Does apple pay go into my bank account

Can you transfer Apple Cash to a bank? Absolutely! We'll show you how.

By Amy Spitzfaden–Both Updated 09/21/2022

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Wondering how to transfer Apple Pay to the bank? Apple Cash, the Apple Pay peer-to-peer payment service similar to Venmo, is a quick way to send and receive money through your iPhone. Let's look at how to transfer Apple Cash to the bank and get the most out of this easy and efficient feature.

Related: How to Open Apple Wallet from iPhone Lock Screen in 3 Easy Steps

Why You'll Love This Tip

  • Learn how to transfer money from Apple Cash to a debit card or your bank so you can use the money any time.
  • Choose instant transfer to make money available within minutes for a small fee.
  • Opt for transferring to your bank within 1–3 business days for no processing fee.

How to Transfer Apple Cash to Your Bank

Note: To use Apple Cash, you must be at least 18 years of age and a resident of the United States.

For more great Apple product tutorials, check out our Tip of the Day Newsletter. Now, let's walk through how to transfer money from Apple Pay to your bank.

  1. Open the Wallet app or tap the Wallet iconin the Control Center. On your iPhone, you can also easily access the Wallet app from the Lock screen. 
     
  2. Tap your Apple Cash card.Choose your Apple Card to transfer Apple Pay
     
  3. Tap the More icon
     
  4. Tap Transfer to Bank.
     
  5. Enter the amount you would like to transfer, then tap Next.
     
  6. Select either Instant Transfer, which comes with a small fee, or 1–3 Business Days, which has no fee.
     
  7. If you haven't yet linked your bank account, enter your routing and account numbers, then confirm by entering them again.
     
  8. Tap Transfer.
     
  9. A notification will pop up at the top of your screen to let you know the transfer request was successful. 

You now know how to transfer Apple Cash to your bank. If you selected Instant Transfer, you will see the money in your account within thirty minutes. The 1–3 Business Days option will take longer but will show up in one to three business days, as its name suggests. Once you have entered your bank account information once, you won't have to do it again. While you're learning about Apple Pay, did you know that you can also use Apple Pay Cards on your Apple Watch?

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Author Details

Amy Spitzfaden–Both's picture

Amy Spitzfaden Both is a Feature Writer at iPhone Life, an award-winning novelist, and an iPhone enthusiast. Over the past decade, her work in the publishing industry has included live coverage of industry events including the Yale Publishing Course and Magazine Innovation’s ACT 9 Experience, providing editing services for several start-up publishing houses, and acting as newsstand consultant for magazines such as The Old Farmer’s Almanac and The New York Review of Books. She graduated from M.I.U. with a Bachelor’s in Literature and Writing, and has gone on to publish two novels and two short stories. Her debut novel Untold won the 2014 Chelson Award for Fiction.
Writing everything from book reviews to skincare tips, Amy discovered a passion for bringing exciting and useful information to even the most casual researcher. The mix of usability and endless possibilities is what drew her to Apple products originally, and the more she learns, the more she loves.
Amy lives in New Hampshire with her husband and daughter. When she’s not writing or glued to her iPhone, she enjoys hiking, traveling, and creating her own tea blends.

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Where does the money go when you receive Apple Pay?

The money you receive appears on your Apple Cash card in Wallet. You can spend it however you like in stores, online, and in apps with Apple Pay. Apple Pay enables you to make secure, contactless purchases using Apple Cash, Apple Card, and any other credit and debit cards that you add to Wallet.

How do I get my Apple Pay money to my bank account?

How to Transfer Apple Cash to Your Bank Account.
Open the Apple Wallet app..
Tap the image of an Apple Cash card, then tap the More button (…).
Tap Transfer to Bank..
Enter an amount of money to transfer then tap Next..
Choose the 1-3 Business Days option. ... .
Confirm the transaction with Face ID, Touch ID, or your passcode..

How long does it take Apple Pay to hit your account?

The money should appear in your checking account in one to three days.