Cash App is a payment app available for iOSand Android that is used to send and receive money, as well as make purchasesand invest. Cash App, like similar payment apps, has limits for all of itstransactions.

Cash Applimits vary based on the transaction type andidentity verification status. For example, unverified accounts have a $250weekly sending limit. However, that limit can be increased to $7,500 by meetingCash App identity verification requirements.

Keep reading to learn more about Cash App’ssending and spending limits, and find out how you can increase yours.

What Is Cash App?

Cash App is a platform that allows you to sendand receive money, make purchases, invest in stocks, buy and sell bitcoin andcomplete other financial transactions. Cash App also partners with otherfinancial 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 directlyto your Cash App account.

Cash App Limits

Cash Applimits applyto all accounts, and generally depend on whether the account is verified.

Cash App Sending Limits

Cash App lets unverified users send up to $250within seven days. If you complete the identity verification process, you cansend up to $7,500 per week. You will need to verify your full name, date ofbirth and the last four digits of your Social Security number to increaseyour 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 personalinformation, 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 freedebit card that is connected to your Cash App balance — you may be subjectto Cash Appspending limits, similar to other debit cards. The Cash Applimit per day and 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 monthlylimits. You can spend up to $10,000 per week and $15,000 per month. Weeklylimits 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 ATMwithdrawal limit of $1,000 per day, but it also limits totaldaily spending on purchases made in-store and online, including declinedtransactions and cash-back withdrawals.

Cash App Limits for Users Fewer than 18

With a Cash App family account, users under 18will automatically have access to borrow money, make deposits via check andcontact phone support. With consent from a parent or guardian, these youngerusers can also send and receive money — up to $1,000 within 30 days — as wellas have a personal debit card and transfer funds between Cash App and a linkedbank account.

They can also transfer up to $7,500 per 30days into their Cash App account and move up to $25,000 per seven days out oftheir Cash App account. In addition, users under 18 can make paper moneydeposits of up to $250 within seven days and $1,000 within 30 days.

Users under 18 who have a Cash Card aresubject to the same spending and withdrawal limits as users over 18.

How to Increase Your Cash App Limits

Increasingyour Cash App limits isrelatively simple. After setting up your Cash App account, you just need toverify the following information to confirm your identity:

  • Your full name
  • Your date of birth
  • The last four digits of your Social Security number

If you’re under 18, a parent or guardian mustgive consent in order to access certain features and increaseyour Cash App limits.In some cases, Cash App may need to request additional information if they areunable to verify your identity with just the information listed above.

How to Send Cash App Payments

The Cash App platform is designed with ease inmind, so sending money to another Cash App user just takes a handful of simplesteps:

  • 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 keepyour money safe. In addition to using top-tier data encryption, Cash Appaccounts can be locked using a PIN, Touch ID or Face ID, and users can enableaccount notifications to monitor activity. Cash Card users can disable theircards at any time, and Cash App also has security features specific to bitcoinstorage and fraud protection.

Final Take

It’s important to note that Cash App sending limits arerelatively low, especially compared to traditional bank accounts and some othermoney apps. If you send or receive money regularly, you should compare youroptions to make sure your transaction limits are high enough to meet yourneeds.

FAQ

How long does it take to send$5,000 on Cash App?

If you are an unverified user, Cash App lets you send a maximum of$250 over a 7-day period. If you want to send $5,000, this will take you a fewweeks. You can increase your limits by verifying your identity. This entailsproviding some basic information to Cash App.

Can someone send you $6,000 onCash App?

If you have verified your identity on Cash App, you can receive$6,000 and even more on Cash App. However, you are only limited to $1,000 per30 days if you haven't verified your identity.

Can you cash out $5,000 on CashApp?

Cash App doesn't indicate a limit for withdrawals to your bankaccount or linked debit card. Therefore, you should be able to cash out $5,000.However, you may need to pay a fee of 0.5%-1.75% for an Instant Deposit.