Cash App’s main purpose is to send and receive money to and from contacts.

If you have ever used a Cash App, you might have seen an option that reads “Cash Out”. It basically means sending or transferring money from Cash App to the linked bank account is called cash out on Cash App.

What Does Cash Out Mean on Cash App?

Cash out on Cash App means transferring money out of the app and into your bank account or through your Card. An example would be withdrawing money from an ATM using your Cash Card, which is also considered cashing out.

What Does Cash Out Mean on Cash App

It’s a way to access your funds in a physical form, whether that be through cash or using your debit card.

How to Cash Out on Cash App?

Alright, let’s get to the nitty-gritty. It’s a pretty straightforward process.

Step 1: Open Cash App

You simply open the app and sign in with your username and password.

Step 2: Tap the Balance

Click on the Balance tab. You will find it located on the home screen along with your current balance.

It shouldn’t be too hard to find.

Step 3: Press Cash Out Now

Select the Cash-Out button and it will redirect you to the cash-out screen.

Step 4: Choose an Amount

Enter how much mula (amount) you want to cash out. Click on Cash Out.

Step 5: Select a Deposit Speed

I will explain this to you in more detail below but you will be prompted to select a deposit speed: Standard or Instant.

  • Standard will take 1-3 business days
  • Instant will deposit your funds immediately for an extra fee (0.5% – 1.75%).

Step 6: Confirm with Your PIN or Touch ID

Finally, confirm your cash-out request by entering your PIN or using Touch ID. And that’s it! Your funds will be on their way to your bank account.

Cash Out Speed Options

The app has two options to Cash Out. One is a Standard one which is usually slower but doesn’t cost you anything and the other is instant which will cost you a bit but faster transfer.

Which one you choose depends on your situation.

1. Standard Speed

Let’s say you choose the Standard speed, You won’t have to pay any fees, and your money will arrive in your bank account within 1-3 business days.

I mean this option is ideal if you don’t need your money right away and will be willing to wait a few days.

2. Instant Speed

On to the next option is the Instant speed. As the same suggests, I will have to pay an extra fee of 0.5% – 1.75% (the minimum fee is $0.25) for using this option.

For this to work, you will need to link your debit card and bank account. By the way, you should know that not all debit cards accept Instant Deposits.

Basically, you will need to link your bank account or debit card first to Cash Out. Once you have linked your account, you can easily transfer money from your Cash App balance to your bank account.

I will guide you through that if you haven’t done so.

How to Link a Debit Card on Cash App to Cash Out?

The Process is super simple. Just follow along my lead:

Step 1: Open Cash App

Launch the app, log in to your account, and tap on the profile icon. Ummm unless the app has changed its UI, you will find them in the upper-left corner of the screen.

Step 2: Tap on “Add Debit Card.”

Go to the “Funds” section and select the obvious “Add Debit Card” tab.

Step 3: Enter your Debit card details

Fill in your Direct Deposit supported debit card number, expiration date, and CVV code. Make sure to double-check everything to make sure you’ve entered the correct information.

If you aren’t gonna do direct deposit, any card will do.

Step 4: Click “Add Card”

After you have filled in all the necessary information, tap on “Add Card.”

Now, you and I will just have to wait for Cash App to verify your card or bank account. This process may take a few minutes.

Once your card or bank account is verified, you’re all set and can use your linked debit card to send and receive money through Cash App.

Just one last thing and by the way this doesn’t happen at all times, but sometimes Cash App may ask you to verify your identity before you can link your debit card. This is a security measure to protect your account and prevent fraud.

How to Add a Bank Account to Cash App?

Again, similar to the above one, this process is just the same as above. The only difference is that you will need to tap on Add a Bank account rather than the card.

But as I have promised you above, I will guide you step-by-step along.

Step 1: Open Cash App and Go to your profile

Simply Open the Cash App and select the profile icon in the top left corner of the screen.

Step 2: Select Linked Banks

Once you are in your account settings, you will be shown a list of options. Simply Look for the option that says “Linked Banks” and tap on it.

Easy peasy right? Let’s continue on.

Step 3: Tap on Link Bank

Now, select “Link Bank.” Tap on it to begin the process of adding your bank account.

Step 4: Open Plaid

Plaid which is a third-party service used to link banks to apps will automatically pop up and you simply follow the on-screen prompts to search for your bank name and add your bank account.

Step 5: Click Done

After you have finished linking your bank account, you will be prompted to hit “Done.”

Cash App Cash-Out Fee

Types of Cash OutFeesTime
Standard TransferFree1-3 Business Days
Instant Transfer0.50% to 1.75% Instant

Cash Out Limits

There are certain limitations on Cashing out your funds depending on various factors such as Verified and Unverified users, Cash Card ATM Withdrawals, Bank and Debit Card transfers, etc.

Sending Money

  • Unverified users: $250 within seven days.
  • Verified User: $7,500 per week

Cash Card

  • $7,000 per day
  • $10,000 per week
  • $15,000 per month.

Cash App Receiving Limits

  • Unverified User: $1,000 within 30 days
  • Verified User: Unlimited amount

Cash App cash-out limits could be divided on the basis of verification. That’s to say that users who are verified can send or cash out money up to $7500 per week. On the other hand, who have not confirmed their identity on Cash App they are not allowed to cash out more than $250 per week.

By the way, Cash withdrawal from an ATM is chargeable up to $2 per transaction.

I will link down some more tutorials and guides below. Simply scroll down at the bottom for more guides and FAQs.

How Long Does it Take to Cash Out on Cash App?

Instant Cash App cash out to the bank might take up to 1 day. On the other hand, standard bank transfers might take up to 2-4 days.

The cash-out time also largely depends upon the bank. If you have recently cashed out your money to a bank account but have not received money for more than 4 days then it is time to get in touch with Cash App customer service.

What Happens if You Don’t Cash Out on the Cash App?

Let’s put the first thing first. Cash App is not a bank. Though Cash App has a routing number in partnership with Lincoln Savings Bank, but it is still not a bank.

So, disregard the idea of earning interest from money you stored on the Cash App. It further means that nothing will happen if you don’t cash out your money on the Cash App.

Your money will remain safe and secure in the Cash App until you cash it out.

But, I suggest if you are just gonna keep the money and not spend it, you should store your money in a bank; that way at least it will get you some extra money in form of the interest. 

Safety Tips When Cashing Out on Cash App

Alright, now that you know how to cash out on Cash App, it’s also equally important to mind some safety tips to avoid any problems.

Here are some basic tips to maintain when cashing out:

  1. Double-check the recipient’s information
  2. Use a secure network
  3. Set up two-factor authentication
  4. Don’t share your account information
  5. Keep an eye on your account activity to make sure that there are no unauthorized transactions.

Frequently Asked Questions

Why Can’t I Cash Out on Cash App?

If you can’t cash out on Cash App, it could be due to several reasons: An unverified Cash App account, not enough funds in your Cash App balance, or your bank account information is incorrect.

Where can I withdraw money from Cash App?

You can withdraw money from Cash App for free at any ATM that displays the Visa, Plus, or Star logo.

What is the Cashout fee on Cash App?

Cash App doesn’t charge a cash-out fee. However, if you choose to deposit your money instantly, you will be charged a 1.5% fee. If you can wait 1-3 business days for your deposit, you won’t be charged any fees.

What is the withdrawal Cash Out Limit on Cash App?

For unverified accounts, you can only withdraw up to $1,000 per day and receive up to $1,000 per week. Verified account and withdraw up to $2,500 per day and receive up to $7,500 per week.

Does Cash App have an Automatic Cash Out Feature?

Cash App doesn’t have an automatic cash-out feature.

More Cash App Tutorials

Hello! I'am Jack Vasquez Garcia. I'am a Certified Financial Planner (CFP) and a seasoned P2P expert specializing in Venmo, Cash App, and Netspend. With my deep knowledge and experience, i write about personal finance, budgeting and will try to simplifiy digital transactions for individuals and businesses, making life easier in the digital realm. Linkedin

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