Is Cash App Safe To Link to My Bank Account? (All You Need To Know)

When users sign up for a Cash App account, they can link it to a bank account for easier transfers.

Furthermore, if you need to open a Cash App account and are wondering whether it’s safe to link it to your bank account, continue on reading! 

Is Cash App Safe To Link To My Bank Account In [currentyear]? 

It’s safe to link your Cash App to a bank account because encryption and fraud detection technology is used to protect your information in [currentyear]. Furthermore, all submitted information is encrypted and secured in its servers; therefore, you don’t have to worry. However, users also need to take extra caution and protect their accounts from unauthorized access.

Read on to learn more about Cash App’s safety, whether you should trust the financial platform, and how to protect yourself in the article below!

Why Do You Need To Link Cash App To A Bank Account?

Cash App will ask you to link the account with at least one bank account during the sign-up process.

This is important because you can use that bank account to send money to other Cash App users.

Additionally, you can also transfer money from Cash App to the bank.

Furthermore, unlike debit and credit cards, using your bank account to send money does not come with any charge.

How To Add Your Bank Account On Cash App?

Linking your Cash App to your bank is quite easy. Follow these steps.

• Login to Cash App using your email or phone number
• Tap on the profile icon
• Select “Linked Banks”
• Click on the “Link Bank” option
• Follow the instructions to add your bank details
• Save the changes when done and tap “Done” to complete the process

Additionally, if you want to modify your bank account information, you can use the same process and enter new information.

Which Bank Accounts Can You Link To Cash App?

Currently, Cash App accepts major U.S. banks; therefore, as long as you have the account and routing numbers, you can add your bank on Cash App

Additionally, Cash App supports credit and debit cards from Discover, American Express, and MasterCard.

However, it does not support business debit cards, ATM cards, and PayPal.

Can Cash App Be Trusted?

You can trust Cash App when linking it with your bank account as their cutting-edge encryption and fraud detection technology protect customer money and data.

In addition, all the information submitted via Cash App is encrypted and sent over secure servers whether you are using Wi-Fi or data service.

Cash App is also PCI Data Security Standard Level 1 compliant, and it uses the same security standards as Square Point of Sale transactions.

How Can You Keep Your Cash App And Bank Account Safe?

Although Cash App has top-notch technology to keep your account safe, you also need to take measures to protect your accounts from hacking or a breach.

Therefore, here are the steps you can take to ensure the safety of your bank account and Cash App.

• Activate Security Lock

Cash App allows users to set up a security lock using a passcode, PIN, or Touch ID. This will protect your accounts from unauthorized access.

Furthermore, ensure that you don’t share your security lock details with other people. 

To enable this feature, click on the profile icon, select “Security and Privacy,” turn on the security lock and add a passcode.

• Avoid Transactions With Strangers

When using Cash App, you should only send and receive money from people and businesses you know. This protects your Cash App account from hackers.

Additionally, it’s advisable to verify the recipient’s account information before sending any money.

• Be Aware Of Common Cash App Scams

Cash App users are usually scammed if they submit money or personal information to someone purporting to be from the company.

Furthermore, you can also be scammed through cash flipping or payment claims from strangers, so avoid such transactions to keep your account information safe.

Additionally, you should not click on links sent by emails that are not from the Cash App or Square official websites as most fraudsters use such links to gain access to your accounts.

• Turn On Notifications

When you turn on Cash App notifications, you’ll receive alerts anytime you send or receive money.

Furthermore, these notifications are essential because you can track all your transactions and will be able to identify any illegal transactions and report them immediately.

• Don’t Store Large Amounts Of Money On Cash App

If you have a lot of money on Cash App, it’s better to move it to your bank account. Therefore, in case you get hacked, you won’t lose all your money.

Will Cash App Refund Money If You Get Scammed?

Cash App will refund your money if you get scammed in most cases; however, this is not a guarantee.

Though it monitors all accounts for suspicious and fraudulent payments to prevent scams and cancel them before the user is charged, this doesn’t always happen.

To know more, you can also read our posts on why your bank is declining your Cash App payment, why Cash App says transfer failed, and whether you can reverse a Cash App payment.

Conclusion

It’s safe to link your Cash App to a bank account as the company uses encryption and fraud detection technology to protect its platform. Furthermore, all the submitted information is secured in its servers; therefore, you don’t have to worry about your money and information.

However, users also need to take extra caution and protect their accounts from unauthorized access. Therefore, you can enable a security lock, add a strong phone password, turn on notifications, be aware of scams, and avoid transactions with strangers to do this.