The platform lets customers pay or request money from other users who have connected a bank account, credit card, or debit card. Prepaid cards can also be used to add money to Cash App, but you can't transfer your Cash App balance to a prepaid card.
In many ways, Cash App functions like a traditional bank account. Once you've signed up, you'll get an account number and a routing number. So you can deposit cash, set up direct deposit with your employer, and get a debit card (called a "Cash Card"). However, it's important to note that Cash App is a financial platform -- not a bank. The company partners with banks to provide banking services (like issuing debit cards and setting up direct deposits).
When you're ready to transfer money from Cash App to your bank account, you can initiate a deposit through the app or your browser. Standard deposits are free and usually take two to three days to process, while instant deposits come with a 0.5% - 1.75% fee (minimum of $0.25) and arrive in your bank account right away.
If you'd prefer to pay for goods and services using your Cash App balance, you can do so by using your Cash Card -- both online and at brick-and-mortar stores. Or, if you're buying from a merchant that uses Square, you can open Cash App and scan the QR code on their point-of-sale system or on their website.