Maybe you have finished downloading the cash app, the next big question is “how to setup Cash App Account”. Read this guide carefully in other not to make mistakes.
Sending and receiving money has never been this easy. In the past, one would need to visit a bank or any other financial institution anything they wanted to open a savings account and deposit or withdraw funds.
With all the paperwork involved and long queue times, someone definitely had to do something about it, and we are glad they did. With the advent of numerous online money processors, access to banking has become very widespread.
You no longer need to wait long hours in a banking hall just to send or receive money. With a tiny little smartphone and internet connection, anyone could back seamlessly.
One of the most popular and secure banking providers is the cash app. A very fast and secure means of transferring funds online, not forgetting how easy it is to set up.
If you’ve always wanted to have all your funds on your smartphone without any hitch whatsoever when it comes to payment processing, then all you need to know is how to set up a cash app to send and receive payments.
Once you setup a cash app on your mobile device, it becomes very easy to send and receive money online, whether for a dinner payback, an instant birthday gift, a small loan, or any other reason.
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Cash App Top Features
If you’re wondering why cash app, you’re not alone. Obviously, there are tons of payment apps out there on the internet, so why choose cash app. well, we all love Cash App for several reasons:
- Zero fees*
- Funds are available instantly
- Sign up with your existing bank card
- Get a free debit card to use with Cash App
- Buy Bitcoin
- Earn rewards
- Add recurring cash to your own account
- Receive payments via direct deposit
Given these Cash App features, you can use them for a variety of reasons. Maybe you want an extra bank to store just your vacation money, an allowance card for your children, a solid way to finally get paid back instantly from your sketchy friends, or a method for earning some extra money via rewards.
No matter why you want to set up a Cash App account, you’ll find that it’s super easy to use, extremely convenient, and 100% free for nearly every single feature.
*After you setup the cash app on your device, the only times you’re charged is if you withdraw money from an ATM (the ATM charges the fee) or if you want to withdraw money instantly instead of waiting a few days for it to go from Cash App to your bank.
How to Setup Cashapp
There are two ways to sign up for Cash App: use the iOS or Android app, or make an account from the website. Let’s walk through the process from the website:
- Step 1: Enter your email address or phone number.
An activation code will be sent to you via your email or phone number Ensure you have instant access to to your email and phone number in order to speed up the process.
- Step 2: Type in the code you were sent to your email/phone.
- Step 3: Enter your debit card information to connect to your local bank.
Your information is encrypted, therefore your card details will not be stored or shared by the cash app.
- Step 4: Type your full name (as written on your bank account).
- Step 5: Decide on a $Cashtag, which is a unique username people can use to send money to you (more on this below).
- Step 6: Enter your ZIP code.
How to Send and Receive Money
Sending and receiving money with a cash app is as simple as it can get. All you need is a mobile phone or computer with an internet connection and you’re good to go. To send and receive money from family and friends you’d need to sign in to your cash app account. (N/B: make sure you keep your login details safe to avoid unauthorized access.
When you’re logged in to Cash App from your computer, click New at the bottom of the screen to open a new window where you can start the money-sending process. Just enter an amount, write out who you want to send it to (their email address, phone number, or $Cashtag), and then optionally describe what the transaction is for.
Then, hit the Request money to send the request to the recipient, who they’ll see it on their computer or phone and be able to respond to it to send the money to you. Or, if you’re sending money to them, use the Pay button to instantly transfer the money into their Cash App account.
Note: You can send money to anyone, even if they don’t have a Cash App account. They’ll receive a signup notification via the method you used (email or phone number), and if they don’t accept the money after a period of time, it will expire, and you’ll keep your money.
A similar procedure is available from the mobile app: type the amount using the on-screen keypad, and then pick either button to send or request the cash. Finally, pick who the recipient(s) should be and provide “For” text to keep things organized.
Yet another way to get money from someone through Cash App is via your $Cashtag. When you made your account, you created a unique username that other Cash App users can utilize to easily send you money. They can do this through their own app or by visiting your special URL.
For example, visiting https://cash.me/$jongfisher in a web browser lets you send money directly to this user with any debit card. The person could also send money directly to $jongfisher via their app or online account.
Note: There are no receive limits for Cash App but there are send limits: $7,500 /week and $17,500 /month.
How to Withdraw From Cash App
There are a variety of ways to cash out from your cash app. If you choose to, you could buy bitcoin if bitcoin is enabled for your app or you can cash out from your Cash App account through the website or app. You can also spend your money directly from the Cash App debit card.
To cash money from your Cash App account via the app, tap your profile image at the top of the screen, go to Cash, and then choose Cash Out to pick how much you want to send to your bank.
You can also visit your Cash Card page from a web browser and cash out there.
If you want to “cash out” by spending your money directly from the debit card, just use it like any card! The Cash App card is a Visa card, so it’s accepted anywhere Visa cards are permitted.
Note: You’re limited to $25,000 /week in cashouts via your account. ATM withdrawals are limited to $250 /transaction, $250 /24 hours, $1,000 /week, and $1,250 /month.
Hope you have learned How to set up a Cash app Account? I believe by now, you can download and setup a cash app account.