CashApp is one of the best and the most popular money transfer services that allow you to send and receive money without any interest in charging you crazy fees. Their CashApp card also comes in handy in the case where you may need to withdraw cash directly from an ATM.
However, you are probably wondering; is there any free ATM for Cash App? Are there ATMs that you can use to withdraw money from your CashApp card without being charged a dollar? Well, read on to find out.
What Bank Does Cash App Use for ATM
If you use Cash App and you have the card then you know that it is issued by Sutton Bank. This doesn’t usually get connected to any other bank accounts or any other debit cards and is unique to your Cash App account.
However, cash cards work well at any ATM, meaning you can withdraw your money from any ATM closest to you at any time. Note that, most ATMs charge more for cards that belong to a different bank, with $2 charged for Cash App.
How to Withdraw Money from CashApp
Before we get into withdrawing money from ATMs with a Cash App card, let’s take a look at how you would normally withdraw money from your CashApp wallet to your account (or rather deposit money from CashApp to your bank account). Note that you have to link a bank account to your CashApp for you to be able to make money transactions.
To do this on your phone, follow this step by step guide;
- Now that you have your CashApp already downloaded and set up on your phone (compatible with both android and iPhone), open it.
- At the bottom left corner of the home screen, there is a “banking” icon, (looks like a house or bank), tap on it.
- Go to “Cash Balance” and select “Cash Out”
- A menu will then appear on your screen with your full balance. Select the “Standard” option and wait for your money to appear in your bank account balance within three days.
There is also an instant option to withdraw money instantly if you are in an urgent position. However, this will cost you a 25 cents fee.
Is There Any Free ATM for Cash App Withdrawal
If you are a CashApp cardholder, then you already know that you can use the card to withdraw money in any ATM where VISA is accept. And, if you have withdrawn money before from CashApp on an ATM, you probably also already know that there is a percentage of fees associate with every transaction.
So the question is; can you find any free ATM for Cash App? Fortunately, there is actually a way you can withdraw CashApp money from an ATM for free. While there is a $2 fee charged by Cash App for any withdrawal made in any ATM in the US, you can take advantage of the CashApp program described below, to withdraw for free.
How to Withdraw Money from CashApp for Free
The trick to withdrawing money from CashApp for free on any ATM is by making sure you top up at least $300 every month. This is because CashApp removes any ATM fees up to $7, for deposits of a minimum of $300 every 31 days.
Simply put, if you top up your wallet with at least $300 every month, then CashApp will take care of the ATM fees you incur.
In another perspective, by becoming a loyal CashApp user and keeping your account busy, putting money in every now and then, (up to at least $300) every month, CashApp will reimburse all your ATM fees for that month.
However, everything that has an advantage also has some downsides to it. There are some limitations to this too. Check them out below;
CashApp Per Purchase Fee
CashApp has a per purchase fee charged on every transaction made to purchase any item or pay for any service. If you don’t want to incur any card fees, then don’t use your card to purchase or pay for anything.
Instead of paying for the products and services directly from the card, you will avoid the fees by withdrawing the money first. Make sure to follow the advice on this guide to avoid ATM fees.
The $2/ Transaction ATM fees
As discussed above, CashApp will reimburse all your ATM fees but with conditions;
- Only if you made deposits of more than $300.
- They only do it for three charges within 31 days.
- You get a $7 reimbursement for each charge.
This means that if you make two withdrawals charged at $6 each, and another one charged at $10 for a month, you will still need to pay a $1 ATM fee for that month.
To avoid these fees, you need to deposit $300 or more in your CashApp wallet in the initial month, and the same amount, or even more every month after that. Otherwise, you will get charge $2 for every ATM withdrawal.
This system may be tricky to understand, but it’s better to do your research to avoid getting caught off guard. While this sounds like a lot, it is important to make a point to deposit $300 every month in your CashApp wallet.
It is also understandable that not everyone can deposit that amount of money on CashApp just to prevent ATM fees. If you are one of these people, it is advisable not to withdraw money from ATMs from your CashApp, until you can.
CashApp Customer Support
If things get complicate, you can always contact CashApp customer support for help anytime. There are a couple of ways you can reach out to them. The Frequently Asked Questions (FAQ) is a great resource to find most solutions to problems associated.
You can also opt to call them and speak to a CashApp customer representative through 1 (800) 969-1940, email them, send a mail to their physical address, or use the live chat option.
Conclusion
CashApp is with no doubt one of the best mobile bank apps. It simplifies the process of sending and receiving money, making it super easy and convenient for everyone. However, when it comes to ATM fees, it could get really complicated and awkward.
But the key point is to note that you can only get away with free ATM for Cash App withdrawals if you make a point to deposit at least $300 in your wallet every month.
Fortunately, you can just stick to sending and receiving money without the need to withdraw from an ATM. If you want to pay friends and/or family, it will be much easier for everyone if you just get them to use CashApp too and eliminate the need to withdraw the money in the first place.
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