Block, Inc., formerly Square, Inc., launched the app in 2013 (initially named Square Cash) to compete with mobile payment apps like Venmo and PayPal. $4,999.99 weekly spending limit for P2P paymentsĬash App allows you to send, receive and invest money from your mobile device.Combined weekly spending limit of $6,999.99, including Venmo Debit Card, merchant and P2P payments.$299.99 weekly spending limit for unverified accounts.Users can verify their account through Cash App to potentially access higher sending and receiving limits.$1,000 receiving limit per 30-day period.$2.50 fee per ATM transaction at ATMs with the Mastercard, PULSE, Cirrus or MoneyPass marks.$2 fee per ATM transaction (Cash App reimburses fees for up to three ATM withdrawals per 31-day period, up to $7 per withdrawal, for users with at least $300 in total direct deposits each month).3% fee for sending money via credit card.$0 for sending money from a linked bank account, debit card or Venmo account balance.
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