Why Is Cash App Asking For SSN?

If you are new to Cash App, opening an account will require providing your SSN. But why is Cash App asking for SSN?

Why is Cash App asking for SSN? As with the majority of financial institutions, Cash App is required by law to ask users to verify their identity by entering their SSN. This is done in order to prevent fraud and keep the app itself safe for all users. It is possible to install Cash App without providing an SSN, but you will be classified as unverified.

A woman in gloves holding a phone and a card

It is possible to use the app as an unverified user. The only difference is that the amount of money you will be able to send will be limited.

Why Is Cash App Asking For SSN?

There are a few reasons why Cash App may be asking for your SSN, and the first might be that you haven’t completed the account verification process. This process requires that you provide some personal information, including your full name, date of birth, and SSN. This is due to the fact that the app must comply with KYC (Know Your Customer) regulations and is required by law to do so.

Another reason Cash App may ask for your SSN is if you’re trying to send or receive a large amount of money. To help protect against fraud and scams, the app may request additional information from you before allowing these types of transactions.

When you open and set up your account with Cash App, enter your name, phone number, and email address because that is all that is required. The next step is when you receive a PIN code to link your bank account to the app.

Can I Still Use the App if I Withhold My SSN?

If you’re not comfortable providing your SSN to Cash App, you can still sign in on your device and use the app to send and receive smaller amounts of money. However, you’ll be limited in how much you can send and receive until you complete the account verification process. So there’s no need to stop using the app and all the great features it offers. Here are some tips on how you can use it without providing your Social Security Number:

  • Download Cash App, and use your email address to create an account,
  • Use your debit card information for the app,
  • When you choose the option to send money, you can select “I don’t have an SSN,”
  • Enter the receiver’s phone number,
  • Choose either “Pay” or “Request” and tap it,
  • The other user will then receive a verification code,
  • They should enter it in the verification field,
  • The moment they complete the verification, the transaction will be completed.

Keep in mind that you will only be allowed to send or receive less than $250 a week, so without a Social Security Number, your account will be limited.

Which Features Require My Social Security Number?

Basically, in order to use Cash App, providing a Social Security Number isn’t mandatory. However, there are some features and options that will not be available to you until you verify your account. So, if you want to purchase Bitcoin or receive larger sums of money (more than $10,000,) you are required to provide your SSN.

If you don’t provide this piece of information, your money will be pending, and Cash App will uphold your funds in an escrow for you. You will not be able to spend these funds unless you provide an ID that contains your Social Security Number. If you do verify your account with an SSN, you will raise your limit to $7,500 for sending and get no limit to the amount for receiving.

An elderly couple making an online purchase

Advice by Cash App on Online Protection

Cash App Support offers some advice on how to keep your account safe. Although the app itself provides fraud detection technology and cutting-edge encryption to keep your funds secure, taking several other precautions is recommended.

Protecting IdentityProtecting Your EmailProtecting Your Phone
Provide your Social Security Number (SSN) within the app, and receive all the features.If you’ve connected your email address with the app, ensure you’ve enabled two-factor authentication.In order to keep your account safe, you should set up a password or other form of protection for your mobile device.
Never offer or share your Social Security Number with anyone outside of the app.

Cash App Offers Many Benefits

Cash App is a great way to send and receive money, especially if you are frequently sending money to friends or family. The app is very user-friendly and makes it easy to send money to anyone, even if they don’t have a Cash App account. You can also use Cash App to request money from others, which is great if you are owed money or need to split a bill.

Cash App also has a debit card, which can be used for making purchases or withdrawing cash from ATMs. Overall, Cash App is a great way to send and receive money, and its features make it a convenient option for many people. So, there are a number of benefits to using Cash App, including:

  • It’s fast and convenient,
  • You can send or receive money with just a few taps,
  • You can withdraw money from ATMs with their card,
  • It’s a great way to split the bill with friends,
  • You can use it to pay for goods and services,
  • It’s secure and user-friendly, and can not be traced.

Your SSN Is Important for Security Reasons

Your SSN is being requested by Cash App since it is now required by law. It means that you should supply this piece of information when creating an account with them. There is some good news – Cash App will still let you utilize its services without giving away your Social Security Number if you don’t want to. However, unless you give them the necessary verification, the features will be restricted.