If you’re a small business owner or a freelancer who uses Cash App to receive payments, you might have realized that you accidentally created a business account instead of a personal one. While it’s a common mistake, it can frustrate to deal with the limitations that come with a business account, such as the inability to use a personal debit card or receive payments from individuals who don’t have a business account.
Though there is no direct button to make the switch on the app. However, changing your Cash App account from business to personal is a simple process that can be done in just a few steps. In this article, we’ll guide you through the process of changing your Cash App account from business to personal, so you can start enjoying all the features and benefits of a personal account.
Can You Have Both Cash App Business And Personal?
Yes, you can have both a Cash App Business account and a Cash App Personal account. The two accounts will be separate, and you will need to sign up for each one separately using different email addresses or phone numbers.
Having separate accounts can be useful if you want to keep your personal and business transactions separate.
How To Change Cash App from Business To Personal
There is no direct way or button that allows you to change your Cash App account from business to personal. The only option is to contact Cash App support and they will help you.
Follow the steps below:
- Open your Cash App and click on the “Profile” tab at the top right corner
- Click on “Support”
- Select “Something Else”
- Click on “Can’t Access Old Account”
- Click on “Contact Support”
- Click on “Email”
- Check and confirm your Cash App email address
- Finally, submit a request to change your Cash App Business account to a personal account.
Once you submit your request, Cash App support will review it and contact you with further instructions.
Difference Between Cash App Business And Personal?
The major difference between Cash App business and personal accounts is the purpose of the account. They designed a personal account for individuals who want to send and receive money from friends and family. This account type is best for personal use.
On the other hand, they design a Cash App business account for small businesses and entrepreneurs who want to accept payments from customers and clients. With a business account, you can create a business profile, add a description of your products or services, and include a logo or image to represent your brand. You can also receive payments from customers, track sales and payments, and easily transfer funds to your linked bank account.
Other differences between Cash App business and personal accounts include:
- Fees: Cash App charges a 2.75% transaction fee for business accounts, while personal accounts can send and receive money for free.
- Transaction limits: Business accounts have higher transaction limits than personal accounts.
- Verification: Business accounts require additional verification steps to confirm your business information and tax identification number (TIN) before you can start accepting payments.
If you are an individual who wants to send and receive money from friends and family, a personal Cash App account is best for you. However, if you mistakenly created a business account instead of a personal account, follow the steps above to switch back to a personal account.
Though there is no direct way or feature on Cash App that allows you to change from business to personal account. However, this article has shown you the alternative way to change your Cash App account from business to personal. Follow the steps outlined in this guide to successfully switch your account type.
Are there any fees associated with changing my Cash App account from business to personal?
No, there are no fees associated with changing your Cash App account from business to personal.
Will I lose any money or data if I change my Cash App account from business to personal?
A: No, you will not lose any money or data if you change your Cash App account from business to personal. Your account information and balance will remain the same.
How long does it take for Cash App to process my request to change my account from business to personal?
Cash App typically processes account change requests within 24-48 hours.
What information do I need to provide when contacting Cash App customer support?
You will need to contact Cash App support and a brief explanation of why you want to change your account from business to personal.
Suzan was born in 1969 in Los Angeles and grew up in the San Fernando Valley. She attended UCLA, graduating in 1992 with a BA in Social Welfare.
From 1999 to 2004, Weiss was a visiting professor at Johns Hopkins’ Krieger School of Arts and Social Sciences and an adjunct professor of creative writing at The New School’s Eugene Lang College. She has also taught at the School of the Art Institute of Chicago, New York University, and Columbia University.
She currently lives in Los Angeles with her husband and two sons.