A few years ago, Apple introduced and launched its new Apple Wallet, which offers digital alternatives to your physical debit and credit cards, and most recently, Apple Cash, which allows users to send money through the iOS operating system. Apple Cash can be used with a wide range of different Apple devices, from iPhone 6 and up to iPad Air 2 or later.
Apple users interested in how to transfer Apple Cash to bank accounts may be interested in this quick guide that details the process for transferring Apple Cash to your bank account or debit card if you prefer a faster transaction.
Apple Cash was formerly known as Apple Pay Cash and is a digital card in Wallet that allows you to send and receive money in messages or Wallet. If someone sent you money using this method and you would like to transfer it to your bank account, just follow the instructions below.
It’s worth remembering that you’ll need a compatible bank account to make transfers, and it currently needs to be in the United States and compatible with Apple Cash. While Apple is working hard to roll out this feature to more countries around the world, we will keep this guide updated.
Transfer Apple Cash to a bank
1. Open the Apple Wallet app.
2. Select your Apple Cash card
3. Click on the three dots… to open the “More” menu.
4. Then select the “Transfer to Bank” option.
5. Enter the amount of Apple Cash you want to transfer to your bank.
6. Click the “Next” button.
7. Finally, confirm the transaction and your Apple Cash will be transferred to your bank.
If you don’t have a bank account associated with your Apple Wallet, you’ll need to follow Apple’s onscreen instructions to add 1 to your Apple Wallet. Once this is added, the transfer will take 1 to 3 business days depending on your bank. It’s also worth remembering that, just like with bank accounts, you’ll need an Apple Cashcompatible debit card to withdraw and transfer funds. Only US banks are supported at this time, and you’ll need to check with your banking provider to see if they offer services compatible with Apple Cash.
Another handy feature is the ability to transfer Apple Cash to your debit card, which is similar to a transfer to your bank account, although you can use this method if you don’t currently have a bank account connected to your Apple Wallet but do have a debit card. . To transfer Apple Cash to a bank debit card, follow the instructions below. It is worth noting that this is an instant transfer option, eliminating the need to wait 1 to 3 days for a bank transfer to complete. After you have completed the transfer to your debit card, the funds should be available within 30 minutes.
Transfer Apple Cash to Debit Card
1. Open the Apple Wallet app again.
2. Select an Apple Cash card
3. Click on the three dots … to bring up an additional menu.
4. Select the “Transfer to Bank” option.
5. Enter the amount you want to transfer
7. Select the debit card you wish to transfer funds to using the > button.
8. Finally, confirm your choice.
Although the funds should be available within 30 minutes, it is worth noting that Apple users sometimes experience transfer delays and payment processing does not occur on weekends or holidays. This is worth remembering if you need to transfer some of your friends at the end of the week, as the transfer will take longer to process. Apple also has limits on the amount of money you can withdraw to your bank account in a given period, with a limit of $10,000 per transaction and a sevenday limit of $20,000 per bank account.
If you’re having trouble transferring funds using Apple Cash or the Wallet app on your iPhone or iPad, it might be worth contacting Apple Support or your bank to make sure they support Apple Cash first.
Headings: Apple, Guides
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