Like many other digital applications designed to transfer and receive monetary funds, CashApp is here to stay and become a part of Americans’ lives. Since it has more than proven the quality of its services since its launch in 2013.
Currently, you can only use the CashApp mobile payment tool if you are within the boundaries of the North American country. Since, to create an account and manage the application you need to verify your identity and address through personal data.
So, besides asking you these questions: “Free Cash App Money Generator”, “Does Zelle work with Cash App?“, and “How to Transfer Money from Varo to Cash App?”, you should also know about the relevance of SNN in the app.
Do I need to provide my SNN to use CashApp?
It is an undeniable fact that mobile applications with little verification have managed to position themselves and outperform many other traditional processes for mobilizing digital money. Among them, CashApp has deservedly earned a place on users’ devices across the country.
Although there is a general fervent concern due to the rise of virtual identity theft over the past few years, when it comes to this platform you need not fear. They have the necessary security protocols and methods in place to keep your data and finances under control.
The above is mentioned because many Americans are uncomfortable handing over their social security numbers, bank accounts, and IDs to an online application. But, again, the information provided to CashApp is secure.
It should be made clear that, indeed, when you register and sign up for this mobile payment service, you will find the section to provide your SNN. Previously, providing this number was essential to get a space in the app, but this has been updated.
So, nowadays, it is not totally necessary to partially or completely write the 9 digits that constitute the Social Security Number. Since they have been engaged in designing more advanced verification measures that have allowed this personal data to be preceded.
However, we must clarify that, although you can still send and receive money through CashApp without giving your SNN, your account will be limited. That is, you will not be able to perform or access specific tools or benefits granted by the company to those users who do.
What happens if I don’t submit the SNN in CashApp?
As we made reference, although you could continue to use the CashApp application in a limited way, there are some interesting tools that you will not be able to use. Moreover, you would need to let go of the idea of using this platform freely, since you will have certain restrictions.
In the first instance, those customers who provide the regulatory 9 digits of their Social Security number will be able to send and receive the amount of money they require or want. While users who do not will be limited to receiving and depositing up to $250 per week securely.
But, this is only a possibility, as any payment made may be withheld or reversed for raising suspicions on the platform. Even if more than one alert or non-compliance with CashApp rules is reported, there is a possibility that your overall account will be suspended.
So, we can assure you that, if you would rather not link this data, you can still enjoy the experience they offer, only it would be limited to $250 every 7 days, which might seem like a pretty low amount considering that verified accounts can receive up to $10,000 without any inconvenience.
Besides, not only would you have that problem with the limit of movements, but also your actions or possibilities within the application will be limited. Since you will no longer be eligible to get a debit card, buy or exchange cryptocurrencies or shares, among others.
Let’s remember that the company requests this type of information to guarantee a safe and reliable space for all its members, as is the case of SNN.
Why do I need the SNN in the Cash App?
The Social Security Number is a numeric sequence that identifies and individualizes you in the United States. Thanks to this number, both the U.S. government and other companies or platforms such as CashApp, can be sure of who you are and verify your identity and address.
This is essential to maintain the margins and security standards required by a mobile payment application that is so prevalent today. Providing the SNN is part of their KYC (Know Your Customer) policy that seeks to regulate the activity of their members.
Those users who provide their full information for verification have the ability to:
|Send to any account up to 7500 $ every 7 days.||Receive up to $10,000 per week.|
|Receive refunds or excess tax refunds and payments to your CashApp account.||Purchase shares of stock in companies or organizations.|
|Access and use a physical CashApp debit or credit card.||Provide this account to government agencies or programs to receive financial welfare assistance from them.|
|Choose to invest certain funds in cryptocurrencies.||-|
I already have the SNN, what other requirements do I need to create a CashApp account?
First, you need to download the CashApp application on your mobile device, although you could also open an account through their online platform. But, to fully proceed with opening your account you will have to provide the following requirements:
- Personal cell phone number
- Personal email address
- Verification codes issued to either of the two options mentioned above
- Full first and last name
- Date of birth
- Link your bank account or credit/debit card, this requirement is totally mandatory to open an account on this application
- Social Security Number or SNN
Again, we highlight that there are things, the SNN for example, that are no longer necessary or mandatory to generate and manage money in CashApp.
- App, Cash. How to Set Up a Cash App Account. YouTube, https://www.youtube.com/watch?v=4WRKELQGuKI.
Elizabeth. “Tips on How to Use Cash App without an SSN.” Cheese Home, earncheese.com, https://www.earncheese.com/post/how-to-use-cash-app-without-ssn.
“Is It Safe to Give Your Social Security Number to Cash App for a Card? – Quora.” Quora, https://www.quora.com/Is-it-safe-to-give-your-Social-Security-number-to-Cash-App-for-a-card.
“Keep Your Money and Account Safe on Cash App.” Cash App – Do More with Your Money, https://cash.app/help/3127.
Langdon, Amy. “Why Is Cash App Asking For My SSN.” Money Task Force | The Ultimate Personal Finance Blog, Money Task Force, https://www.moneytaskforce.com/money/why-is-cash-app-asking-for-my-ssn/.
“Why Do I Need to Verify My Identity (ID Verification)?” Cash App – Do More with Your Money, https://cash.app/help/US/en-us/6508-identity-verification.