What is the Green Building Symbol on Cash App

What is the Green Building Symbol on Cash App? An In-Depth Guide

Welcome to this comprehensive guide on the green building symbol you may have noticed on the Cash App platform. As a regular Cash App user myself, I was also curious about this icon when I first saw it.

So in this post, I’ll explain exactly what this green building symbol means, the differences between personal and business accounts, how to switch account types, and some frequently asked questions.

My goal is to provide a detailed, easy-to-understand resource for any Cash App user who wants to learn more about their account type and settings.

Key Takeaways

  • The green building symbol means you have a Cash App business account
  • Business accounts have a 2.5% fee but no limits on earning
  • Personal accounts have no fees but lower earning limits
  • Switching account types can be done directly within the Cash App
  • Contact support if you have any other questions about your account

Overview: Personal vs. Business Accounts on Cash App

Cash App offers two main types of accounts – personal and business.

A personal account is best suited for sending or receiving money with friends and family. These accounts have no transaction fees.

A business account is designed for small business owners, freelancers, influencers, or anyone using Cash App to accept payments for goods/services. These accounts have a 2.5% fee on payments received.

The green building symbol indicates you have a business account. No symbol means you have a regular personal account.

Now let’s explore the key differences between personal and business accounts in more detail.

Cash App Personal Accounts

When you first sign up for Cash App, you’re automatically given a personal account. Here are the main features:

  • No fees to send or receive payments
  • Better for personal use with friends/family
  • Weekly sending limit of $7,500 (verified account)
  • Monthly sending limit of $17,500 (verified)
  • Weekly withdrawal limit of $25,000
  • Credit card fees – 3% to receive payments
  • Instant transfers – 0.25% to 1.75% fees apply

As you can see, personal accounts are designed for smaller, everyday transactions with people you know rather than customers/clients.

The main downsides are the credit card fees and instant transfer fees. But overall it’s a simple, free way to pay and get paid by friends.

Limits on Unverified Personal Accounts

If your personal Cash App account isn’t verified with your SSN, Driver’s License, or other info, then stricter limits apply:

  • Can only send $250 per week
  • Can only receive $1,000 in a 30 day period

So identity verification is recommended to take advantage of the higher sending and receiving limits.

Cash App Business Accounts

To upgrade to a business account, simply go to your profile, tap “Update Account Type” and request a change to a business account.

Here are the key features of having a Cash App business account:

  • 2.5% fee on payments received
  • No limits on sending or receiving
  • Lower 2.75% fee to accept credit cards
  • No instant transfer fees
  • Get tax documents for filing

The main benefit here is having no caps on the money you can make through your Cash App account. This is ideal for freelancers, consultants, artists, and other business owners.

The one drawback is the 2.5% fee on incoming payments. But the credit card rate is lower than with a personal account, and you avoid instant transfer fees.

Overall, if you use Cash App for business or commercial purposes, the small percentage-based fee is likely worth it for the convenience.

How to Change Your Cash App from Personal to Business

Switching from a personal to a business account is easy and can be done right within the app. Just follow these steps:

  1. Open up the Cash App app and tap your profile icon
  2. Scroll down and tap “Update Account Type”
  3. Select “Switch to Business Account”
  4. Carefully review the new Cash App Business Agreement
  5. Tap “Accept” to finalize the switch to a business account

Once you accept, the green building symbol will appear by your username to indicate your account type change.

The process to switch back to a personal account is similar:

  1. Go to your profile and tap “Update Account Type”
  2. Select “Switch to Personal Account”
  3. Accept new User Agreement
  4. Your account is now switched back to personal

However, note that Cash App does not allow quickly switching back and forth between account types. You may need to contact Cash App support if you immediately want to revert back to personal.

But in most cases, carefully considering which account benefits you most, personal or business, can help avoid frequent switches.

FAQs About the Green Building Symbol

What does the green building symbol mean on my Cash App?

This icon means your account is registered as a business account rather than a personal account. Business accounts have different fees and limits compared to personal.

Why did a green building appear on my Cash App suddenly?

If you recently requested to switch to a business account, this green icon indicates the change to a business account is now complete.

Can I remove the green building from my Cash App?

You cannot remove the green building, as it’s automatically shown if you have a business account. To remove it, you would need to contact Cash App and request to change back to a personal account.

What if I want to use my Cash App for business but prefer a personal account?

Cash App recommends only using personal accounts for personal transactions with friends and family. If you want to accept payments for goods/services, it’s better to have a business account, even if you’re a small business owner.

Is there a way to hide the green building icon?

There is no setting to hide the green building symbol. As long as your account is registered as a business account, this icon will be shown next to your profile.

Can I have both a personal and business account?

Yes, you can have separate Cash App personal and business accounts linked to different mobile numbers or emails. You would manage each one separately.

What if I still have questions about my Cash App account type?

Feel free to contact Cash App support directly either through the in-app chat or by emailing [email protected]. The support team can answer any other questions related to your account.

Final Thought:

Whether you have a personal or business Cash App account, being aware of the unique features and fees of each is key. The green building symbol makes it quick and easy to identify if your account is set up for business use.

With this thorough guide, you now have a deep understanding of how the green building icon functions, what it signifies, and how to switch between account types if needed.

Armed with this knowledge, you can confidently use Cash App to send money, receive payments, and achieve your financial goals with the ideal account settings for your needs.

I hope this guide has helped explain what that green building icon is all about! Let me know if you have any other Cash App topics you’d like to see an in-depth post on.

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