Written by goldie » Updated on: October 24th, 2024
Cash App is widely used for sending and receiving money, making payments, and even investing in stocks or Bitcoin. However, the platform comes with limits on how much you can withdraw, send, and receive daily. These limits depend on whether your account is verified or unverified, and understanding them is crucial for managing your transactions effectively.
In this article, we’ll cover everything you need to know about Cash App limits and how to maximize your account usage by increasing your limits.
Cash App Sending Limits
Cash App imposes sending limits on both verified and unverified accounts. If you are a new or unverified user, these limits are much lower. Here’s how they break down:
For Unverified Users:
Cash App Daily Sending Limit: Unverified users can send up to $250 per week.
30-Day Sending Limit: Over the course of a month, the total limit for unverified accounts remains capped at $250.
To increase these limits, you’ll need to verify your identity by providing your full name, date of birth, and the last four digits of your Social Security Number (SSN).
For Verified Users:
Cash App Daily Sending Limit: Verified users can send up to $7,500 per week.
Cash App Weekly Limit: The verified sending limit resets every seven days, allowing you to send up to $7,500 in a single week.
By verifying your account, you unlock the full potential of Cash App, making it easier to handle larger transactions for personal or business purposes.
Cash App Receiving Limits
Cash App also imposes limits on how much money you can receive. These limits vary depending on whether your account is verified or unverified.
For Unverified Users:
Daily Receiving Limit on Cash App: Unverified users are limited to receiving $1,000 within any 30-day period. This limit applies whether you receive multiple small transactions or a single large payment.
For Verified Users:
Unlimited Receiving: Once you verify your account, there is no limit on how much you can receive daily, weekly, or monthly. This is particularly beneficial for business owners or anyone who regularly receives large payments.
Cash App Withdrawal Limits
If you’re using a Cash App Card to withdraw money from ATMs, there are also limits on how much you can withdraw in a day or over a longer period.
For All Users (Verified and Unverified):
Cash App Daily ATM Withdrawal Limit: You can withdraw up to $1,000 per day from ATMs using your Cash App Card.
Cash App Weekly ATM Withdrawal Limit: The total amount you can withdraw from ATMs per week is capped at $1,000.
Cash App Monthly ATM Withdrawal Limit: You can withdraw a maximum of $1,000 per month from ATMs.
These limits apply regardless of whether your account is verified. However, frequent Cash App users can link their account to a bank and withdraw larger amounts via bank transfers.
How to Increase Your Cash App Limits?
The best way to increase your Cash App limits is by verifying your account. Here's how to do it:
Open Cash App and navigate to your profile.
Select the ‘Personal’ option.
Enter your full name, date of birth, and the last four digits of your SSN.
Submit the information for verification.
Once your account is verified, you’ll be able to send up to $7,500 per week, receive unlimited funds, and access advanced features like Cash App Investing and Bitcoin transactions.
Other Cash App Limits You Should Know
Bitcoin Limits
If you use Cash App for Bitcoin transactions, there are specific limits you should be aware of:
Bitcoin Withdrawal Limit: Verified users can withdraw up to $100,000 worth of Bitcoin per week.
Bitcoin Deposit Limit: There is no limit on how much Bitcoin you can deposit into your Cash App account.
Cash App Card Spending Limit
For those who use the Cash App Card, the spending limit is as follows:
Cash App Daily Spending Limit: You can spend up to $7,000 per day with your Cash App card.
Cash App Weekly Spending Limit: The card spending limit is $10,000 per week.
Cash App Monthly Spending Limit: The total spending limit for the Cash App card is $25,000 per month.
Conclusion
Knowing your Cash App limits for withdrawing, sending, and receiving money is essential for managing your transactions effectively. While unverified accounts have stricter limits, verifying your identity allows you to increase your sending limit to $7,500 per week and receive unlimited amounts. Whether you're using Cash App for personal transactions, business payments, or Bitcoin exchanges, verifying your account is key to unlocking the full potential of the platform.
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