what is cash app withdrawal limit

What Is Cash App Withdrawal Limit? (Updated)

What is the Cash App withdrawal limit, you ask? Before we get to it, here’s a brief summary of Cash App.

Cash App is arguably one of the best mobile payment services which allow users to transfer money from your app to the other person using the same app. As of now, the app has nearly 10 million active users. Users can easily create a free account on the app and then can send and receive money from other users of this app within the same country.

cash app

In addition to that, Cash App users can also request a free Visa debit card through which they can use their funds in a Cash App account to withdraw cash or even make purchases from the retailers. For that, you have to add a working bank account to your Cash App account.


How Does Cash App Work?

how does cash app work

You can easily add funds to your Cash App account with the help of a debit card from the already linked bank. Besides that, if you have received funds from someone on Cash App, you can transfer that to your bank account. This process generally takes 2-3 business days.

The app has 2 primary functions, i.e. getting paid and paying people. To accomplish both, all you need to do is tap the “$” icon at the bottom of the app. After that, you have to enter the amount that you wish to receive or pay. After that, you have to enter the other person’s $cashtag (or phone or email) and request or send the money.

One thing that sets this app apart from other online payment options is that Cash App provides its users a free Visa-verified debit card or is also called a Cash Card. One can request the card through the app. The debit card though has a withdrawal limit.


 What Is The Cash App Withdrawal Limit?

cash app withdrawal limit

You can use your Cash app debit card to withdraw cash at the ATMs from many locations around the United Kingdom and the United States. However, there’s a cap limit and the maximum amount that a user can withdraw is 250$ per transaction or a daily withdrawal of $250.

You should also note that ATM operators and owners may impose additional surcharges on transactions.

  • Maximum of $250 per transaction
  • Maximum of $250 per day
  • Maximum of $1,000 per week
  • Maximum of $1,250 per month

Also, some operators charge a fee for even a balance inquiry. Hence, one should thoroughly read the ATM screen message related to surcharges before completing a transaction at an ATM. Also, there are transaction limits as well.

The maximum amount that you can spend using your card is capped at $7,000 per transaction which is also your daily limit. The weekly limit is capped at $10,000 and the monthly limit is $25,000. The limit though can be increased depending on your usage and the app’s policy.


How Is Cash App Different from Other Payment Apps? (PayPal, Venmo, etc.)

cash app vs venmo vs paypal

The biggest competitor of Cash App is PayPal. PayPal is considered to be one of the top payment options as it’s in the business for at least two decades now. The major difference between the two is that through Cash App you can send money to only Cash App users and that too in the same country.

However, with PayPal, you can send money to any mobile number or email located in any country. If PayPal scores big here, it has few drawbacks as well which are covered by Cash App. Cash App provides you an ATM card to withdraw cash from ATMs at any point in time.

However, PayPal or for that matter not many apps have such a feature which makes Cash App the most sought-after one among its peers. Also, the fee for withdrawal in the Cash App is 1.5% of the total amount while PayPal levies a fee of 30¢ plus the hefty fee of 2.9% of the total amount to be withdrawn.

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