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Tip for iOS Users: How to Transfer Apple Cash To a Bank Account?

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Fan of Apple products and enjoy using Apple Pay? Well, the seamless transfer of Apple Cash to your bank account marks the onset of a new era in financial fluidity.

In a world where each tap and transaction leaves a distinct digital footprint, the prospect of converting virtual assets into tangible currency sparks intrigue.

Beyond the technicalities, this article invites you to contemplate the evolving landscape of money management, where a few clicks on your device redefine the way we perceive and leverage our financial resources.

What is Apple Cash?

Apple Cash is a USA-only feature of the Apple Wallet app for iOS and iPadOS. It enables users to seamlessly transfer and spend money.

Recipients can use the funds through Apple Pay, transfer them via Apple Cash, or withdraw directly to their bank accounts.

Can you transfer money with Apple Cash?

Functioning as a digital card in Wallet, Apple Cash facilitates quick transactions through Messages or Wallet. It adds flexibility and lets you spend money in stores, online, or within apps.

As a convenient financial service on iPhones, Apple Cash card serves various purposes, from iMessage transfers to earning up to 3% cash back through the Apple Card on specific purchases.

Users have multiple options for utilizing funds, commonly choosing transfers to a bank account or an eligible Visa debit card.

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How to transfer Apple Cash to a bank account or a debit card?

There are two delivery options for transferring money from Apple Cash to your bank account. You can use a standard bank transfer to send funds to your bank account, which takes up to three business days.

Another option is to use Apple’s Instant Transfer service, which sends funds within 30 minutes via an eligible debit card.

Instant transfer

Before you start, ensure your iPhone or iPad runs the latest iOS or iPadOS version and has an eligible debit card added to the Wallet app.

Follow these steps to initiate an Instant Transfer:

Step 1: Access your card info.

On iPhone, open the Wallet app, tap your Apple Cash card, select the More button, and then choose Transfer to Bank.

If you have an iPad, open the Settings app, tap Wallet & Apple Pay, select your Apple Cash card, and tap Transfer to Bank.

Step 2: Enter the desired amount and tap Next.

Step 3: Tap Instant Transfer.

If you haven’t added an eligible debit card, tap Add Card and follow the on-screen instructions to add a Mastercard or Visa debit card.

Step 4: Tap Transfer, then > to choose the desired debit card for fund transfer and select the billing information. Confirm transaction using Face ID, Touch ID, or your passcode.

And it’s done. Expect your funds to transfer within 30 minutes. If there are any issues, contact Apple support.

Keep in mind that instant transfers incur a nominal fee of one percent, with a minimum fee of $0.25 and a maximum fee of $10.

1-3 business days transfer

If you are not in a rush and want to transfer money to your bank account, you can choose

To make it follow these steps:

  1. Open the Wallet app and tap your Apple Cash card.
  2. Select the More button, and then choose Transfer to Bank.
  3. Enter the desired amount and tap Next.
  4. Select the 1-3 Business Days option. If you haven’t updated your bank account information, follow the on-screen instructions to do so.
  5. Tap Transfer, then confirm using Face ID, Touch ID, or your passcode.

It should take 1 to 3 business days to transfer funds. However, remember that banks don’t make transactions on weekends or bank holidays.

Apple Cash Family

Apple Cash Family enables you to establish Apple Cash for the children and teens within your Family Sharing group. This allows them to purchase and send/receive money through Messages or Wallets.

You can control who your child can send money to, receive notifications about their transactions, and secure their account by implementing locks.

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Apple Cash transfer limits

When transferring funds from Apple Cash to your bank account, adhere to set limits. The maximum per transaction is $10,000, and within seven days, you can transfer up to $20,000.

After reaching these limits, a waiting period is mandatory before further transfers. You also have the option to reduce the transfer amount.

The minimum transfer amount to your debit card or bank account is $1. You can transfer the entire balance if your Apple Cash balance falls below $1.

These limits apply exclusively to U.S. bank accounts. Standard transfers incur no fees, but Instant Transfers do.


Can you transfer your Apple gift card to your bank account?

Regrettably, this is not achievable. Redeemed gift card funds are essentially already spent and typically can only be used for Apple goods and services.

Can I withdraw Apple Cash at an ATM?

No, as the Apple Card does not offer cash advance features. It functions solely as a credit card for making purchases and does not support cash advances.

📚Related: Can You Use Apple Pay at ATM: A Modern Banking Revolution

How to add money to Apple Pay from your bank account?

Before transferring money to an Apple Cash card, you need to link the bank account to the payment app. To do so, click your Apple Cash Card on Apple Wallet and then tap on three dots on the top-right side of your screen.

There you’ll see the Card Details option. Click on it and then tap Bank Account. You can either add a new account or eliminate any currently linked ones. If you already have a connected account, selecting it enables you to modify the bank account information.

To authenticate and verify, Apple will transmit a trial deposit to your bank account. Typically, these deposits range between $0.5 and $1.

When you’re done, you can transfer money to Apple Cash. Click Add Money, enter the amount, and press Add. This is it.

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Živilė Šarkauskaitė

Živilė is a writer with a diverse background, having worked with tech start-ups and pioneering brands across various industries. Her profound interest in progress and innovation drives her to the field of Fintech, a realm that sparks her curiosity and inspires her to share insights with others.

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Please be advised that the information presented in this article is intended for general informational purposes only. It should not be construed as professional advice from swissmoney. It is important to note that swissmoney does not act as a financial adviser, and individuals are strongly encouraged to seek independent advice from qualified legal, financial, or accounting professionals before making any decisions related to cryptocurrency investments. Furthermore, investing in cryptocurrency assets carries inherent risks, and individuals should be aware that they may potentially lose all of their invested capital.
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