Tuesday 31 December 2019

'How much can you send on Cash App?': It depends on whether or not your account is verified — here's what you need to know


cash app google play store

You can set up and start using a Cash App account in about three minutes. All you need to do is download the app, connect it to your phone number, email address, and bank account, and then transfer some funds to start sending and receiving money.

How much money you can send on Cash App depends on account verification

You can't send large amounts of money with an unverified Cash App account. Cash App limits unverified accounts to a $250 send limit in a 7-day period, regardless of whether that's one lump sum or spread out over myriad transactions. An unverified Cash App account is also limited to receiving $1,000 in a 30-day stretch of time.

If you want to send and receive more money, you need to go through a process of account verification. This process will be automatically initiated when you try to send an amount greater than the $250 limit imposed on non-verified accounts, or when someone tries to send you more than the $1,000 limit.

How much can you send on Cash App

Verifying your account usually means sharing your social security number, full name, and your date of birth, but the app also says that more information may be requested in some cases if this data is not sufficient.

With a verified account, you can send up to $7,500 per week and receive an unlimited amount of money. 

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1 comment:

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