When trying a new company with services related to banking or finance, it’s natural that you would feel a bit worried. There are so many things to think about, like the service fee, features, and most importantly, the ATMs. Some questions might be starting to appear in your head when thinking about services like Cash App, like “How to withdraw money from Cash App?”, “Would it be hard to take my own money from Cash App ?”, “Where’s the nearest ATM to withdraw the money?”, or “What ATMs are free for Cash App?”
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Knowing the answers to these questions is definitely important. As for the withdrawal, fortunately, there are a lot of ATMs that support Cash App. The thing is, it could be a bit confusing for you to find them, especially if it’s your first time using the app.
To make it easier for you, we’ll explain some information about Cash App withdrawal, along with the nearest ATMS location and how to withdraw the money. Without further ado, let us start with the first section.
Understanding The Pros and Cons
While using Cash App may provide some benefits for the users, we can’t completely neglect the cons that you need to think about as well.
Pros
- The Cash App money can be withdrawn from any ATM
- If you make a direct deposit, the ATM fees will be reimbursed.
Cons
- There’s a limit on how much money you can withdraw at a time
- Each withdrawal will be charged with some fee
Withdrawal Limits
Every bank usually has withdrawal limits to control how much money a customer can withdraw. The same thing also applies to Cash App. There’s a certain withdrawal limit if you want to withdraw your Cash App money.
The limit amount is about $1,000 per week and $310 per withdrawal transaction. For example, you can withdraw your money for 4 days straight, with $250 for each day. You can’t however, push it up to $400 three times in a week as the limit has been surpassed.
The amount is also affected by the Cash Card you received and used before. Cash App users will eventually receive cash discounts for doing transactions with the app. So if you’re using any of these discounts, the amount will cut the withdrawal limit accordingly.
For example, if you used $25 worth of Cash Card, the withdrawal limit per week would be $975.
Finding The Cash App Free ATM Near Me
You might be wondering about what ATMs are free for Cash App at this point. Although most ATMs support Cash App withdrawal, it doesn’t mean that they will do the service for free. In fact, Cash App doesn’t offer something like this.
For every withdrawal, users will be charged a small fee. The amount is usually around $1.50 to $3.50, depending on the withdrawal amount. Plus, you can also be charged an additional $2 by Cash App for the transaction.
As the amount is considered pretty high, Cash App came up with a solution. You can get the fees reimbursed, which is a good thing, by using a direct deposit option. This option can be accessed directly through the app.
But there’s a catch. The direct deposit amount should be at least $300 a month. Once you fulfill the requirement, Cash App will cover the fees of up to three withdrawals for a month at a maximum of $7 per withdrawal.
Cash App ATM Locations Near Me
Fortunately, it’s not that hard to find an ATM that supports Cash App withdrawal. If you don’t want to connect Cash App to your bank account, you can simply visit these ATMs instead. Yes, there would be a small fee to pay, but at least you can get your money quickly.
As most ATMs already support the withdrawal, you can basically find any nearest ATM in your area. But if you don’t know where to start, here’s a list of some ATMs that already support Cash App withdrawal:
- American Express
- Ameriprise
- Ameris Bancorp
- Arvest Bank
- Atlantic Union Bank
- Bank of America
- Customers Bancorp, Inc.
- Deutsche Bank
- Discover Financial
- John Deere Capital Corporation
- JPMorgan Chase
- KeyCorp
- M&T Bank
- Macy’s
- People’s United Financial
- Pinnacle Financial Partners
- PNC Financial Services
- Raymond James Financial
- RBC Bank
Cash App actually offers a way to find the nearest ATM. You can do it by opening the Cash App, then selecting the option to Find ATM. Pick your area, and the nearby ATMs will be displayed shortly after.
Now, you can click the ATM to get their address. Remember that you need to activate the location services in order for it to work properly.
How to Withdraw Money from Cash App
It’s pretty simple actually. You can do it in the usual way you withdraw your money from your bank’s ATM. Simply enter your credentials and the amount of money you want to withdraw. A short time later, your money will come out, and it’s done!
While the process itself is very easy, the withdrawal fees might be something that’s certainly troubling. However, we do have a few tips for effectively avoiding these fees.
The first thing is to make a deposit of at least $300 a month, which will grant you the fee reimbursement. To activate it, and get the fees reimbursed to your account.
The amount of cash you received as reimbursement can be used at places that take Visa Cards. That way, you’ll do digital transactions more, which eliminates the need of taking your money from the ATMs.
Conclusion
Although Cash App money can be withdrawn from most nearby ATMs. Unfortunately, if you’re asking about what ATMs are free for Cash App, there’s none. Each withdrawal transaction will be charged with some fees, but they can be reimbursed if you put make a certain amount of deposit per month.
As the fees can be pretty high if you withdraw a few times, we highly advise using Cash App to make digital payments. That way, you’ll withdraw less and still get the full amount of your money that’s still intact.
