Apple Cash is easily relatable to a mobile payment and money transferring service using Apple Pay. However, many users continue to be lost in thought regarding how to transfer Apple Cash to bank account in order to use the money directly. In this guide, everything is explained step by step to help you to transfer your Apple Cash balance to your bank account easily.
What is Apple Cash?
Apple Cash is an electronic card which resides in your Apple Wallet and enables you to transact within the Apple environment. Apple Cash lets you pay for things, send or receive money, or even get cash back. However, if the money is held in a traditional bank account of Apple Cash then the user may need to learn how to transfer Apple Cash to bank accounts.
How to Transfer Apple Cash to Bank: 2021 Guide.
1. Make Sure You Use a Linked Bank Account
- To do this first, ensure that your Apple Wallet is connected to your bank account in case you wish to transfer your funds. Here’s how to do it:
- Turn on the Wallet application on your iPhone.
- Tap on your Apple Cash card.
- Navigate to settings by clicking the three dots at the right corner of the page.
- Under the Entity / Account Information section choose Bank Account and input all the necessary information including routing number and account number.
This step is very important in know-how in the process of transferring Apple Cash to bank.
2. Open the Wallet App
- After doing that, go to your iPhone and open your Wallet app. Choose the Apple Cash card to initiate the process of the transfer.
3. Access the Transfer Option
- If you have chosen the Apple Cash card, right-click the three lines stack available in the upper right corner.
- In the below drop down of settings, look for Transfer to Bank and select it.
- This remains the initial process when it comes to how to move Apple Cash to bank.
4. Enter the Transfer Amount
- The targeted currency amount that you want to transfer will be entered by you.
- Before proceeding make sure to enter amount that you want to transfer from your Apple Cash balance to your bank account.
5. Choose Transfer Speed
When transferring money, you have two options:
1. Instant Transfer: Withdrawals will take only several minutes and come with a 1.5% flat fee, paid at a minimum of $0.25 and a maximum of $15.
2. Standard Transfer: This method is chargeable whereby it may take upto 1-3 business days.
Choosing the right transfer speed is one of the critical factors in the general process of the Apple Cash transfer to bank accounts.
6. Confirm the Transfer
Last of all, authenticate the confirmation via your Face ID, Touch ID or passcode that you create on the account. This means once they are confirmed, your Apple Cash will be deposited to your bank account within the transfer time you chose.
Most Common Questions About How To Transfer Apple Cash To Bank
Q. Can I Use Apple Cash to Pay for Any Bank Account?
Certainly, if your bank account has been connected to your Apple Wallet, you can move money from Apple Cash. However, this is part of the process of how to transfer Apple Cash to bank accounts .
Q. What Is the Largest Sum I Can Transfer?
Moreover, You can only transfer a maximum of $10000 per transfer and $20000 per week. It is important to understand these limitations when considering how to transfer Apple Cash to bank accounts, especially for bigger amounts.
Q. Does It Cost Money to Move Apple Cash to Bank?
All other types of transfer are free of charge but in case you want an instant transfer, then Apple takes 1.5% of the amount to be transferred. To determine the appropriateness of rational decisions when transferring Apple Cash to bank accounts, it is essential to identify related costs because of differences in urgency.
Conclusion
Actually, when you want to move your Apple cash to the bank the following steps will help you: Whether one needs the money in their account immediately or they can wait sometimes within the next few days, there are always opportunities on how Apple Cash transfers to bank accounts. By following this guide, you’ll be able to move your money effortlessly and make the most of your Apple Cash balance.
