Trending Now - Cash App Expands Services to Young Users Aged 6-12

WHO:

Engadget - Cash App is run by Block, which is owned by Jack Dorsey.

Engadget - Kristen Anderson is associated with the launch of the new accounts.

WHAT:

Engadget - Cash App has added support for parent-managed accounts for children aged 6 to 12.

Engadget - The new accounts allow parents to send allowances, set aside savings, and track spending for their children.

Engadget - Kids will receive a custom debit card and can receive payments from up to five trusted accounts.

Engadget - Once children turn 13, their accounts can be converted to "sponsored accounts" with additional features.

WHERE:

Engadget - The service is available through the Cash App platform.

WHEN:

Engadget - Cash App first allowed teenage users on its platform in 2021.

Engadget - The announcement of the new accounts was made on April 21st, 2026.

WHY:

Engadget - The initiative aims to teach financial literacy to younger users.

HOW:

Engadget - Parents can manage the accounts, set up recurring transfers, and lock accounts to prevent transactions.

Engadget - The accounts are designed to help children learn about safety and saving for goals.

(UPDATED April 21, 2026 23:13 UTC)

Cash App, which is operated by Block and owned by Jack Dorsey, has introduced parent-managed accounts for children aged 6 to 12, with the announcement made on Tuesday. These new accounts allow parents to send allowances, set aside savings, and track spending, while kids will receive a custom debit card and can accept payments from up to five trusted accounts. As children turn 13, their accounts can be converted to "sponsored accounts" that offer additional features, all aimed at teaching financial literacy to younger users.