Cash App is a popular peer-to-peer payment app that enables individuals to send and receive money effortlessly. With a user-friendly interface and convenient features, Cash App has gained immense popularity among users. However, users are often curious about the limitations and restrictions that come with using the app. One such concern is the weekly sending limit on Cash App.
The weekly sending limit on Cash App is the maximum amount of money a user can send within a 7-day period. This limit is imposed to ensure the security and integrity of the app and prevent fraud or other illegal activities. The sending limit on Cash App varies depending on the user's account type and the information provided during the verification process.
For unverified Cash App accounts, the weekly sending limit is set at $250. This means that users with unverified accounts can only send up to $250 in a week. In order to increase this limit, users need to provide additional information and complete the verification process. Verified Cash App users, on the other hand, have a higher weekly sending limit of $7,500.
To become a verified user on Cash App, users need to provide their full name, date of birth, and the last four digits of their Social Security Number. Cash App also requests users to link their debit card and verify their phone number. Once the verification process is complete, the weekly sending limit on Cash App is automatically raised to $7,500.
It is important to note that the weekly sending limit applies to outgoing payments only. There is no limit on the amount of money that users can receive on Cash App. Therefore, even if a user has reached their weekly sending limit, they can still receive money from other users.
In addition to the weekly sending limit, Cash App also imposes a daily receiving limit on users. For unverified accounts, the daily receiving limit is $1,000. However, verified users enjoy a higher daily receiving limit of $2,500.
The weekly sending limit on Cash App may seem restrictive to some users. However, it is implemented to protect users and prevent fraudulent activities. By verifying users' identities and implementing sending limits, Cash App ensures a secure and trustworthy platform for its users to send and receive money effortlessly.
In conclusion, the weekly sending limit on Cash App is a mechanism put in place to safeguard users and maintain the security of transactions. Unverified accounts have a weekly sending limit of $250, while verified users enjoy a higher sending limit of $7,500 per week. By adhering to these limits, Cash App provides a reliable and secure platform for users to send and receive money hassle-free.
