How To Deposit a Paper Check On Cash App? Easy Steps and Fees

ByMike Smith

Congratulations on your move from Bristol to New York and receiving your first paycheck! Now, you’re probably wondering How To Deposit a Paper Check On Cash App, a popular mobile payment service. Let’s walk you through the step-by-step process and provide essential information about Cash App’s check deposit fees.

 

Revise Basics: What is a Cash App?

 

Cash App is a versatile mobile payment app that allows you to send and receive money, buy and sell Bitcoin, and even deposit paper checks. It’s user-friendly and widely used for various financial transactions.

 

How to Set Up Your Cash App Account?

 

Before you can deposit your paper check, you’ll need to create a Cash App account. Follow these steps:

 

  1. Download the Cash App: Visit your device’s app store, download the Cash App, and install it.
  2. Sign Up: When you open the app, you will see the instructions on your screen. You’ll need to provide your email address or phone number.
  3. Link Your Bank: Link your bank account or debit card to your Cash App account to facilitate check deposits and transfers.

 

Don’t Forget Checking Cash App’s Eligibility

 

Not all Cash App users have access to the check deposit feature. Let’s find out if you are eligible to use Cash App check deposit feature:

 

  1. Open Cash App: Launch the app on your mobile device.
  2. Click on the Balance: You’ll see your current balance.
  3. Look for the “Add Cash:” If you see this option, you’re eligible for check deposits.

 

How To Deposit a Paper Check On Cash App?

 

Once you’ve confirmed your eligibility, follow these steps to deposit your paper check:

 

  1. Tap “Cash & BTC.”
  2. Click “Add Cash.”
  3. Select “Use CVV Instead.”
  4. Enter your check amount and tap “Next.”
  5. Take a picture of the front and back of your check as instructed.
  6. Review the details and tap “Add Money.”

 

Check your account to see your check credits in your Cash App balance.

 

What are the Fees for Cash App Check Deposit? 

 

Cash App does charge fees for certain transactions, including check deposits. 

 

  • Cash App charges a fee of 1.5% of the total standard deposit check amount.
  • For instant deposits (available if you have a Cash App Cash Card), the fee is 1.5% of the total check amount or a minimum of $0.10, whichever is higher.

 

Please note that fees are subject to change, and you should check the latest fee schedule within the app for the most accurate information.

 

Simple Hacks for How To Deposit a Paper Check On Cash App

 

Here are some additional tips to make your Cash App check deposit experience smoother:

 

  • Ensure your check is properly endorsed with your signature on the back.
  • Ensure the check is payable to you, as Cash App only accepts checks made out to the account holder.
  • Take clear photos of the check and make sure all corners are visible.
  • Double-check the check amount before confirming the deposit.

 

Cash App Key Features Apart from Check Deposit 

 

  1. Peer-to-Peer Payments: Cash App is primarily known for its quick and easy peer-to-peer payment capabilities. You can send money to friends and family using their mobile number or email address.
  2. Cash Card: Cash App provides a Cash Card, a physical debit card linked to your Cash App balance. You can use the Cash Card to shop at stores or withdraw cash from ATMs.
  3. Direct Deposit: You can set up direct deposit with your Cash App account for your paycheck, tax refunds, or other regular deposits sent directly to your Cash App balance.
  4. Investing: Cash App offers a feature called Cash App Investing, which allows you to invest in stocks and ETFs with as little as $1. It’s a user-friendly way to start investing.
  5. Bitcoin Transactions: Cash App allows users to buy, sell, and hold Bitcoin, making it easy to get involved in cryptocurrency.
  6. Cash Boost: Cash App offers Cash Boost, which provides cashback rewards at select merchants when you use your Cash Card for purchases. These boosts can offer discounts at popular restaurants and stores.
  7. Bill Payments: You can use Cash App to pay bills, including utilities, credit cards, and more, directly from your Cash App balance.
  8. Bitcoin Wallet: The Cash App provides a simple Bitcoin wallet, allowing you to send, receive, and store Bitcoin within the app.
  9. Cash App for Business: Cash App also offers a business account option that allows small businesses to accept payments, track sales, and manage transactions.
  10. Cash App Boosts: Cash App frequently offers cashback rewards, discounts, and special offers through the Cash App Boosts program, which can provide savings when you use your Cash Card at specific merchants.

 

Conclusion:

 

Depositing a paper check on Cash App is a convenient and straightforward process, allowing you to access your funds quickly. Cash App does charge fees for this service for those who prefer digital banking and mobile payments. Be sure to read if any fee changes and stay informed about Cash App’s policies. Enjoy your new job in New York and your financial journey with Cash App!