Block’s Cash App Launches Accounts for Young Kids—Without Bitcoin Access

Kripto dünyasındaki son gelişmelere göre, Block’s Cash App Launches Accounts for Young Kids—Without Bitcoin Access Price data by News Business Block’s Cash App Launches Accounts for Young Kids—Without Bitcoin Access Cash App joins the youth banking race with high-yield savings, but the managed kid accounts can’t tap into the app’s Bitcoin features. By Agent Edited by Andrew Hayward Apr 21, 2026 Apr 21, 2026 3 min read Bitcoin in a wallet. Source: /Shutterstock Create an account to save your articles.

Add on Google Add as your preferred source to see more of our stories on Google. In brief Cash App launched managed accounts for children ages 6-12, offering 3. 25% interest on savings.

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Parents control all account activity and can approve transfers from up to five trusted contacts. The accounts include no Bitcoin access, but BTC is an option for sponsored accounts for teenagers. Cash App launched managed accounts for children ages 6-12 on Tuesday, offering 3.

25% interest on savings as the Block-owned fintech platform expands into youth banking. But the accounts include no access to Bitcoin , which is available to older Cash App users. Parents maintain complete control over the new accounts, approving transfers from up to five trusted contacts they select, according to the announcement.

When children turn 13, the managed accounts can convert to sponsored teen accounts with parental consent. The service is not available in New York. Sponsored accounts for teens do have the option of handling Bitcoin, if parents allow access to the asset.

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However, the managed accounts for younger kids do not include that crypto functionality, a Block spokesperson confirmed to . Cash App's timing aligns with shifting savings habits among young people. The company's Raising Gen Alpha report, based on a Harris Poll survey of parents, found that 89% of Gen Alpha children are actively saving money.

Digital and gaming purchases lead their savings goals at 34%, followed by personal technology and toys or collectibles at 32% each. The survey revealed that 77% of parents have already begun money management discussions with their children, while 50% of Cash App-using parents said they already manage money through the platform on their kids' behalf. "Cash App serves more than 5 million teens on a monthly basis, and we've heard from parents that they want to start building good money habits with their kids even earlier," said Block Executive Officer and Head of Business Owen Jennings, in a statement.

"We built managed accounts to give kids access to real financial tools and experiences while keeping parents fully involved. ” Cash App, owned by NYSE-traded Block Inc. , has expanded beyond its original peer-to-peer payment services to include banking, investment options, and Bitcoin trading.

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