Quick Overview: Use the Cash App by clicking Banking > Cash Balance > Cash Out to withdraw money. Enter the amount you wish to withdraw on the following screen, and when prompted, click “Standard” to start the transfer.These days, Cash App is among the most widely used apps since it provides a safe and convenient platform for money transfers. You can transfer money to your contacts, bank account, or card with it. However, despite its popularity and complexity, a lot of individuals are unaware of how to take money out of the Cash App. Can withdrawals be made? If yes, how would one go about doing so? Let’s investigate!
Is it Possible to Take Money Out of Cash App?
By transferring funds to your bank, mailing money to a contact, or connecting a card to your account, you can withdraw money from Cash App. Like Venmo, Cash App facilitates simple money transfers and purchases using a Square Cash Card. It’s a simple process to return money to your bank account if that’s your preference.
You can withdraw money even if there isn’t a linked bank account, although account verification is necessary to prevent restrictions. The weekly sending and monthly receiving restrictions for unverified accounts are $250 and $1000, respectively. You need to link a bank account in order to raise these restrictions.
You can also take money out by sending it to a reliable person, who will subsequently deposit it into your bank account.
How to Take Money Off of Your Phone Using the Cash App
With these steps, you can quickly cash out your Cash App balance:
Within the mobile Cash App:
- From the Cash App home screen, tap the Banking tab.
2. Select other option “Cash Out”
3. Click “Cash Out” after selecting the appropriate amount.
4. Select the deposit speed.
- Use your Touch ID or PIN to confirm the purchase.
As an alternative, you can use the Cash App website to cash out online:
- Visit: cash.app/account to access your Cash App account.
- Select “Money” from the menu on the left.
- Go to “Cash Out” under your Cash Balance.
- After choosing or entering the amount, click “Continue.”
- Click “Cash Out” after selecting your bank account and deposit speed.
Read also: Troubleshooting cash app account
How Much Time Does Cash App Take to Transfer Money?
Depending on whether you selected the Standard (1-3 business days) or Instant (instantaneous transfer to your bank account) withdrawal option, the time it takes for money to move from your Cash App account will vary.
Rarely, it could take up to three days for the money to really deposit in your bank account. Keep an eye on the payment status to make sure everything proceeds as planned:
- Launch Cash App on your iPhone or Android device.
- Navigate to the Activity tab, which may be found on the app’s home screen.
- To view the transaction information, choose the applicable bank transaction and then hit the button below. This status check is applicable to all payment-related actions.
Does Cash App Require Fees for Money Withdrawals?
Depending on the withdrawal method, Cash App fees change. There is usually a $0.25 cost for instant withdrawals, but it gives you instant access to your money. Although it can cause processing times to lag, link a bank account or credit card to your Cash App to avoid fees.
If you would rather not pay for a withdrawal, you can choose to make a free Standard withdrawal, which could take up to three days.
The Cash App Withdrawal Process Without a Bank Account
Cash App allows you to receive money without requiring you to join a bank account, but there are certain things to keep in mind:
- The received amount will stay in your Cash App wallet and cannot be taken as cash because a Cash Card is needed if you do not link a bank account.
- Open the Cash App, select the “Activity” tab, locate the pending payment, and click “Accept” next to the sender’s name to receive without a bank account. Your Cash App wallet will be credited with the money.
- It is best to have a linked bank account because it guarantees quicker transfers and a more seamless transaction process.
Taking Money Out of Cash App Without a Card
Don’t panic if you haven’t ordered a Cash App card. Without a physical card, you can still access your funds. You can withdraw money straight to your bank account by contacting +1 (970) 8234606 and connecting your bank account to your Cash App.
Withdrawals from ATMs Using Your Cash App Card
You certainly can! You may take out cash from ATMs using the Cash App card just like you would with a regular debit card. Use only ATMs that are part of the network to avoid paying extra.
Where to Use Your Cash App Card to Make Cash Withdrawals
Look for ATMs with the MoneyPass or Visa Plus Alliance logos if you want to take out cash with your Cash App card. When using an in-network ATM to withdraw money with a Cash App card, there are no extra costs.
If you know the measures to take, withdrawing money from Cash App is quite simple. All you need to do is follow the steps, and everything will be fine. You can make a withdrawal if you have a bank account or a card, but you can also make a withdrawal without a card.
You won’t be charged for standard withdrawals; however, you will be charged $0.25 for instant withdrawals. Standard ones, on the other hand, will take one to three days, so choose wisely based on how quickly you need the money.