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Cash App is a payment app available for iOS and Android that is used to send and receive money, as well as make purchases and invest. Cash App, likesimilar payment apps, has limits for all of its transactions.
Cash App limits vary based on the transaction type and identity verification status. For example, unverified accounts have a 30-day sending and receiving limit of $1,000. However, that limit can be increased by meeting Cash App identity verification requirements.
Keep reading to learn more about Cash App’s sending and spending limits, and find out how you can increase yours.
What Is Cash App?
Cash App is a platform that allows you to send and receive money, make purchases,invest in stocks,buy and sell bitcoin, and complete other financial transactions. Cash App also partners with other financial institutions and banks to provide debit cards and brokerage services. You can even use Cash App to file your taxes and have your refund sent directly to your Cash App account.
Cash App Limits
Cash App limits apply to all accounts, and generally depend on whether the account is verified.
Cash App Sending and Receiving Limits
Unverified Cash App accounts can send and receive up to $1,000 within 30 days. When you reach these limits, Cash App will ask you to verify your identity right in the app. You will need to provide your full name, date of birth and yourSocial Security number to increase your limits.Verifying your account may significantly increase your limits, potentially allowing transactions up to $7,500 weekly.
Cash App Withdrawal Limits and Spending
If you use the Cash App Cash Card* — a debit card that is connected to your Cash App balance — you may be subject to spending limits, similar to otherdebit cards. The Cash App limit per day and per transaction for Cash Card users is $7,000. Daily limits reset at 6 p.m. Central Standard Time each day.
The Cash Card also has weekly and monthly limits. You can spend up to $10,000 per week and $15,000 per month. Weekly limits reset at 6 p.m. CST on Saturdays, while monthly limits reset at 6 p.m. on the last day of the month.
The Cash Card daily limitations cover all types of transactions. This includes purchases made in-store or online, ATM withdrawals and even transactions that are declined. Essentially, any activity with your Cash Card counts towards this daily limit.
Cash App Limits for Users Under 18
With a Cash App family account, users under 18 will automatically have access toborrow money, make deposits via check and contact phone support. With consent from a parent or guardian, these younger users can also send and receive money — up to $1,000 within 30 days — as well as have a personal debit card and transfer funds between Cash App and a linkedbank account.
They can also transfer up to $7,500 per 30 days into their Cash App account and move up to $25,000 per seven days out of their Cash App account. In addition, users under 18 can make papermoney deposits of up to $250 within seven days and $1,000 within 30 days.
Users under 18 who have a Cash Card are subject to the same spending and withdrawal limits as users over 18.
How To Increase Your Cash AppDaily and Weekly Limits
Increasing your Cash App limits is relatively simple. Aftersetting up your Cash App account, you just need to verify the following information to confirm your identity:
- Your full name
- Your date of birth
- Your Social Security number
If you’re under 18, a parent or guardian must give consent in order to access certain features and increase your limits. In some cases, Cash App may need to request additional information if they are unable to verify your identity with just the information listed above.
How To Send Cash App Payments
The Cash App platform is designed with ease in mind, sosending money to another Cash App user just takes a handful of simple steps:
- Open the app and enter the amount you want to send.
- Tap “Pay.”
- Search for the recipient using an email address, phone number or Cashtag.
- Add a note describing the purpose of the payment.
- Tap “Pay” again to complete the transaction.
Is Cash App Safe To Send and Receive Money?
Cash App has many security features to keep your money safe. In addition to using top-tier data encryption, Cash App accounts can be locked using a PIN, Touch ID or Face ID, and users can enable account notifications to monitor activity. Cash Card users can disable their cards at any time, and Cash App also has security features specific to bitcoin storage and fraud protection.
Final Take
It’s important to note that Cash App sending limits are relatively low, especially compared to traditional bank accounts and some other money apps. If you send or receive money regularly, you should compare your options to make sure your transaction limits are high enough to meet your needs.
FAQ
Here are the answers to some of the most frequently asked questions about Cash App limits.
- Can you send $5,000 through Cash App?
- If you have verified your account and received an increased weekly send limit of $7,500 you can send $5,000 on Cash App.
- What is the Cash App daily limit?
- Cash App doesn't have a daily limit. There is a 30-day limit of $1,000 for sending and receiving funds for unverified accounts.
- How do I increase my Cash App limit from $2,500 to $7,500?
- To increase your Cash App limit, complete the identity verification process in the app by providing your full name, date of birth and your Social Security number.
- Can I send someone $1,000 on Cash App?
- Yes, you can send someone $1,000 on Cash App. Unverified users can send up to $1,000 within a 30-day period, and this limit increases once the account is verified.
Chris Ozarowski contributed to the reporting for this article.
The article above was refined via automated technology and then fine-tuned and verified for accuracy by a member of our editorial team.
Information is accurate as of March 25, 2024.
*Prepaid debit cards issued by Sutton Bank.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
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