When you have a sponsor for your account because you are under 18 years of age, they become a legal owner of your account with access to many features and some limitations.
They can track your activity in the app, turn on/off specific features and cancel sponsorship at any time. They also have to handle the tax responsibility of your account for any investing activity in the Cash app.
But there is more to the features, limits and responsibilities of a sponsor which is mentioned in this article.
This article will discuss what can sponsors see on the Cash app and if they can see your transactions or take your money.
What Can Sponsors See On Cash App?
A sponsor can see the real-time activity of the sponsored account in the app or the monthly statements.
They get access to features like P2P transactions, Cash Cards, direct deposit and investing in bitcoins and stocks.
They can also review your account savings, stock and Bitcoin balances, manage Cash cards, turn on/off investing features and transaction history.
All the activities in the Cash app can be managed through the “Control and Limits” section of the Family Hub. To access it follow the steps mentioned below.
- Open the Cash app and tap on the “Profile” icon on the home screen.
- Scroll down to “Family”
- Tap on “Control and Limits”.
A sponsor can directly contact the Cash app’s Support team to terminate or disable the Cash Card, direct deposit and cancel sponsorship.
Can My Cash App Sponsor See My Transactions?
Yes, sponsors can see your transaction and other real-time activity in the app or their monthly statements.
To see the transaction in the app following are the steps.
- Open the Cash app and tap on the “Profile” icon on the home screen.
- Scroll down to “Family”
- Tap on the account that you would like to view.
- Then choose “See all” to see a complete transaction history.
To view monthly statements online followings are the steps.
- Log in to your Cash app account on your computer.
- Go to the Activity page and then select statements for the desired month.
- Then, navigate to the Authorized Accounts section.
Can My Cash App Sponsor Take My Money?
A sponsor is a legal owner of the sponsored account and the owner of the account which is sponsored becomes an authorized user so they have access to the money in the Cash app which they can cash out.
If you have money saved in the Cash app then you can discuss it with your sponsor and it can be managed effectively without them taking your saved money.
You can request funds from your sponsor on the Family page and the sponsors can interact with your account in the Family section.
