Software · head to head
Square Cash vs Cash App
The short version
- Each has a real cost: Square Cash cash App Green status (higher savings rate, free in-network ATM withdrawals, overdraft coverage) requires spending $500 or depositing $300 in Qualifying purchases/deposits per month, per the App Store listing; Cash App the App Store listing states free ATM withdrawals and up to 200 dollars in free overdraft coverage on the Cash App Card are only available once a user qualifies for Green status, not to all users by default.
- They diverge on capability: Square Cash covers Instant deposits, Cash App covers Direct deposit.
Where they differ
Only the attributes on which Square Cash and Cash App actually diverge.
| Attribute | Square Cash | Cash App |
|---|---|---|
| Founded | 2014 | 2013 |
Identical on both: starting price (Free), pricing model (free), free tier (Yes), platforms (IOS, Android), user rating (Not yet rated), category (Unknown).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Square Cash
- Instant deposits
- Transaction history
- Customer support
Only in Cash App
- Direct deposit
- Bitcoin trading
- Stock investing
- Cash Card
Both cover
- Money transfers
- Bank accounts
- IOS support
- Android support
What people use each for
The jobs each tool is most often brought in to do.
Square Cash
- Budget Management
- Expense Tracking
- Investment Tracking
Cash App
- Budget Management
- Expense Tracking
- Investment Tracking
Both are used for budget management, expense tracking, investment tracking, on those jobs the choice comes down to price and fit rather than capability.
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Square Cash
- Cash App Green status (higher savings rate, free in-network ATM withdrawals, overdraft coverage) requires spending $500 or depositing $300 in Qualifying purchases/deposits per month, per the App Store listing
Cash App
- The App Store listing states free ATM withdrawals and up to 200 dollars in free overdraft coverage on the Cash App Card are only available once a user qualifies for Green status, not to all users by default.
Pricing, plan by plan
Square Cash
Free- FreeFree
- P2P transfers
- Instant deposits
- Mobile app
Cash App
Free- FreeFree
- Money transfers
- Direct deposit
- Mobile app
- Cash App Investing$undefined/month
- Stock trading
- Bitcoin trading
Which should you pick?
Choose Square Cash if
- You need instant deposits.
- You want to start without paying.
- You work on IOS, Android.
- You also want transaction history.
Choose Cash App if
- You need direct deposit.
- You want to start without paying.
- You work on IOS, Android.
- You also want bitcoin trading.
Questions people ask
- Is Square Cash or Cash App better?
- Neither clearly leads. Square Cash starts at Free and Cash App at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Square Cash or Cash App?
- Square Cash starts at Free and Cash App at Free.
- Does Square Cash or Cash App run on more platforms?
- Both run on IOS, Android, so platform support will not decide this one for you.
- Can I use Square Cash for free?
- Both have a free tier, so you can try either at no cost before committing.
- What is Square Cash best used for?
- Square Cash is most often used for budget management, expense tracking, investment tracking.
- What can Square Cash do that Cash App cannot?
- Square Cash covers Instant deposits, Transaction history, Customer support. Cash App covers Direct deposit, Bitcoin trading, Stock investing, Cash Card. Both handle Money transfers, Bank accounts, IOS support, Android support.