The 10 Most Common Cash App Scams

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Cash App is an innovative, peer-to-peer payment app by Square. The service has proven to be extremely popular with millennials who are more comfortable using technology to pay each other rather than cash. The app is designed to be used for everyday purchases, but there are some thieves out there who want to use the service as a way to steal your hard-earned money.

The Cash App allows you easy access to sending and receiving immediate funds from family and friends via debit card or bank account—and it’s extremely quick. The company offers an instant deposit feature where money can be sent and received in real-time. The Cash App has made it easy to split the dinner bill, pay for a cab or even send your buddy $5 for his beer at last night’s party. The ease of use and the immediate gratification of sending cash is very appealing to millennials.

Unfortunately, the Cash App has also recently gained popularity with online scammers. The app is almost always used to pay for goods and services which are not authorized by the account holder—and usually at rates higher than what would be charged in person. The Cash App makes it very easy to clean out someone’s bank account without their consent.

Ever been shopping and looked down to see that a couple of bucks have ended up in your pocket? If so, you may have met a Cash App scammer. The reason they can steal money from you is that it’s really easy to remain anonymous on the app – until now. Here are all the Cash App scams:

10 Dollar Bill Scam:

The first type of scam is the “10 dollar bill.” The scammers print their own cash app bills and leave them around where people will find them. The person who finds the money thinks it’s real, takes it home, and tries to use it to pay someone online.

Fake Transaction History:

The second type of scam occurs when the Cash App user meets up with someone, only to find out they no longer have the money that was supposedly sent to them. The scammers will tell you that they’ve sent the money but it hasn’t shown up yet, and ask for your phone number so they can send you a screenshot of their transaction history (which shows payment). The cash app requires all transactions be completed via email when sending money.

Use of Outdated Version Scam:

The third type of scam is when the Cash App user meets up with someone who has an old, outdated version of the app. The cash app is designed to allow only one account per phone number. The person with the outdated version of the app sends a photo of a check or money order, then asks the user to withdraw that exact amount from their bank and send it back via Cash App. The victim ends up sending actual money instead of virtual funds, and never gets anything in return. The user then ends up having to deal with bank fees that are incurred due to the mistake.

Transfer Scam:  

The fourth type of scam occurs when the Cash App user transfers money, but it’s unclear to them which purchase they paid for. The app keeps tabs of all transactions within the “activity” tab so it is clear which purchase was paid for. The Cash app sends a push notification when the money is transferred, but this feature can be turned off in the settings menu under push notifications.

ATM Withdrawal Scam:

The fifth type of scam occurs when you meet someone at an ATM to buy something with cash; they ask that you withdraw the money and send it to them using Cash App. The user thinks they are simply transferring money so the other person can withdraw it, but in reality, the app is allowing the scammer to access their bank account. The scammer has full access to your bank account and can clean you out completely.

Fake Apartment Rentals:

The sixth type of scam occurs when the scammers will post ads for apartments to rent and then the scammer will show an impressive house. The scammer will ask you to wire the deposit and then the scammer will prepare fake documents. The scammer will disappear after receiving the money. Or, the scammer will pretend to be the landlord and the scammer may ask you to wire the rent money and disappear after that.

Text Message Scams:

The seventh type of scam occurs when you receive a text message from Cash App support about an issue with your account. The victim is told that they need to open the Cash App app, go into their settings, and type in a code sent via text message. The scammers have your phone number now, so they send themselves thousands of dollars from your bank account.

Incorrect Information Scam:

The eighth type of scam occurs when someone sends you money through a cash app with incorrect information. The victim takes the money to be deposited into their bank account but it ends up being sent somewhere else instead.

Fake Information Scam:

The ninth type of scam occurs when you try to withdraw cash at an ATM and do not see your Cash App balance, then enter your debit card information to check the balance. The scammers have control of your bank account because you gave them your information when trying to withdraw cash at the ATM. The Cash App may have given you a notification that you received money but not an actual transfer amount.

Craigslist scams:

The tenth type of scam occurs when you are trying to sell an item on Craigslist and receive a text message from someone interested. The buyer asks you to use the Cash App so they can purchase your product by sending money quickly, but it is just a fake phone number. The cash app only allows the senders of cash to know the cash app user’s phone number, so the fake buyers will not know who they are sending money to.

The cash app does not allow you to sell items from within the app, but there is a way around that as well by creating a new email address and username for each transaction. The victim then has no way of contacting that buyer via their Cash App account. The buyer will ask you to withdraw the money and send it to another account. The buyer could then take that cash app username/email address and create a new username/email address and start this scam all over again.

The Cash App has a way of tracking where the debit card was issued from because there is a GPS location on every transaction. The Cash App will know if you are withdrawing from a location that is not the same as where your bank account was issued from.

The buyer can create a fake post on Craigslist and use a random user’s phone number to text the seller, then after receiving an answer they ask for that person to use the cash app so they can send them money. The buyer will then ask the seller to withdraw that money and send it to them, which is part of an online scam. The buyers will take the cash app username/email address and create a new username/email address and start this scam all over again.

Ten tips to avoid being scammed:

1. The Cash App will never request your login information. The first layer of security is that the app only allows one account per phone number.

2. The Cash App does not send or request payment via text message, so don’t ever give out your cell phone number.

3. The Cash App discourages using public wifi for transacting money.

4. The Cash App will never ask you to change any of your account security information.

5. The Cash App will never request a wire transfer.

6. The Cash App will never send a payment for an order and ask for a refund via another cash app user.

7. The first withdrawal on the app is always clearly labeled as a “Cash” transaction.

8. The Cash App will never request that you purchase a gift card or iTunes card to receive funds.

9. The Cash App will never ask for your four-digit pin number.

10. The Cash App will not randomly generate a user’s phone number.

What is Cash App doing for enhancing security?

The Cash App encourages users to review their security settings. The Cash mobile payment system offers an optional extra layer of protection for unverified users. The Cash App allows users to set up a 4-digit pin code that will be required every time they access the app.

The new version of the Cash App clearly marks any withdrawals made on your transaction history that were completed by a Cash App user. The first withdrawal made on the app will be clearly labeled as a “Cash” transaction, and there will be no way to edit or change that information after it is sent. The Cash App now notifies users when a user’s phone number has been changed without verifying the new phone number. The

Cash App will require users to verify their phone number before they can complete any funds transfers. The app also has a verification system that allows users, who have already validated their phone number, to receive an email or text message with a code for each transaction completed by other members using the app.


The Cash App encourages all its users to contact the company for help if they suspect fraudulent activity. The Cash App is not required to get a bank account number to make a purchase. The company will never ask for your banking information, including PIN numbers or passwords. The Cash app allows users to share their phone numbers with friends and family, but some users have been sharing their usernames on social media which can open up users to scams. So, users must be vigilant while using Cash App.

I lead product content strategy for SaltMoney. Additionally, I’m helping our broader team of 4 evolve into a mature content strategy practice with the right documentation and processes to deliver quality work. Prior to Instacart, I was a content strategy lead at Uber Eats and Facebook. Before that, I was a content strategist at SapientNitro, helping major Fortune 500 brands create better, more useful digital content.

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