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Does Cash App work in Europe? Alternatives for 2024

Franklin Silva| Updated January 9th, 2024

Unfortunately, Cash App is not yet available in Europe – 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 plans to expand internationally, so we will be paying attention to it.

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

When is Cash App coming to Europe?

There is no date for a future expansion of Cash App in Europe.

Cash app started as a payment app created by Square, Inc in 2013. In September 2023, more than 50 million people in the US and UK were using Cash App. In 2016, the company opened its European headquarters in Dublin but has yet to launch its services in Ireland and Europe.

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

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 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 prevent the new incumbents from quickly gaining a significant market share, as their tools used to transfer money between people were much easier, painless, and cheaper! And that was how Wise, and Revolut were born:


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 16 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 25 million customers worldwide.

Cash App Europe Alternatives: As a Payment App

1# Wise

wise logo
Visit WiseDoes Cash App work in Europe? Alternatives for 2024 1

Wise at a glance

Currency exchange fee€/$0
ATM Withdrawal feeFree up to €200 a month
Monthly fees€/$0
Debit card(Mastercard®)
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 to €1000 will cost you $4.18). 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 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 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

2# Revolut

Does Cash App work in Europe? Alternatives for 2024 2
Visit RevolutDoes Cash App work in Europe? Alternatives for 2024 1

Revolut at a glance

Currency exchange fee€0
ATM withdrawal feeFree up to €200 a month
Monthly fees€0 (Standard Account)
Debit card(VISA)
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 in free ATM withdrawals each month, for instance. In paid plans, starting from €2.99, 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.

Final Verdict on the Payments Apps

First, you need to be aware of your needs. If you believe you will convert a high volume of money from one currency to another, a premium plan on 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 have 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 with the 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, and CFDs. But even if you came looking for free commission stock and ETF trading, you can find more promising platforms in Europe.

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


With over 30 million customers, it provides commission-free stock trading. You can also copy other traders/investors.
Disclaimer: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Interactive Brokers

Founded in 1978, IBKR is one of the world’s most trustworthy brokers. It offers an enormous range of financial products (stocks, ETFs, Options,…), and low currency conversion fees (FX fees).
💡 Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors.


It offers commission-free stock and ETF trading (in some European countries) and low spreads on hundreds of markets through CFDs on Stocks, Forex, Indices, Commodities, and Cryptocurrencies. Awarded multiples time as the best Forex and CFD broker.
Disclaimer: 79% 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 (2.5M+ customers). A great choice for price-conscious buy-and-hold investors.
Disclaimer: Investing involves risk of loss.

Trading 212

Commission-free stock and ETF trading (+10,000 global stocks and ETFs), 0.15% of foreign exchange fees, and presents fractional shares. New users get one free share of up to €100 by using the code IITW.
Disclaimer: 76% of retail CFD accounts lose money when trading with this provider.

Disclaimer: Investing involves risk of loss.

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 obtaining 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, Cash Card, to withdraw money from ATMs and pay online and in stores.

Moreover, Cash App investing is also a feature with promising results 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.

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.

Franklin Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.