Dayen      July 14, 2020
The Cash app is one of the fastest-growing money transferring applications with more than 22 million customers. This application is currently available only for the users of the united nation. Most of the Cash app users don’t know How to Cash out on Cash App? So here are the basics of the famous Cash-out feature of a Cash app. Users can follow the below steps to do Cash out on Cash app.
- Download the Cash app from the apple store or google play store and launch it on your device.
- Tap on the Balance tab available on the home screen of Cash App.
- Click on the “Cash Out” button.
- Enter the amount that you want to transfer to your bank account.
- Again, click on the “Cash Out” button available below on the same screen.
- Select for a deposit speed
- Enter your PIN or Touch ID and confirm the payments.
The Cash app allows you to choose between standard and instant deposit speed. If you select instant deposit then you have to pay an extra 1.5% charge of the total transferred amount. Like if you choose to want to transfer $200 then the Cash app will take an extra $3. Although, You can also choose a standard speed if you are not in a mood to pay extra charges.
Regardless of the charges, the settlement time of both is also different. An instant deposit will settle the amount instantly or maximum within 30 minutes. Whereas if you choose Standard deposit then the Cash app will take 1-3 business days for the same.
Important things that you need to know while making a Cash out on Cash app:
Everyone who uses the Cash app has surely used the Cash out on Cash app feature once in their entire life. But not everyone is aware of the veiled benefits of these features. The Cash app has recently launched the Cash out feature to make it more viable to transit money within different applications. You can shift your money to another third party application and do transactions from them also.
With Cash out, you can transfer your money to the bank account at zero charges. For this, you have to enable auto Cash out on Cash app. Once you enable this option in the setting then you have to trouble yourself for transferring money on your own. The Cash app server will automatically redirect the received funds to your bank account.