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The Cash App referral code ZNKCWSN, via our unique referral link, gives you a $5 signup bonus when you send $5 to another Cash App user.
Even if you’re under 18, you can still take advantage of the Cash App promo offer by activating a Cash Card rather than creating a conventional Cash App account.
Continue reading to learn exactly how to unlock this introductory bonus and earn an extra $5 in your new account.
Table of Contents
How the Cash App Referral Program Works, Step by Step
As mentioned above, eligible users can get $5 simply by using Cash App for the first time.
| Bonus Amount | $5 |
| Bonus Eligibility | New accounts only. |
| Bonus Requirement | Send $5 to another Cash App user. |
| Time Limit | You must send the $5 within 14 days. |
Unlike some other promo offers, this one doesn’t come with a catch — just follow these steps to trigger the $5 reward.
Step 1: Download Cash App on Google Play or Apple App Store.
Step 2: Follow the instructions to create an account.
Step 3: Enter the referral code ZNKCWSN when prompted.
Step 4: Send $5 to another Cash App user within 14 days of setting up your account.
Conditions
Cash App is only available in the United States and United Kingdom, so you’ll need to find another option if you live in another region.
Like we noted earlier, users who are under 18 can take advantage of this offer by activating a Cash Card instead of creating their own account.
How Cash App Works
Cash App is most widely known for its money exchange services.
Similar to Venmo and other competitors, Cash App enables users to send and receive money using a username system without having to provide separate bank or credit card information.
With a Cash App account, you can also receive direct deposits up to two days in advance, making their accounts competitive with banks that offer a similar service.
Cash App account holders can also use the Cash App card like any other debit card.
While you may have to pay the base $2 ATM fee on some withdrawals, that fee is waived for users who receive at least $300 per month in direct deposits.
However, there are also a few other Cash App tools that you may not be aware of.
Investing
On top of facilitating transactions between individual users, Cash App also allows users to invest their money in both stocks and Bitcoin.
One key feature of Cash App investing is its support for fractional shares worth as little as $1, which make it easier for people to get started with a smaller budget.
Naturally, this service also comes with basic quality-of-life features like recurring buys and access to earnings data, news, and other information about your assets.
With that being said, it’s worth mentioning that Cash App may not support every asset you want to invest in.
According to the website, users can currently invest in a selection of 1600 stocks — still a decent range of options, but far fewer than are publicly traded on exchanges like NYSE or Nasdaq.
Similarly, Cash App’s support for crypto is limited to bitcoin, so you’ll need to look to other crypto platforms if you’re interested in other coins such as Ethereum or Litecoin.
Related: 20+ Ways to Get Free Cryptocurrency
Referral Program
As a Cash App user, you’ll have the opportunity to earn additional rewards by introducing new members to the platform.
Similar to our introductory offer, the Cash App referral program requires new users to sign up for Cash App, link a debit card, bank account, or Cash Card, and finally send $5 or more to another user within 14 days of creating the account.
The website doesn’t mention any limits or other restrictions on this program, so you should be able to earn a $5 bonus every time you refer someone new.
In the same way, your referral will be able to claim a $5 reward of their own after completing the introductory steps.
Want more free money? Best Referral Programs to Make Money
Can I Trust Cash App?
While Cash App accounts offer some features typically associated with banks, it’s important to note that Cash App is not actually a bank.
Its banking services and debit cards are provided by outside partners, and the website makes it surprisingly difficult to find out more about how Cash App works.
One key consequence of this is that funds deposited into your Cash App account will not be covered by the FDIC insurance offered by other banks.
That usually covers individuals for up to $250,000 in losses in common checking accounts.
The site does offer fraud protection and other security measures.
With that being said, just because Cash App isn’t a bank doesn’t mean you can’t trust the platform with your money.
It’s one of the most popular money transfer apps in the US, and it has an average of 4.6 and 4.7 on the Android and iOS app stores, respectively — with roughly 3 million total reviews between the two operating systems.
Cash App investing, on the other hand, goes through Cash App Investing LLC. Cash App Investing LLC is a member of both FINRA and SIPC, making it look a little more like a conventional investing platform.
How Did Cash App Work for You?
After using referral code ZNKCWSN or the unique Money Done Right referral link, all you need to do to earn a referral bonus is send $5 or more to another person within 14 days of creating your new Cash App account.
If you’ve been through this process, please take a second to leave your thoughts in the comments and give other users a heads up about any issues or questions they might run into while getting started with Cash App.
Author:
Logan is a practicing CPA and founder of Choice Tax Relief and Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.
