Are you searching for whether Cash App Card can be used at ATM? The answer is yes. You can use the Cash App Visa debit card to access money at an ATM.
If you are using your card to withdraw funds, you can access the money in your Cash App account and not a bank account.
With ATM access, you don’t need to transfer money from the Cash App to your bank account to make withdrawals. There is no need to wait for at least a day to make payment from Cash App to a bank account. You can simply slot your Cash App into an ATM to make a withdrawal.
The maximum amount that can be withdrawn at an ATM when using a Cash card is $250 per transaction, $250 per 24-hours, $1000 per week, and $1250 per month.
There is no restriction about the types of ATMs you can withdraw your money from. You can complete the ATM cash withdrawal process by entering the PIN provided with the Cash App card.
To withdraw money from an ATM you will not require to pay extra charges to Square but it depends on the organization to which the machine belongs.
Why Is Cash App Card Being Used for ATM Withdrawals?
The popularity of Cash App has been growing as a mobile payment app, the process of having deposit money to a bank account before you can withdraw is difficult.
This is the major reason for the introduction of the ATM withdrawal feature and has been made possible by the following:
- Generally, people prefer to use ATM to make their payments, so the bank branches’ popularity has been on a downward trend, and ATM remains very popular. In the U.S, over 61 percent of the customers withdraw their money from ATM monthly. It does not matter how old or young you one is.
- Most of the adults who are not been roped into the mainstream banking sector in the US have been using Cash App for some period. It means that this huge demographic can be brought into the mainstream through the introduction of the Cash App Card ATM withdrawal feature.
If you do not yet start using Cash App, this new feature should be reason enough for you to start using it now.
There are service providers who try to enter into the P2P payment ecosystem, Cash App is seeking to maintain a competitive edge on the entire industry.
This is best for you as a Cash App user, as well as the company itself. With the ATM feature, things can only get brighter.