Understanding Cash App
Cash App is a popular mobile payment service that allows users to send and receive money, pay bills, and even invest. If you’re new to Cash App or simply looking to understand how to get your money out, this guide will walk you through the process step by step.
How to Access Your Cash App Account
Before you can get your money from Cash App, you need to have an account. Here’s how to access it:
- Download the Cash App from the App Store or Google Play Store.
- Open the app and sign up for an account by entering your phone number and email address.
- Verify your identity by taking a photo of your government-issued ID.
- Link a bank account or a credit/debit card to your Cash App account.
Transferring Money to Your Bank Account
One of the most common ways to get your money from Cash App is to transfer it to your bank account. Here’s how to do it:
- Open the Cash App and tap on the “Bank” tab at the bottom of the screen.
- Tap on “Transfer to Bank” and enter the amount you want to transfer.
- Choose your bank from the list and enter the routing and account numbers.
- Review the details and tap “Transfer Now” to initiate the transfer.
Keep in mind that transfers to your bank account can take up to 3 business days to complete.
Using a Debit Card
Another way to get your money from Cash App is by using a linked debit card. Here’s how to do it:
- Open the Cash App and tap on the “Cash” tab at the bottom of the screen.
- Tap on “Cash Out” and enter the amount you want to withdraw.
- Choose your linked debit card and enter the PIN.
- Review the details and tap “Cash Out Now” to complete the transaction.
It’s important to note that there is a $1.50 fee for each cash out transaction.
Using a Green Dot Card
Cash App also offers a Green Dot card, which can be used to withdraw cash from ATMs or make purchases online. Here’s how to get started:
- Open the Cash App and tap on the “Cash” tab.
- Tap on “Get a Green Dot Card” and follow the prompts to order your card.
- Once you receive your card, activate it by following the instructions provided.
- Link your Cash App account to the Green Dot card.
- Use the card to withdraw cash from ATMs or make purchases online.
There is a $5 monthly fee for the Green Dot card, but you can avoid this fee by making at least $250 in purchases or ATM withdrawals each month.
Using a PayPal Account
For those who prefer PayPal, Cash App allows you to transfer your money to your PayPal account. Here’s how to do it:
- Open the Cash App and tap on the “Bank” tab.
- Tap on “Transfer to Bank” and enter the amount you want to transfer.
- Choose “PayPal” from the list of banks.
- Enter your PayPal email address and routing and account numbers.
- Review the details and tap “Transfer Now” to initiate the transfer.
Transfers to PayPal can take up to 3 business days to complete.
Understanding Fees
It’s important to be aware of the fees associated with getting your money from Cash App. Here’s a breakdown of the most common fees:
Transaction Type | Fee |
---|---|
Transfers to Bank | Free |
Cash Out to Debit Card | $1.50 |
Green Dot
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