Cash App (Block, Inc.)
Cash App (Block, Inc.) Cash App Card + Savings
By Alex Compton · Last verified
The P2P giant's checking-adjacent account, with a savings rate gated behind Cash App Green
Insurance: FDIC pass-through to $250,000 only when you have a Cash App Card or sponsored account, via Wells Fargo Bank, N.A., Sutton Bank and/or The Bancorp Bank, N.A. No card, no insurance.
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY / yield | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-10-12 | None on spending balance; savings up to 3.5% with Cash App Green ($300/month qualifying deposits or $500/month card spend); base rate not shown on the official page | $0 | None | Cash App banking page →Savings now up to 3.5% with Cash App Green ($300 deposits or $500 spend); ATM reimbursement now covers MoneyPass network plus one out-of-network withdrawal; partner banks Wells Fargo, Sutton and/or Bancorp; free overdraft up to $200 |
| 2026-06-11 | None on spending balance; savings pays 1.50% base, 3.25% with Cash App Green ($300/month direct deposit or $500/month card spend) | $0 | None | Archive record · no attached snapshotLegacy snapshot before event-level evidence attachments |
Primary-source verification log
Append-only evidence ledger- changed
Savings up to 3.5% with Cash App Green; ATM reimbursement covers MoneyPass network plus one out-of-network withdrawal; partner banks Wells Fargo, Sutton, Bancorp
Fields: apy, fdic, features, atm, pros, ourTake
Cash App banking page →
Features
- ▸Account and routing numbers for direct deposit, with paychecks up to 2 days early
- ▸Savings balance with round-ups and goal setting
- ▸Cash App Green status unlocks up to 3.5% on savings, ATM fee reimbursements and free overdraft coverage up to $200
- ▸Paper money deposits at retail partners (fees vary by retailer)
- ▸Instant P2P payments, Bitcoin and stock investing in the same app
- ▸Free debit card with merchant-funded Boost offers
Pros
- +Frictionless if your social money flow already lives in Cash App
- +Up to 3.5% on savings with an achievable activity gate
- +Early direct deposit and retail cash deposits included
- +Investing, Bitcoin, and taxes bundled in one app
Cons
- −FDIC insurance is conditional: no Cash App Card means no pass-through coverage at all
- −Spending balance earns nothing and ATM access is fee-laden without direct deposit
- −Block is not a bank; this is a money-transmitter product with bank partners
- −Account freezes and support complaints are common at scale
Our Take
Cash App is now a real deposit product, not just a P2P wallet: order the card, route $300 a month of direct deposit, and you get early pay, reimbursed in-network ATMs, free overdraft coverage up to $200, and up to 3.5% on savings. But the insurance fine print is the worst on this page, since balances without a card sit uninsured, and the savings rate trails SoFi and OnePay anyway. Use it as a spending satellite, not a primary bank.
Best for: Heavy Cash App users who want their P2P balance to finally earn something
Open at Cash App (Block, Inc.) →Last verified 2026-10-12
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