How Much Does Cash App Charge? Transaction Fees, Explained

May 2024 ยท 2 minute read

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If you use a personal Cash App account linked to your bank account or debit card and aren't in a rush to transfer payments, then you might never have to pay a single cent for your transactions. However, if you opt to use a credit card to send money or need an instant transfer, Cash App charges minimal fees.

There are a few cases in which you might incur Cash App charges, but with the included convenience of sending, receiving, and transferring money, you probably won't even mind paying up.

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Here's when your Cash App will charge you a fee

If you are sending money via a credit card linked to your Cash App, a 3% fee will be added to the total. So sending someone $100 will actually cost you $103. This is a rather standard fee with other payment apps as well, like PayPal, and is about the same rate businesses usually absorb with credit card transactions.

Cash App accepts major credit cards, including Discover, MasterCard, Visa, and American Express. Steven John/Business Insider

The other common charge Cash App users will see is a 1.5% commission added when they opt for instant transfers from the app to a bank account. However, this fee can easily be avoided by simply opting for a standard transfer, which takes two to three days.

You must have a valid debit card linked to your bank account to set up a Cash App account. Steven John/Business Insider

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