Cash App is a popular payment service that allows users to send and receive money through its mobile app. It’s available on both iOS and Android devices, which makes it easy to transfer money on the go. But are the Cash App sending limits restrictive or flexible?
It depends. The default limits for sending and receiving money through Cash App should be high enough for the average user. But if you want higher limits, you have to go through a verification process. Let’s see how it works.
What is Cash App?
Cash App is a popular app for sending and receiving funds from friends and family, but it does more than that. It can accept direct deposits, and you can use your Cash App account to invest in stocks and buy bitcoin. You can send money through Cash App using your bank account, credit card, and debit card. It doesn’t support PayPal, however.
What is the Cash App limit?
Cash App places a limit on how much money you can send and receive through its app. These limits typically reset after a week or a month. Cash App is a financial services platform and not a bank, and its send and receive limits are less than most banks.
Cash App sending limit
When you first sign up for Cash App, you can send up to $250 within a seven-day period. This is the maximum amount for an unverified account. If you want to increase this limit, you have to verify a few pieces of information within the app.
To increase the Cash App sending limit, you’ll need to verify:
- Your full legal name
- Your date of birth
- The last four digits of your Social Security number
Verified accounts can have their sending limit increased to $7,500 per week and $17,500 per month.
Cash App receiving limit
The default receiving limit for Cash App is up to $1,000 within a 30-day period. This limit can also be increased if you go through a verification process. Verified users can have their receiving limit increased to an unlimited amount.
If you want potentially higher limits for sending and receiving money, check out our list of the best banks.
How do you increase Cash App limits?
To increase your Cash App transaction limits, including spending and receiving limits, you have to go through Cash App’s verification process.
This involves providing Cash App with a few pieces of information, such as your full name, date of birth, and the last four digits of your Social Security number. If your Cash App account isn’t able to be verified with this information, you might be asked to provide additional information.
Is there a Cash App withdrawal limit?
Cash App has a Visa debit card, called the Cash Card, that’s tied to your Cash App balance. It can be used to make purchases at stores and withdrawals at ATMs. A withdrawal from an ATM using your Cash App card is not the same as cashing out your Cash App balance.
A cash out transfers money from your Cash App balance to a linked bank account, whereas an ATM withdrawal with the Cash Card lets you access physical cash from your Cash App balance.
Here are a couple limits to keep in mind:
- Cash Card withdrawals from an ATM: Limited to $310 per transaction and $1,000 per 24-hour period. You’re also limited to $1,000 in withdrawals per seven-day period.
- Cash Card spending limits: You can spend up to $7,000 per day, $10,000 per seven-day period, and $25,000 per 30-day period with your Cash Card.
How do you send money with Cash App?
Sending money with Cash App is relatively easy. You just need the email address, phone number, or $Cashtag of the person you’re sending funds to. Then, you open the app, tap pay, enter their information and what the payment’s for, and indicate whether you want to make a payment from your Cash App balance, a linked bank account, or a credit card. Then tap pay again.
How much can you send on Cash App each week?
The default account limit on Cash App for sending money is $250 within a seven-day period. If you successfully go through Cash App’s verification process, you should be able to send up to $7,500 per week and up to $17,500 per month. The Cash App weekly limit reset doesn’t occur on specific days or at specific times, but it should happen a week after you’ve met the sending limit.
Can you send $5,000 through Cash App?
You typically won’t be able to send more than $250 in a week through Cash App unless you verify your identity through the app.
Does Cash App have a daily sending limit?
Cash App doesn’t have a daily limit for sending money. Rather, Cash App’s default sending limit is $250 per seven-day period. If you verify your identity through the app, your sending limit should be increased to up to $7,500 per week and up to $17,500 per month.
Cash App has low sending and receiving limits when you first sign up, which might not be helpful if you want to transfer large amounts of money. But if you’re able to successfully verify your identity, these limits are increased significantly. For some Cash App users, this payment app might not provide much value until the verification process is complete and they’re able to send larger amounts of money.
For more information about Cash App and how it works, read our Cash App review.