If you haven’t already heard, Cash App is another convenient peer-to-peer transfer service taking the world of transactions by storm. If you’re a prospective or current Cash App user, then you may be wondering if there are any Cash App limits.
If so, stay along for the ride and take a look at spending, sending and withdrawal limits, as well as how to increase your Cash App limit.
If already here, let's compare these limits with Wise’s limits, so you can see which is best for you.
Cash App sending limit - how to increase it
How much you can send and receive differs depending on whether your Cash App account is verified or not. If you verify your account, your Cash App limit will increase.¹
Although there’s no Cash App daily limit, with an unverified account you’re limited to receiving $1,000/month. You’re also restricted to a Cash App weekly sending limit of $250.²
To verify your account, all you have to do is:
Open the app
Try to send a payment of more than $250
Cash App will automatically prompt you to verify your account, so follow the steps
Provide your full name, date of birth and the last four digits of your social security number
Complete the remaining steps and submit the verification form¹
If Cash App is happy with the information you provided, then they’ll verify your account. This will allow you to increase your Cash App sending limit from $250/week to $7,500/week and your receiving limit will become unlimited.²
Here are the Cash App limits for verified versus unverified accounts, as well as a comparison with Wise’s sending limits.
Cash App withdrawal limit
Unlike with Cash App sending limits, you can’t increase your Cash App withdrawal limit, regardless of whether or not your account is verified.
Here are the Cash App ATM limits as well as the limits for Wise,