Cash App, being a peer to peer money transfer application, allows users to create an account on the app and then proceed to transfer funds within different bank accounts. Now, the question arises, does Cash App allow users to have 2 bank accounts at once?
Well, YES! Cash App does allow users to have two accounts at once, but you will require a different bank account and login credentials in order to possess them. Taking this into consideration, it is emphasized that 2 Cash App accounts may prove to be of much help as you can use one for personal purposes and the other for business transactions. But again, it is stated that you will have to enter different bank accounts, card, phone numbers, and email addresses in order to do so.
If, for instance, you possess 2 android Sims, then the job is much easier for you. All you have to do is create a new mail and attach a new bank account with the account and your job is done!
How To Create a Second Cash App account?
You can follow the below mentioned steps in order to create a second account on Cash App:
- First of all, download and open the application on your phone.
- Then, after logging in into your account, tap on the “Profile” icon present at the top of the screen.
- Scroll down to the bottom and tap on “Sign Out” option.
- After you have signed out your first account, the page will be redirected to the Sign In page.
- Tap on the Sign In option to open a new Cash App account.
- Start the sign in process by entering your phone number and email address.
- After this, you can verify your phone number or email address.
- Select your country and choose the account type as either personal or business.
- After this, you will have to add your banking details through a debit card. You will also be required to enter your card number, CVV, and other bank details.
- Enter your personal information such as your address and area Zip code.
- Follow all the given on-screen instructions and enter the required information.
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Requirements to Create a Second Cash App Account
You can not just enter different details and consider that you are now eligible to open a second account. There are some terms and conditions for it.
First of all, considering the latest Cash App policies, you can only use one Cash App account at a time and the sending limit is only $7500 per week. So, if you desire to send more money than $7500, you will have to create a second account.
The most important part to create a second account is that you will have to connect a different bank account with the second Cash App account. Apart from these details, you will also be required to enter accurate information about yourself and it doesn’t matter if this information is similar to the one provided on the first account.