Cash App is a popular mobile payment service that allows users to easily send, receive, and request money from others. With over 70 million active users, Cash App has become one of the most widely-used peer-to-peer payment apps. This article provides a comprehensive guide on using Cash App to transfer money.
Table of Contents
Getting Started with Cash App
To get started with Cash App, you first need to download the mobile app on your iOS or Android device. After installing the app, follow these steps:
- Sign up for an account by entering your email address or phone number
- Confirm your phone number or email via a code sent by Cash App
- Enter your name, date of birth, and mailing address to create your account
Once your account is set up, you can start using Cash App to send, receive, and request payments.
Linking a Bank Account
To transfer money from your bank account via Cash App, you need to link the account. Here’s how:
- In Cash App, tap the profile icon in the top-right
- Select “Linked Accounts”
- Tap “Link New Account” and select your bank
- Enter your account details and log into your bank account
- Confirm the amounts of two micro-deposits made into your bank account
Once your bank account is successfully linked, you can use it to add money to your Cash App balance or cash out money to your bank account.
Sending & Receiving Money
Sending Money
Sending money via Cash App is simple. Just follow these steps:
- Tap the dollar sign icon on the bottom menu
- Enter the amount you wish to send
- Tap “Pay” and enter the Cashtag, phone number, or email address of the recipient
- Tap “Pay” again to confirm and send the money
The payment will instantly show up in the recipient’s Cash App account balance. They can then cash it out to their bank account.
Receiving Money
To receive money from others via Cash App, they simply need your Cashtag or phone number to send you money. Here are additional ways to receive payments:
- Share your profile link – Tap the profile icon, then tap your $Cashtag to find your shareable profile link. Send this to others.
- Request money – Tap the dollar sign icon, enter an amount, tap “Request”, and share your request link with the person you want to request money from.
- Create a QR code – In the Cash App menu, tap your profile icon, then “QR Code” to generate a scannable QR code to receive payments from others.
Any money received will be added to your Cash App balance. You can then cash out to your bank or spend it using your Cash Card.
Cash App Security
Cash App utilizes multiple security features to keep your money safe, including:
- Encryption – Payment information is encrypted and securely sent to Cash App’s servers. This keeps your data safe on public WiFi or mobile data.
- Security Lock – Enable this to require a PIN or biometric login every time you send money or cash out. This prevents unauthorized access.
- Notifications – Get notified whenever your PIN, security settings, or linked bank account is changed. This allows you to identify suspicious activity.
Additionally, only share your Cashtag with people you personally know and trust. Never share any sensitive account information with strangers.
Cash App Limits
Cash App has sending, receiving, and balance limits in place for security and risk-prevention purposes. These limits can be increased by verifying your identity.
- Unverified – Can send/receive up to $1,000 per rolling 30 days. $1,500 total account limit. $1,000 balance limit.
- Verified – Can send/receive up to $7,500 per week. Unlimited balance.
Check your limits any time under your profile. Reach out to Cash App support if you need higher limits for business or other purposes.
Conclusion
Cash App makes it incredibly easy to securely send money to friends and family. With its simple interface and focus on usability, Cash App has become a popular way for millions of users to transfer money.
By linking your bank account, enabling security features, being aware of limits, and only transacting with trusted individuals, you can safely leverage Cash App’s convenience to send payments or receive money from others. Give it a try today!