Cash App Card Withdrawal: How To Withdraw? Check Limit, Charges, And Interest Rates

Cash App has become a popular digital payment platform in the United States, offering users an easy way to send, receive, and manage money. One of its most convenient features is the Cash App Card, a Visa debit card linked directly to your Cash App balance. This card allows users to make in-store and online purchases, and more importantly, withdraw cash from ATMs. In this detailed guide, we will explore how to withdraw using a Cash App Card, examine the withdrawal limits, associated charges, and any interest rates you should be aware of.

How to Withdraw Cash Using a Cash App Card?

Withdrawing cash using your Cash App Card is straightforward. Here’s how you can do it:

Cash App ATM Withdrawal

1. Locate a Nearby ATM: Cash App Cards can be used at any ATM that accepts Visa cards.
2. Insert Your Card: Slide or insert your Cash App Card into the ATM slot.
3. Enter Your PIN: Use the same PIN you set for your Cash App Card.
4. Choose Withdrawal Option: Select the withdrawal function and specify the amount.
5. Collect Your Cash: Once the transaction is processed, take your cash and receipt.

Cash Back at Stores

Another method of withdrawal is by requesting cash back during a debit purchase:

1. Visit a retail store that supports cash back with debit cards.
2. Make a purchase and request cash back at checkout.
3. Use your Cash App Card and PIN to complete the transaction.
4. Collect both your purchase and the requested cash amount.

Cash App ATM Withdrawal Limits

Cash App imposes withdrawal limits to ensure account security and prevent abuse. As of the latest updates:

• Cash App Per Transaction Limit: $310
• Cash App Daily Withdrawal Limit: $1,000
• Cash App Weekly Withdrawal Limit: $1,000 over 7 days

Note: These limits are non-negotiable and cannot be increased. Attempting to withdraw beyond these caps will result in a declined transaction.

Cash App Card charges for Withdrawal

Understanding the fees associated with using your Cash App Card is critical. Here’s a breakdown of the charges you may encounter:

Cash App ATM Withdrawal Fees

• Standard ATM Withdrawal Fee: $2.50 per transaction
• Additional ATM Operator Fee: Most ATMs charge an additional $1.50 to $3.00, depending on the bank or location.
• Total Expected Fee: Between $4.00 to $5.50 per ATM transaction

Free ATM Withdrawals on Cash App

You can avoid ATM fees if you receive direct deposits of at least $300 per month into your Cash App account. Once this threshold is met:

• Cash App reimburses up to 3 ATM fees per 31-day period.
• You’ll receive up to $7 in ATM fee reimbursements every 31 days.

To set up direct deposit:

1. Open Cash App and go to the Banking tab.
2. Tap on Direct Deposit and share the details with your employer or payer.
3. Activate free withdrawals once the direct deposit requirement is fulfilled.

Interest Rates: Is There Any Interest on Cash App Withdrawals?

Unlike traditional credit cards or loans, Cash App Card withdrawals do not carry interest rates. This is because the Cash App Card only allows users to access their existing balance, not borrowed funds.

No Credit, No Interest

• Cash App does not extend credit lines or offer overdrafts.
• You are only spending the money available in your Cash App balance.
• Therefore, there are no interest charges associated with ATM or point-of-sale withdrawals.

However, if you opt into Cash App Borrow, a separate feature available to select users, interest rates may apply. This feature allows you to borrow up to $200, but it’s not directly connected to standard Cash App Card withdrawals.

Steps to Check Withdrawal Limits and Transaction History

You can easily check your withdrawal limits and track transactions from within the Cash App:

1. Open the App and tap the Activity tab to view your recent transactions.
2. Tap the Profile icon, then select Limits to view your ATM and spending limits.
3. Monitor your available withdrawal quota to avoid declined transactions.

Security Tips for Cash App Card Withdrawals

To ensure your Cash App Card and funds are safe, consider the following security practices:

• Never share your PIN with anyone.
• Enable two-factor authentication (2FA) in your Cash App settings.
• If your card is lost or stolen, disable it immediately via the app under the Card tab.
• Use ATMs in well-lit, secure areas and avoid using machines that appear tampered with.

What to Do if ATM Withdrawal Fails

Sometimes, withdrawals may fail due to various reasons. Here's how to troubleshoot:

• Check Your Balance: Ensure your Cash App balance covers the amount plus fees.
• Review Cash App Daily Limits: You may have reached your daily or weekly limit.
• Contact Support: Use the Cash App Support feature in the app if your card is declined or the ATM malfunctions.
• Wait for Refunds: If money is deducted but not dispensed, most ATMs auto-reverse failed transactions within 10 business days.

International Withdrawals Using Cash App Card

Currently, Cash App Cards do not support international usage. This includes:

• No foreign ATM withdrawals
• No international purchases or payments

Cash App is strictly available within the United States, and any attempt to use the card abroad will likely result in a declined transaction.

Conclusion: Efficiently Withdraw Cash With Your Cash App Card

The Cash App Card offers flexible, on-the-go access to your money, but it’s essential to understand the limits, fees, and best practices for withdrawal. By knowing how and where to withdraw, leveraging direct deposit for fee waivers, and maintaining account security, users can maximize the benefits of their Cash App Card.