Definition
Primary Banking Active – Block's term for a Cash App account that either receives a recurring inflow (like a paycheck via direct deposit) or spends at least $500 a month across Cash App's products (Cash App Card, Cash App Pay, Afterpay, ACH bill pay). It's meant to isolate the subset of Cash App's broader user base that treats the app as their actual primary bank account rather than an occasional-use wallet, since that group is far more valuable per user than a casual peer-to-peer sender. Found In: Shareholder letters, MD&A (key operating metrics)