Cash App: who holds your money

Cash App's disclosure, read on September 5, 2026, describes FDIC pass-through coverage, deposit insurance through partner banks. Coverage depends on customer identification and recordkeeping. It protects eligible deposits when a partner bank closes, not the app company itself. An app closure does not trigger that protection. The visible disclosure and notes provide the programme’s specific conditions.

Current commentary

Cash App is not a bank. Its disclosure, read September 5, 2026, says customer money sits at Wells Fargo Bank, National Association and Sutton Bank. Pass-through FDIC insurance means coverage reaches each customer through a partner bank when Cash App’s records identify that customer. The limit is $250,000 per depositor, per insured bank, for each account ownership category, provided Cash App’s records identify each customer. On this site, Wells Fargo Bank, National Association has letter F and Sutton Bank has letter A compared with banks of similar size.