Cash App, developed by Block, Inc. (formerly Square), is widely known for its easy money transfers, investing features, and even Bitcoin trading. But one lesser-known feature that’s gaining attention is Cash App Borrow—a short-term loan service that allows eligible users to borrow small amounts of money, typically up to $200.
However, not all users have access to this feature, which leads many to ask: How do I unlock Borrow on Cash App?
This detailed guide will walk you through what Cash App Borrow is, how it works, who’s eligible, and most importantly, how to unlock and start using the feature if it's available to you.
What Is Cash App Borrow?
Cash App Borrow is a short-term loan feature that allows select users to borrow small amounts of money—usually between $20 and $200—with the expectation of repayment within four weeks. It includes a small fixed fee instead of interest and is automatically repaid through your Cash App balance or linked account.
Key Features:
- Borrow amounts: $20 to $200
- Repayment term: 4 weeks
- Flat fee: Typically 5% (varies by user)
- Auto-repayment: From Cash App balance or linked debit card
This feature is useful for emergencies or covering short-term expenses, but it's only available to users who meet specific criteria.
Why Can’t Everyone Access Borrow?
Not all Cash App users can see or use the Borrow feature. This is because it is still in limited rollout and governed by eligibility criteria based on several factors, including:
- Account activity
- Direct deposit frequency
- Credit history or Cash App spending behavior
- Geographic location
- Use of Cash App Card
Cash App uses an internal algorithm to determine who qualifies. If you’re not eligible, you won’t see the option in your app.
How to Check If Borrow Is Available on Your Account
Before attempting to unlock Borrow, it's important to check whether the feature is already accessible to you. Here’s how:
Steps to Check:
- Open the Cash App on your mobile device.
- Tap on your account balance or banking tab in the lower-left corner.
- Look for an option labeled “Borrow” or “Borrow Up to $200.”
- If it appears, tap it to see your available limit and terms.
Note: If you don’t see the Borrow option, it means your account is not currently eligible. But don't worry—there are steps you can take to improve your chances.
How to Unlock Borrow on Cash App
If the feature isn't currently available on your account, follow these steps to increase your eligibility:
1. Set Up Direct Deposits
One of the strongest signals to Cash App that you're a stable and active user is receiving regular direct deposits. Setting up a recurring direct deposit (such as from your paycheck or benefits) is often the key to unlocking Borrow.
How to Set Up Direct Deposit:
- Go to the Banking tab in the app.
- Tap “Set Up Direct Deposit.”
- Copy your Cash App routing and account number.
- Provide this information to your employer or payer.
Receiving at least $300 per month in direct deposits is often cited as a threshold that may unlock the Borrow feature over time.
2. Use the Cash App Card Regularly
Frequent use of the Cash App Card (the app’s free debit card) can also help increase eligibility. This activity shows that you actively manage money through Cash App.
- Use the card for purchases, subscriptions, or ATM withdrawals.
- Ensure you have consistent account activity over several weeks.
3. Maintain a Healthy Account Balance
Keeping a positive and active balance in your Cash App wallet signals that you manage your funds responsibly. Avoid overdrafts or failed payments, as these may negatively affect your eligibility.
4. Increase Transaction Volume
Using Cash App frequently—for sending/receiving money, paying bills, or buying Bitcoin—demonstrates regular usage. High activity levels help improve your score in Cash App’s internal algorithm.
5. Keep the App Updated
Make sure you are using the latest version of the app, as new features are sometimes only available in updates.
- Go to the App Store or Google Play Store.
- Search for Cash App.
- Tap Update if available.
6. Be Patient and Keep Checking
If you’ve followed all the above steps, wait a few weeks and periodically check the app for the Borrow tab. It may take time for Cash App to assess your new activity and unlock the feature.
How to Use Cash App Borrow Once Unlocked
Once you’ve successfully unlocked Borrow, using it is simple.
Steps:
- Tap the Banking tab.
- Tap Borrow.
- Select your desired amount (e.g., $50, $100, $200).
- Review the loan details, including the fee and due date.
- Tap Accept Loan or Confirm.
- The funds will be deposited into your Cash App balance instantly.
Repayment is usually automatic—Cash App will deduct the owed amount from your balance or linked account by the due date.
Tips for Managing Cash App Borrow Responsibly
- Only borrow what you can afford to repay within 4 weeks.
- Repay early if possible to avoid penalties.
- Monitor your balance and payment dates closely.
- Understand that failure to repay could affect your access to other features or future loans.
Common FAQs
Is Cash App Borrow a credit product?
It’s not a traditional credit line. There’s no credit check involved, and it doesn’t affect your credit score—yet.
Can I borrow more than $200?
Currently, the maximum limit is $200, but it may vary based on your activity and account history.
Why did my Borrow feature disappear?
If your account becomes inactive, you stop receiving direct deposits, or violate terms of service, Cash App may revoke access to Borrow.
Conclusion
Unlocking the Borrow feature on Cash App can be incredibly helpful during financial crunches. While not everyone has access right away, you can take proactive steps—like setting up direct deposit, using the Cash App Card, and maintaining regular activity—to increase your chances.
Once unlocked, the process of borrowing money through Cash App is simple, quick, and transparent. Just remember to borrow responsibly and make timely repayments to keep your account in good standing.