Is Apple cash safe for kids?

You can view your Apple Cash balance on your Apple Cash card in the Wallet app or in Settings > Wallet and Apple Pay. You can also set up Apple Cash for family members under 18 years old, so you can safely send them money they can spend with their own Apple Cash card.

Can kids use Apple cash?

You can set up Apple Cash for the children and teens in your Family Sharing group so they can make purchases, and send and receive money in Messages or Wallet. You can even limit who your child can send money to, get notified when they make transactions, and lock their account.

Can a 12 year old use Apple cash?

Set up Apple Cash Family

The family organizer can set up Apple Cash for a child. They can use Wallet to see the card balance, monitor transactions, and limit who the child can send money to. Go to Settings > [your name] > Family Sharing. Tap the child you want to set up Apple Cash for.

Why can't kids use Apple cash?

To send and receive money using Apple Cash, you must be a resident of the United States and your device must be in the United States. If you're under 18 years old, your family organizer must set up Apple Cash for you as part of Apple Cash Family.

Can parents see when you use Apple cash?

The transaction statement is sent to the email associated with the organizer's Apple ID. If your child is over 18 years old and they take ownership of their Apple Cash account, you won't be able to view their Apple Cash activity.

How Apple Cash Family can help your kids develop good money habits

How private is Apple cash?

Apple Payments Inc. will store and use your transaction data for troubleshooting, to prevent fraud, and to comply with financial regulations once a transaction is completed. The rest of Apple doesn't know who you sent money to, received money from, or where you made a purchase with your Apple Cash card.

How secure is Apple cash?

Apple won't request payment via Apple Cash, and will never ask for your Apple ID password, verification codes, device passcode, recovery key, or any account security details. Never share this information with anyone else.

How do I turn off Apple cash for my child?

What is Apple Pay vs Apple cash?

Apple Pay offers an easy way to make mobile contactless payment with your Apple device, via the Apple Wallet app, while Apple Cash lets users in the US send and receive money, hold an Apple Cash balance and transfer money back to a bank account easily.

Can kids under 13 use Cash App?

Users under 18 can get access to expanded Cash App features in the US (including P2P transactions, Cash Card, Direct Deposit, Boost, bitcoin*, and stocks*) with approval from a parent or guardian (sponsor).

Can I send my daughter Apple cash?

You can view your Apple Cash balance on your Apple Cash card in the Wallet app or in Settings > Wallet and Apple Pay. You can also set up Apple Cash for family members under 18 years old, so you can safely send them money they can spend with their own Apple Cash card.

Is it illegal for a 12 year old to have Cash App?

Anyone 13+ can request a Cash Card. Customers 13-17 can get access to expanded Cash App features in the US with approval from a parent or guardian.

What is the minimum age for Apple cash card?

Be at least 18 years old and live in the United States. Have a compatible device with the latest iOS, iPadOS, or watchOS. Set up two-factor authentication for your Apple ID. Sign in to iCloud with the same Apple ID on any device that you want to use to send or receive money.

Can my child have venmo?

While Venmo, Zelle, and PayPal don't technically allow minors to open or use accounts, many parents just log in to their own accounts on their children's devices. This violates the terms of service for these apps and may lead to your account getting shut down permanently.

What is the limit for Apple cash?

You can transfer up to $10,000 per transfer and up to $20,000 within a seven-day period from Apple Cash to your bank account. You can only transfer your money to a bank account in the United States.

Why can't I use Apple cash?

Your account may be locked if there's suspected fraud on the account, or if additional security checks need to be completed. If your account is locked, you can't use Apple Cash to make purchases, send or receive money, add money to your account, or transfer money to your bank.

Is Apple cash safer than Apple Pay?

Apple Pay is certainly safer than cash and it has more safety features than credit cards. Some security features, like two-factor identification, are optional.

Does Apple cash expire?

It's real cash, so unlike rewards, it never expires or loses its value. Your cash is deposited right onto your Apple Cash card in the Wallet app — not a month from now, but every day. And there's no limit to how much you can get. Use it to buy things in stores, on websites, and in apps.

Is Apple cash like venmo?

But Apple Cash can also serve as a mobile payment app like PayPal, Zelle, or Venmo. That means you can send money to people you know, and the funds are taken out of your Apple Cash balance.

How do I control my child's Cash App?

Download Cash App, tap the profile icon, then select Family Accounts. Send a request to your parent or guardian for approval. 3 Welcome!

Should my child have their own Apple ID?

An Apple ID is the account that you use with Messages, the App Store, and other Apple services. Everyone should have their own Apple ID, so don't share your Apple ID with your child. If your child uses your Apple ID, your child will have access to all your personal content, including text messages and photos.

Why is Apple cash asking for my SSN?

To protect your account and the security of your money, you might be asked to verify your identity when using Apple Cash, even if you have previously done so.

Is Apple cash safer than debit card?

Apple Pay is safer than using a physical credit, debit, or prepaid card. Face ID, Touch ID, or your passcode are required for purchases on your iPhone, Apple Watch, Mac, or iPad. Your card number and identity aren't shared with merchants, and your actual card numbers aren't stored on your device or on Apple servers.

Is Apple Pay safer than physical card?

In many respects, Apple Pay is more secure than a traditional credit card. If you lose your phone, it's much more difficult for someone to take your identity if you have a Face ID or Touch ID rather than a passcode.

Can the IRS see Apple cash?

Weber Gallagher's Family Law Group often reviews payments made through popular mobile apps, including Venmo and Apple Pay, in discovery and for support purposes.