Transferring Apple Cash to your bank account is not a big deal, since Apple Cash allows subscribers to carry out financial transactions like sending and receiving money via any Apple device. Just like other debit card, it can be utilized on the Wallet app.
Interestingly, there are two different options to transfer money from an Apple cash card to the Messenger app. You can either use a linked bank account or transfer to an eligible debit card in your personal Wallet.
But if you don’t know How To Transfer Apple Cash To Bank, no worries as this write up is designed to walk you through the simplified processes.
Meanwhile, Transferring Apple Cash To Bank may take different duration for the transaction to be completed depending on the method that you opt for.
Whichever way, How To Transfer Apple Cash To Bank is not a straightforward task because it is totally dependent on the iDevice that you use to carry out the transaction. But all the same, let’s quickly go through it together.
How To Transfer Apple Cash To Bank Account
There are majorly two ways to effortlessly transfer the money in your apple cash to bank. To get started, kindly follow the below methods;
- Instant Transfer which takes about 30 minutes for the transaction to be completed, but fees inclusive.
- Standard transfer which takes about 1-3 business days for the transaction to be completed, but it is free.
However, the two methods are good depending on your choice. For Instant Transfer, Follow These Below Procedures
Navigate to your card information:
On iPhone
- Go to the Wallet app.
- Click on your ‘Apple Cash’ card.
- Click on the “More button”.
On iPad
- Go to the settings app and open it.
- Click on “Wallet and Apple Pay”.
- Click on Apple Cash card.
At this stages for both iPhone and iPad, continue the transfer by
- Click transfer to Bank.
- Fill in the exact amount and click “Next”.
- Click on “Instant Transfer”.
N/B: If you have not added an active debit card, Do this:
- Click on Add Card.
- Follow the onscreen instructions to enable you add either a Mastercard or Visa debit card.
- At this point, click to choose your preferred debit card that you want to transfer funds to. Hence, select the billing information for the debit card you chose.
- Finally, your funds will be transferred under 30 minutes and you are done.
For Transfers (Standard) That Will Be Completed Between 1 To 3 Business Days To A Bank Account, Do This:
Navigate to your card information:
On iPhone:
- Go to the Wallet app and open it.
- Click on your Apple Cash Card.
- Click the more button.
On iPad
- Go to the “Settings app” and open it.
- Click on Wallet and Apple Pay.
- Click on your Apple Cash Card.
At this stages for both iPhone and iPad, continue the transfer by
- Click on Transfer to Bank.
- Fill in the exact amount and click Next.
- Click 1-3 business days.
But if your account isn’t set up already, you will need to follow the onscreen instructions to do that.
- Verify and confirm your Face ID, Touch ID, or passcode depending on security code that your device has.
- Finally, you need to wait for between 1-3 business days for the money to be transferred.
How To Update Your Bank Account On Apple Cash
Navigate to your card information;
On iPhone
- Go to the Wallet app and open it.
- Click on your Apple Cash Card.
- Click the more button.
On iPad
- Go to the “Settings app” and open it
- Click on Wallet and Apple Pay
- Click on your Apple Cash Card
At this stages for both iPhone and iPad, continue the process of updating by
- Click Bank
- Click on the particular bank account you want to update
- Now, you need t delete your banking information by clicking on “Delete Bank Account Information”
- Click on ‘Again’ to confirm
- Once you are done deleting, you then add yi bank information again or if you wish, you can add different information
- In order to edit your bank information, click next which is close to your routing number or account number
- Add the relevant information
- Verify and confirm the numbers
- Click next and you are good to go
N/B; Once you update your bank information one one device, it will automatically reflect and update on all other devices where you have signed in or registered with your Apple ID.
Apple Cash Transfer Limit
With Apple Cash, it is possible to transfer up to $10,000 per transfer and you can transfer up to $20,000 on weekly basis to your bank account. But this transfer can only be carried within financial institutions located in the United States.
The good news is that there are no charges or fees to transfer money from Apple Cash to your bank account except you opt for Instant Transfer.
But if you didn’t receive your transfer within the stipulated time, go and check your bank statement to know whether the transfer has been processed or not.
Meanwhile, bank transfers are not deposited on holidays or weekend. Hence, your transfer can only be processed on business days.
However, for Instant Transfer if after two hours you didn’t receive the transfer, contact their customer support number and for standard transfer, if after three business days and you don’t receive the money, don’t hesitate to contact their customer support service.
If you also realize that you filled in the wrong bank account or routing number, do well to contact Apple Cash.
What To Do If You Can’t Transfer Money From Apple Cash To Your Bank
- Search for iPadOS, iOS, or watchOS updates
- Ensure that your iDevice is compatible with Apple Cash
- Ensure that you have a cellular data connection or Wifi
- If your money transfer is to a debit card, ensure that it is an eligible debit card.
The Eligiblity Criteria To Meet Before Using The Standard Transfer Method (1-3 Business Days) & Instant Transfer
You should try transferring after each steps below
- Ensure that you enter an eligible United States bank account correctly
- For instant transfer, the billing address that aliens with your selected debit card is used
- Cross check transfer limits. The minimum amount you can transfer is $1 while the maximum amount you can transfer per transaction is $10,000
- Ensure that you don’t use accents when fill in your name
- And after these procedures and you still can’t transfer, then you need to verify your identity.
Why Won’t My Apple Cash Transfer To My Debit Card?
Apple Cash doesn’t transfer money to a debit card. As a matter of fact, Apple Cash can only transfer money to your bank account.
Does Apple Cash Transfer To Bank?
Yes, Apple Cash transfer money to bank.
It doesn’t charge fees for the transfer unless you want to use Instant Transfer where they charge 1.5% fee which will be deducted automatically per transaction.
How Long Does Apple Cash Take To Transfer To Bank?
Depending on the methods you choose, for Instant Transfer, it is just within 30 minutes but it attracts fees but for standard transfer which is free, it takes about 1 to 3 business days to complete the transaction.
Conclusion
When transferring money from Apple Cash to your bank account, ensure that your iDevice is compatible with Apple Cash and confirm your details before hitting the transfer button to avoid sending it to wrong account.