FILE IMAGE - Cash App logo displayed on a laptop screen and Cash App icon displayed on a phone screen.
"We are looking into this matter and will post resolution updates here," Cash App said on its status page. Cash App’s Cash Card is a free debit card that is connected to a user’s app balance – and not a personal debit card or bank account, accordingSeveral Cash App users took to social media to complain about the issue, including some who said the duplicate transactions had indeed resulted in negative account balances. separately warned that customers of Cash App, Venmo, and PayPal
The alert came several weeks after the failure of Silicon Valley Bank, Signature Bank and First Republic Bank, which all experienced bank runs after fearful customers with uninsured deposits pulled their money en masse.