Increasing your Cash App spending and receiving limit is a lot easier than you would think. You don’t need to speak to a customer representative or something like that.
You will need to cross the limit of $250 to initiate the verification process. You could ask a family member or trusted friend to lend them your phone and initiate a transaction with their Cash App account.
You must then enter your legal name, date of birth, and the last four digits of your SSN in the menu that appears.
Verification can take up to 48 hours, so you must be patient.
After your account has been verified, you will be able to spend up to $7500 in a week, and the default receiving limits will also be lifted. You can receive an unlimited amount of money after your account is verified.
If the company is unable to verify your identity with just the information you supplied, they will contact you and ask for some additional details.
By verifying your identity on Cash App, you also enhance the security of your account. It is because your account is much more secure after verification that the company increases sending and receiving limits by such a considerable margin.
Cash App Receiving Limits
By default, your receiving limit on Cash App is $1000 within a given 30-day period.
However, the good news is, the receiving limit is a lot more flexible than the sending limit.
However, the receiving limits are boundless once you verify your Cash App account using the aforementioned method.
Previously, the receiving limits were capped to $2500 per week, but this limitation was recently removed by Cash App to give users more flexibility.
Of course, the maximum amount you could receive now from one user in a week is capped at $7500, because that is what the maximum spending limit is for all users.
Peer to peer money transfer platforms like Cash App have made receiving money and spending it a lot easier than it was even a decade ago.
Regardless of if you want to send your little sister in college some money or want to pay your friend back for dinner he paid for, the app makes things fast and convenient.
Increasing your spending and receiving limits is the way to go as soon as you make your Cash App account. However, if you haven’t done it yet, don’t worry.
You can follow the steps mentioned above, and your account’s limits will increase typically in under a day.
You can then enjoy the many benefits and “Boosts” Cash App offers without worrying about your spending limits!
