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Why Can’t I Borrow Money From Cash App?

Cash App is a popular financial technology platform that offers a variety of services, including peer-to-peer payments, investing in stocks, and buying Bitcoin.

However, despite its versatility, one question continues to puzzle many users: “Why can’t I borrow money from Cash App?”

Welcome to MyBankGeek, In this blog post I will reveal why you were still unable to borrow money from cash app and what you can do to fix it. All you have to do is to read and adhere to all instructions in this article.

What is Cash App Borrow?

Cash App Borrow is a short term loan feature offered by Cash App, a mobile payment service developed by Square. This unique feature enables eligible users to borrow between $20 and $200, which must be repaid within four weeks. The loan comes with a 5% flat fee.

Is Cash App Borrow Available to Everyone?

No, Cash App Borrow is not available to everyone. It is only available to select users who meet certain eligibility criteria.

Requirements to Borrow Money From Cash App

The requirements to borrow money from Cash App are:

  • You must be at least 18 years old.
  • You must have a Cash App account in good standing.
  • You must have an activated Cash Card.
  • You must be a frequent Cash App user.
  • You must live in a state where Cash App Borrow is available.

If you meet all of the requirements listed above, you can apply for a Cash App loan in the app. Have it in mind that the maximum loan amount is currently $200.

How Do I Borrow Money From Cash App?

If you meet all of these requirements, you can borrow money from Cash App by following these steps:

  1. Launch the Cash App and log in to your account.
  2. Navigate to the “Banking” section.
  3. Locate and tap on the “Borrow” option.
  4. Initiate the unlocking process by tapping the “Unlock” button.
  5. Cash App will then inform you of your borrowing limit. Now, choose the desired amount to borrow.
  6. Next up, pick a repayment plan.
  7. Read and agree to the user agreement.

The money will be deposited into your Cash App account immediately. You will need to repay the loan within the specified repayment period, plus a 5% flat fee.

Why Cant I Borrow Money From Cash App?

There are a few reasons why you might not be able to borrow money from Cash App. Here are some of the most common reasons:

  • Your account is not verified

Cash App needs to be able to verify your identity before they can lend you money. This includes having a verified phone number and email address, and providing your full name and date of birth.

  • You don’t live in a state where Cash App Borrow is available

Cash App Borrow is currently available in the following states: Arkansas, Arizona, California, Colorado, Delaware, Florida, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Montana, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.

  • You’re under 18 years old

You must be at least 18 years old to borrow money from Cash App.

  • You don’t have an active Cash Card

To borrow money from Cash App, you must have an active Cash Card. This is a debit card that is issued by Cash App.

  • You’re not a frequent Cash App user

Cash App also looks at how often you use the app when determining your eligibility for a loan. If you’re not a frequent user, you may not be approved for a loan.

  • You have reached your borrowing limit

Cash App has a limit on how much money you can borrow. If you have already reached your limit, you will not be able to borrow more money until your balance is paid down.


That is all guys! This article has shown you why you were not able to borrow money from Cash App. If you are not eligible for Cash App Borrow, there are other ways you can easily borrow money and pay back later.

You can try a personal loan from a bank or credit union. Before you borrow, make sure to compare interest rates and fees and to make sure that you can afford to repay the loan.

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