'How much can you send on Cash App?': It depends on whether or not your account is verified — here's what you need to know
- You can send up to $250 on a basic Cash App account in a 7-day period, and receive up to $1,000 over a 30-day period.
- Once you've verified your Cash App, you can send up to to $7,500 per week and receive an unlimited amount.
- Verifying your Cash App account requires sharing your full name, date of birth, and the last four digits of your social security number.
- Visit Business Insider's homepage for more stories.
You can set up and start using a Cash App account in about three minutes. All you need to do is download the app, connect it to your phone number, email address, and bank account, and then transfer some funds to start sending and receiving money.
How much money you can send on Cash App depends on account verification
You can't send large amounts of money with an unverified Cash App account. Cash App limits unverified accounts to a $250 send limit in a 7-day period, regardless of whether that's one lump sum or spread out over myriad transactions. An unverified Cash App account is also limited to receiving $1,000 in a 30-day stretch of time.
If you want to send and receive more money, you need to go through a process of account verification. This process will be automatically initiated when you try to send an amount greater than the $250 limit imposed on non-verified accounts, or when someone tries to send you more than the $1,000 limit.
Verifying your account usually means sharing your social security number, full name, and your date of birth, but the app also says that more information may be requested in some cases if this data is not sufficient.
With a verified account, you can send up to $7,500 per week and receive an unlimited amount of money.
Related coverage from How To Do Everything: Tech:
-
How to cash out on Cash App and transfer money to your bank account instantly
-
How to change your Cash App PIN on an Android or iPhone
-
'Can you send money from PayPal to Cash App?': Not directly, but you can use your bank account — here's how
-
How to unlink and delete your Cash App account on your iPhone
SEE ALSO: We compared Samsung's Galaxy S10 and the Galaxy S10+ to determine which phone you should buy
Join the conversation about this story »
NOW WATCH: Why it's so hard for planes to land on water
from Tech Insider https://ift.tt/2Qbcfeu
via IFTTT
Comments
Post a Comment