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How To Cash Out On Cash App (An Ultimate Guide)

Looking to withdraw money from your Cash App balance? Here's a straightforward guide to cashing out on Cash App.
how to cash out on cash app

Cash App lets you invest in stocks, send and receive money with friends, and even get a free debit card. But what if you need urgent cash from your Cash App balance? Don't worry. Cash App has a streamlined process to let you cash out from the platform whenever the need arises.

This guide will walk you through everything you need to know, from navigating the app to getting the money in your bank account.

Table of Contents

But Before You Cash Out

Before initiating a cash out process on Cash App, take note of the following:

  • Market Conditions (for Stock Sales): If you're cashing out from selling stocks, consider current market prices and whether they align with your investment goals. Selling at a loss might not be ideal.
  • Amount to Withdraw: Decide how much money you want to transfer from your Cash App balance to your bank account.

Cashing Out Methods

Cash App offers two main ways to withdraw your funds:

  1. Instant Deposit to Debit Card (Fees Apply): This option allows you to transfer funds directly to your linked debit card for immediate access. However, Cash App charges a fee ranging from 1.5% to 2.75% (with a minimum of $0.25) for this service.
  2. Standard Deposit to Bank Account (Free): For a slower but free method, you can choose to transfer the money to your linked bank account. Standard deposits typically take 1-3 business days to reflect in your account balance.

How To Cash Out On Cash App

You can cash out on Cash either through the mobile app or online.

To cash out through the mobile app:

  1. Open the Cash App and tap on the Banking tab in the bottom left corner.
  2. Tap Cash Out.
  3. Enter the amount you want to withdraw.
  4. Choose your preferred deposit method (Instant to Debit Card or Standard to Bank Account).
  5. Confirm the transaction with your PIN or Touch ID (if applicable).

Using the Cash App Website:

  1. Log in to your Cash App account at https://cash.app/.
  2. Click on Money on the left-hand side menu.
  3. Click Cash Out under your Cash Balance.
  4. Enter or select the amount you want to withdraw and click Continue.
  5. Choose your bank account and deposit speed, then click Cash Out.

Important Reminders

  • Minimum Cash Out: Cash App requires a minimum withdrawal amount of $1.
  • Linked Accounts: Ensure you have a linked debit card or bank account to facilitate the cashout process.
  • Transfer Time: For standard deposits to your bank account, allow 1-3 business days for the funds to appear.

Cash App's Cash Out Limitations

Cash App may impose limits on daily or weekly cashouts. These limits can vary depending on your account and usage history.

Alternatives to Cashing Out On Cash App

If you can't cash out on Cash App for any reason, you can consider any of the methods below to get your funds:

  • Make a Payment: Cash App allows you to directly pay friends, family, and businesses using your Cash App balance.
  • Invest Your Money: If your goal is long-term growth, consider leaving your funds in Cash App to invest in stocks or other investment options.

Where Can I Withdraw Money From Cash App For Free?

You can withdraw money from Cash App for free at in-network ATMs that will let you make unlimited withdrawals using your Cash App card. These ATMs are typically owned by major commercial banks throughout the country.

Final Thoughts

Cashing out on Cash App is a convenient way to access your funds. By following these steps and considering the transfer speeds and fees, you can efficiently move your money from Cash App to your bank account. Remember, for larger amounts, the standard free transfer might be preferable, while for urgent needs, the instant transfer with a fee might be the better option. Ultimately, the choice depends on your individual needs and preferences.

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About the Author

Tebid Kelly is a Graphic Designer, Web Developer, Ethical Hacker, Programmer, and Content Creator who showcases his skills and experience on his blogs. He also has much love for finance apps such as Cash App, Venmo, PayPal, Zelle, etc on which he ha…

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