How Do I Add A Bank Account To Cash App

How to Transfer Coin From Your Cash App to Your Bank Account

Steps to Transfer
Other Options

Ridofranz / Getty Images/iStockphoto

Ane of the almost popular payment platforms available, Cash App makes moving money between accounts easy — done with a few taps of a smartphone.

Bated from transferring coin, this peer-to-peer payment app allows users to invest in stocks and Bitcoin. It also lets users open up a Cash App depository financial institution account, which offers its own debit bill of fare, and even borrow coin.

Greenbacks App offers several conveniences and moving money between accounts is principal among them. Here's a closer look at how it's washed.

How to Transfer Money From Cash App to Your Bank Account

Sending and receiving money with Cash App is quick and easy, but users looking to transfer money from one banking company to some other need a slight workaround to do it. Hither'south how information technology'due south done.

Before money can be moved from Cash App to an external banking concern account, the account must be linked to the platform.

To Link a Bank Account To Greenbacks App

Launch Cash App on a mobile device.
Press the Profile Icon on the home screen.
Select Linked Banks and and then tap Link Bank.
Follow the prompts to enter the bank business relationship information and link the account.

In one case a bank account is linked to Greenbacks App, money tin can exist transferred from Cash App to the business relationship.

To Move Coin From Greenbacks App To a Depository financial institution Account

Launch Greenbacks App on a mobile device.

Select the Balance tab on the Cash App home screen.

Tap Cash Out.

Choose a transfer amount.

Tap Cash Out.

Choose a deposit speed.

Ostend the transfer with a PIN or Touch ID.

Step one: Create an Business relationship

Anyone looking to employ Cash App to transfer coin must first create an account with the platform. That'due south washed past downloading the app from either the Apple tree App Store or Google Play, depending on the type of smartphone used.

Opening the app will prompt a new user to provide their phone number or electronic mail address. Once that'due south submitted, Cash App will transport a secret code to the contact selection provided — a text if it was a phone number, a message if it was an email address. The user must then input that code into the app and follow the prompts asking them to link a debit card or a bank business relationship to Cash App.

According to the platform's Terms of Service, only one eligible, external banking concern account can exist linked to Cash App. This may seem inconvenient to those looking to transfer money from one bank to another, but a workaround does be. At this phase, though, information technology's recommended to enter the primary bank business relationship — the one that'south got the money that volition be transferred.

After that information's provided, the user will need to pick a $Cashtag — the username they'll utilize to send and receive money — and provide their zip lawmaking. One time that'south washed, the new business relationship is created and the user is gear up to start sending and receiving cash.

Pace 2: Accept Greenbacks in the Cash App Account

In one case the business relationship is created, yous'll exist able to receive coin from other users or transfer money into your Cash App balance from your linked bank account. New users are just immune to ship upwards to £250 — roughly $314 — and receive upwardly to £500 — around $630 — during a seven-solar day menstruation. Sending or receiving more than that will prompt Cash App's security feature to verify the user'southward identity, asking them to provide their total name, date of nativity and address.

Accepting payments from other users is automatic — they should appear in your account near immediately.

There are just a few steps to deposit coin from your bank account into your Greenbacks App.

Tap the Banking tab, which is located on the Home Screen.
Select the "Add Cash" selection.
Enter the exact amount yous want to transfer and tap "Add."

Once those three steps are complete, Greenbacks App will prompt the user to utilise Touch ID or enter a Pin to confirm the transaction. While a user'due south Cash App balance will brandish the deposited funds immediately, information technology may take a day or two for the transaction to clear with the depository financial institution.

Information technology is of import to know that Cash App balances are only FDIC-insured if the account is linked to a Cash Card. If you don't have the Cash Card, exist careful about leaving likewise much money in your Cash App account.

Step 3: Cash Out of Cash App

Once a new bank business relationship is prepare and verified, a Greenbacks App user can cash out of the platform to transfer money from Cash App to their linked bank account.

To move out funds out of Cash App and into the bank account, a user needs to open the app and:

Tap the Balance tab on the home screen.
Select the Cash Out option.
Enter the amount you want to transfer and select Greenbacks Out.
Choose the free standard deposit speed, the merely option available to those who desire to move money to a linked bank account.

Once those steps are complete, Cash App volition require a user to confirm the transaction with Touch ID or a PIN. Standard deposits take between one and three days to clear.

Transferring To a Different Bank Account

If you want to transfer money from your Cash App to a banking concern business relationship other than the account you originally linked to Greenbacks App, y'all'll demand to replace the linked banking concern account with the new one.

To do this, a user needs to open up Cash App and:

Tap on Profile Icon on the abode screen.
Choose the Linked Banks selection.
Select the registered banking company account.
Tap Supercede Banking company and follow the prompts.

One time the bank data's changed, your Cash App account will list information technology as the user's main external bank account. Yous will likely have to verify the bank account through Cash App, which may have a day or 2. Once that'southward done, the account tin can be used to transport and receive money with Greenbacks App.

Good To Know

To forestall fraud, Cash App may verify depository financial institution business relationship ownership by depositing and withdrawing a few small-scale amounts. The platform will then crave the user to confirm those amounts.

Other Ways to Transfer Money

Greenbacks App isn't your merely option for moving money betwixt accounts. Other apps and banking concern-to-bank transfers may be easier, depending on the amount of coin and where you're moving it to and from.

Transfers from Other Peer-to-Peer Apps to a Bank Account

Several other peer-to-peer payment apps provide the ability to transfer coin just like Greenbacks App does, including:

PayPal
Venmo
Zelle
Google Pay
Apple Pay

While each app will have a different interface, most allow the transfer of money in much the aforementioned style. Much like Cash App, linking a bank account is likely necessary across all of these platforms before funds can be transferred.

Bank-to-Bank Transfers

The bank-to-bank transfer is initiated from one bank to another, with funds typically deposited afterwards ii or three business days, depending on the bank's policies.

There are few different methods for bank-to-bank transfers.

Transfers betwixt accounts endemic past the same person: Business relationship holders tin can transfer money betwixt 2 of their ain accounts by linking the accounts and initiating an external transfer.
Wire transfers: Wire transfers predate apps and online banking tools, but many banks now allow wire transfers via online banking.
- This transfer is usually between two banks or financial institutions. Wire transfers are ofttimes used to move amounts as well big to be transferred in other means.
Paper checks: In that location is still the option to write a check to transfer money. An account possessor can write a check, enter their ain proper noun as the payee and deposit the check into another account.

Each bank's app and online interface differ, only the steps to transferring coin are like.

Final Take

Transferring money from your Cash App account to your bank account a quick and like shooting fish in a barrel mode to movement your money with just a few taps on your phone — providing you already take an account and money in your Cash App balance. Transferring money to a unlike business relationship adds a few steps and takes a little longer, merely it is possible.

FAQ

Here are some of the almost mutual questions asked by those looking to transfer coin using Cash App.

How long does it accept to transfer money from Cash App to a bank account?
- Cash App'south standard deposits accept betwixt one and three days to articulate. This is the only selection available to users who want to transfer coin to a bank account.
Why can't I transfer money from Cash App to my bank?
- Cash App'southward developer, Block, Inc., may delay or limit money transfers at its discretion to guard against fraudulent behavior, like claims, chargebacks, reversals, penalties, fees, fines and other liabilities, according to the platform's Terms of Service. This safeguard may inadvertently stall or halt a legitimate money transfer on occasion.
Can I link Cash App to my bank account?
- Yes, Cash App tin be linked to an external depository financial institution account every bit well as a debit card.
Does it cost money to transfer coin from Cash App to a bank account?
- No, information technology does not. Cash App's standard deposits — the simply pick bachelor to those looking to cash out funds or transfer money to a depository financial institution business relationship — are free.

Editorial Note: This content is not provided past Cash App. Whatsoever opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author solitary and take not been reviewed, canonical or otherwise endorsed by Cash App.

Andrea Norris has been in the web publishing business for the by 15 years both equally a content contributor and a copy editor specializing in personal finance, frugal living, habitation and car topics. She writes both short and long-course content and is well-expert in SEO keyword research and writing.