When it comes to using Cash App and withdrawing your funds, it’s essential to be aware of the fees associated with cashing out. One of the crucial questions that users often ask is, “How much does Cash App charge to cash out?” Let’s dive deeper into this to understand the costs involved.
Cash App Stored Balance: $2.50 Cash Out Fee
According to the details provided by Cash App, there is a $2.50 fee for cashing out your stored balance. This means that whenever you transfer your funds from Cash App to your linked bank account, you can expect to be charged $2.50 for the transaction.
Monthly Fee: $0
One of the advantages of using Cash App is that there is no monthly fee associated with the service. Unlike some other platforms that charge a recurring fee for accessing their features, Cash App allows you to use its services without any additional monthly charges.
ATM Withdrawal Fee: $2.50
If you decide to withdraw cash from an ATM using your Cash App card, you will incur a fee of $2.50 for the transaction. It’s important to consider this cost when planning your cash withdrawals to avoid any surprises when accessing your funds.
Paper Money Deposit Fee: $1
In case you prefer to deposit paper money into your Cash App account, there is a $1 fee associated with this type of deposit. While electronic transfers are generally free on the platform, paper money deposits come with a nominal fee.
ATM Balance Inquiries: Not Applicable
Unlike some traditional banking services that charge a fee for balance inquiries at ATMs, Cash App does not impose any charges for checking your balance at an ATM. This can be convenient for users who want to stay updated on their account balance without incurring additional costs.
Customer Service: $0
If you ever need to reach out to Cash App’s customer service for assistance, you will not be charged for accessing their support. This can be reassuring for users who may have questions or encounter issues while using the platform.
