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Currently, 36 million active users of the Cash App in the United States use it to transfer money and pay bills. Money transfers are very simple with the mobile service application, leaving little room for confusion.
Although, users may have difficulty understanding certain terms and may require more details when using the app. For instance, you might not know what “Cash Out” means.
If you don’t, it’s ok as I created this complete guide to cashing out on Cash App. Now, let’s get started.
In This Post:
- What does cash out mean on Cash App?
- How do you get your money off the cash App? (Step-By-Step)
- Is There a Limit to How Much I can Cash Out on Cash App?
- What happens if you don’t cash out on Cash App?
- Why is Cash App not letting me cash out?
- Is Cash App safe to cash out?
- How Long Does it Take for Funds to be Available When Cashing Out?
- Can you cash out instantly with Cash App?
- What if I have problems cashing out with Cash App?
- Wrapping Up
“Cash Out” simply means to transfer the money in your Cash App account into your linked bank account. You can also link another card to your Cash App account to transfer the funds to the debit card.
Imagine it like an ATM; you are withdrawing cash from your Cash App account to the bank or credit card of your choosing. But, of course, it has to be linked to your account for your to “Cash Out” your money. I’ll show you how to do it step-by-step in the next section.
Using the Cash Out feature is simple, especially once you know how to do so. Below you’ll find out how to cash out within the app and by using the website.
Here are the steps to cashing out within the app to your bank account:
- From the home screen, tap your balance in the bottom left-hand corner
- On the next screen, tap Cash Out below the balance
- Choose the amount you want to take out
- Press Cash Out
- Select if you’re going to send it instantly or within a couple of days
- Confirm with your PIN number
See, it wasn’t that hard to do on the app. Now, was it?
I found it easier and quicker to do within the app than on the computer. But, if you must use the computer, you’ll find out how to do so in the next section.
The steps are pretty similar when you use the Cash App website to transfer the money into your bank account. Go to your balance on the homepage, and on the next screen, you’ll see the option to cash out.
Simply follow the directions to send the amount you wish to your bank account. The only difference is the device you’re using. I find it easier to use a smartphone since it is smaller and quicker.
Within a seven-day period, you can send up to $250 with Cash App. The limits can be increased by verifying your identity with your full name, date of birth, and the last four digits of your social security number. Usually, the increased amount turns into $1,000 within a seven-day period.
If you never use the cash out, the feature does the option goes away? What if you have a cash app for two years and finally decide to transfer money into your bank account.
If you decide to use the cash out feature randomly, the option will always be there. In other words, if you choose to cash out money several years later, you will be able to do so.
In rare cases, you’ll find Cash App not allowing you to complete the cash out process. Below are a few reasons why this may happen.
- Insignificant funds in your Cash App account
- There’s an error with your bank or debit card
- The app needs to be updated
- You enter the wrong details
Often when Cash App doesn’t let you do the cash out process, it’s due to entering the wrong amount. If this happens, go back and double-check your balance within your Cash App account.
You can also see if the cash out actually happens and you’re just receiving an error by checking the status. To check the status of your cash out request, go back to your home screen.
Next, tap on the activity option in the upper right-hand corner. At the top should be a pending cash out transaction. If you don’t see it, it’s best to contact support for help.
Yes, it is safe to use the cash out feature on Cash App. I’ve been using Cash App for a while and have used the feature multiple times. I have never had a problem with this feature during the years of using Cash App.
The speed of the deposit will depend on if you choose instant or standard timing. If you choose instant, the cash will appear within your bank or card within seconds. You’ll receive your money between one and three business days with the standard option.
Yes, you can cash out instantly with Cash App. But, remember, it does come with a fee.
Fees are 0.5% – 1.75%, with a minimum of $0.25, for Cash App instant cashouts. The fee can be expensive depending on the amount you’re transferring, but worth it when you need extra cash in your bank account.
If you come into any problems with this feature on Cash App, you can always contact support. You contact support within the app or contact them at 1-800-969-1940.
There you go! Your complete guide to using the cash out feature within Cash App. Now that you read the guide, you should have a solid understanding of how to transfer the money out of your Cash App into your bank account or linked debit card.