Business · Engadget
Cash App now supports accounts for kids 6-12
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Cash App, the banking and payments app run by Block, has added support for parent-managed kids accounts.
Key facts
- Venmo rolled out access to its payment platform to teens between the ages of 13 to 17 in 2023
- Cash App says managed accounts are designed for kids 6 through 12
- The new accounts include key benefits from the service's normal account, with an eye towards teaching financial literacy to younger users ages 6 to 12
- Cash App, the banking and payments app run by Block, has added support for parent-managed kids accounts
Summary
As part of the "expanded Cash App Families experience," eligible legal guardians and parents can create managed accounts that offer "a dedicated place on the platform to send allowances, set aside savings, and track spending for their child, kickstarting their path to financial independence," Cash App says. Kids will get a custom debit card and the ability to receive payments from up to five trusted accounts, though notably they won't be able to access Cash App itself. — Kristen Anderson April 21, 2026. Cash App says managed accounts are designed for kids 6 through 12. A parent-managed account for kids is not a new idea in the fintech space, though Cash App is trying to reach a younger audience than some of its competitors.