How does cashing out on Cash App work?

13 Jun 2024

Users can simply transfer their Cash App balance to a bank account or connected debit card via the app or online. First, you have to tap the "Money" tab on the home screen to cash out using the app. Then, you hit "Cash Out," enter the desired amount, choose a deposit speed (standard or rapid), and confirm with your PIN or Touch ID.

If you prefer to cash out online, you have to go to cash.app/account, log in, navigate to the Money section, and choose the "Cash Out" option. Enter the transfer amount, complete the required information, and select the deposit speed.

Standard deposits take 1-3 business days and are free, however fast deposits to a linked debit card cost 0.5% to 1.75%, with a minimum of $0.25. This flexibility enables consumers to handle their cash more easily based on their needs.