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Cash App just launched a new benefits program that includes 3.5% APY on savings
Yahoo Finance· 2025-11-17 22:43
Core Insights - Cash App has launched Cash App Green, a flexible banking benefits program offering a competitive savings account rate of 3.5% APY, which is significantly higher than the national average of 0.4% [1][6]. Group 1: Cash App Green Overview - Cash App Green provides customers with premium banking benefits, including higher borrowing limits, free overdraft coverage up to $200, and priority phone support [1][7]. - The program aims to make banking benefits accessible to a broader audience, removing traditional barriers such as steady paychecks and high credit scores [3][4]. Group 2: Qualification Criteria - Customers can qualify for Cash App Green by either spending $500 or more per month on Cash App or depositing at least $300 in qualifying paychecks [4][5]. - Qualification methods can vary monthly, allowing flexibility for customers to meet either spending or deposit requirements [5]. Group 3: Competitive Landscape - While Cash App Green offers a competitive savings rate, other fintech companies like Bread Savings and SoFi provide even higher APYs of 4.2% and up to 4.8%, respectively [8]. - Several online banks also offer high-yield savings accounts with rates of 4% APY or more, indicating a competitive market for savings products [8]. Group 4: Additional Benefits - Beyond the high savings rate, Cash App Green includes features such as five customized weekly offers at favorite stores, free in-network ATM withdrawals, and free paper money deposits [7][9]. - Customers are encouraged to compare different banking options to maximize the value of their accounts [9].
Block & Grubhub Team Up to Upgrade Food Ordering Ecosystem
ZACKS· 2025-10-15 17:36
Core Insights - Block has announced a strategic partnership with Grubhub to enhance the food ordering ecosystem, allowing restaurants to manage Grubhub orders through Block Square's POS system and enabling Grubhub customers to pay using Cash App Pay [1][7] Group 1: Partnership Details - The partnership introduces two major features: restaurants can manage all Grubhub orders directly through Block Square's POS system, reducing operational complexity [1][7] - Grubhub customers gain payment flexibility by using Cash App Pay for their orders, which broadens access for restaurants to millions of potential customers [2][7] Group 2: Ecosystem Strength - This collaboration showcases Block's ecosystem strength in addressing challenges faced by both restaurants and customers, while also emphasizing the commitment of both Grubhub and Block to innovation [2][3] - By combining Square's operational capabilities with Cash App's flexible payment technology, Block is forming a commerce ecosystem that serves both restaurants and customers [3] Group 3: Recent Developments - Block is aggressively investing in expanding its partner base to drive sustainable growth, with notable recent partnerships in the Cash App and Square businesses [3] - In August 2025, Square was selected as the technology partner for Purdys Chocolatier, managing POS and business operations across over 80 retail locations in Canada [4]
Block and Grubhub collaborate to ease restaurant operations
Yahoo Finance· 2025-10-15 09:39
Core Insights - Grubhub has partnered with Block, the parent company of Cash App, to integrate Square's point-of-sale (POS) system with its food delivery platform, enhancing the checkout experience for customers [1][2] - The collaboration allows restaurants using Square POS to manage Grubhub orders directly through their system, streamlining operations and improving cash flow [2][3] - The integration provides restaurants with a unified dashboard to manage menus and inventory, while offering customers more payment flexibility through Cash App Pay [3][4] Group 1 - The partnership aims to simplify restaurant operations and expand customer reach by integrating Grubhub with Square's POS system [1][2] - By removing the need for additional tablets, the deal enhances order management for restaurants, allowing for direct routing to kitchens [2][3] - The collaboration is positioned as a way to create a commerce ecosystem that benefits both restaurants and customers, focusing on quality service and payment convenience [4]