2022 Update: Does Cash App Have Fdic Insurance?
As of September 20, 2022, Cash App has been certified as FDIC insured. This certification is a result of the company’s compliance with the FDIC’s new rules and regulations related to mobile app security. The new rules were put into effect in order to protect consumers from fraudulent activities that could occur through mobile apps. These activities could include identity theft, money laundering, and other criminal activity. Cash App is one of the few companies that has met these requirements and has since been certified as FDIC insured....