You are not alone in your ignorance of Apple Cash. Like its competitors Venmo and Cash App, Apple Cash allows users to send and receive electronic payments. Apple Cash, however, can be used in the same places as Apple Pay, just like any other card in your Apple Wallet.
Once an iPhone is activated, a new digital card called Apple Cash is added to the user’s Apple Wallet. Possession is free, however some usage may incur costs. You may use it anyplace that takes Apple Pay, or send and receive payments instantly with friends and family using Messages or Wallet.
Apple Cash is a helpful banking app for the iPhone. You may use it to send money to others through iMessages, and your Apple Card can earn you up to 3% cash back on select transactions. Apple Cash funds can be sent to a bank account or loaded onto a Visa debit card, but there are more options.
Transferring Money From Apple Cash
Apple Cash is a fast, simple, and cost-free way to send and receive money if you own an iPhone. Apple Cash can be given to minors by adults who are part of their Apple Cash Family, and spent anywhere that accepts Apple Pay.
Apple Cash can only be transferred to a bank account for users under the age of 13, but can be transferred to a bank account or approved debit card for users above the age of 13.
How To Transfer Apple Cash to a Bank Account
To link your iPhone’s Apple Cash account to your bank account, follow these steps:
Step 1: Grab your cash and cards.
Step 2: Select your Apple Cash card and tap it.
Step 3: The three dots in a circle at the upper right of your screen are actions buttons.
Step 4: Select the second option labeled with an arrow, “Transfer to Bank.”
To link your iPad’s Apple Cash account to your bank account, follow these steps:
Launch the Settings utility.
Step 1: Pay with a tap of the wallet.
Step 2: Choose Apple Pay.
Step 3: Select your Apple Cash card and tap it.
When you’re ready to send money, a window will appear on both devices where you may do so. The sum can’t be more than what’s currently available in your Apple Cash and must be between $1 and $10,000.
After you decide how much you want to give, click “Next” in the upper right corner to finish. In one to three banking days, your Apple Cash will be deposited into your account. The timeliness of the process may be affected by bank holidays.
How To Transfer Apple Cash to a Debit Card
Apple Cash can be sent to a debit card instead of a bank account, but only after adding a debit card to the Wallet app by hitting the + button and then following the on-screen instructions.
Before a credit card may be used with Apple Wallet, the card’s issuer may require you to sign in to your account or download an app. Once you’ve done this, head to the “Transfer to Bank” option on your iPhone or iPad to complete the Apple Cash-to-bank account transfer.
Click “Instant Transfer” and then choose the debit card you’d like the money sent to. Within the next half hour, you should be able to use your debit card to access your funds. Contact Apple Support if it hasn’t arrived after two hours.
What’s the Difference Between Apple Cash and Apple Pay?
Apple Cash is a virtual card seen in the iOS Wallet app. Funds transferred from other Apple Pay users can be stored there until needed to make a purchase.
Apple Pay, on the other hand, is iPhone software that lets you pay with Apple Cash or any credit card stored in Apple Wallet in a safe, contactless manner. You can save space in your wallet by not bringing every card you own. All you need is an iPhone, iPad, Apple Watch, or Mac computer.
Conclusion
Apple Cash allows you to quickly and easily send or receive payments from other Apple users via the Messages app or the Wallet app on your iOS device. Like other Apple features, this one is intuitive for those who already use Apple products but is largely useless to those who don’t.
Sending your kids a little amount of money in their Apple Cash Family account is quick and easy, and they may put the funds to use nearly immediately. While this may put some anxious parents at ease, it’s hard to see how Apple Cash is better than, say, a rewards credit card in your Apple Wallet.
