How To Transfer Money From Cash App To Bank Account in 7 Steps, With Photos

Cash App allows you to transfer money to other users quickly. You just need to download the app on your smartphone, sign up, and load up your Cash App account. If you want to transfer money from Cash App to your bank account, you must add your debit card details. This way, you won’t have to keep providing payment or card details. 

Moving money from your Cash App account to the bank is easy, but you might need help if you do it for the first time. Moreover, if you’ve just linked a bank account to the Cash App, you must wait until it’s verified before transferring money. The app also allows users to cash out their funds right from the app.

So, once you’ve linked both your accounts to each other, follow the below steps to transfer money from one to another:

Step 1: Launch Cash App

Start by installing Cash App on your smartphone. Search for the app in the Google Play Store. On your iPhone or iPad, head to the App Store and find the app. It has a green icon and a white dollar sign in the middle. Launch it.

Step 2: Sign Up on Cash App

If you don’t have an account, you’ll have to sign up as a new user before you can transfer money from Cash App to a bank account. You’ll be asked for your phone number or email address. Provide them correctly. Cash App will send you a text or email with a unique code. Enter this code into the app, and the following screen will ask you to add your bank account or debit card. 

Cash App’s Terms of Service policy says you can only connect one bank account to your Cash App. So, you can’t transfer money to two banks simultaneously or from one bank to another. But you can follow a few tricks to make it possible. For now, just add your primary bank account to which you want to transfer the money. 

On the next screen, Cash App will ask for your $Cashtag (the unique username that users use to find others and make payments to). Lastly, enter your ZIP code, wait for some time, and your account will be created. 

Step 3: Top-Up Your Cash App Account

You can only transfer money from Cash App if you have sufficient balance in your account. Thus, the next step is to top-up your account through a linked bank or request it from a friend. Tap the “Bank” icon from the homepage to add money to your account.

As a new user, you can send around $314 or £250 and receive $630 or £500 weekly based on a rolling calendar. If you receive or send any surplus amount, Cash App’s security system will activate to authenticate your name, date of birth, and address. Your received funds will appear in your account instantly after the transaction is successful.

Step 4: Tap Add Cash

On the next screen, choose the “Add Cash” option, enter the amount you want to top-up to your account, and tap “Add.” Cash App will then request your PIN or Touch ID to confirm the transaction. Money will be credited to your account instantly. However, sometimes, you may face a delay of one or two days from the bank.

When adding money to your Cash App account, remember that it’s FDIC-insured if you have connected a Cash Card. But if you don’t have one, you shouldn’t leave a lot of funds in your account.

Step 5: Select Cash Out in the Banking Tab

Once your bank account is verified and your Cash App account has enough funds, you can transfer money from Cash App to the bank account. Return to the app’s homepage and tap the “Banking” tab again from the bottom menu. It is the one with your Cash App Balance.

Now, look for the “Cash Out” option in the Balance tab, present just below your account funds. Tap on it.

Step 6: Enter the Amount

The “Cash Out” button will open a pop-up screen, asking you to enter the amount you want to transfer from Cash App to your bank account. Type it and tap “Cash Out” again to proceed. 

Step 7: Choose the Deposit Method

Select the deposit method or speed for the cash out on the next screen. Lastly, the app will ask you to verify the procedure through Touch ID or PIN to transfer money from Cash App to your bank account. 

Wait up to 3 days for the payment to clear from Cash App and the bank’s side. Voila, you’ve successfully transferred funds from your Cash App Balance to your bank account. 

Here is a step-by-step video for further reference:

How To Link a Debit Card To Your Cash App Account

If you didn’t link your debit card when creating your Cash App account, you complete that process later on! Adding a debit card to Cash App is easy, and all you need is your card details.

Here is how you can add a debit or credit card to your Cash App account:

1. Start by opening Cash App on your smartphone.
2. On the homepage, select the “Profile” icon from the top-right corner of the screen.
3. Then, tap on the “Linked Banks” option.
4. Select “Link Debit Card.”
5. Now, Cash App will display multiple on-screen instructions on the screen. Make sure to follow them properly and provide the correct information for verification. 
6. Lastly, wait for some time, and Cash App will soon inform you that your card is connected to your account.

Cash App doesn’t support all types of cards. So, you can only connect those that work with the app. These include Mastercard, Visa, American Express, and Discover. Also, Cash App charges $3 for every transaction you make from your credit card, so keep that in mind. 

How To Add a Bank Account To Your Cash App Account

If you don’t have a debit card to link to your Cash App account, you can use your bank account as the primary funding or payment method. Remember, you can’t transfer money from Cash App without connecting your account to a reliable bank account. So, follow the below steps to add a bank account to your Cash App account:

1. Open the Cash App on your device and tap the “Profile” icon on the upper-right side of the screen.
2. Then, select “Linked Banks” on the following screen.
3. Choose “Link Debit Card.”
4. Tap “Link Bank.”
5. Cash App will then ask you to choose your bank from a list. You can easily access your bank by searching it in the search bar. Tap on your bank’s name once you see it. 
6. Follow the on-screen instructions until Cash App notifies you that your bank account has been successfully added.

Here is a step-by-step video for further, visual reference:

How To Transfer Money From Cash App To Another Bank Account

Now that you know how to transfer money from your Cash App to your bank account, you may wonder if you can do that with a different account. Well, the good news is that you can move your funds from Cash App to another bank account. But you’ll have to replace your currently-linked bank account with the one you want to use for money transfers.

Here is how you can transfer money from Cash App to a different bank account:

1. Open the Cash App on your smartphone and log in to your account. 
2. Then, look for the “Profile” icon on the homepage. It’s located on the top-right side of the screen. Tap on it to proceed. 
3. Now, choose “Linked Banks” on the next screen, present underneath the “Personal” option. It will open a pop-up screen.
4. Select the bank account you’ve added to your account to replace it.
5. Finally, choose “Replace Bank” and follow the on-screen prompts to complete the process.

Cash App will ask for your ID for identification and then list the new account as your primary bank account. Bank account verification may take one or two days. In some instances, Cash App may request the user to deposit or withdraw a small amount of money from their bank account.

Once your bank account is verified, you can transfer money from Cash App to this account. Of course, you will also receive money in this bank account instead of the previous one. 

Is Cash Out Always Instant?

The Cash Out feature on Cash App instantly deposits the money in your bank account. However, sometimes, it can be problematic. That’s primarily because your debit card may not accept instant deposits or doesn’t support Cash App’s transaction networks for transferring funds. 

In such situations, Cash App won’t refund the payment to your account, but they will reimburse the Instant Deposit Fees. You just have to wait up to 3 full business days for the transaction to arrive in your bank. If you don’t receive your money within 3 days, contact Cash App Support for further assistance. 

Summary

Transferring money from Cash App to your bank accounts is easy. You only need to download the app on your phone, create an account, and link it to a credible bank account. Then, top up your Cash App Balance with the money you want to transfer to your bank account. You can easily do it by requesting funds from your friend. 

Now, open the “Balance” tab and tap “Cash Out” to proceed. After that, enter the amount and choose the deposit method to receive money in your bank account. Cash App instantly deposits funds to your bank account, but sometimes, it may take up to 3 business days. Your Instant Deposit Fees will be refunded to you in such a case.

The image featured at the top of this post is ©Tada Images/Shutterstock.com.