Apple Cash is a convenient way to send and receive money with friends and family, and it’s also a great way to make purchases online and in-store. If you have an Apple Cash balance that you want to transfer to your bank account, there are a few easy steps you can follow.
Before you can transfer money from Apple Cash to your bank account, you must add your bank account to your Apple Cash account. To do this, open the Wallet app on your iPhone and tap on the Apple Cash card. Then, tap on the three dots in the top-right corner of the screen and select "Bank Accounts." Tap on "Add Bank Account" and follow the instructions to enter your bank account information.
Once you’ve added your bank account to your Apple Cash account, you can transfer money to your bank account by following these steps:
How to Transfer Apple Cash to Bank
Follow these steps to easily transfer money from Apple Cash to your bank account:
- Open Apple Cash app.
- Tap on Bank Accounts.
- Select your bank account.
- Enter the amount to transfer.
- Tap on Transfer.
- Review the transfer details.
- Confirm the transfer.
- Your money will be deposited in 1-3 business days.
You can also set up automatic transfers to your bank account by following these steps:
Open Apple Cash app.
To transfer money from Apple Cash to your bank account, you'll need to open the Apple Cash app on your iPhone. Here's how to do it:
1. Make sure you have the latest version of iOS installed on your iPhone.
2. Tap on the Wallet app icon on your home screen. It's a black app with a white wallet icon.
3. If you have multiple Apple Cash cards, tap on the one you want to use.
4. Enter your Apple ID password or use Face ID or Touch ID to sign in.
Once you're signed in, you'll see your Apple Cash balance and a list of recent transactions. You're now ready to transfer money to your bank account.
Tap on Bank Accounts.
Once you're in the Apple Cash app and have selected the Apple Cash card you want to use, tap on "Bank Accounts" in the bottom-right corner of the screen.
If you haven't added a bank account to your Apple Cash account yet, you'll need to do so before you can transfer money. To add a bank account, tap on "Add Bank Account" and follow the instructions on the screen. You'll need to provide your bank account number and routing number.
If you have already added a bank account to your Apple Cash account, you'll see a list of your bank accounts. Tap on the bank account that you want to transfer money to.
Once you've selected the bank account you want to transfer money to, you're ready to enter the amount you want to transfer.
In the next section, we'll explain how to enter the amount you want to transfer and complete the transfer process.
Select your bank account.
Once you've tapped on "Bank Accounts" in the Apple Cash app, you'll see a list of your bank accounts. If you have multiple bank accounts linked to your Apple Cash account, you'll need to select the one you want to transfer money to.
To select your bank account, simply tap on it. The bank account you select will be highlighted in blue.
If you don't see the bank account you want to transfer money to, you can add it by tapping on "Add Bank Account" at the bottom of the screen. You'll need to provide your bank account number and routing number.
Once you've selected the bank account you want to transfer money to, you're ready to enter the amount you want to transfer.
In the next section, we'll explain how to enter the amount you want to transfer and complete the transfer process.
Enter the amount to transfer.
Once you've selected the bank account you want to transfer money to, you need to enter the amount you want to transfer.
To do this, tap on the "Amount" field. A numeric keypad will appear. Use the keypad to enter the amount you want to transfer. You can also use the "." button to enter a decimal point.
As you type, the amount you're transferring will be displayed in the "Amount" field. You can also tap on the "Max" button to transfer the maximum amount of money available in your Apple Cash balance.
Once you're satisfied with the amount you've entered, tap on "Next" in the top-right corner of the screen.
In the next section, we'll explain how to review the transfer details and complete the transfer process.
Tap on Transfer.
Once you've entered the amount you want to transfer and reviewed the transfer details, you're ready to complete the transfer.
- Confirm the transfer details.
Before you tap on "Transfer," make sure you've entered the correct amount and selected the correct bank account. You can also tap on "Edit" to change the amount or bank account.
- Review the transfer fee.
Apple Cash charges a fee of 1.5% for instant transfers. If you choose to make a standard transfer, which takes 1-3 business days, there is no fee. The transfer fee will be displayed on the confirmation screen.
- Tap on "Transfer."
Once you're satisfied with the transfer details, tap on "Transfer" in the top-right corner of the screen. You'll be asked to confirm your Apple ID password or use Face ID or Touch ID to complete the transfer.
- Your transfer is complete!
Once you've confirmed your password or used Face ID or Touch ID, the transfer will be complete. You'll see a confirmation message on the screen. The money will be deposited into your bank account within 1-3 business days if you chose a standard transfer or instantly if you paid the 1.5% fee.
That's it! You've successfully transferred money from Apple Cash to your bank account.
Review the transfer details.
Before you tap on "Transfer," it's important to review the transfer details carefully to make sure everything is correct.
The transfer details include the following:
- The amount you're transferring.
- The bank account you're transferring the money to.
- The transfer fee (if applicable).
- The estimated transfer time.
To review the transfer details, simply tap on the "Review Details" link below the "Amount" field. A new screen will appear with all of the transfer details.
If you need to make any changes, tap on the "Edit" button in the top-right corner of the screen. You can then change the amount, bank account, or transfer fee.
Once you're satisfied with the transfer details, tap on "Transfer" in the top-right corner of the screen. You'll be asked to confirm your Apple ID password or use Face ID or Touch ID to complete the transfer.
Confirm the transfer.
Once you're satisfied with the transfer details, you need to confirm the transfer.
- Review the transfer details one last time.
Before you tap on "Confirm Transfer," take a final look at the transfer details to make sure everything is correct. You can also tap on "Edit" to change the amount, bank account, or transfer fee (if applicable).
- Enter your Apple ID password or use Face ID or Touch ID.
Once you're certain that the transfer details are correct, you need to confirm the transfer by entering your Apple ID password or using Face ID or Touch ID. This is a security measure to help protect your Apple Cash account from unauthorized transfers.
- Tap on "Confirm Transfer."
After you've entered your password or used Face ID or Touch ID, tap on "Confirm Transfer" in the top-right corner of the screen. The transfer will then be processed and the money will be deposited into your bank account within 1-3 business days (or instantly if you paid the 1.5% fee).
- You'll receive a confirmation message.
Once the transfer is complete, you'll receive a confirmation message on the screen. You'll also receive an email confirmation from Apple.
That's it! You've successfully transferred money from Apple Cash to your bank account.
Your money will be deposited in 1-3 business days.
After you've confirmed the transfer, the money will be deposited into your bank account within 1-3 business days.
- What are business days?
Business days are Monday through Friday, excluding federal holidays. So, if you transfer money on a Friday, it may not be deposited into your bank account until the following Tuesday.
- Why does it take 1-3 business days?
It takes 1-3 business days for the transfer to be processed by both Apple and your bank. Apple will typically process the transfer within one business day, but it may take longer for the money to appear in your bank account depending on your bank's processing times.
- Can I make the transfer faster?
Yes, you can pay a 1.5% fee to make the transfer instant. If you choose this option, the money will be deposited into your bank account within minutes.
- What if I don't see the money in my bank account after 3 business days?
If you don't see the money in your bank account after 3 business days, you should contact Apple Support. They will be able to help you track down the transfer and make sure that the money is deposited into your account.
That's it! You now know how to transfer money from Apple Cash to your bank account.
FAQ
Here are some frequently asked questions about how to transfer money from Apple Cash to your bank account:
Question 1: How long does it take to transfer money from Apple Cash to my bank account?
Answer 1: It takes 1-3 business days for the transfer to be processed by both Apple and your bank. You can pay a 1.5% fee to make the transfer instant.
Question 2: What is the fee for transferring money from Apple Cash to my bank account?
Answer 2: There is no fee for standard transfers that take 1-3 business days. There is a 1.5% fee for instant transfers.
Question 3: Can I transfer money from Apple Cash to any bank account?
Answer 3: Yes, you can transfer money from Apple Cash to any bank account in the United States.
Question 4: What is the maximum amount of money I can transfer from Apple Cash to my bank account?
Answer 4: The maximum amount of money you can transfer from Apple Cash to your bank account is $10,000 per day.
Question 5: What if I don't see the money in my bank account after 3 business days?
Answer 5: If you don't see the money in your bank account after 3 business days, you should contact Apple Support.
Question 6: How do I set up automatic transfers from Apple Cash to my bank account?
Answer 6: To set up automatic transfers, open the Apple Cash app, tap on your bank account, and then tap on "Set Up Automatic Transfers." You can then choose the amount and frequency of the transfers.
Question 7: Can I cancel a transfer after I've started it?
Answer 7: No, you cannot cancel a transfer once you've started it.
Closing Paragraph for FAQ: If you have any other questions about transferring money from Apple Cash to your bank account, please contact Apple Support.
Now that you know how to transfer money from Apple Cash to your bank account, here are a few tips to make the process even easier:
Tips
Here are a few tips to make transferring money from Apple Cash to your bank account even easier:
Tip 1: Set up automatic transfers.
If you regularly transfer money from Apple Cash to your bank account, you can set up automatic transfers. This way, you don't have to worry about manually transferring the money each time.
Tip 2: Use a bank account that supports instant transfers.
Some banks offer instant transfers from Apple Cash. This means that the money will be deposited into your bank account within minutes, rather than 1-3 business days. To find out if your bank supports instant transfers, contact your bank or check their website.
Tip 3: Keep your Apple Cash balance topped up.
This will ensure that you always have enough money in your Apple Cash account to cover your transfers. You can add money to your Apple Cash account using a linked bank account, debit card, or credit card.
Tip 4: Be aware of the transfer limits.
There is a daily transfer limit of $10,000 from Apple Cash to your bank account. There is also a weekly limit of $20,000.
Closing Paragraph for Tips: By following these tips, you can make transferring money from Apple Cash to your bank account quick, easy, and convenient.
Now that you know how to transfer money from Apple Cash to your bank account, as well as some helpful tips, you can easily move your money between these two accounts.
Conclusion
Transferring money from Apple Cash to your bank account is a quick and easy process. Here are the main points to remember:
- Open the Apple Cash app and select the bank account you want to transfer money to.
- Enter the amount of money you want to transfer and review the transfer details.
- Confirm the transfer and enter your Apple ID password or use Face ID or Touch ID.
- The money will be deposited into your bank account within 1-3 business days (or instantly if you pay a 1.5% fee).
You can also set up automatic transfers from Apple Cash to your bank account. This is a convenient way to make sure that you always have money in your bank account to cover your bills and other expenses.
Closing Message: If you have any questions about transferring money from Apple Cash to your bank account, please contact Apple Support.