Today, digital transactions have become a breeze thanks to apps like Cash App, Venmo, and PayPal. However, Cash App, in particular, has gained a lot of fans for its user-friendly interface and unique features. Still, some people may need help understanding how to withdraw money from their Cash App account.
Explore simple ways to cash out your funds from your Cash App account.
2 Ways to withdraw your money from your Cash App account
Here are two ways that you can get your money from your Cash App account:
- Withdraw money from Cash App to bank Account
- Withdraw money from a Cash app Card
Withdraw Cash through Bank Transfer
You can withdraw money from the Cash App without a card if you do it via bank transfer. If you want to transfer money from your Cash App account to your bank account, you must first link an existing bank account to Cash App.
Connect your bank account to the Cash App.
To connect your bank account to the Cash App, here is what you need to do:
- Open Cash App
- Head over to the ‘Profile’ icon.
- Click on ‘Linked Banks’
- Press on ‘Link Bank’.
- Select your bank from the list offered to you.
Withdraw money from Cash App to bank Account
After you have successfully linked your Account, here are the steps that you should follow to ensure seamless transfer of your cash:
- Launch the Cash app: Open the Cash App on your device.
- Find ‘Balance: Locate the ‘Balance’ tab on your screen and tap on it.
- Cash out: Next, press on the ‘Cash Out’ sign.
- Input the amount: Enter the amount you want to transfer.
- Choose the transfer speed: Then, you will get two options regarding the transfer speed. You can choose the ‘Standard’ or ‘Instant Deposit’ option.
Standard Deposit (Free): The selected amount will be deposited into your bank account in 1-3 business days without additional charges.
Instant Deposit (Fee Applies): To transfer the money using this option, you will be charged around 1.5%—1.75% of the transfer amount). However, the upside is that you will get the amount immediately transferred to your bank account.
- Select your bank account: Next, pick your bank account.
- Check all the details: After that, review all the transaction details, including the amount you need to be transferred and the bank account, and then tap on the ‘Confirm’ icon.
- Enter your PIN: Then, you will be asked for your Cash App PIN. You can choose to enter it or use other biometric authentication methods, such as fingerprint or Face ID, to finalize the transaction.
After following all the steps mentioned above, you will have your cash in hand from your digital wallet.
Withdraw money from Cash App without a bank Account
You can’t directly withdraw money from a Cash App without a bank account.
Here are some alternative options:
- Cash Out to a Debit Card: You can link a debit card to your Cash App and withdraw money to that card. This will likely involve a fee.
- Use Cash App Card: You can order a physical Cash App debit card, which you can use to withdraw money at ATMs or make purchases. You’ll need to be approved for the card, and there may be fees associated with its use.
- Send Money to Another User: If you know someone with a linked bank account, you can send the money to them and have them withdraw it.
Withdraw money from a Cash App Card
You can withdraw money from Cash App for free through a Cash App card (excluding ATM fee). Here is how to get started with a Cash App card to get your funds out of your Account.
What is a Cash App card?
A Cash App card is a Visa debit card connected to your Cash App account. You can get a Cash App card by tapping the ‘Get Cash App card’ option on the Cash App home screen.
Activate your Cash App Card
Once you get your Cash App card, you must activate it to withdraw money or use it in stores and online. To do this, here are simple steps that you should follow:
Activate the Cash App card through the QR code that arrived with it.
- Go to the Card tab on your Cash App home screen
- Select the green Activate button
- Accept when the Cash App asks permission to use your phone’s camera.
- Hold your camera over the OR code to scan it.
If you no longer have the OR Code, follow the below process to activate the Cash App Card.
Activate the Cash App card through a CVV Code
- Go to the Card tab on your Cash App home screen
- Tab the image of your Cash Card
- Tap on Activate Cash Card
- Instead, Utilize your Camera and tap on the missing QR code Below
- Tap on ‘Use CVV instead.’
- Type your CVV code and the expiration date of your Cash App card.
How do you cash out using a Cash App card?
Finally, once you have your Cash App card in hand and activated, it is ready to be used. You can use it to make cash withdrawals from ATMs, whether they are a part of the Cash App network or not.
However, there is an ATM fee of $2.50 and an out-of-network fee if you use an out-of-network ATM. You can also use the “Cash App ATM locator feature” to find all the ATMs associated with Cash App near you.
Withdraw money without a Cash App Card
You can withdraw money from the Cash App without a card by linking your bank account and transferring funds directly through a bank transfer, which takes 1-3 business days for the standard deposit option.
Cash-back at convenience stores
You can also head to your nearest retail store (from the Cash App network) to withdraw funds using a Cash App card. You must give your Cash App card to the cashier and input the amount you need. However, this must be in line with the store’s cash-back limit. Then, once you have entered your PIN, the transaction will be completed, and the cashier will hand over the cash.
Stores offering Cash-back on Cash App
Retailers like Home Depot, Walgreens, Walmart, Amazon, Macy’s, Kohl’s, and many others offer $2 earnings for every $20 you spend when you shop there.
Some retail stores allow you to withdraw money from your Cash App account by generating a QR code or a barcode. The cashier at the store will scan it and hand you the cash once the transaction is completed.
Tips to Withdraw Money Faster from your Cash App Account
If you are in a hurry and want your cash out instantly and not have to wait for 2 to 3 business days, then here are some tips to help you get your money faster:
- Select the ‘Instant Deposit’ option: When depositing funds from the Cash App account to your bank, select the ‘Instant deposit’ option. Also, ensure that your Cash App card is activated and your debit card is linked to your bank account for easy transfer.
- Use an ATM: Use an ATM to get money off the Cash App instantly. However, keep in mind the maximum daily transaction limit.
- Provide complete account information: Ensure you have verified your identity and your bank account number is updated and linked to your Cash App account.
- Contact Support: Make sure you connect with the Cash App team if you encounter any problem with the app and resolve it immediately. A malfunctioning app may hinder your chances of a faster withdrawal.
- Stay updated: Keep your Cash App updated so you are equipped with the newest features for a flawless experience.
Security and Privacy on Cash App Account
Cash App has set the bar high in terms of offering security and privacy to its users. It employs various tactics to make Cash App a safe platform for its users, such as:
- Cash App uses Two-Factor Authentication to add an extra layer of security to your Account.
- It employs encryption to protect your data from external prying eyes. All the information stays between your device and its servers.
- Cash App has a system in place to detect fraudulent activities.
- It offers PIN protection and biometric verification to keep your Account secure.
- Cash App also sends security notifications when it detects any activity in your Account, such as log-ins or transactions.
Conclusion
Cash App has made it easier to access your finances digitally. It offers a convenient and hassle-free way to withdraw money from Cash App even without a bank account. Whether you make financial transactions through an ATM, head to a retail store for cash back, or transfer money to your bank account, Cash App has a straightforward system to cater to your needs.
