Is Cash App Available for Use in the UK?

Cash App is not available for use in the United Kingdom. The financial technology company ceased its operations in the UK in September 2024, choosing to concentrate its services primarily within the United States market.

Cash App’s Past Presence in the UK

Cash App launched its services in the United Kingdom in 2018, marking its first international market expansion outside of the United States. During its operation, the platform offered core peer-to-peer (P2P) payment functionalities, allowing users to send and receive money within the UK. The service also offered a linked debit card, known as the Cash Card, for spending and cash withdrawals.

The company shut down Cash App UK in September 2024. Challenging market conditions and intense competition from established local fintech players, such as Revolut and Monzo, were also contributing factors to the decision.

Upon the cessation of services, Cash App advised existing UK users to withdraw their funds. The company assured customers that their money would remain safeguarded and accessible until fully withdrawn.

Using US Cash App Accounts Internationally

While Cash App is primarily designed for use within the United States, its functionality becomes significantly limited when a US-based account holder is physically located outside the country. The core services of Cash App, such as sending and receiving peer-to-peer payments, adding funds, or withdrawing funds, are generally restricted to the US.

The Cash Card, which is a debit card linked to the user’s Cash App balance, may offer some international utility, particularly where major card networks like Visa are accepted. However, transactions made with a US Cash Card outside the United States or with international online merchants are typically subject to a 2% international use fee. This fee applies to each transaction unless specific criteria are met, such as receiving $300 or more in paychecks directly deposited into the Cash App account in a given calendar month.

Despite potential Cash Card use for purchases, the underlying Cash App account’s primary functions remain tied to the US financial infrastructure. The account’s base currency is USD, and its primary operational capabilities are designed for the US regulatory and banking environment. Therefore, while limited card functionality might exist, the comprehensive suite of Cash App services is not available for US users attempting to conduct financial activities abroad.

Core Features of Cash App in the United States

Within the United States, Cash App offers a range of financial services designed for ease of use and accessibility. A primary feature is peer-to-peer payment functionality, which allows users to quickly send and receive money using a unique identifier known as a $Cashtag, an email address, or a phone number. This enables seamless transfers between individuals for various personal transactions.

The platform also provides a customizable debit card, the Cash Card, which is directly linked to the user’s Cash App balance. This card can be used for everyday purchases and ATM withdrawals, and it often includes “Boosts,” which are instant discounts at specific merchants. Users can activate and manage their Cash Card directly through the app.

Cash App supports direct deposit, allowing users to receive paychecks, government benefits, and tax refunds directly into their Cash App balance. Funds from direct deposits can be available up to two days earlier than with many traditional banks. There are limits on direct deposits, typically up to $25,000 per single deposit and $50,000 within a 24-hour period. Enabling direct deposit often requires ordering and activating a Cash Card.

Another significant feature is the ability to invest in stocks and Bitcoin directly within the application. Users can buy and sell whole or fractional shares of stocks, with some investments possible for as little as $1. For tax purposes, Cash App Investing provides an annual Composite Form 1099-B to users who sell stock or receive $10 or more in stock dividends. Additionally, if Cash App is used for business transactions, and specific IRS reporting thresholds are met (e.g., over $600 in payments for goods and services in a calendar year), a Form 1099-K may be issued for tax reporting.