Since it's creation back in 2012, Cash App has grown year after year and has proven to be amongst the best Money Transfer apps in the world right now.
With the likes of Paypal, Zelle, Venmo, Netspend, Cash App, and just to name a few, there are so many money transfer apps in the world right now. And these are considered amongst the best money transfer apps in the world right now.
Without beating around the bush, we will get to our article proper. Cash App is a popular financial app for mobile devices that allows users to send and receive money from other Cash App users.
And as a Cash app user, you'll definitely have to withdraw cash one day or another. Well in this article today, we'll walk you through the process of withdrawing money from Cash App and answer some common questions you may have in relation to this subject.
Table of Contents
How to Withdraw Cash from Cash App easily
There is mainly only one way to withdraw money from Cash App and this is by using a withdrawal platform like a bank account.
Well, this is how to withdraw money from Cash App this year;
Step 1: Open the Cash App
The first step to withdrawing money from Cash App is to open the app on your mobile device.
You should see the home screen, which includes your available balance and recent transactions.
Step 2: Tap the "Balance" button
Next, tap the "Balance" button, which is located at the top of the home screen below your profile information.
This will take you to the screen that shows your account balance and recent transactions.
Step 3: Select "Cash Out"
To withdraw money from Cash App, you need to select the "Cash Out" option.
This will take you to the next screen, where you can see all the available withdrawal options.
Step 4: Choose your Withdrawal Method
Here, you will need to choose your preferred withdrawal method. Cash App offers two withdrawal options: Standard Deposit or Instant Deposit.
Standard Deposits can take up to three business days to process, and there are no fees associated with this withdrawal option.
However, for an additional fee, you can opt for an Instant Deposit, which will allow you to withdraw money from Cash App instantly.
Step 5: Enter withdrawal Amount
After selecting your withdrawal method, you will need to enter the amount you want to withdraw.
Make sure to double-check the amount entered, as you cannot cancel this transaction once it is processed.
Step 6: Confirm withdrawal
Once you've entered the amount you want to withdraw, tap "Cash Out" to confirm your withdrawal.
You may be asked to confirm your identity with a password or fingerprint, depending on the security settings you have enabled on your device.
Step 7: Wait for confirmation
Finally, wait for the confirmation that your withdrawal has been processed.
Depending on the withdrawal method you chose, you may see your funds within three business days or immediately if you chose the instant deposit option.
Some Frequently Asked Questions(FAQs) on cash Withdrawal from Cash App
Can I withdraw money from Cash App without a bank account?
No, you cannot withdraw money from Cash App without linking a bank account or debit card.
How much money can I withdraw from Cash App?
You can withdraw up to $2,500 in a 7-day period from Cash App.
Are there any fees associated with Cash App withdrawals?
Standard deposits are free, but instant deposits come with a fee of 1.5% of the transaction amount.
How long does it take to withdraw money from Cash App?
Standard deposits take up to three business days, while instant deposits are processed immediately.
Closing Remarks on How to Withdraw Funds from Cash App
In conclusion, withdrawing money from Cash App is a simple process that can be completed in just a few steps.
Just remember to link your bank account or debit card, and choose the withdrawal option that best suits your needs. By following these steps, you'll be able to withdraw money from Cash App in no time.