Apple Cash is a convenient way to send, receive, and store money within the Apple ecosystem. However, if you want to use your funds outside of Apple Pay, you’ll need to transfer your Apple Cash balance to your bank account. In this guide, we’ll walk you through the steps to move your money safely and efficiently.
What is Apple Cash?
Apple Cash transfer is a digital card stored in the Apple Wallet that allows users to spend, send and receive money through Apple Pay. It works like a debit card and can be used for purchases in stores, apps, and online. You can choose transfer options to your Apple Cash balance to a bank account or a debit card.
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How To: Transfer Apple Cash to Your Bank Account
Step 1: Open the Wallet App
- Unlock your iPhone and open the Wallet app.
- Tap on your Apple Cash card.
Step 2: Select Transfer to Bank
- Tap the More button (three dots) in the upper-right corner.
- Select Transfer to Bank from the options.
Step 3: Enter the Amount
- Enter the amount you wish to transfer.
- Tap Next to continue.
Step 4: Choose Transfer Method
Apple provides two options to transfer money:
- Standard Transfer (1 to 3 Business Days): This method is free and deposits the money into your linked bank account within one to three business days.
- Instant Transfer (Immediate, Small Fee): For a small fee (typically 1.5 % of the transfer amount), you can send the money to an eligible debit card instantly.
Step 5: Confirm and Complete Transfer
- If you select Standard Transfer, choose your linked bank account.
- If you select Instant Transfer, choose your debit card.
- Confirm the details and tap Transfer.
- Use Face ID, Touch ID, or your device passcode to confirm the transfer.
- Wait for the transfer confirmation.
How To: Add a Bank Account or Debit Card to Apple Cash
Before transferring money, you need to ensure that your bank account or debit card is linked to Apple Cash.
Adding a Bank Account:
- Open the Settings app on your iPhone.
- Tap Wallet & Apple Pay.
- Select Apple Cash.
- Tap Bank Account and enter your routing and account numbers.
- Follow the on-screen instructions to verify your bank account.
Adding a Debit Card:
- Open the Wallet app.
- Tap Apple Cash, then select More.
- Choose Transfer to Bank.
- Tap Add Debit Card, then follow the prompts to enter your card details.
Apple Cash To A Bank Transfer Limits
Transfer Limit
Apple Cash account has certain limits when transferring funds:
- Per Transfer: Up to $10,000 per transaction.
- Per Week: A maximum of $20,000 in a seven-day period.
- Bank Transfer Limits: Transfers to a bank account must be at least $1.
- Instant Transfer Limits: Instant transfers have a minimum limit of $1 and a maximum of $2,000 per transaction and per day.
Transfer Not Going Through
- Ensure your iPhone has the latest iOS update.
- Make sure your debit card or bank account is correctly linked.
- Check if you have sufficient funds in your Apple Cash balance.
- If you’re using Instant Transfer, ensure your debit card supports real-time transfers.
Delayed Standard Transfer
- Standard transfers take 1-3 business days option. If it takes longer, contact your bank.
- Check for any network issues that may be causing delays.
Apple Cash Not Available
- Choose anywhere Apple pay is accepted, because Apple Cash is only available in the United States.
- Ensure that your Apple ID is set to the correct region.
Tips: For a Smooth Transfer
- Always double-check your bank details before confirming a transfer to avoid wrong transfer or any phishing scams.
- If you frequently transfer money, linking a debit card allows for faster transactions.
- Avoid instant transfers unless you need the money urgently, as they incur a fee.
- Keep your Apple Cash and cash app updated for the latest version security features.
In conclusion, transferring Apple Cash to a bank account is a simple process that ensures you have access to your funds beyond the Apple ecosystem. By following the steps above, you can securely move your money and avoid unnecessary fees or delays. Whether you choose a standard or instant transfer, Apple Cash makes digital banking convenient and accessible.
Need more help? Check Apple support page or contact your bank for further assistance.
