If you have American friends or are a US citizen visiting Canada, you’ll definitely know about the digital P2P Payment service Cash App.
No, Cash App is not available in Canada. To sign up for Cash App, you and the person you’re sending money to or receiving money from need to be located in the U.S. You also have to have a U.S. phone number.
However, continue reading for alternatives that will do the job of sending money and some even better.
However, it isn’t available in most countries as you can only make an account if you’re from the UK or the US and make payments to someone in a different country.
Read: Does Cash App Work in Australia?
Is Cash App available in Canada?
Cash App is not available in Canada and you won’t be able to use it. To be eligible to use the Cash app, you need to be located in the USA, have a US cell phone number, and must be over 18+.
Each Cash App transfer requires the sender and beneficiary email address, phone number, or “$Cashtag” and needs to be physically in the US, so you can’t use it to send money to Canada to a friend or family. This means that it won’t be possible to use Cash App in Canada to send money to a friend.
Is Cash App in Canada?
Cash App does not work in Canada and currently is not available internationally — meaning you cannot make payments to someone in a different country with Cash App.
Cash App can only be used to send and receive money with contacts living in the country you live in, and the Cash App service is only available in the United States and the United Kingdom.
But if you’re living outside of the US or UK, or you want to pay someone in a different country, you cannot use Cash App.
Will Cash App come to Canada?
The reason Cash App not coming to Canada would be for two main reasons:
Canada has the Interac e-Transfer service which basically allows individuals to easily transfer funds to one another for free or a small fee depending on who you bank with.
Interac e-transfers are also convenient. You just need the recipient’s email/phone which allows the receiver to directly deposit the money into their account.
On the other hand, in the US there are so many more banks that used different types of P2P payment systems. Hence, the demand for a third-party payment system like Cash App needs to be created.
Another main barrier would be that Canada has strict bank regulations and consumer protections, data privacy laws too with well-regulated jurisdictions.
The Canadian banking policies and regulations are regulated well and strict which makes it difficult for companies like Cash App to enter the local payment transfer space.
Cash App International Payments: Are they an option?
At the moment Cash App is only available in the US, and can only be used to make payments domestically. To make international payments – or if you’re based in Canada – you’ll need an alternative.
The good news is that you have many alternative options to consider.
Cash App Alternative for Canadians
- Paypal – send money to friends and family from a bank account or PayPal balance for free.
- Transferwise – TransferWise allows you to send your money with no hidden charges and for up to eight times less than traditional banks.
- Paysend – It is available in Canada and transfers money to Visa, Mastercard, UnionPay, Humo, and Verve cards and to regular bank accounts.
- Chime – It allows payment via the mobile app. You just need to tap ‘Pay Friends’ < enter your friend’s email < Enter the amount of money and click ‘Send’
- Monzo – Monzo offers banking experience to customers and makes Payments using the mid-market exchange rate and transparent with low rates.
- MoneyGram – Allows you to send and receive money in person if you want to. It also allows arranging payments online and having them credited to a recipient’s bank account.
What’s so good about Cash App?
Aside from all the many amazing features mentioned below, Cash App is very easy to use, send payments, and request money instantaneously.
Instead of an account number, you’re known on the network by your $Cashtag, email, and Phone number. If you receive money, it will be credited into your Cash App wallet where you can cash out with the Cash App VISA debit Card or transfer the fund to your bank account.
The Payments are also made instantly to your friends and family or contacts rather than having to wait for a few business working days which is the case if you transfer to your bank depending on your Transfer Choice – Standard or Instant.
Cash App Costs & Fees
How much does Cash App really cost?
The good news is Cash App doesn’t charge you for most of their services.
- No fees for registering and holding an account
- No monthly or annual fees
- No charges for receiving payments in your Cash App account
- Free for online payments
- Sending money to a linked bank account, debit card from your Cash App balance is free (refer below)
- ATM withdrawals with your Cash App VISA Card
But there are some fees:
- ATM withdrawals will cost you a $2 fee charged by Cash App.
- Funding your Balance with your credit card will charge 3% of the transaction to send money.
- Instant Deposits cost a 1.5% fee (with a minimum fee of $0.25) to credit your debit card instantly.
Can You Send Money with Cash App to People Overseas?
Since Cash App only works in the US and UK, you cannot send money to a family member in Canada or a friend who’s in Europe, Asia, Europe, etc
FAQs
Can Canada use Cash App?
Cash App is not available in Canada and you won’t be able to use it. To be eligible to use the Cash app, you need to be located in the USA, have a US cell phone number, and must be over 18+.
Does Cash App work internationally?
No, Cash App does not work internationally and only works in the USA and UK.
Will Cash App Ever Come to Canada?
Canadian banking policies and regulations are well-regulated which makes it difficult for companies like Cash App to enter the local payment transfer space. So, can’t say for sure. But we can hope so.
What’s the best way to send money abroad if Cash App is not available?
There are plenty of good options such as PayPal, Transferwise, MoneyGram, and Payoneer to name a few to send money abroad.
Conclusion:
Going to dinner with your friends in a restaurant in the US and the restaurant won’t split the bill? You can just open the Cash app and instantly split and transfer the money for your share to the person who paid.
Cash App is a local name and is a no-brainer for transferring funds to friends and family if you’re located in the US and have no option to send money to Canada.
If you are traveling and have a Cash App account, it is probably not a good way to do it as it works in the UK and the US for now.
You can use PayPal, MoneyGram, Transferwise, and a few others to send money to and from Canada.
Hopefully, this clears out the question “Is Cash App in Canada?” For any questions regarding the topic, let us know in the comments below.
Happy Transfers!
