competitors include:

Venmo

Owned by PayPal and serving over 90 million active users, Venmo has become practically synonymous with instant P2P transfers. It also offers a public feed and an option to share transaction notes, which Cash App lacks.

However, Cash App is probably the more attractive option for those who appreciate in-app saving, investing, and tax filing features.

Zelle

Zelle processes instant, fee-free transfers between U.S. bank accounts. Since it works directly through participating banks, funds move extra fast.

Users who prefer a straightforward service that links to their existing bank accounts may favor Zelle over Cash App, but Cash App offers various extra features, like an in-app balance, stock trading, and a physical card.

Chime

Chime’s main focus is digital banking, while Cash App combines banking, P2P payment, and investing tools. Chime users enjoy fee-free checking accounts, early direct deposits, built-in savings, and a Visa debit card.

Meanwhile, Cash App offers more flexibility in transfers to friends and family, collecting small business payments, and lightweight stock and bitcoin investing.

What users say

Platform	Rating	Reviews
Apple App Store	4.8/5	7.9 million
Google Play	4.7/5	3.9 million
Trustpilot	4.6/5	21,345

Cash App boasts an excellent TrustPilot score of 4.6, based on over 20,000 ratings. Many reviewers praise the app for its convenience, reliability, and various perks.

However, others express their frustration with Cash App. For instance, Rosa writes, “They constantly overcharge and overlook many mistakes.” To Cash App’s credit, they respond to all negative comments and invite users to reach out to Support.

Our verdict

Cash App is a convenient and reliable P2P platform that offers:

• Instant peer-to-peer transfers
• No monthly fees or hidden charges
• Fast direct deposits
• Investing and crypto options

On the other hand, Cash App:

• Charges substantial fees for some services
• Doesn’t unlock all options (like Borrow) for all users

If you want a one-stop shop fintech app for instant transfers, basic banking features, and contactless pay, Cash App might be just right for you. However, if you prefer a more traditional digital banking service, Chime may be a better fit, while Zelle supports fast, no-fee transfers between bank accounts.