Customers of Venmo, PayPal and CashApp should not store their money with those apps for the long term because the funds may not be covered by deposit insurance.

Peer-to-payment apps are fast and convenient, but what if something goes wrong? Consumer Reports says doing this one thing may protect your money from scammers and errors.

But if you’re not careful, you could fall for a scam that could drain your bank account in seconds. When she couldn’t find a phone number for Cash App on the app, she Googled it. “So, I went to my bank account and he was saying, 'Ma’am, you need to stay on Cash App. Cash App responseCash App is aware of the scam and says you should only contact them through its app or website. If you believe you have fallen victim to a scam, you should contact Cash App support through the app or website immediately.