The paragraphs of this article feature interesting pieces of information that will serve the benefit of all Cash App users. How much does Cash App charge?
Almost every user or yet-to-be user of this mobile fintech is likely to ask this question just to find out how much the services of this mobile app will cost him/her.
You don’t need to panic, and this guide has all the essentials regarding the fees users are bound to pay for using Cash App.
Just to serve as a bit of relief, not all the services on the Cash App platform come with service fees. Some are free. This soothes the ears, I guess.
With the various range of services and how these services are carried out, you may likely think, just like me, the charges will be for using the Cash App.
Kindly let’s fast-forward to find out how much Cash App charges.
Table of Contents
How Much Does Cash App Charges
With Cash App, the charges that you can incur are mostly transaction charges. There is nothing like an account maintenance fee per month or year.
The following are some of the charges associated with using the Cash App mobile service:
Instant deposits have a fee ranging from 0.5% to 1.5% of the amount being transacted. The minimum charge is $0.25. However, Cash App Standard deposits come with no transaction fee.
The reason for this is that the Instant deposits are real-time (reflected in your account once done), whereas the Standard deposit takes a maximum of 3 days.
There is a charge of 3% when you send funds via credit card.
Cryptocurrency transactions are assigned a charge of 2% to 3% (not at a fixed rate)
Cash App ATM Charges
The charge allocated for using your Cash Card at an ATM is $2. This fee applies to the purpose of financial transactions, and it only applies to Cash App. This means that provided the ATM provider charges for external cards. Then you may need to pay extra more.
Cash App Transfer Fees
Sending money on Cash App rarely comes with charges unless in other circumstances. The charges for transferring money on Cash App depend on the payment channel you choose.
When you send money via a credit card on Cash App, you are charged a 3% fee on the amount transferred.
Can I Avoid Cash App Fees
Yes, there is a slight chance that users can avoid being charged using Cash App. This will require you to always transact money using the money on your bank account linked to your Cash App account.
This is all that we have for you on How much does Cash App charge.