Does Cash App work in Europe? Alternatives for 2022

Franklin Silva| Updated January 18th, 2022
Does Cash App work in Europe? Alternatives for 2022 1

As a European citizen, you have most likely heard of Cash App since our fellow friends from the UK have access to it. Or, you’re from the US and want to send money to someone in Europe. Unfortunately, Cash App is not yet available in European countries – it’s only available for US and UK residents. If you live in the US or UK and want to send money to a friend who lives in Germany, or another European country, you cannot do so. The company has plans to expand internationally, so it is something we will be paying attention to.

This article will present solutions on the payment (transfer of money between users) and the investment side of the Cash App. With no further ado, let’s begin!

How does Cash App differ from its peers?

Simplicity. That’s right. The app is relatively painless. It allows you to send and receive money, gives you access to several banking features such as receive your paycheck and tax returns, and you may use it as an investing platform to increase your wealth! Users also have access to a customisable debit Visa card, called Cash Card, to withdraw money from ATMs and pay online and in stores.

Moreover, Cash App investing is also a feature with a promising result in the financial brokerage arena, but it is still a new kid on the block since it only launched in the last quarter of 2019.

When is Cash App coming to Europe?

Cash app started as a payment app created by Square, Inc in 2013. In January 2021, more than 30 million people in the US and UK were using Cash App.

In 2016, the company opened its European headquarters in Dublin, but it has yet to launch its services in Ireland and Europe.

Meantime, if you live in Germany, Russia, Italy, Spain, Ukraine, Romania, the Netherlands, Belgium, Greece, Portugal, Sweden, Switzerland, Norway, Ireland, or another European country, you cannot use Cash App.

Alternatives to Cash App in Europe:
As a Payment App

Particularly in Europe, banks were slow to embrace the new opportunities that the internet could easily bring to every customer, hoping that their decades of developing “trusted brands” would still play a crucial role in a potential client’s final decision to adhere to their services.

However, that was not enough to avoid the new incumbents quickly gain a big market share as their tools used to transfer money between people were much easier, painless, and cheaper! And that was how Vivid, Wise and Revolut were born:


A new mobile banking and investing app. Offers commission-free trading and cheap online banking with a cashback program. Currently, it is only available in Germany, France, Italy and Spain.


Formerly Transferwise, Wise is a simple way to transfer money abroad in 40+ currencies with a low pricing structure. It offers a debit Mastercard, and over 9 million customers trust it.


Banking App with transparency and flexibility compared to traditional banks. Users can spend money abroad with the Revolut Visa Card using real exchange rates. It has over 17 million customers worldwide.

Cash App Europe Alternatives: As a Payment App

1# Vivid

Does Cash App work in Europe? Alternatives for 2022 2
Visit Vivid

Vivid at a glance

Interbank exchange rate (plus 0.50% mark-up)
Free withdrawals up to €200 a month
No monthly fees
Visa debit card
Mobile app
Regulators“Tied agent” to brokers regulated by BaFin

Founded in 2020, Vivid is a very recent german digital bank created to help you make better decisions for spending, saving, sending, and investing your hard-earned money. It starts by offering you the basics: a checking account where you can easily organise your spendings without letting expenses go out of control! In turn, you grow your savings and reach your financial goals faster.

You can also benefit from a debit card that can give you up to 25% cashback in your spendings (in stocks), allows you to withdraw money in any ATM up to €200 for free, and gives you free money transfers worldwide. For 9.90€ a month, you get Vivid Prime, which offers all the standard/free plan features plus higher limits on money withdrawal (€1,000), higher cashback per month (€100), and much more!

Besides, you can invest commission-free in over 2,000 Stocks and ETFs, in over fifty cryptocurrencies and precious metals (with fractional shares – small sums starting from one cent). On the downside, you have a 0.50% markup fee for the currency exchange rate (EUR to USD and vice-versa), and it is only available in Germany, France, Italy and Spain.

In terms of safety, Vivid operates as an outsourcing partner of Solarisbank AG to provide bank account services, debit card services, and foreign exchange transactions. It also uses CM-Equity AG as the brokerage for transactions of financial instruments. Solarisbank AG and CM-Equity AG are both regulated by the German Federal Financial Supervisory Authority (BaFin)

Cash App Europe Alternatives: As a Payment App

2# Wise

Does Cash App work in Europe? Alternatives for 2022 3
Visit Wise

Wise at a glance

Interbank exchange rate
Free withdrawals up to €200 a month
No monthly fees
Mastercard® debit card
Mobile app

Wise, formerly known as TransferWise, is a peer-to-peer money transfer service with the primary purpose of saving you money from hidden fees charged by traditional banks. It was developed by two Estonian, Taavet Hinrikus (Skype’s first employee) and Kristo Käärmann, who felt they were being overcharged when travelling abroad.

Ever since, Wise has seen remarkable growth! It gives you access to a multi-currency account where you can convert money internally – between balances – (example: 1000 USD to 1000 EUR will cost you 4.18 USD). Besides, you can receive, send money, and spend money (with your debit card). You can also withdraw cash from ATMs but only two free withdrawals up to a total of 200 EUR each month (a 1.75% applies after the 200€ amount).

The software is super intuitive, both in mobile and PC versions, which means you will get along pretty quickly with its main features.

In terms of safety, Wise is an authorised money institution under the Financial Conduct Authority (FCA). It maintains a strict adherence to all FCA standards and strives to make each transaction as safe and secure as possible.

Cash App Europe Alternatives: As a Payment App

3# Revolut

Does Cash App work in Europe? Alternatives for 2022 4
Visit Revolut

Revolut at a glance

Interbank exchange rate
Free withdrawals up to €200 a month
No monthly fees (Standard Account)
Visa debit card
Mobile app

Revolut has the ambition to replace your bank account. The Fintech provides a business model dedicated to every individual who wants to get things done without focusing too much on unnecessary complexities involved in traditional banking. A good solution for your daily needs.

The UK Fintech enables you to send money worldwide quickly and securely, relying on the real exchange rate, which can let users save a huge amount of money. You can use this feature to easily split bills with your family or friends or get paid back.

If your account is the Standard one, you will have a limit of 200 EUR in free ATM withdrawals each month, for instance. In paid plans, starting from 2.99 EUR, you will be offered priority 24/7 client support, higher limits on withdrawals, free overseas medical insurance, and other perks.

Revolut also includes a trading area – US stocks, precious metals, and cryptocurrencies (more info here).

Final Verdict on the Payments Apps

Firstly, you need to be aware of your needs. If you believe you will converting a high volume of money from one currency to another, maybe a premium plan on Vivid or Revolut can be better. On the other hand, if you will only do it on lower amounts and a few times, Wise might be a good choice.

We do believe you will be well suited to either one. Both companies do exactly what they state: transparency, low fees, and hassle-free on user experience.

Their loyal customer base did not appear out of thin air. Their expertise, simplicity, and being very upfront about what they charge has given them a critical advantage over their competitors.

Alternatives to Cash App in Europe:
As an Investment App

Whether you came for the investment side of Cash App (including cryptocurrencies), the following paragraphs will answer your concerns! Even if Cash App Investing was permitted to European investors, we firmly believe that you would be better off to the already existing alternatives in the market. But we also see the entrance of Cash App in Europe with good eyes since it will heat the investment industry, which means cheaper options to allocate your capital!

Cash App is still extremely limited in the number of financial products you can trade: US stocks, ETFs, and Bitcoin (elsewhere in the Cash App). It is not ideal for someone looking for mutual funds, bonds, options, futures, CFDs… But even if you came looking for free commissions stock and ETFs trading, you can find more promising platforms in Europe.

After check-marked some criteria such as top tier regulators, customers’ feedbacks, platform ease of use, accessibility for European investors, and costs, we came to the following alternatives:


With over 20 million customers, it provides commission-free stock and ETF trading. You can also copy other traders/investors.
Disclaimer: 67% of retail CFD accounts lose money.

Trading 212

Commission-free stock and ETF trading (+10,000 global stocks and ETFs), 0.15% of foreign exchange fees, and presents fractional shares.
Disclaimer: 76% of retail CFD accounts lose money when trading with this provider.


One of the leading online brokers in Europe due to the low-cost structure (2M+ customers). A great choice for price-conscious buy-and-hold investors.
Disclaimer: Investing involves risk of loss.

Vivid Invest

As a feature inside Vivid, it gives you access to 2,000+ stocks and ETFs. It charges a 0.50% currency conversion fee. Crypto trading is also available and with one free trade per month in the standard plan.

Revolut Trading

One free trade every month. Mobile app only.

Disclaimer: Investing involves risk of loss.

Which app is better for me?

There is no one-size-fits-all app. So, ask yourself: What are your needs? Do you only value low commissions, or do you give more emphasis to a robust online platform? Does the range of investment products matter to you, or are you just looking for the payment side?

The best app will depend on your profile, preference, and objectives. Explore the websites above and decide for yourself!

We hope we have given you some valuable contributions to your investment and payment journeys!

A reminder that the above should not be construed as financial advice and should be considered information only.

Hope we helped, and leave your comments below.