How Much Does Cash App Charge? A Fee Breakdown

Cash App has emerged as a widely used mobile payment service, enabling individuals to manage their finances, send money, and access various financial tools directly from their smartphones. Understanding the associated costs and fees helps users make informed decisions about their transactions.

Fees for Core Transactions

Sending and receiving money between Cash App users is generally free when utilizing funds from a Cash App balance or a linked debit card. This applies to both personal transfers and payments to businesses or merchants. Funds transferred via Cash App are automatically credited to the recipient’s account without additional charges.

When initiating a payment using a linked credit card, Cash App applies a 3% fee to the transaction amount. This fee is standard across many payment applications when funding transfers with a credit card. To avoid this particular charge, users can opt to fund payments directly from their Cash App balance or a linked debit card.

Standard deposits, which involve transferring funds from a Cash App balance to a linked bank account, are also free of charge. These standard transfers typically process within one to three business days. For business accounts, receiving payments from customers incurs a 2.75% fee, which is automatically deducted from each transaction.

Fees for Instant Transfers

Cash App provides an “Instant Deposit” option for users who require immediate access to their funds, allowing transfers from a Cash App balance to a linked debit card within minutes. This expedited service, however, comes with a fee. The fee for instant transfers typically ranges from 0.5% to 1.75% of the transfer amount.

A minimum fee of $0.25 applies to instant deposits, meaning that for smaller transfer amounts, the minimum fee might be higher than the calculated percentage. The exact fee for an instant transfer is clearly displayed to the user before they confirm the transaction. This fee structure highlights the trade-off between speed and cost, as standard deposits offer a free alternative, albeit with a processing time of one to three business days.

Fees for Cash Card Use

Using the Cash Card for purchases, whether online or in physical stores, generally incurs no fees. This allows users to spend their Cash App balance directly without additional charges at the point of sale. The Cash Card functions similarly to a standard debit card for everyday transactions.

ATM withdrawals using the Cash Card typically incur a $2.50 fee charged by Cash App for each transaction. In addition to Cash App’s fee, the ATM operator may also impose their own surcharge, which varies and can add several dollars to the total cost of a withdrawal.

Cash App offers a way to potentially waive its ATM withdrawal fees for users who set up direct deposit. If a user receives $300 or more in direct deposits to their Cash App account within a calendar month, Cash App will waive its $2.50 ATM fee for the subsequent 31 days. This benefit includes unlimited free withdrawals at in-network ATMs and reimbursement for one out-of-network ATM withdrawal per 31-day period.

For international transactions, using the Cash Card in supported countries or with international online merchants may incur a 3% foreign transaction fee. This fee is applied to purchases and ATM withdrawals made abroad. This international use fee can also be waived if the user receives $300 or more in direct deposits each month.

Fees for Investing

Cash App facilitates investing in two distinct asset classes: Bitcoin and stocks. For Bitcoin transactions, Cash App applies a service fee and may include a small spread on the conversion rate when users buy or sell Bitcoin. The spread, typically ranging from 0% to 1%, is a markup or markdown in price designed to manage price volatility.

The exact fee for Bitcoin transactions, including any service fees and the spread, is transparently displayed on the transaction confirmation screen before the user completes the purchase or sale. Fees can vary based on market conditions and the transaction amount.

For stock investing, Cash App offers a commission-free trading model. This means users are not charged a direct fee by Cash App for buying or selling stocks. There are no monthly maintenance fees or minimum balance requirements for Cash App Investing accounts.

While Cash App does not charge commissions, certain minimal government and regulatory fees may apply to stock trades. These fees, such as those from the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), are standard across most investment platforms. Cash App discloses these regulatory fees to the user before a trade is finalized, and it does not retain any portion of these charges.