What Is the Cash App Sending Limit? | How Much Can You Receive?
Do you want to transfer money from the Cash App, but don't know how much you can send? In this article, we go over what the Cash App sending limit is and break down where it came from. We then end with a few recommendations on how to best use this feature!
What is the Cash App?
The Cash App, formerly known as Square Cash, is a financial service created by Square used to send and receive money. This app can be used on both Android and iOS products with no fees!
The best part about it is that you're not limited to friends or family, but can use it with anyone in the United States, excluding those who have a Cash Plus account.
What is Cash App Sending Limit?
So what's the limit on sending through Cash App? This is where it gets interesting. For those who are new to Square, there is currently a limit on sending money via Cash App.
If you are an unverified user, the Cash App sending limit is $250 per week.
If you are a verified user, so have added your phone number to the account, the Cash App sending limit is $7,500 per week! This can be increased to $10,000 if you have completed the bank linking process. To do this follows these instructions.
Log in to Cash App account. Click on Settings. Click on Cash Card or Bank Account. Click to be redirected to a page that says Continue to bank login. Once here, log into your bank's website and enter the information it asks you for until you get a message that says "We see your bank account".
This is where your bank will verify your account's information, so it can be linked to the Cash App. Note this may take a few days!
How much can you receive using Cash App?
Sending limits tend to be most people's main concern; however, it's important to know what the receiving limit is. For those who are new to Square, you can currently receive $1,000 within a month.
If you are a verified user, you can receive unlimited money or there is no limit for receiving money by a verified user.
If you do plan on receiving an unusually high amount of money using Square Cash, it's best to verify your account beforehand by adding your phone number and selfie! This helps protect you and Square from fraud and other illegal activities.
Cash App also offers the Cash Pickup feature, where they will give you money at a physical location. Be sure to check if your bank is supported by this feature!
How does Cash App work?
Cash App is very simple to use. To get started, download the app (both available on iOS and Android). To send money, enter in the amount you want to send along with the phone number of the person you are sending it to.
You will then be prompted for what you would like to use for the payment (debit card or bank account). Once you have selected this, a four-number code is sent to your recipient. They will validate this and then the money is sent!
To receive money, simply enter in your phone number and a five-digit PIN along with whether it's for Cash Pickup or not. For those who want to pick up their money at a physical location, you can then set one up in the settings section of the app!
Who is a verified user?
To become a verified user, you will need to add your phone number and photo ID. Luckily, Square Cash makes it easy for you to do this by giving you step-by-step instructions!
Log in to the Cash App. Click on Settings .You will see a button that says Verify Account and a place for your ID. Take a picture of your ID and upload it there, as well as enter your phone number!
It is important to note that it takes about 3 business days for your account to be verified.
What documents are needed for verification?
This section will give you different options for verification, so it's best to have these ready beforehand!
For your phone number
You must enter the phone number that you wish to use on your account. You can link this to either a landline or cell phone (however, if you link it to a cell phone carrier, you will receive a text).
For your ID
You can upload your passport, driver's license, or state identification card.
Cash App and banks
Cash App will give you the option to link your bank account as well as add a debit/credit card. If you plan on using Cash Pickup at a physical location, I highly recommend linking your bank account.
Note: Cash App will only support the following banks for linking at this time: Ally, American Express, Bank of America, Capital One, Charles Schwab Bank, Citibank, Fifth Third Bank, First Tennessee Bank National Association, Frost bank, Golden 1 Credit Union, Huntington National Bank/First Merit, Key Bank, M&T Bank, People's United Bank, PNC Bank, Regions Bank, SunTrust Bank and USAA.
How to send money using Cash App?
Log in to your Cash App. Click on the dollar sign button that says $. Enter the amount you wish to send and click next. You can then add a note or a memo if you want, this is optional! Click Review before sending your money. If you change your mind, click Cancel and the transaction will not go through.
If you are ready to send it, click Send Money. This will bring you to a page for Cash Pickup! Enter the last 4 digits of the person's phone number that you wish to send money to, then select an amount and click on Request
Note: If they have not used this feature before, they will need to go through the Cash Pickup process. Be sure they know the last 4 digits of their cell phone number!
Cash App is a great way to send and receive money with friends and family, which adds an extra layer of security when compared to Venmo or PayPal!
Is Cash App safe and secure?
Cash App is a great way to send money to friends and family. It has added layers of security compared to Venmo or PayPal!
Approve the sender: The sender must have your phone number, which helps protect you from any fraud or stolen accounts.
Send notifications: You will be notified on your Cash App anytime someone requests money or sends money to you! This can help protect you from fraud.
How is the customer support service of Cash App?
The Cash App has a 24/7 customer service team. They have a quick email response time and offer a FAQs page with the most commonly asked questions. Cash App also has a $ customer loyalty program, which you will hear more about below!
Conclusion
It is easy to get confused by all of the Cash App sending and receiving limits; however, they're mostly there for your protection. Always remember that if you receive an unusually high amount of money or something seems suspicious, it is probably best to verify your account beforehand to be on the safe side.
If you plan on sending or receiving a lot of money via Cash App, always have your ID and phone number linked! The Square team makes it easy for you to do so by giving clear instructions for each step.
And most importantly, don't forget to have fun sending and receiving money via the Square Cash app!
