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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, like similar payment apps, has limits for all of its transactions.
Cash App limitsvary based on the transaction type and identity verification status. For example, unverified accounts have a $250 weekly sending limit. However, that limit can be increased to $7,500 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 Limits
Cash App lets unverified users send up to $250 within seven days. If you complete the identity verification process, you can send up to $7,500 per week. You will need to verify your full name, date of birth and the last four digits of your Social Security number to increase your Cash App sending limits.
Cash App Receiving Limits
Unverified Cash App accounts can receive up to $1,000 within 30 days. Once you verify your identity using your personal information, you can receive an unlimited amount of money each month.
Cash App Spending and Withdrawal Limits
If you use the Cash App Cash Card — a free debit card that is connected to your Cash App balance — you may be subject to Cash App spending limits, similar to other debit cards. The Cash App limit per dayand per transaction for Cash Card users is $7,000. Daily limits reset at 6 p.m. CST 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. CST on the last day of the month.
The Cash Card not only implements an Cash App ATM withdrawal limitof $1,000 per day, but it also limits total daily spending on purchases made in-store and online, including declined transactions and cash-back withdrawals.
Cash App limitsvary based on the transaction type and identity verification status. For example, unverified accounts have a $250 weekly sending limit. However, that limit can be increased to $7,500 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 Limits
Cash App lets unverified users send up to $250 within seven days. If you complete the identity verification process, you can send up to $7,500 per week. You will need to verify your full name, date of birth and the last four digits of your Social Security number to increase your Cash App sending limits.
Cash App Receiving Limits
Unverified Cash App accounts can receive up to $1,000 within 30 days. Once you verify your identity using your personal information, you can receive an unlimited amount of money each month.
Cash App Spending and Withdrawal Limits
If you use the Cash App Cash Card — a free debit card that is connected to your Cash App balance — you may be subject to Cash App spending limits, similar to other debit cards. The Cash App limit per dayand per transaction for Cash Card users is $7,000. Daily limits reset at 6 p.m. CST 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. CST on the last day of the month.
The Cash Card not only implements an Cash App ATM withdrawal limitof $1,000 per day, but it also limits total daily spending on purchases made in-store and online, including declined transactions and cash-back withdrawals.