Apple Cash, Apple's peer-to-peer payments service that works with Apple Pay and iMessage, received a couple of small updates on Thursday. Apple says that beginning August 26, 2021, the cost of making an Instant Transfer will change to 1.5% (previously 1%) of the transfer amount, with a minimum fee of $0.25 and a maximum fee of $15. If users don't want to use Instant Transfer, they can also transfer money to their bank account using ACH and receive it within one to three business days with no fee. To make an Instant Transfer, open the Wallet app and select your Apple Cash card, then tap the three-dotted icon. Tap Transfer to Bank, enter an amount, and select Instant Transfer. Currently only available in the United States, Apple Cash can be used to make and receive payments in Messages, or you can get Siri to send money to a friend or family member.
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On iPad: open the Settings app, tap Wallet & Apple Pay, tap your Apple Cash card, then tap Transfer to Bank.
Does Apple Cash instant transfer?If you're part of Apple Cash Family
Within a 7-day period, you can transfer up to $4,000 to your debit card or bank account. For Instant Transfer, a 1.5 percent fee (with a minimum fee of $0.25 and a maximum fee of $15) is deducted from the amount of each transfer. With Instant Transfer, limits don't include fees.
Can you withdraw money from your Apple card?There are no cash advances or balance transfers with the Apple Card.
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Apple cash card transfer to bank account
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