Can You Have a Negative Balance on Cash App? Yes, you can have a negative balance on the Cash app. Let’s further on how does cash app gets a negative balance?
Did you wake up to a negative balance in your account? While you might not be familiar with it, charges that show on your account long after a purchase and secondary charges such as tips can appear your balance into the negative.Having a negative balance in your account will read or show as -$10, -$40 depending on the account’s overdraft amount.Given that Cash App’s negative balance is relatively new, there are lots of questions around it. One of the popular questions is about the – balance account.Can you have a negative balance on the Cash app?Yes, you can have a negative balance on the Cash app for a few possible reasons.Why does my cash app have a negative balance?Cash App can have a negative balance when Online retailers put a temporary charge on your account when placing your order, then complete the charge after your merchandise is shipped.Another example would be a diner or a restaurant may put a temporary charge on your account when you ask for your check and process it later including the tip.>> Read: Can Cash App Send Money to Zelle?So, in the case that if there are not enough funds in your account to cover the charge, your balance could go negative.How does the Cash app get a Negative Balance?? Can you spend more than your balance?The answer is: YES and No.It can happen but not necessarily if you try to do it intentionally.For instance, if you have $1,147 dollars in your Cash App balance and if you wanna buy an item online which is $1,500 (more than your balance) the order won’t go through because it cost more than your available balance.Another possible reason why your balance can go negative is a Pending Dispute or Refund.For instance, if you have $0 in your Cash balance and someone sent you $30 dollars by accident, the person can go into the Cash App dispute process and they might hold the money in your account.But what happens if you already spent the money? Then, yes, it’s possible your account will show a negative -$30 balance until the dispute is solved. Maybe the spent funds can be refunded or you’ll need to pay the amount back.Does Cash App Charge Overdraft Fees?No, Cash App does not charge overdraft fees with the Cash App and Cash Card.An overdraft fee is a fee that is charged when payment exceeds the available balance from your bank and your bank covers the transaction as part of an overdraft protection service and the bank then applies the fee to your account.Cash App doesn’t charge any overdraft fees, but your bank might charge them.How to fix Negative Amount on Cash App?Having a Cash App balance in negative value is not a common phenomenon. If you do have it, we would advise you to touch with Cash App support and try to solve the problem and clarify it.If the negative balance is warranted, you will be required to pay for the negative balance by funding your account.However if the amount is shown due to an error, glitch, or technical mistake and is not warranted, Cash App support can help resolve the issue.Conclusion:Hopefully, we help you grasp some ideas on why your account might be having a negative amount of the app which is one of the most popular peer-to-peer money transfer apps in the States.Given the above many reasons why your account is in a minus value, get in touch with Cash App support to find out why your account has a minus balance.