If you've used Cash App for some time now, you can agree with me that it is a convenient payment service. Its convenience extends to making peer-to-peer payments and withdrawing funds from the platform.
That said, if you're looking to cash out money from your Cash App account, I'll show you the simple steps and the different methods you have to choose from.
Can You Withdraw Money from Cash App?
Yes, you can withdraw money from Cash App.
You'll think you can withdraw only to a linked bank account or debit card, but that's not the only method.
That said, if you have a Cash App card, you can use it to instantly withdraw money from your Cash App balance at any in-network ATM for free without incurring fees.
Another way you can cash out from Cash App is to send money to another Cash App user in exchange for cash, but this one will require you to find someone who really needs a Cash App top-up but doesn't want to go through their linked payment source.
While this method is a stress for many, it is one practical way to get money off your account balance without card or bank.
How To Cash Out On Cash App
We've seen earlier that withdrawing to your linked payment method isn't the only way to cash out on Cash App. You have other options like withdrawing from an ATM or even sending to another Cash App user.
Let's cover all the options we have.
1. Withdraw to a Linked Payment Source
Probably, the best way to cash out on Cash App is to do so through your linked payment source. In fact, this is the first idea that should come to your mind, right?
Well, the process is very easy, and you can do it either in the Cash App mobile app or online on the Cash App website.
To withdraw to your linked payment source through the app:
- Tap the Banking tab on your Cash App home screen.
- Press Withdraw.
- Choose an amount.
- Select a transfer speed.
- If required, confirm with your biometrics or PIN.
To do so on the Cash App website:
- Log in to your Cash App account at cash.app/account
- On the left, click Money
- Click Withdraw under your Cash Balance
- Choose or enter an amount and click Continue
- Select your bank account and transfer speed
After completing the aforementioned steps, you can track your transaction status from the Activity section of your account. Also, the time it takes to complete will depend on the deposit option you choose.
2. Send to Another Cash App User
Another great way to cash out of Cash App is to transfer the funds you want to withdraw to another Cash App user. However, you'll need to find someone who is really in need of a Cash App top-up but doesn't want to go through their linked payment source.
What I love about this method is that it is not only instant (when you already have someone to transfer to), but it is also free since Cash App to Cash App transfers are typically free of charge.
3. Withdraw the Funds through an ATM
Last but not least, another way to cash out on Cash App is to withdraw money from an ATM. Of course, that will be through your Cash App card.
You can make unlimited free ATM withdrawals at any in-network ATM, but withdrawing at out-of-network ATMs comes with a $2.50 fee plus the fees charged by the ATM operator.
If you receive direct deposits of $300 or more monthly, you should qualify for the free out-of-network reimbursement for your Cash App withdrawals.
How to Cash Out on Cash App the Same Day
If you're looking to cash out on Cash App the same day, you can either use the instant transfer option or withdraw money from an ATM. I can't really mention the method involving another Cash App user because it won't be done the same day if you don't have someone yet. But if you do have someone, then consider it as an instant withdrawal option for you.
How to Cash Out on Cash App Stocks
You cannot cash out directly from Cash App stocks to your bank account. It is impossible, and I already discussed this earlier in one of my guides on this blog.
Instead, you first have to sell your stocks on Cash App before withdrawing the proceeds to your linked payment source or through any of the withdrawal methods mentioned earlier.
How Long Does It Take to Cash Out On Cash App?
The time it takes to withdraw money from Cash App typically depends on the method you choose.
Let's say you choose the instant transfer to your linked funding source. The transfer should go through instantly, and you should see the funds reflect in your bank account within minutes.
However, if you choose the standard transfer option, it can take up to 3 business days for your funds to arrive at your bank.
Withdrawing through an ATM is an instant process, but as for the method involving another Cash App user, it can be instant if you already have someone, or it can take longer if you don't yet have someone.
Final Thoughts
Cashing out on Cash App is a very easy and simple process and doesn't just involve one method—there are other options, as mentioned earlier.
This guide compiles all the methods to withdraw money from your Cash App balance so you'll best pinpoint which one is ideal for you in each situation.