7 hours ago
Cash App, developed by Block, Inc., is a powerful peer-to-peer mobile payment platform that has evolved beyond just sending and receiving money. With the addition of the Cash App Card, users can now make in-store and online purchases and withdraw funds from ATMs. However, many users still ask, “How much is the daily ATM limit for a Cash App?” In this in-depth guide, we’ll provide a comprehensive breakdown of Cash App ATM withdrawal limits, how to manage them, and how to increase them.
What is the Cash App Limit?
Cash App limits refer to restrictions placed on your account for sending, receiving, withdrawing, and depositing money. When a user creates a new account, they begin with basic limits, which can be increased through identity verification.
• Unverified Accounts:
o Can send up to $250 per week
o Can receive up to $1,000 per month
• Verified Accounts:
o Can send up to $7,500 per week
o Can receive unlimited amounts
Verification requires your full name, date of birth, and the last four digits of your Social Security Number (SSN).
What is the Cash App ATM Limit?
The Cash App ATM withdrawal limit determines how much cash you can take out using your Cash Card at ATMs.
• Cash App Monthly ATM withdrawal Limit: $1,250 every 30 daysThese limits are applied regardless of which ATM you use. Attempting to withdraw more than these limits will result in the transaction being declined.
What Are Daily Cash App ATM Withdrawal Limits?
The daily ATM limit for a Cash App card is $1,000. This daily cap is enforced over a rolling 24-hour period, not based on the calendar day. Here's how it works:
• You may complete multiple transactions per day as long as the total doesn’t exceed $1,000.
• If you hit your limit, you must wait 24 hours from the time of your first withdrawal before initiating another.
For example, if you withdraw $1,000 at 9 AM on Monday, you won’t be able to make another ATM withdrawal until after 9 AM on Tuesday.
How much is the Daily ATM Limit for a Cash App?
The precise daily withdrawal limit is $1,000, spread over multiple transactions if necessary. This limit ensures account safety and minimizes fraud risk.
In addition, Cash App charges a $2.50 fee per ATM withdrawal, although this fee is waived if you have direct deposits totaling at least $300 per month into your account. If you meet this requirement, Cash App reimburses up to 3 ATM fees per 31-day period.
What is the Cash App BTC Withdrawal Limit?
Cash App users can also buy, sell, and withdraw Bitcoin (BTC). If you're using Cash App for cryptocurrency, it’s essential to know the BTC-specific withdrawal limits:
These limits are applicable whether you're sending BTC to another wallet or moving it to cold storage. Note that transfers can take up to a few hours to process, especially during times of high network congestion.
What is the Cash App BTC Sending Limit?
Sending BTC from your Cash App account to another wallet has the same thresholds:
• $2,000 in Bitcoin per day
• $5,000 per week
This BTC sending limit is applicable after full identity verification. Keep in mind, all Bitcoin transfers through Cash App are on-chain, and network fees may apply depending on current congestion.
How Do You Increase Cash App ATM Limits?
Increasing your Cash App ATM withdrawal limits requires completing the identity verification process within the app.
1. Open Cash App and navigate to your profile.
2. Tap on “Personal” and enter your full name, DOB, and last four digits of SSN.
3. Submit the information and wait for verification approval (typically takes less than 24 hours).
Once verified, you'll retain the maximum allowable limits, including the $1,000 daily ATM withdrawal cap and increased send/receive capacities.
There is no further increase beyond the preset ATM limits currently, but verified users benefit from additional features like BTC trading, higher Cash Card spending limits, and direct deposit eligibility.
Tips to Avoid Cash App ATM Limit Issues
To make the most of your ATM withdrawals, here are a few strategic tips:
• Plan large cash needs in advance to avoid hitting your daily cap unexpectedly.
• Use direct deposit to qualify for ATM fee reimbursements.
• Withdraw the maximum amount in one go to minimize fees.
• Consider alternative withdrawal methods like transferring funds to your linked bank account if higher amounts are needed.
• Regularly monitor your transaction history to keep track of your usage against your limits.
Final Thoughts
Understanding your Cash App limits, especially for ATM withdrawals, is critical for managing your funds effectively. While the default daily ATM withdrawal limit is $1,000, verifying your identity unlocks access to the full features of the platform, including higher transfer limits, BTC capabilities, and direct deposit benefits. By planning ahead and taking advantage of direct deposit reimbursements, users can avoid unnecessary fees and maximize convenience.