How Much Can You Send on Cash App?
When it comes to sending money through Cash App, one of the most common questions users have is, “How much can you send?” The answer to this question can vary based on several factors, including your account status, the type of transaction, and the recipient’s account type. Let’s dive into the details to help you understand the limits and options available to you.
Understanding Cash App’s Limits
Cash App has different limits for sending money, depending on whether you’re sending to a friend or a business. Here’s a breakdown of the general limits:
| Transaction Type | Limit |
|---|---|
| Personal to Personal | $250 per 7-day period |
| Personal to Business | $1,000 per 7-day period |
| Business to Personal | $1,000 per 7-day period |
| Business to Business | $10,000 per 7-day period |
These limits are subject to change, and Cash App may adjust them based on your account activity and risk assessment.
Account Verification and Limits
Your account status plays a significant role in determining your sending limits. Here’s how it works:
- Unverified Account: If your account is unverified, you’ll have a $250 limit for sending money to friends and a $1,000 limit for sending to businesses. To increase your limits, you’ll need to verify your identity by providing your Social Security number and other personal information.
- Verified Account: Once your account is verified, you’ll have a higher limit of $7,500 per 7-day period for sending money to friends and $25,000 per 7-day period for sending to businesses.
- Business Account: If you have a Cash App business account, you’ll have even higher limits, with a $50,000 per 7-day period limit for sending money to friends and a $100,000 per 7-day period limit for sending to businesses.
Keep in mind that Cash App may request additional information or documentation to verify your account, especially if you exceed the standard limits.
Transaction Fees
When you send money through Cash App, you may be charged a transaction fee, depending on the type of transaction and your account status. Here’s a breakdown of the fees:
- Personal to Personal: Free for verified accounts; $1.50 for unverified accounts.
- Personal to Business: Free for verified accounts; $1.50 for unverified accounts.
- Business to Personal: Free for verified accounts; $1.50 for unverified accounts.
- Business to Business: Free for verified accounts; $1.50 for unverified accounts.
These fees are subject to change, and Cash App may offer promotions or discounts on transaction fees from time to time.
Recipient’s Account Type
The type of account the recipient has can also affect the sending limits. Here’s a quick overview:
- Personal Account: Recipients with personal accounts can receive up to $7,500 per 7-day period for verified accounts and $1,000 per 7-day period for unverified accounts.
- Business Account: Recipients with business accounts can receive up to $50,000 per 7-day period for verified accounts and $1,000 per 7-day period for unverified accounts.
It’s important to note that Cash App may place additional restrictions on recipients with unverified accounts, such as limiting the amount they can receive per transaction or per day.
Conclusion
Understanding the limits and fees associated with sending money on Cash App is crucial for managing your finances and ensuring a smooth transaction experience. By verifying your account, keeping an eye on your transaction history, and staying informed about Cash App’s policies, you can make the