Cash app offers users to send and receive money from the P2P payment gateway platform; moreover, it also offers the facility to withdraw the wallet’s money using the Cash out feature on Cash app.
In this blog, we have provided information on steps to perform Cash out on Cash app; additionally, we have mentioned the two methods of Cash out on Cash app, and the fees involved.
What is Cash out on Cash app?
Most Cash app users are aware of adding money using a debit or credit card (this is the only method to add money on Cash app); however, sometimes, users need to withdraw the amount from the Cash app. The process to withdraw money from the Cash app wallet to another source is called Cash out on Cash app.
Note: Users are searching the internet for “Cash out app download” and “Cash out app”.Please note to perform Cash out there is no other app available. Users can easily perform Cash out on Cash app by only following the official app.
If you are a new user and avidly interested to know “ How to add money on Cash app”, please read the blog on Add money to Cash app.
Cash-out can be performed using two methods, the user can perform the Standard Cash out feature to withdraw money, or the user can also opt for instant cash out option; however, Cash app charges on instant Cash out method. In the next section, we have mentioned the steps of Cash out on Cash app.
How do you Cash out on Cash App?
Process to Cash out on Cash app using mobile
- Open Cash app on your mobile phone and login your account.
- Click on the “Banking” option.
- Right here, you will get the “Cash out” option.
- Now, enter the amount that you want to transfer to your bank account, and tap the “Cash out” option.
- Now, choose the mode between the “Instant” or “Standard” deposit option.
- Authenticate your app for the transaction by entering your PIN or touch ID.
Note: Instant Cash out feature is chargeable as it helps the user to withdraw amount instantly and Standard Cash out feature takes 2-3 days and is free of cost.
What is the fees of Cash out on Cash app?
Cash app only charges for using Instant Cash out feature, if the user uses Instant mode to perform cash out from cash app wallet. The user will have to pay 1.5% as a fee of the total amount that the user is trying to withdraw. Cash app instant mode is a rapid feature designed for instant Cash out on Cash app.
If you are a new Cash app user, and interested in learning more on Cash app fees, we have provided a detailed blog on Cash app clearance fee; click here to read.
There is also a way to Cash out at ATM. Yes, we would also like to inform you that Cash app users can also Cash out using Cash card by paying nominal fees; however, if you have not order Cash app card yet then click here as the blog will help you in ordering your Cash card.
Wrapping up:- This blog concluded information about Cash out on Cash app. We have also recommended a few blogs in the above sections that will help you understand the Cash app. Moreover, we have also provided a short video presentation for your better understanding, how to cash out on Cash app?.
The user can Cash out without using Cash card by following the steps given:-
1. Click on the balance option of Cash app.
2. Tap on Cash out.
3. Enter the required amount.
4. Click again on the cash out button.
5. Enter PIN to authenticate the transaction.
There are two methods of Cash out from Cash app; using the Cash out feature or user can opt for ATM withdrawal.
Cash app charges on instant Cash-out because it is a premium and rapid mode of withdrawing funds from Cash app wallet.
Yes, Cash app charges a $2 fee for performing Cash out using a Cash card at any ATM.