Cash App (13+): fees, parental controls & FDIC status

CFPB agreement on file Teens (13–17) Young adults (18–25) Last updated:

Cash App lets teens 13+ hold an account and card with a parent or guardian as sponsor; it is a Block, Inc. product with an active CFPB prepaid agreement, and it draws by far the largest CFPB complaint volume in this directory — worth reading before choosing it for a teen.

Every figure on this page is sourced to an official document — see how in our methodology. Research information only, not financial advice.

Fees

monthly
$0 (no monthly fee)

FDIC coverage, verified

Partner bank
—
FDIC certificate
—
Insurance status
Unknown

Checked against the FDIC BankFind registry by certificate number — not the app's marketing copy.

Change log

Detected from official filings and pricing pages — most recent first.

  1. Official pricing page changed — pricing page content changed (https://cash.app/families)
  2. New fee agreement filed with the CFPB — agreement 33385 effective 2023-04-11

CFPB complaints

69176 complaints on record at the CFPB for Block, Inc., by product:

  • Money transfer, virtual currency, or money service 55529
  • Checking or savings account 8407
  • Prepaid card 1793
  • Credit card or prepaid card 1268
  • Credit card 1079
  • Payday loan, title loan, personal loan, or advance loan 470
  • Credit reporting or other personal consumer reports 277
  • Debt collection 158
  • Debt or credit management 99
  • Credit reporting, credit repair services, or other personal consumer reports 47
  • Payday loan, title loan, or personal loan 45
  • Vehicle loan or lease 2
  • Mortgage 1
  • Student loan 1

Frequently asked questions

Is Cash App FDIC insured for teens?

Coverage depends on the account's status — Cash App is not itself a bank; cards are issued by partner banks and FDIC pass-through insurance applies only in specific configurations (for example sponsored accounts and direct deposit). Check the current terms in the CFPB prepaid agreement (product 58867) before relying on coverage.

Why does Cash App have so many CFPB complaints?

The complaint count shown here is filed against Block, Inc., Cash App's parent company, across its consumer products. The volume reflects a very large user base as well as recurring themes like locked accounts and fraud disputes — the trend, not just the total, is the useful signal.

Sources

Compare this card with the others in the card directory.