How to Transfer Money from Cash App to Bank Account [5 Steps]

Cash App is a peer-to-peer money transfer service by Square Inc. It lets users send and receive money with just a few clicks on their devices. How does it work? How do you transfer money from Cash App to your bank account?

To transfer money from Cash App to your bank account, you’ll need to link a bank account to your Cash App account first. Once this is done, it’s easy to transfer the money. Follow these steps:

  1. On the Cash App’s home screen, tap the “Balance” tab.
  2. Tap the option “Cash Out”.
  3. Type in the amount to transfer to your bank account.
  4. Choose how you want to deposit it: “Instant” or “Standard”.
  5. Confirm your transaction using your PIN or touch ID.

How to Transfer Money from Cash App to Bank Account

how to transfer money from cash app to bank account

The world has indeed gone digital, and gone are the days when you need to drop off payment to a friend you owe a debt to or to a merchant you ordered from. You can do it all now through your cellphone or device.

Cash App, an App on AppStore and PlayStore, has gained so much popularity lately as it allows users to instantly and digitally send and receive money. You can send money peer-to-peer and transfer money to your linked bank account.

Here’s how you can transfer money from Cash App to your bank account:

  1. On the Cash App’s home screen, tap the “Balance” tab.
  2. Tap the option “Cash Out”.
  3. Type in the amount to transfer to your bank account.
  4. Choose how you want to deposit it: “Instant” or “Standard”.
  5. Confirm your transaction using your PIN or touch ID.

You need to make sure that your Cash App is linked to your bank to make the transfer.

How to Link Cash App to Bank Account

Linking a bank account to Cash App so that you can transfer money from Cash App to your bank and vice versa is very easy. Here’s what you should do:

  1. Open Cash App on your device.
  2. On the home screen, tap the option “Banking”.
  3. Click the option “Add a Bank”.
  4. Next, you’d to key in your bank account details including your bank account number.
  5. Lastly, check and confirm that all the data you put are correct and then click “Add”.

It’s that simple!

Now, what if you want to change the details of your linked bank account? Here’s what you should do:

  1. Open Cash App on your device.
  2. Click the bank account you want to change or edit details.
  3. Pick the option “Remove/Replace Bank”
  4. Next, type in the details of your new bank account.
  5. Lastly, check and confirm that all the data you put are correct and then click “Add”.

How to Link Debit or Credit Card to Cash App

You can also choose to link a debit or credit card to your Cash App. Here’s how you can do it:

  1. Open Cash App on your device.
  2. On your home screen, on the bottom part, choose the tab “My Cash”.
  3. Next, select the option “Cash and Bitcoin”.
  4. Then, click the “Add Bank” tab.
  5. Here, you’ll be asked to type in the details of your debit or credit card.
  6. Check and confirm that the information you typed in is correct.
  7. Click the “Add Card” option and you’re ready to go. Your debit or credit card is now linked to Cash App.

How to Transfer Money from Bank to Cash App

Once you’ve linked your bank account to Cash App, you can transfer money to and from your bank account. Here’s how you can transfer from a bank account to Cash App:

  1. Open Cash App on your device.
  2. On the home screen, select the option “Banking”.
  3. Next, choose the option “Add Cash”.
  4. Type in the exact amount that you want to move from your bank to Cash App
  5. Next, click the option “Add”.
  6. Lastly, check that everything you typed was correct and then confirm all the changes. You’ll be asked for your PIN or Touch ID.

Cash App Cash Card

transfer money from cash app to bank account

Cash App is different from other peer-to-peer money services because they have a debit card available to you. You can also use your debit card anywhere where Visa is accepted both for online or in-store use. To avail of the Cash App Cash Card, you must be 18 or older. 

Here’s how you can avail of one:

  1. Open Cash App on your device.
  2. On your home screen, click the Cash Card tab.
  3. Next, tap the “Get Cash Card” option.
  4. Click “Continue”.
  5. Follow the steps that will ask for your personal information.
  6. Check and make sure that all the information you provided is correct.

Expect your Cash Card to arrive within 10 business days. You can immediately use your Cash Card when you’ve added it to Apple Pay and Google Pay.

How to Transfer Money from Bank Account to Cash App Cash Card

When you’ve received your Cash App Cash Card, you can also transfer money from your bank into the Cash App Cash Card. Here’s how you can do it:

  1. Open Cash App on your device.
  2. Next, on your home screed, select the option “Banking”.
  3. Type in the amount of how much you want to transfer.
  4. Then, click the option “Add”.
  5. Check and confirm that everything you typed was correct. You’ll be asked for your PIN or Touch ID.

The Cash App balance and the Cash app card that you see are the same. The Cash App Cash Card can be used anywhere where Visa is accepted. You can also use it in ATMs to withdraw cash.

There is a small transfer fee of 3% when you transfer through your credit card and 1.5% when you choose “Instant” to transfer from Cash App to your bank. 

Changing Your PIN on Cash App

For security purposes, many digital wallets will advise you to change your PIN regularly. To change your PIN on Cash App, do the following:

  1. Open Cash App on your device.
  2. On the upper-right corner, you’ll see the icon of a person, click that.
  3. Tap the option “Privacy & Security” on the menu.
  4. Next, click the option “Change Cash PIN”. You’ll then need to scan your finger or face so that your identity can be verified.

Again, how to transfer money from Cash App to a bank account? To transfer money from Cash App to a bank account, follow these 5 simple steps:

  1. Tap the Balance tab on the Cash App home screen.
  2. Select Cash Out.
  3. Enter an amount and press Cash Out.
  4. Select a deposit speed.
  5. Confirm with your Touch ID or PIN.

Frequently Asked Questions

transfer from cash app to bank account

Can I Cancel a Payment on Cash App?

When you make a payment on Cash App or transfer to someone, it is instantly sent to the recipient. But, it happens, you may have mistakenly sent to the wrong person or sent the wrong amount of money. In some cases, you may cancel the payment before it is issued to the recipient.

To do so, go to the “Activity” tab and choose the payment that you want to cancel. Check the payment details of the transaction. On the top-right corner of your screen, you’ll find three dots. Click this to see all of your recent transactions.

If there is an option to “Cancel Payment” for that certain transaction, click it and then click “OK” after. If there is no option to cancel the payment for that transaction, you’ll need to request a refund.

How To Increase Your Limits on Cash App

Cash App has a capped amount of $250 per week for spending and receiving money for basic accounts. If you need to have a higher limit, you’ll need to have your account verified. The app lets you do this automatically.

When you exceed the $250 allotment, it will prompt you to get your account verified. You’ll need to give your personal information like your full name, the last four digits of your social security number, your birthday, etc.

When you get verified, you will be able to send and receive larger amounts. Verified users have a limit of sending $7,500 and an unlimited amount for receiving.

Is Cash App a Safe App?

Cash App uses top-of-the-line encryption technology to ensure that your money and the information you provide are secure. Cash App is PCI Data Security Standard Level 1 Compliant. PCI-DSS is the same protocol that major credit card companies follow.

Payments are encrypted on both ends, and whether you’re using private or public Wi-Fi, everything you submit gets encrypted and then sent to their servers.

Cash App is a registered broker-dealer, and so it lets you invest in stocks and Bitcoin.

Note, though, that the money in your Cash App is not FDIC-insured. Keep that in mind when you open a Cash App account.

How to Ensure Your Cash App Account Remain Safe

To ensure that your Cash App account remains safe, here are a few things that you can do:

  1. Cash App email will only come from the following e-mail addresses: square.com, cash.app, and, squareup.com. Do not reply to any e-mail asking for your PIN or details if they are not from any of the given addresses.
  2. Links on e-mails are only for the websites square.com, squareup.com, cash.app, or cash.me.
  3. Cash App will never ask for your log in code, password or PIN. Neither will it ask your TIN, Social Security Number. It will not require you to send a payment or make a purchase. If you get any mail or phone call asking you to do so, it’s a scam.
  4. Cash App has a feature that you can enable that asks for your password every time you make a payment.
  5. Enable the “notify via text message or email” feature so that you get a notification every time you make a payment thru Cash App. You may find the setting for this in the profile section.
  6. Enable two-factor authentication on your e-mail if you have an e-mail address that’s associated with Cash App.

Conclusion: How To Transfer Money From Cash App to Bank Account

Cash App is a peer-to-peer money service that lets you easily transfer and receive money with fewer clicks on your device. It is secure and hassle-free and lets you link the app to your bank account, credit card, or bank account.

Transferring money from Cash App to your bank account is simple. To do this, you must first have a linked bank account to Cash App. After that’s done, the steps to follow for transferring money to your bank account are the following:

  1. Open Cash App on your device.
  2. On the home screen, tap the option “Balance”. This shows you how much money you have on Cash App.
  3. Click the option “Cash Out”.
  4. Type in the amount that you want to transfer to your bank account.
  5. Then, choose how you want to deposit it. The choices are either “Instant” or “Standard”. If you choose “Instant”, you’ll be charged 3% of the amount you are transferring but the transfer will be done immediately.
  6. You’ll then need to confirm the transaction by keying in your PIN or with your touch ID.