Cash App has become an incredibly popular mobile payment app, allowing users to send and receive money, pay bills, and even invest in stocks and Bitcoin. One of the most convenient features of Cash App is the ability to withdraw funds from your account using a Cash App Card at an ATM. However, not all ATMs are created equal when it comes to Cash App withdrawals. In this article, we’ll explore the best locations to withdraw money from Cash App and provide tips on how to avoid unnecessary fees.
Best Locations to Withdraw Money from Cash App
When it comes to withdrawing money from your Cash App account, the location of the ATM can make a significant difference in terms of fees and convenience. Here are some of the best places to find a Cash App ATM and make a withdrawal:
In-Network ATMs
Cash App has partnered with several ATM networks to provide users with access to a wide range of in-network ATMs. These ATMs are typically found at gas stations, convenience stores, and other retail locations. The two main in-network ATM providers for Cash App are Allpoint and Pulse.
The benefit of using an in-network ATM is that you can withdraw money from your Cash App account without incurring any additional fees. Cash App will not charge you for using an in-network ATM, and the ATM owner will not impose any surcharges. To find an in-network ATM near you, simply use the Cash App ATM finder within the app.
Major US Commercial Banks
Another great option for withdrawing money from your Cash App account is to use an ATM at a major US commercial bank. Cash App allows users to withdraw funds for free at most commercial banks with assets over $300 million. Some of the most popular banks that offer free Cash App withdrawals include:
- Chase
- Bank of America
- Wells Fargo
- US Bank
If you have a Cash App Card, simply insert it into the ATM and enter your PIN to make a withdrawal. Keep in mind that while Cash App won’t charge you a fee for using a commercial bank ATM, the bank may still impose its own surcharge.
Out-of-Network ATMs
If you find yourself in a situation where you need to withdraw money from your Cash App account but can’t find an in-network ATM or a commercial bank, you may need to use an out-of-network ATM. While this should be a last resort, Cash App does offer some relief in the form of a reimbursement.
Cash App will reimburse you for one out-of-network ATM withdrawal per 31-day period, up to a maximum of $2.50. This means that if you’re charged a fee by the ATM owner for using an out-of-network machine, Cash App will cover that fee for you once per month. Just keep in mind that any additional out-of-network withdrawals will incur the standard Cash App Withdrawal Fee.
Cash App ATM Withdrawal Fees and Limits
Now that we’ve covered the best locations for withdrawing money from your Cash App account, let’s take a closer look at the fees and limits associated with Cash App ATM transactions.
Cash App ATM Withdrawal Fees
As mentioned earlier, Cash App charges a fee of $2.50 for ATM withdrawals, unless you’re using an in-network ATM or have received at least $300 in direct deposits to your Cash App account in the previous 30 days. This fee is in addition to any surcharges imposed by the ATM owner.
It’s important to note that the $2.50 fee applies to each individual ATM transaction, so if you need to make multiple withdrawals, the fees can quickly add up. That’s why it’s always best to use an in-network ATM whenever possible to avoid unnecessary charges.
Cash App ATM Withdrawal Limits
In addition to fees, Cash App also imposes certain limits on ATM withdrawals. The current ATM Withdrawal Limit for Cash App is:
- $1,000 per transaction
- $1,000 per day
- $1,000 per week
- $1,000 per month
These limits reset on a rolling basis, meaning that your daily limit will reset 24 hours after your first transaction of the day, your weekly limit will reset 7 days after your first transaction of the week, and so on.
If you need to withdraw more than $1,000 in a single transaction or day, you may need to explore other options, such as transferring funds from your Cash App account to your linked bank account and making a withdrawal from there.
Tips for Avoiding Cash App ATM Fees
While Cash App ATM fees are relatively low compared to some other payment apps and traditional banks, they can still add up over time. Here are a few tips for avoiding unnecessary fees when withdrawing money from your Cash App account:
Use In-Network ATMs
As we’ve discussed throughout this article, using an in-network ATM is the best way to avoid Cash App withdrawal fees. Always check the Cash App ATM finder before making a withdrawal to see if there’s an in-network option nearby. Allpoint and Pulse are the two main in-network providers, so keep an eye out for their logos when searching for an ATM.
If you can’t find an in-network ATM, consider waiting until you’re near a major commercial bank or can access an in-network location. A little bit of planning can go a long way in saving you money on ATM fees.
Set Up Direct Deposit
Another way to avoid Cash App ATM fees is to set up direct deposit for your paychecks or other regular income. If you receive at least $300 in direct deposits to your Cash App account each month, you’ll be eligible for unlimited free ATM withdrawals, even at out-of-network machines.
Plus, if you do happen to incur an ATM fee, Cash App will reimburse you for up to three fees per 31-day period, up to a maximum of $7 per reimbursement. This essentially gives you free ATM withdrawals as long as you maintain a steady stream of direct deposits.
Use Cash App’s ATM Finder
Finally, be sure to take advantage of the Cash App ATM finder feature within the app. This tool allows you to easily locate fee-free ATMs in your area, so you can avoid unnecessary charges and keep more money in your pocket.
The ATM finder is constantly updated with the latest information on in-network locations and surcharge-free options, so it’s always a good idea to check it before making a withdrawal. You can access the ATM finder by tapping the “Banking” tab in the Cash App home screen and then selecting “ATM Finder” from the menu.
By following these tips and being mindful of your ATM usage, you can make the most of your Cash App account and avoid costly fees. Whether you’re using your Cash App Card for everyday purchases or just need to make the occasional withdrawal, knowing where and how to access your funds is key to a positive Cash App experience.
See also:
- Where Can You Withdraw Money from Cash App for Free? Best Locations & Tips
- What should you do before you withdraw money from the ATM?
- Can You Withdraw Money from Cash App Card – Tips and Tricks
- Can I Withdraw Money from Any ATM? Tips and Guidelines
- How to Withdraw Money from Google Pay at ATM: Step-by-Step Guide