How To Use Cash App
Cash app is a financial application that is back up by square who does credit card processing. This important because it brings a certain level of credibility to the service. Even though the service is mostly used by a segment of the population that is not served by the traditional financial system; reports have emerged of the increasing mainstream popularity.
This is a peer to peer app, you can send and receive money easily utilizing the app. you have to send at least $5. The app is a great way to strengthen communities financially. You can link up your bank details. Also, you can opt to receive a debit card. You can design an especially signature feature to personalize your style.
Advantages of cash app
- Receive and send money instantly
- Receive a discount when you use the app to purchase some specific products.
- Access to a debit card issued by Sutton Bank
- Direct deposit is powered by Lincoln Savings Bank which gives the card a routing number and a new account number.
- Can be used to split bills among friends or relatives
To learn more about the app Watch this great tutorial by LaLas World
However, unlike a bank account, it is extremely easy to be scammed. So I will recommend to double check the receiver’s details before sending any money.
ATM Withdrawal Limit
Cash Card lets you withdraw cash from ATMs up to $250 per transaction $1,000 in any 24-hour period $1,000 in any 7-day period $1,250 in any 30-day period. Please note: when checking your balance at an ATM you will always see a $0 balance.
Cash App lets you send up to $250 within any 7-day period and receive up to $1,000 within any 30-day period. You can increase these limits by verifying your identity using your full name, date of birth, and the last 4 digits of your SSN.