Is there a way I can use Cash App stock options under 18, how so?
Cash App has all the payment services like online money transfer, receiving payments and withdrawing money. Users can also invest in Bitcoin and Stocks. Android and iOS users can install the application. Visit App Store or Google Play Store to download the application. To run a Cash App account, one should be at least 18 years old. One can use a mobile number or email address to open an account. Add your debit card to the Cash App for quick payments. Provide your details including SSN.
Once you create an account on Cash App, you can enjoy the following services:-
- Send money online to friends or relatives
- Receive payments on Cash App wallet or linked bank account.
- Withdraw money using Cash Card from ATMs
- Direct deposit feature to receive paychecks or other checks early on Cash App.
- Investing in Bitcoin
- Trading in Stocks and
- Payments for online and offline purchases at different merchant stores.
Now, the question is can you use cash app stock options under 18? The answer is No. There are limitations with under 18 or teenager accounts. Users can't enjoy investing in Bitcoin and Stocks on Cash App. These features are available for only 18+ account holders.
As far as, under 18 account is concerned, anyone aged between 13 to 18 years can access the expanded Cash App features in the US that includes P2P transactions, Cash Card, Direct Deposit, and Boost. However, approval of the parents or guardians is mandatory. A teenager can open an account only after getting approval from the parents. Once parents approve the request, they will become the legal owner of the minor account.
Parents or guardians can track the activity of the minor account and close/pause the account at any time by approaching customer support. Thereafter, a teenager can access almost every feature of the Cash App except Bitcoin, Investing, Check Deposit, Paper Money Deposit, etc. If you want any clarification, contact Cash App Support.
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