How Much Does Cash App Charge to Cash Out?

“Cashing out” on Cash App refers to moving funds from your balance to an external bank account or withdrawing physical cash. This function allows users to access their digital funds. Understanding the various methods for cashing out and their associated costs helps users manage their money effectively. This guide will detail the fees and options involved in accessing your funds through Cash App.

Fees for Expedited Transfers

Cash App offers an “Instant Deposit” option to transfer money to a linked debit card or bank account. This expedited service provides funds within minutes, making it a convenient choice for urgent financial needs. The fee for an instant deposit ranges from 0.5% to 1.75% of the transfer amount, with a minimum charge of $0.25. For example, a smaller transfer might incur the $0.25 minimum fee, while larger amounts will be subject to the percentage-based charge. Users can initiate an instant transfer within the Cash App by selecting the “Cash Out” option and then choosing the “Instant” speed. The exact fee is displayed within the app before confirming the transfer.

ATM Withdrawal Fees

Withdrawing physical cash from your Cash App balance requires a Cash Card, which functions as a Visa debit card linked to your account. Cash App charges a $2.50 fee for each ATM withdrawal. This fee applies to both in-network and out-of-network ATMs. Users may also encounter additional charges from the ATM operator, especially when using out-of-network machines, and these operator fees can vary. Users who receive at least $300 in direct deposits to their Cash App account within a month qualify for unlimited free ATM withdrawals at in-network ATMs and one reimbursed out-of-network withdrawal per 31-day period. To use the Cash Card, simply insert the card and follow the on-screen prompts.

Standard Transfer Options

For users not in immediate need of funds, Cash App provides a standard transfer option that is free of charge. This method moves funds from your Cash App balance directly to a linked bank account. Standard transfers typically take 1 to 3 business days for the funds to arrive in your bank account. To initiate a standard transfer, users select the “Cash Out” option within the Cash App and then choose the “Standard” transfer speed.

Transfer Limits

Cash App imposes limits on transfers, varying based on identity verification, which apply to both instant and standard transfers. For unverified accounts, the sending limit is $250 within a 7-day period, and the receiving limit is $1,000 within a 30-day period. Verified accounts have significantly higher limits. Users who have verified their identity by providing their full name, date of birth, and the last four digits of their Social Security Number can send up to $7,500 per week, receive unlimited funds, and may transfer up to $25,000 per week to a linked bank account for cashing out. ATM withdrawal limits for verified accounts are $1,000 per day, $1,000 per week, and $1,250 monthly. Users can check their current limits within the Cash App by accessing the “Limits” section in the settings.