On Cash App, "cash out" refers to the process of withdrawing funds from your Cash App balance and transferring them to your linked bank account or debit card. This allows you to access and use the money in your Cash App account in other ways, such as making purchases or paying bills.
To cash out on Cash App, follow these steps:
- Tap the "Money" tab on your Cash App home screen.
- Press "Cash Out."
- Choose an amount to cash out and press "Cash Out."
- Select a deposit speed, either standard or instant.
- Confirm the transaction with your PIN or Touch ID.
Depending on the deposit speed you choose, you may be subject to a fee. Standard deposits are free and typically arrive in your bank account within 1-3 business days, while instant deposits are subject to a 0.5%-1.75% fee (with a minimum fee of $0.25) and arrive instantly to your linked debit card.
If you have a pending standard deposit and want to convert it to an instant deposit, you can do so by following these steps:
- Tap the "Activity" tab on your Cash App home screen.
- Choose the deposit you want to expedite.
- Select "Deposit Instantly" if the button is available. If the button is unavailable, it means the funds have already been sent and should arrive in your bank account within 1-3 business days.
