It depends on the specific transaction. Receiving money on Cash App is generally free, as is sending money if you use your Cash App balance or a linked debit card. However, there are instances where Cash App charges fees.
When is Cash App Free?
- Receiving Money: Receiving money into your personal Cash App account is always free.
- Sending Money (Debit Card or Cash App Balance): Sending money using your linked debit card or your existing Cash App balance is also free.
When Does Cash App Charge Fees?
- Sending Money (Credit Card): Cash App charges a 3% fee to send money using a linked credit card.
- Instant Deposits: If you want to instantly transfer money from your Cash App account to your linked bank account, you will be charged a fee (typically 0.5% - 1.75% with a minimum fee of $0.25). Standard deposits are free but take 1-3 business days.
- ATM Withdrawals (without Cash Card Boosts): Cash App charges a $2 fee for ATM withdrawals using your Cash Card. However, Cash App may reimburse this fee if you use a boost.
- Using the Cash Card Internationally: There may be fees associated with using your Cash Card for transactions outside of the United States.
Summary Table
Transaction | Fee |
---|---|
Receiving Money | Free |
Sending Money (Debit Card/Cash Balance) | Free |
Sending Money (Credit Card) | 3% |
Instant Deposit | 0.5% - 1.75% (min $0.25) |
ATM Withdrawal (without Boost) | $2 |
International Cash Card Use | Variable (depending on the transaction) |
In conclusion, while many Cash App services are free, be aware of the fees associated with credit card transactions, instant transfers, and ATM withdrawals, especially if you are not using a Cash Card boost.