The cash app uses its payment platform to make and receive payments instantly. The app stores it by acting as an intermediary between you and your bank. Once you send or receive payment, it gets added to your Cash App account instead of your bank account. This is the one that allows the Cash app to make instant payments regardless of your payment platform.
If you want to use the money received in your cash app, you will have to transfer it to your bank account or linked credit or debit card. This process is called 'cash app cash out'.
The cash app allows you to cash out at standard speed or quick speed. Let's take a look at both.
Standard: Standard Speed is completely free and deposits from cash out will appear in your linked account within 1 to 3 business days.
Instant: As the name suggests, at this speed the cash out from the cash app will be instantiated and as soon as you 'cash out' it will appear in your linked account. This speed is chargeable at 1.5% of your cash-out amount. The minimum charge for this deduction is $ 0.25.
What if my debit card does not support instant deposit?
In such cases, you will be immediately returned a payment account in the Cash app. Your remaining payment will be sent to your debit card via the standard 'speed' and will be visible within the next 3 working days.
My cash out is not credited?
If your cash-out amount is not reflected in your account, we recommend contacting the cash app customer service team. You can use the link below to contact them.