If you’re new to Cash App, you may find it a bit challenging to understand how it works with your existing bank account. One question I seem to get a lot these days is: “can I link Cash App to my bank account?”
The answer is simple: not only can you link your Cash App account to your bank account, but you’re required to do so to take advantage of all the app’s features. For instance, cashing out money from your Cash App balance would be impossible if you haven’t linked your bank account to the app.
To avoid any disruption in service because you haven’t linked your bank account to your Cash App, this article will show you how to do just that. In addition to that, you’ll also learn some of the advantages of linking your Cash App to your bank account for motivation.
Why Link Cash App to a Bank Account?
One question many people ask before linking their bank account to Cash App is “why,” and to be honest, it’s a very fair question. The steps to linking Cash App to a bank account aren’t exactly effortless, and you may want to confirm that there are advantages to doing it.
As you may expect, it turns out there are advantages to linking. Here are some of the reasons why you should consider linking your debit card or active bank account to your Cash App.
- Account verification
While you can get around adding a bank account while creating your Cash App account, doing that will only get you an unverified account. If you want a verified account that can access all the features that Cash App has to offer, you must link an active bank account.
There are many advantages of a verified Cash App account that might make you want to consider linking your bank account. However, the most important is removing the limits, which are $250 for sending and $1,000 for receiving. If those limits sound too harsh, you may have to link a bank account.
- Cash App funding
Money doesn’t show up on your Cash App account out of thin air; you have to fund it. The two main ways to fund a Cash App account include receiving money from other users and adding money from your bank account.
If you don’t offer any service where customers pay via Cash App, the latter should be your main way of funding your Cash App account. How do you even add money to Cash App from your bank if you don’t haven’t linked a bank account with money in it?
- Cashing out
When you get money into your Cash App account by some other means, you may want to transfer it to your bank account to access it as cash easily. The app offers a feature for this purpose that you can access by selecting the “Cash Out” option from the banking tab.
The feature works by transferring money from your balance to a linked bank account automatically. You don’t need to provide the account details; it only works with accounts you’ve linked and verified as yours. There’s no other way to use this feature than linking Cash App with your bank account.
Now that you’re aware of most of the reasons why you may want to link Cash App to your bank account, it’s time to show you how it’s done exactly. Read on to the following section to learn about how to link a bank account to Cash App.
How Can I Link Cash App to My Bank Account?
Now that you already know that it’s not only possible but recommended to link a bank account to Cash App, it’s time to learn how you can go about it. Before trying to continue with the link, it’s crucial to learn a few things about the entire process.
First, you can only link one bank account to your Cash App account at a time. If you need to link a different account, you may have to remove the existing one first. Also, you can’t use the same bank account with over one Cash App account according to the app’s policies.
With that said, here are the steps required to link Cash App to a bank account.
- Get a valid bank account or debit card
You can link a bank account or credit card to your Cash App if they’re active and receiving money. Cash App will also charge a few bucks on the card, so you may want to confirm that there are a few bucks on the account before trying to link your card.
When it comes to cards, you should know that all forms of prepaid cards and gift cards are incompatible with Cash App. If you intend to link those, I can only wish you good luck.
- Open Cash App and start adding an account
After confirming that your bank account or card is active, you can go to the banking tab on your Cash App and tap “+ Add Credit Card.” If you don’t have a card linked to your bank account already, selecting that brings up an interface that will enable you to add a bank account or card to the app.
- Enter the necessary details and verify ownership
From there, you’ll have to complete every necessary detail about the account. Cash App will try to verify your ownership of the account using a straightforward challenge. Complete the challenge and you should see the card or account on your Cash App in no time.
Before going on with the entire process, you may want to note that you can only add a single bank account to your Cash App account. If you intend to add another bank, you’ll have to change the details of the previous one, which is removing it by any other name.
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The answer to “can I link Cash App to my bank account?” isn’t “you can; it’s “you should.” You won’t unlock all the functionalities of the Cash App if you don’t link your bank account, and this article shows you exactly how to go about linking it.