Charges that appear on your account long after a purchase and secondary charges like tips can push your balance into the negative. Unpaid Cash App loan instalment can also result in a negative Cash App balance. In addition to that any subscription charges, recurring payments, and any kind of penalty imposed on Cash App might cause you to have a negative balance.
Among so many reasons, one main reason is overspending which always results in the overdraft balance.
But, the case of negative Cash App balance is quite different. It can be caused by a number of factors. Let’s understand it with an example.
Suppose, you have had dinner at a restaurant. You asked for the check and made a payment but left the tip unpaid (as mentioned in the check). In such a case, while processing the payment if Cash App charges your account with a tip and your balance is insufficient then your balance can go negative on Cash App. However, your balance will not go negative immediately, but it can be later on.
Sometimes, online retailers put a temporary hold on the Cash App accounts of the users and complete the charges after the delivery of the product. In such a case, when they apply the secondary charges if there is any then also your Cash App balance can go negative.
Unpaid Cash App loan instalment can also result in a negative Cash App balance. In addition to that any subscription charges, recurring payments, and any kind of penalty imposed on Cash App might cause you to have a negative balance.
And not paying back to Cash App on time can get you to ban on Cash App for always. So, you need to act fast and fix your Cash App negative balance before it is too late.
Greeting,
Rachel Gomez