How to Transfer Money from Cash App to Your Bank Account (2024)

Transferring money from your digital wallets to your traditional bank accounts is becoming a daily norm for many of us.

If you’re using Cash App, a popular digital wallet, and scratching your head about transferring those funds to your bank, worry no more!

In this comprehensive guide, I will walk you through every step and share some handy tips along the way.

Cash App And Bank Account

Cash App is not just a platform where can you transfer money from Cash App to a bank account, but also a place to receive and store money. If you’ve ever thought, “Can I transfer money from Cash App to bank account?”, the answer is a resounding yes! Likewise, you might also wonder, “Can I transfer money from a bank account to Cash App?” Well, the good news is, you absolutely can!

Linking Your Bank Account to Cash App

Before you dive into the transfer money from Cash App to bank account process or its reverse, you need to have your bank account linked. Let’s dive in:

Steps to Link Your Bank Account:

1. On your mobile device, open the Cash App.

2. Click on the Profile Icon on your home screen.

3. Go to ‘Linked Banks’ and tap on ‘Link Bank’.

4. You’ll be prompted to key in your bank details. Follow this, and your bank account will be linked in no time.

Transferring Money from Cash App to Bank Account

Wondering how to transfer money to Cash app from your bank account? Or the other way around? Here’s how:

Steps for Mobile Transfer

1. On your Cash App home screen, you’ll see the Money tab. Tap on it.

2. Select Cash Out. This option allows you to decide how much you’d like to transfer.

3. Choose the amount you want to transfer.

4. Now you have the choice between ‘Standard’ and ‘Instant’.

5. Finally, secure the transaction with your PIN or Touch ID.

How To Transfer Money From Cash App to Bank Account on Computer?

If you’re not into mobile and prefer desktop or simply want a larger view, you can transfer money from bank account to Cash App or vice-versa online. Here’s a step-by-step:

1. Log into your Cash App account at cash.app/account.

2. On the left side, spot and click ‘Money’.

3. Under your Cash Balance, you’ll see ‘Cash Out’. Click on it.

4. Decide on an amount. Remember, it’s your call.

5. Finally, select your bank account and deposit speed, and just click ‘Cash Out’.

Understanding Deposit Speeds

When transferring money, you have two-speed options:

Standard Deposit

This is the no-rush option. If you choose this, expect the money to show up in your bank account anywhere between one and three business days.

Instant Deposit

In a hurry? This option gets the money to your bank immediately. However, speed comes at a price. This option comes with a fee ranging from 0.5% to 1.75% (with a minimum fee of 25 cents).

Note: Ensure your debit card supports instant transactions. If not, you’re looking at the usual 1–3 business days.

Cash App Limits

Cash App has certain transfer limits, and these depend largely on whether your account is verified.

Unverified Accounts

With an unverified account, you can send up to $250 within a week. No more.

Verified Accounts

Verification upgrades your limit. Once verified, you can send a whopping $7,500 per week! To enjoy this, verify your name, DOB, and the last four digits of your SSN.

Dealing with Multiple Bank Accounts

Cash App’s current policy allows users to link just one bank account. This means direct transfers from multiple Cash App accounts to a single bank account aren’t feasible.

If you’re someone with multiple accounts and a single bank, consider the following:

1. Transfer funds from each Cash App to their respective linked bank accounts. Then, shift the money from those banks to your main one.

2. Got a trusted friend? Transfer from each Cash App to their bank accounts. They can then transfer the total sum to your primary bank.

Remember, these alternative methods might come with additional fees, so always double-check.

Conclusion

Transferring money from Cash App to your bank account is a breeze once you know the steps. With this guide, not only do you know the basics, but you’re also equipped with some pro tips to handle exceptions. So, the next time your Cash App balance looks appealing for a bank transfer, you know exactly what to do!