Close Your Cash App Business Account in 3 Simple Steps

Updated on December 2nd, 2024

Close your Cash App business Account

Cash App offers a lot to its customers running their businesses, but some consumers may get tired of the app and might want to switch to another alternative. In that case, just uninstalling the app from your phone will not cut it. You must follow the proper steps to secure your funds and close the Cash App business account.

This guide will walk you through all the steps needed to close your Cash App business account.

Close your Cash App Account by following these 3 Steps

Before you go down the route of canceling your Cash App business account, here are 3 steps you need to take care of beforehand: 

Step 1:  Withdraw your Funds from the Cash App Business Account

Go through your account and check if you have any outstanding payments or unfinished business you need to take care of. If you have any pending transactions, make sure that you cancel them or just wait for them to complete processing. Otherwise, there is a risk that your money might get lost.

Transfer or Withdraw your funds from your Cash App Account

Cash App only allows you to delete your Cash App business account if your balance is zero. So, for that, you need to:

  • Withdraw your cash
  • Sell your stocks and Bitcoins
  • Clear out any gift cards that you received in your account

Clear out cash from your Cash App Business Account

To withdraw money from your Cash App business account, you must transfer your cash to a linked bank account. Here are the steps that you need to follow to get it done:

  1. Launch the Cash App on your phone
  2. Go to the home page.
  3. Tap on ‘Cash Out’
  4. Enter the total amount you have in your account.
  5. Press ‘Cash Out’ again to empty your Cash App account.

You can use the Standard option or ‘Instant Deposit’. However, this will cost you a small fee.

Withdraw funds from Cash app account

Transfer Bitcoin from your Cash App business account to your linked bank account

  1. Go to the Cash App home screen.
  2. Select the ‘Banking/Activity’ tab.
  3. Tap on ‘Bitcoin’.
  4. Select ‘Cash Out’ and enter the amount. 
  5. Choose the deposit speed and tap on ‘Cash Out’ to confirm.

Step 2:  Save Transaction details from the Cash App Business Account

Before you completely delete your Cash App business profile, you must have a copy of all the transactions and bank account details of the recipients either for tax reporting or future reference. Therefore, here is how you can download your Cash App business account information through a web browser:

  1. Log onto the Cash App business account.
  2. Go to the ‘Settings’ tab.
  3. Navigate to the ‘Your info’ option and click on the ‘Download your info’ option. 
  4. Then, go to ‘Activity’ and click on ‘Statements’.
  5. Press on ‘Export’. This will start your download.

Once everything is downloaded, save it on your computer and double-check to see if everything you might need is there. 

Step 3: Close the Cash App Business Account Permanently

Once you are ready to get rid of your Cash App business account, here is a step-by-step guide to your Cash App business account’s closure process: 

  • Open the Cash App on your phone.
  • Go to ‘Profile’.
  • Tap on ‘Support’.
  • A long list will appear in front of you. Select ‘Something Else’ from the list.
  • Choose ‘Account Settings’.
  • Tap on ‘Close Your Cash App Account’.

As soon as you tap on ‘Close Cash App account’, you will be redirected to a page explaining what it means to remove your Cash App business profile. If you still want to go ahead with it, click on the ‘Confirm closing account’ button at the bottom of the page.  

Close cash app account permanently

How to change Cash App Business Account to Personal

If you are unhappy with the Cash App business account but want to continue using Cash App, then you should convert the Cash App business account to a personal account. Here is how you can get it done:

  1. Open the Cash App on your device.
  2. Go to the ‘Profile’ page and tap on ‘Change Cash App account type’
  3. Press on ‘Change account type’.
  4. Verify using the PIN or fingerprint method.
  5. Your Cash App account will then change from business to personal.

Alternatives to Cash App

If you are on the hunt for apps that can be a substitute for your Cash App business account, here are some that you can try:

App NamefeaturesProsCons
PayPalFast, secure, allows 200 employees limited access to your accountOffers PayPal business loans, has a fraud-detection system in placeHidden fees can freeze your account without any warning beforehand
VenmoSocial payment system, peer-to-peer networkingQR codes, low transaction feesIt does not offer flexible payment options
Google PayBuy items in apps, allows you to make group paymentsCompatible with the majority of Android devices, offers business-only rewardsNot that widely accepted
ZelleInstant funds transfer between two bank accountsNo fees, instant money transferOnly based in the U.S

Conclusion

Cash App is a convenient tool for many business owners. Still, some may want to quit using it for various reasons like switching to other options like Venmo, shutting down their businesses, or even just having security concerns. But, before deleting your Cash App account permanently, you must take out your funds from your Cash App business account. 

Frequently Asked Questions (FAQs)

You can log in to your Cash App business account through a web browser if you don’t have access to a phone. The steps are the same as mentioned above.
No, once your account is deleted, you must create a new one to use Cash App.
You should transfer your funds to your linked bank account before closing your Cash App business account. Otherwise, you can lose your money.
You can close your Cash App business account almost instantly. However, if you have chosen to transfer your funds through the ‘Standard’ way, then it might take 1-3 business days for them to reach your bank account.
No, there is no fee for closing your account.

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(Founder & Editor-in-Chief)
Hey there! I’m Nehal, a digital payments expert and founder. I offer actionable insights on digital wallets to help you navigate digital finance with clarity and confidence.
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