How To Transfer Money From Apple Pay To Bank [Complete Guide]

Want to know how to transfer money from Apple Pay to Bank account? then stay glued to this article as I will show you how to do so in a few steps.
Ketcha Brandon
Transfer Money From Apple Pay To Bank

Apple Pay is one of the most popularly used online money transfer apps since it lets you send and receive money to other Apple Pay users with ease and convenience.

In order to transfer Apple Cash to bank account, you will have to open the Apple wallet app, tap the image of the Apple Cash Card, tap the more button, enter the amount you want to transfer, hit next and then confirm the transaction.

In case you have an Apple device like iPhone or iPad or Apple Watch, then Apple Cash is an easy way to access your money using your device. With the Apple wallet app, you will enjoy various services that makes it easy for you to use your money. You can enjoy more convenience if you decide to integrate Apple Cash payments to your normal banking.

Want to know how to transfer money from Apple Pay to Bank account? then stay glued to this article as I will show you how to do so in a few steps.

Table of Contents

What is Apple Cash?

Apple Cash is a feature of the Apple wallet smartphone App that lets iOS and iPadOS device users to transfer money to other people who have Apple wallet.

The recipient can then spent the money using Apple Pay or transfer it to someone else using Apple Cash. They also have the option of withdrawing the money into their account.

Can I Transfer Apple Cash to Bank Account?

Yes, you are able to transfer Apple Cash to Bank Account once you have received and accepted an Apple Cash transfer from someone but you will first of all have to link your bank account to Apple Pay.

How to Transfer Apple Cash to Your Bank Account

As soon as you receive and accept an Apple Cash transfer from a friend, family member or client, you can choose to withdraw the money to your bank account but you will first of all have to link your bank account to Apple Wallet.

Below are the steps to follow if you want to transfer money from your Apple Cash balance to your bank account.

  1. Open the Apple Wallet app
  2. Tap the image of an Apple Cash card, then tap the More button (…)
  3. Tap Transfer to Bank
  4. Enter an amount of money to transfer then tap Next
  5. Choose the 1-3 Business Days option. If you don’t have a bank account linked to your Apple Wallet app, follow the on-screen instructions to add one
  6. Confirm the transaction with Face ID, Touch ID, or your passcode.

Once you have confirmed the transaction, it will take close to 3 business days for the funds to be available in your bank account.

How to Transfer Apple Cash To Your Debit Card

You can decide to withdraw money to your debit card after you accept an Apple Cash transfer from someone. To transfer money to your debit card, you must first link your debit card to Apple Wallet.

Below are the steps involved to transfer money from your Apple Cash balance to a debit card:

  1. Open the Apple Wallet app
  2. Tap the image of an Apple Cash card, then tap the More button (…)
  3. Tap Transfer to Bank
  4. Enter an amount of money to transfer then tap Next
  5. Choose the Instant Transfer option
  6. If you don’t have a linked debit card that is compatible you will need to add one first
  7. Tap the button labeled > to choose the card you want to transfer funds to 
  8. Confirm the billing information for your chosen debit card.

After you confirm the transaction, your funds should be available on your debit card within 30 minutes.

ALSO READ: How To Verify Identity On Cash App [Complete Guide]

Things to Consider During Apple Cash to Bank Transfers

Though the process of transferring Apple Cash to Bank account is simple, you may encounter problems that are difficult to understand but below, I will show you a few things to keep in mind when you run into hassle using Apple Cash.

Delays Are Not Unusual

With respect to the method that you choose, it may take some time for the process to be finalized. You have to note that payment processing does not happen on weekends and bank holidays.

This simply means that if you launch a withdrawal on a Friday, you may only see the transaction on your bank statement several days later, which is as from Wednesday.

This is due to the fact that Saturday and Sunday are not counted within the 1-3 business days it takes to do the transfer.

Transfer Limits

For personal usage only, utilize Apple Cash. As a result, there are restrictions on how much cash you can withdraw to your bank account in a given time frame.

A single transfer can only be for a maximum of $10,000. Additionally, you are only permitted to transfer a maximum of $20,000 per seven days. You will have to wait to transfer Apple Cash to your bank account or debit card if you reach either of those limits.

Alternatively, you can try reducing the amount of money you are attempting to transfer.

Transfer to US Bank Account Only

In order to withdraw money from Apple Cash to your bank account, you need to link a compatible bank account. Currently, only accounts from banks in the United States are compatible with Apple Cash’s withdrawal function. 

If you try to withdraw to an account outside the United States, the transaction will fail. If you need to transfer money to a non-US bank account you can contact Apple Support, who may be able to help you.

CHECK ALSO: How to Cancel a Cash App Card [Complete Guide].

Final Thoughts on How to Transfer Money From Apple Pay to Bank

Apple Pay is one of the most popularly used online money transfer apps since it lets you send and receive money to other Apple Pay users with ease and convenience.

Two options exist for transferring Apple Cash to bank accounts or debit cards. The money will be accessible within 30 minutes if you transfer to a debit card that is linked. It takes 1-3 business days for a direct transfer to appear in your bank balance.

Frequently Asked Questions on How to Transfer Apple Cash to Bank

How long does it take to transfer money from Apple Pay to bank?

To transfer money from Apple Cash, you can either use a bank transfer to send funds to your bank account in one to three days or an instant transfer to send funds to an eligible Mastercard or Visa debit card within 30 minutes.

Can I Apple Pay myself?

It's not possible to send yourself money with Apple Pay, however, you can add money directly to Apple Cash instead.

How do I withdraw money from Apple Pay app?

If you're using an iPhone, simply open the Wallet application, tap on the Apple Cash card, and then tap the Plus button. If you're using an iPad, go to Configuration > Wallet & Apple Pay > Apple Cash Card. Select the “Transfer to Bank” option. Enter the amount to deposit and click Next.

How do I transfer money from Apple Pay to cash instantly?

Tap the Cash Card tab on your Cash App home screen. Tap the image of your Cash Card. Select Add to Apple Pay. Follow the steps.

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