Once The Cashtag Is Set Up Cash App Customers Can Add Funds To Their Account By Linking It To An Existing Checking Account Or Debit Card This Allows Funds To Be Transferred Directly To The User S Bank Account And Also Allows Funds From The User S Bank Account To Be Transferred To Cash App Over The Past Few Years Different Apps Have Been Developed To Try And Help People With This Exact Problem There Are Apps Such As Venmo Paypal Superpay And Many More Where You Can Receive And Send Money With Ease No Fdic Offers Insurance On Deposits By Institution Meaning That If Your Bank Goes Out Of Business Your Money Is Protected Up To 250 000 Insurance Coverage Is Not Provided For Individual Transactions Gobankingrates Works With Many Financial Advertisers To Showcase Their Products And Services To Our Audiences These Brands Compensate Us To Advertise Their Products In Ads Across Our Site This Compensation May Impact How And Where Products Appear On This Site We Are Not A Comparison Tool And These Offers Do Not Represent All Available Deposit Investment Loan Or Credit Products If Something Sounds Too Good To Be True Like Free Money In Exchange For A Small Payment It S Likely A Scam Keep In Mind That Cash App To Cash App Payments Are Instant And Usually Can T Be Canceled Following The Above Tips To Recognize Scams Report Phishing Attempts And Keep Your Account Secure To Minimize Your Scam Risk And Protect Your Money