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As more people shift towards digital financial platforms, Cash App has gained significant popularity for its simple and convenient approach to managing money. Whether you're sending money, buying Bitcoin, or withdrawing cash, Cash App provides multiple functionalities that cater to both personal and business needs. One of the key features users rely on is the Cash App card, which allows them to withdraw cash from ATMs just like any traditional debit card.
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However, just like any financial service, there are limitations to how much you can withdraw from an ATM. Understanding the Cash App withdrawal limit is crucial for anyone using the app regularly, mainly if you rely on ATM withdrawals for daily financial needs. In this blog, we'll provide a comprehensive guide to Cash App ATM withdrawal limits, explain how they work, and share tips on how you can increase these limits to suit your financial needs.
What Is the Cash App ATM Withdrawal Limit?
The Cash App ATM withdrawal limit refers to the maximum amount of money you can withdraw from an ATM using your Cash App card. Like many banking services, Cash App sets specific daily and weekly limits to protect against fraud and ensure the safety of your account. Understanding these limits helps you better plan your financial transactions, especially when you need quick access to cash.
Cash App Withdrawal Limit Per Day: For users wondering about the Cash App withdrawal limit per day, the standard daily cap is set at $310. This limit means you can withdraw up to $310 in 24 hours, regardless of how many transactions you perform at different ATMs. If you hit this limit, you'll need to wait 24 hours before withdrawing more cash.
Cash App ATM Withdrawal Limit Per Week: In addition to the daily limit, there is also a weekly cap on how much you can withdraw. The Cash App weekly withdrawal limit is currently $1,000. This limit is calculated on a rolling 7-day basis. For instance, if you withdraw $300 on a Tuesday, that amount will reset the following Tuesday, allowing you to withdraw more cash.
Cash App Card ATM Withdrawal Limits: How They Work?
The Cash App card ATM withdrawal limit is tied to the physical card that is linked to your Cash App balance. You can use this card at any ATM that accepts Visa, which makes it convenient to access your funds in cash. However, because Cash App is not a traditional bank, its ATM limits are often lower than those offered by central banks.
The limits mentioned above (i.e., $310 per day and $1,000 per week) apply to withdrawals made at ATMs using your Cash App card. Additionally, keep in mind that there are fees associated with each withdrawal, including:
How to Increase ATM Limits on Cash App?
If you find that the current Cash App ATM withdrawal limits are too restrictive for your financial needs, you may wonder if there's a way to increase them. The good news is that the Cash App allows you to request higher withdrawal limits, but this process requires you to verify your identity.
Steps to Increase Cash App Withdrawal Limit
Open Cash App: Log into your Cash App account on your mobile device.
Access Your Profile: Tap on your profile icon located at the top right corner of the screen.
Verify Your Identity: To increase your ATM limits, the Cash App will prompt you to verify your identity. You'll need to provide personal details such as:
Your full legal name.
Date of birth.
The last four digits of your Social Security Number (SSN).
In some cases, Cash App may also request a photo ID for further verification.
Wait for Approval: Once your identity is verified, Cash App may increase your ATM withdrawal limits. The new limits will depend on your account activity and other factors that Cash App uses to assess risk.
Other Cash App Limits to Be Aware Of
While this guide focuses on ATM withdrawal limits, Cash App imposes other transaction limits that are worth noting, especially if you're a frequent user of the app. Here are some of the critical limits:
Cash App Sending Limit: When you first sign up for Cash App, you're limited to sending up to $250 per week without verifying your account. After verification, this limit increases significantly to $7,500 per week, giving you more flexibility to send money when needed.
Cash App Receiving Limit: Unverified users can receive up to $1,000 in 30 days. Once your account is verified, there are no receiving limits, which is particularly useful for users who manage larger transactions or use Cash App for business.
Cash App Transfer Limit: The Cash App transfer limit for sending money from your Cash App balance to an external bank account is capped at $2,500 per week for verified users. This limit is more than sufficient for most personal transactions, but if you need to transfer more significant amounts, you'll need to plan your transfers over multiple weeks.
What are the Cash App ATM Withdrawal Fees?
As mentioned earlier, each time you withdraw money from an ATM using your Cash App card, a fee of $2.50 is charged by Cash App. Additionally, ATMs may impose their usage fees, depending on the bank or operator. These fees can add up quickly, especially if you're withdrawing smaller amounts frequently.
How to Avoid ATM Fees on Cash App?
If you're looking for ways to minimise the cost of ATM withdrawals, Cash App offers a workaround:
Direct Deposit Setup: If you set up direct deposits of $300 or more into your Cash App account, the platform will reimburse you for up to three ATM withdrawals every 31 days. This is a great way to avoid the $2.50 Cash App fee, although you may still be subject to third-party ATM fees.
FAQs: Cash App Withdrawal Limit
1. What Is the Cash App ATM Withdrawal Limit Per Day?
The Cash App ATM withdrawal limit per day is $310. You can withdraw this amount across multiple ATM transactions, but you will only be able to reach this limit within 24 hours.
How Much Can I Withdraw from a Cash App ATM Per Week?
The Cash App weekly withdrawal limit is $1,000. This limit operates on a rolling basis, meaning it resets seven days after each withdrawal.
How Can I Increase My Cash App ATM Withdrawal Limit?
You can increase Cash App withdrawal limit by verifying your identity. This involves providing personal information such as your full legal name, date of birth, and Social Security Number. After verification, you may be eligible for higher withdrawal limits.
What Are the Cash App ATM Fees?
Cash App charges a $2.50 fee for each ATM withdrawal. Additionally, ATM operators may charge extra fees. If you set up direct deposits of $300 or more into your Cash App account, you can get reimbursed for up to three ATM fees every 31 days.
Why Is My Cash App ATM Withdrawal Limit So Low?
Cash App sets relatively low default limits for ATM withdrawals to minimise fraud and protect your account. If the current limit is too low for your needs, verifying your identity is the best way to request an increase.
Conclusion
Understanding the Cash App withdrawal limit is essential for effectively managing your funds, especially if you rely on the platform for frequent ATM withdrawals. The standard limits—$310 per day and $1,000 per week—are sufficient for most casual users, but they may feel restrictive for those who need regular access to cash. Fortunately, by verifying your account, you can increase your withdrawal limits and unlock additional features, such as higher sending and receiving caps.
Additionally, being aware of ATM fees and setting up direct deposits can help you avoid unnecessary charges and make the most of your Cash App experience. Whether you're a new user or a seasoned Cash App cardholder, knowing your limits and how to increase them can help you navigate your financial transactions with ease.
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