Does Cash App charge a transaction fee?
Cash App generally does not charge a fee for basic transactions, such as sending or receiving money using a linked bank account or debit card. However, certain actions do come with fees:
Instant Transfers: If you want to instantly transfer money from your Cash App balance to your bank account, a fee of 0.5% to 1.75% (with a minimum fee of $0.25) is charged.
Credit Card Transactions: If you send money using a credit card, there is a 3% fee.
Bitcoin Transactions: If you buy or sell Bitcoin on Cash App, they may charge a small service fee, and there may also be an additional fee depending on market activity.
Cash App for Business: If you use Cash App for business purposes, there is a 2.75% fee for receiving payments.
There are no fees for standard transfers to a bank account (which take 1-3 business days) or for basic payments between users using a debit card or bank account.