Cash App offers users a convenient way to digitally send, receive, and manage their money. However, Cash App imposes certain limits, like many financial services, to ensure security and compliance. This article will explore the Cash App daily limit and guide how to increase it.
What is the Cash App Daily Limit?
The Cash App daily limit refers to the maximum amount of money you can send or receive within 24 hours. These limits are in place to prevent fraudulent activities, protect users, and adhere to regulatory requirements. The daily limits vary depending on different factors, including your account verification status and usage history.
Standard Cash App Daily Limits:
By default, Cash App imposes the following daily limits for unverified accounts:
- $250 for sending money in 24 hours.
- $1,000 for receiving money in 24 hours.
- $1,000 for Bitcoin withdrawals in 24 hours.
How to Increase Cash App Daily Limit?
You must verify your account and provide additional information to increase your Cash App daily limit. Follow these steps to increase Cash App limit:
Step 1: Open Cash App:
Launch the Cash App on your mobile device and log in to your account.
Step 2: Access Your Account Menu:
Tap your profile icon or the account balance tab on the home screen to access the account menu.
Step 3: Select “Personal”:
In the account menu, locate and tap the “Personal” option. This will allow you to switch from an unverified to a verified account.
Step 4: Provide Required Information:
Follow the prompts to enter and verify the necessary information, such as your full name, date of birth, social security number, and other details as requested by Cash App. Ensure the information you provide is accurate and up to date.
Step 5: Verify Your Identity:
Cash App may require additional identity verification for higher limits. This can involve providing a photo of your ID (driver’s license, passport, or ID card) and taking a selfie for facial recognition. Follow the instructions provided by Cash App to complete the verification process.
Step 6: Wait for Verification:
After submitting your information and documents, Cash App will review them to verify your account. The verification process may take a few minutes to a few hours. Be patient and avoid closing the app or navigating away from the verification screen.
Step 7: Enjoy Increased Limits:
Once your account is verified, Cash App will notify you of the increased limits. You can now send, receive, and withdraw large amounts within the new daily limits.
Understanding the Cash App daily limit is essential for managing your transactions effectively. By verifying your account and providing the necessary information, you can increase Cash App limit and enjoy greater flexibility with your money on the Cash App. Always comply with Cash App’s terms of service and exercise caution when transacting online.