Does Cash App Have a Limit on Sending Money?

Cash App, a popular peer-to-peer payment service, allows users to send and receive money with relative ease. However, it does impose certain limits on the amount of money you can send. These limits can vary based on several factors including your account verification status, the type of transaction, and whether you're sending money to other Cash App users or external bank accounts.

Limits on Sending Money

Cash App’s sending limits are divided into two primary categories: unverified accounts and verified accounts.

For unverified accounts, which are those that have not completed the full verification process, the sending limit is generally $250 per week. This means that users can send up to $250 in a seven-day period without having to verify their identity.

Once an account is verified, which involves providing personal information such as your full name, date of birth, and the last four digits of your Social Security number, the sending limit increases significantly. Verified accounts can send up to $7,500 per week.

Verification Process

The verification process is designed to ensure the security and authenticity of the users. It typically involves submitting a government-issued ID, verifying your phone number, and sometimes even a selfie. Once verified, users also gain access to additional features, such as the ability to withdraw funds to an external bank account.

Transaction Types and Limits

There are different limits based on the type of transaction:

1. Standard Transactions: For most users, sending money to other Cash App users or paying for goods and services is subject to the weekly limits mentioned above.

2. Instant Transfers: Cash App offers instant transfers to linked debit cards, which can have additional fees. The amount you can transfer instantly may vary and is subject to limits set by both Cash App and your bank.

3. Direct Deposits: Cash App allows users to receive direct deposits. While there is no specific sending limit on these deposits, your ability to access funds may be impacted by the overall balance and any pending transfers.

How to Increase Your Limits

If you find that the default limits do not meet your needs, you can contact Cash App support to discuss potential increases. Generally, verifying your account and maintaining a positive transaction history can help in getting higher limits.

Summary

In conclusion, Cash App does have limits on sending money, which vary based on whether your account is verified or not. Unverified accounts have a limit of $250 per week, while verified accounts can send up to $7,500 per week. The type of transaction can also affect the limits and fees associated with it. By verifying your account and understanding the different transaction types, you can better manage your sending capabilities on Cash App.