How To Send Money On Cash App: Cash, Stocks, And Bitcoin

Imagine a world where sending money was as effortless as sending a text message and where splitting bills or supporting loved ones were just a few taps away. This world already exists thanks to Cash App. Cash App has emerged as a popular choice among the many peer-to-peer payment platforms for its user-friendly interface, robust features, and seamless money transfer capabilities. It offers various financial services, among them -sending and receiving money.

If you’re wondering how to send money con Cash App, this simple step-by-step guide will walk you through the process from start to finish, ensuring fast and hassle-free transactions.

What Is Cash App?

Cash App is a peer-to-peer payment platform developed by Square Inc. It offers a user-friendly interface for seamless money transfers. With millions of users already on board, Cash App has become a trusted solution for sending and receiving money effortlessly.

Besides sending and receiving money, Cash App has evolved to become an investment platform where users like you can invest in stocks and buy and sell Bitcoins. In fact, as you’ll learn below, when sending money to others using Cash App, you can choose between sending them cash, stocks, or Bitcoins.

How Do I Send Money On Cash App?

Sending money on Cash App is a straightforward process you can complete in just a few simple steps. Here is a breakdown of each step.

#1 Get Started With Cash App

Before you can send money on Cash App, you'll need to download and install the app on your mobile device. Search the App Store or Google Play Store for “Cash App” or use the links on Cash App's official website to download their app. Better yet, you can use our download link to get a free, one-time signup bonus.

ADD Cash App Bonus reusable block here.

Once downloaded, follow the on-screen instructions to create your Cash App account. During the account creation process, you must provide basic personal information, such as your email address and phone number.

We recommended verifying your identity on Cash App to increase your transaction limits and unlock additional features. For example, only verified accounts of users who are over 18 can access the Cash App Stocks and Cash App Bitcoin features. You can follow our guide on how to verify Cash App here.

#2 Adding Funds To Your Cash App Account

To send money on Cash App, you must have funds available. There are several ways to add money to your Cash App balance. The most common method is linking your bank account or debit card to Cash App. This will allow you to transfer funds from your bank account directly into your Cash App balance. Follow the in-app instructions to link your bank account or debit card securely.

Cash App also provides alternative methods to add money, such as using your Cash App referral code to earn free funds, receiving payments from other users, or setting up direct deposits for your paycheck or other regular payments.

#3 Sending Money On Cash App

Once you have funds in your Cash App account, you can send money to your desired recipient. Follow these simple steps:

• Step 1: Open the Cash App on your mobile device.
• Step 2: Look for the “Send” option, usually represented by a dollar sign ($).
• Step 3: Enter the amount to send and tap “Pay.”

• Step 4: Enter the recipient's information. It can be their $cashtag (Cash App username), phone number, or email address. You can also select someone from your contact list by giving Cash App access to your contact list through the “Enable Contacts” option.

• Step 5 (optional): Con can add a note to accompany the payment, although it’s not required.

• Step 6: Choose how you want the recipient to receive the payment, i.e., Cash, Stock, or Bitcoin.

• Step 6: Take a moment to review the transaction details, ensuring the recipient's information and the amount are correct.
• Step 7: Once you’re ready, tap the “Pay” button to initiate the transaction.

• Step 8: Confirm the payment using your PIN, Touch ID, or Face ID, whichever you've set up.

Sending Money To Non-Cash App Users

Cash App allows you to send money to non-Cash App users. However, the recipients must open a Cash App account to access the funds you send them. The process for sending money to non-Cash App users is the same as mentioned above.

Once the non-Cash App user receives the transfer, they will receive a notification and an invitation to download the Cash App and open an account. They must follow the instructions in the invitation to access the funds you sent.

However, the availability and functionality of the Cash App may vary depending on the recipient's location. If the recipient is in a country where Cash App is not supported, they cannot open an account and access the funds.

Sending Money Internationally With Cash App

If you have friends or family in the U.K., Cash App provides a straightforward process for sending them money from the U.S.—the process is the same as above. The only difference is Cash App will convert your local currency (USD) to GBP (British Pound) using the current exchange rates. So, it is crucial you review the conversion rate and ensure you're comfortable with the amount in GBP that the recipient will receive before confirming the transaction.

However, if you need to send money to countries outside the U.S. and the U.K., Cash App may not be the most convenient option. While it advertises itself as an international money transfer platform, its functionality is currently limited to transactions between the United States and the United Kingdom. If you attempt to send money to other countries, the recipient may receive an invitation to download the app and open an account, but they would be unable to do so. This means that Cash App's international reach is not as extensive as it may initially appear.

If you need to send money to countries outside the U.S. and the U.K., there are other options, including online banks like Wise. Wise offers competitive exchange rates and transparent fees, making it a popular choice for sending money globally. You can read our post on the best online banks in Canada to get more ideas.

Send Money To Your Bank Account

In addition to sending money to Cash App users, you can transfer funds from your Cash App balance to your linked bank account. Cash App refers to this process as “Cash Out.” Here's how to cash out money from your Cash App account:

• Step 1: Open the Cash App on your mobile device.
• Step 2: Go to the “Balance” tab.
• Step 3: Tap the “Cash Out” option.
• Step 4: Use the slider to select the amount you want to transfer. If you want a specific amount, use the text input and tap “Cash Out.”
• Step 5: Select the desired transfer speed: Instant or Standard. Instant transfers come with a fee and provide immediate access to your funds, while standard transfers are free but take 1-3 business days.
• Step 6: Confirm the transfer by authenticating with your PIN, Touch ID, or Face ID.

Understanding Cash App Fees And Limits

Cash App doesn’t charge a fee for sending or receiving money, not even internationally to and from the U.K. However, certain transactions may incur fees, such as instant transfers to your bank.

Cash App also limits the amount of money you can send and receive within a given time frame.

These limits may vary depending on factors such as your account verification status, transaction history, and the type of transaction (e.g., sending, receiving, or cashing out).

Cash App allows verifying your identity to increase your transaction limits. When you verify your account, you can access higher sending and receiving limits. Here's an overview of the fees and transaction limits for both verified and unverified accounts:

Transaction Type	Verified Account Limits	Unverified Account Limits	Fee
Sending/Receiving	Up to $7,500 within 7 days Up to $17,000 within 30 days	Up to $250 within 7 days Up to $1,000 within 30 days	Free
Cash Out	Up to $17,500 within 30 days Up to $4,000 within 7 days	Up to $1,000 within 30 days Up to $250 within 7 days	Free for standard deposits0.5% -1.75% per transaction for instant deposits

Key Features That Make Cash App Ideal For Sending Money

Some key features that make Cash App an ideal choice for sending money include:

• No fees on basic services: Cash App doesn't charge any fees to send or receive money. On top of that, there are no monthly fees, inactivity fees, or foreign transaction fees.
• Instant transfers: You can instantly send money to friends, family, or anyone on your contact list.
• Security and privacy: You get prioritized transaction security and privacy settings for added control.
• Cash Card: You can access your Cash App balance through a physical debit card for convenient in-store and online payments. The Cash Card (as Cash App calls it) allows you to make transactions and withdraw money from your Cash App account without connecting to a personal bank account or another debit card.
• Request money: You can easily request money from others for splitting bills or collecting payments.

Cash App’s Additional Features

In addition to the above money-sending features, Cash App also provides several benefits that enhance your overall experience:

• Free ATM withdrawals with direct deposit: When you set up direct deposit—another cool feature that Cash App offers for regular payments such as paychecks—you can enjoy free ATM withdrawals. Otherwise, the fee is $2 per withdrawal.
• Cash boosts: You can save money on purchases with specific vendors by activating “boosts” on your Cash App account. You can switch boosts as often as possible, taking advantage of various discounts.
• Referral bonuses: When you invite friends to join Cash App using your referral code, you receive a $15 bonus per friend who signs up. You can also receive your first $5 bonus by signing up with our referral code, 737GWQC.
• Investment opportunities: You can buy stocks with as little as $1 or as much money as you want to invest using your Cash App balance or linked bank account.
• Bitcoin compatibility: Cash App allows you to buy and sell Bitcoin. Although transaction fees apply, you can exploit market opportunities and invest in cryptocurrency the easy way.

How To Send Money On Cash App FAQs

Why can't I send money on Cash App?

If you can’t send money on Cash App, it may be because of the following reasons:

• You may have Insufficient funds in your Cash App balance or linked bank account.
• You may have reached your maximum weekly or monthly limit for sending out payments.
• Cash App may have flagged your account for suspicious activity.
• The recipient's Cash App account may have reached its receiving limit, possibly because it’s unverified or for another reason.

We recommend you review your account status, ensure you haven’t exceeded your limit or allowance, have sufficient funds, and verify the recipient's account to troubleshoot any issues. Contact Cash App customer support to air your concerns if this doesn't work out.

Why is Cash App charging me a fee to receive money?

Cash App typically doesn't charge a fee for receiving money. However, there are instances where certain transactions, such as instant transfers to your bank account, may incur fees. It's essential to review Cash App’s fee structure (provided above) to understand the specific circumstances in which fees may apply.

How does Cash App work without a bank account?

While having a linked bank account is the most common way to use Cash App, it's also possible to use Cash App without a bank account. Cash App offers alternative options for users to fund their Cash App account without having a linked bank account. Here are a few methods to add funds to your Cash App balance without a bank account:

1. Debit Card: You can add funds to your Cash App balance using a linked debit card, enabling you to make purchases, send money to other Cash App users, and access various features within the app.
2. Receiving Money From Another Cash App User: Cash App lets you receive money from other users directly into your Cash App balance. When someone sends you money through Cash App, it will be added to your account, providing you with available funds for transactions and purchases.
3. Direct Deposits: This feature lets you have your paychecks or other regular payments deposited directly into your Cash App balance, eliminating the need for a traditional bank account.
4. Deposits At Participating Retailers: Cash App offers a Cash Card—a customizable Visa debit card linked to your Cash App account. With this card, you can deposit cash at participating retailers at various locations.

These alternative funding methods allow individuals without a traditional bank account to use Cash App's services and perform transactions within the app.

How do I get money from Cash App without a card or bank account?

If you don't have a card or bank account, you can use Cash App Cash Card—a customizable Visa debit card linked to your Cash App balance to purchase or withdraw cash at ATMs.

How long does Cash App take to send money?

When you send money to other Cash App users, the balance reflects in their accounts instantly. However, there may be instances where transfers can take 1-3 business days, especially for standard transfers or when dealing with external factors such as bank processing times.

Can I send money to Cash App without an account?

No, you cannot send money directly to Cash App without having a Cash App account. To send money to someone on Cash App, you must have an active account and know the recipient's $Cashtag, username, email address, or phone number. The recipient must also have a Cash App account to receive the funds. If they don’t, they’ll receive an invitation to download the app and open an account.