Parents today worry that as their kids embrace money apps, they won’t understand the value of a dollar. She can see her daughter’s transaction history on the app and Ryleigh can pay for things with a Cash App debit card. Now, rather than walking her mother-in-law through another app setup, Romer links her own PayPal account to her Cash App to transfer the money. Cash AppFees: Cash App, which is owned by Block, offers standard deposits to your bank account and instant deposits to your Cash App debit card. Parental oversight: If you have a verified Cash App account, you can sponsor an account for anyone ages 13 to 17.

Source: Wall Street Journal July 01, 2023 23:07 UTC