Unfortunately, Cash App does not work in Canada because it's only available for US and UK residents. It is not listed on the Canadian App Store and money transfers only work with US or UK bank accounts.
Additionally, they have not made any statements about coming to Canada. The best Cash App alternatives for Canadians are Interac e-Transfer for domestic money transfers, Wise for international money transfers, and Wealthsimple for an all-in-one finance app.
Who Can Use Cash App?
Here is their official terms of service. It says that to open an account, you must be resident of the United States that is 18 years old.
What Is Cash App?
Cash App is a financial super app that offers peer-to-peer payments, stock investing, crypto, debit cards, and more. It launched in 2013 and has grown to 49 million monthly transacting users as of Q3 2022.
Cash App's Best Features
Cash App also offers paychecks up to 2 days early, buy now pay later, and other services. It really is an all-in-one financial app.
Best Cash App Alternatives for Canadians
Luckily, there are some great fintech apps in Canada, but it should be kept in mind, none offer as many features as Cash App. Check out the best alternatives for peer-to-peer payments, investments, banking, and more, whatever your needs may be.
Best All-In-One Finance App:
P2P Payment Alternatives:
Like Cash App, Wealthsimple has many financial tools inside one app. On the investing side, users can invest in cryptocurrencies, stocks, ETFs, or use a robo-advisor. On the payments side, Wealthsimple Cash lets you send money to other Canadians. While the Cash App has the $cashtag, Wealthsimple Cash has a $ign (username) where you can easily send funds to other Canadians.
Wealthsimple also has a no annual fee Cash Card where you can earn 1% back paid in cash, crypto, or stocks (your choice). With all these features, Wealtshimple is the best Cash App alternative for Canadians and has over 2.5 million clients.
In case you haven't heard of it, Interac e-Transfers are one of the fastest and easiest ways to transfer money between Canadian bank accounts. Anyone who has a Canadian bank account is already eligible. E-transfers can be sent through your online banking app using the recipient's email address or phone number.
Wise (formerly TransferWise)
Wise has become one of my favourite finance apps. You can open free bank accounts in dozens of currencies, including US and Canadian bank accounts, allowing you to send and receive money like a local in any country. The icing on the cake is that you get excellent exchange rates for converting CAD and USD (unlike PayPal and big banks who charge huge currency conversion fees). In addition, Wise doesn't charge monthly account fees.
To receive USD from someone in America, you can grab your US banking information. To send USD, you can create a bank transfer to anyone with a US bank account.
When I discovered Wise, I stopped using PayPal because I saved a great deal of money, but this is the next best alternative. You can send and request money through PayPal with just an email address or a phone number. PayPal is widely used in the United States, Canada, and other countries, with more than 300 million clients worldwide.
Sending money to friends and family in Canada is free, but receiving and exchanging foreign currencies, such as US dollars, incurs high fees. It is particularly expensive to convert USD to CAD. If you'd like to send or receive money from your American friends, there is a good chance that they already have a PayPal account. PayPal is a convenient option for that, but I use it only as a last resort due to their high fees.
Cash App lets users buy Bitcoin and earn Bitcoin rewards with their Cash Card. If you want to buy Bitcoin or cryptocurrencies in Canada, Newton has low-fees (hidden fees included), 75+ coins, and free e-transfer deposit and withdrawals. You can also send crypto to an external wallet and Newton covers the first $5 in network fees.
Newton is also beginner-friendly making it a popular choice in Canada. 500,000 clients trust Newton. You can also use our crypto exchange comparison tool to find Canada's best platforms.
How to Transfer Money from Canada to the USA
Since Canadians can't interact with Cash App, Zelle, Venmo, or other popular American apps, we need to find alternate ways to transfer funds. Luckily, there are workarounds to send money cheaply between the US and Canada.
🌐 What Countries Is Cash App Available In?
Cash App is available in the United States and the UK.
🇨🇦 What Is The Best Cash App Alternative in Canada?
The best financial "super app" within Canada is Wealthsimple since it has stock trading, crypto, a Visa Card, and much more. If you're looking to send money from the US to Canada or from Canada to the US, Wise.com is the best choice for fast, affordable bank transfers.
The Bottom Line
Cash App is not in Canada but there are many alternate choices for the features you need. Whether you need payments, banking, stocks, or crypto, Canada has good products for each one. You just might have to use multiple apps to get everything you need.