Cash App is a peer-to-peer money transfer app that allows users to send or receive money. It has added another helpful feature “Cash App Cash Out” for its users. If you have a Cash App account, you can both transfer or receive money with just by few clicks on your mobile phone. When someone sends you money on Cash App, it remains in the applications. But if you have a cash app card, you can use and spend your balance at any location that accepts a visa.
However, if you don’t have a Cash Card, you can still transfer your balance back to your bank account. To simplify, you can then cash out on Cash App. If you do not know about the cash-out method, don’t worry; here in this blog, we will give a step-by-step guide for this.
What is Cash Out on Cash App?
Possibly, you might have asked yourself randomly – What is cash out on cash app? If yes, here is the answer to your question. Cash-out means withdrawing money on the Cash App. If you press the “Cash Out” button, you can send your Cash App money to your linked bank account.
How to Cash Out on Cash App?
If you don’t know how to cash out on Cash App then follow the below steps
Launch Cash app application on your mobile device.
Click on the Balance tab available on the Cash App home screen
Tap on “Cash Out”.
Manually enter an amount that you want to transfer and press again on the “Cash Out” option.
Select deposit speed as per your requirement.
Confirm with your PIN or Touch ID.
In addition, whenever you receive money on the Cash App, you can also change your Cash App settings to receive money directly in your bank account. To enable automatic cash you need to follow these steps:-
Open the Cash app on your mobile.
Now tap on “Profile”.
Now scroll down and click on “Auto Cash Out”.
Then select the transfer speed, whether instant transfer or standard which is up to 3 days.
Cash Out Speed Options
The Cash App provides instant deposits for your linked debit card and standard deposits to your bank account.
Standard deposits are free of charge and arrive within 1-3 business days.
Instant deposits are subject to a 1.5% fee (with a minimum fee of $ 0.25), but arrive on your debit card immediately.
Increase Cash Out Speed
Having a debit card linked to your Cash account may let you convert pending Standard Deposits to Instant Deposits:
Tap the Activity tab on your home screen
Choose the deposit to expedite
Select Deposit Instantly