Cash App is a peer-to-peer transfer service that makes sending and receiving money a piece of cake. Show If you, like many of us, have the Cash App bug and are wondering how to send money on Cash App, then stick around to learn more about the ins and outs. You’ll also learn about Wise, and how it could be a great alternative. How to send money on Cash AppOn Cash App, there are some specific sending situations, such as:
Let’s take a look at these situations in more detail. Send money within the USSending a payment on Cash App is a quick and simple process. All you need to do is:
And voila - you made your first Cash App payment! Just be aware that there are Cash App sending limits, which you can increase by verifying your account.
Cash out: Send money to your own bank accountTransferring money from Cash App to your bank account is simple. It has a specific name for transferring money from your Cash App balance to your bank account - “Cash out”. To Cash Out money, all you need to do is:
When cashing out your money, you can choose the speed of the deposit. You can either do an instant transfer or a standard transfer.⁴ Standard transfers are free and take between 1-3 business days, while instant transfers charge a fee. Send money internationally with Cash AppHave a friend in the UK? You’re in luck. With Cash App you can send money from the US to the UK with just a few taps of the thumb. Cash App will convert your USD to GBP for you, using the mid-market exchange rate.⁵ However if you want to send money to a country other than the UK, give Wise a try. Don't worry, you'll still get the mid-market exchange rate. Send internationally with Wise 🌎 How to receive money on Cash AppIf you can send money on Cash App, then it pretty much goes without saying that you can also receive money on it. But another cool thing you can do is request money on Cash App. To request money, all you need to do is enter the amount you want and select who you’re requesting from. Once your friend accepts your request, they’ll have to follow some easy steps to complete the transaction.² All payments you receive through Cash App will be stored on your Cash App balance.² Need to send money internationally? Try WiseAs previously mentioned, you can only send to the UK using Cash App. If you’re looking to send to other countries then you may be interested in signing up with Wise. With Wise, you can:
Open a Wise account in minutes ⌚ Sources:
All sources checked 10 June 2021 This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. |