Fees to Cash Out Apple Pay and Debit Card Options

If you're looking to cash out your Apple Pay balance, you'll need to consider the fees involved. The standard fee for cashing out with Apple Pay is 3% of the transaction amount, with a minimum fee of $0.25.

This fee is deducted from your Apple Pay balance, so you won't be charged separately for the transaction. For example, if you have a $100 balance, you'll receive $96.75 after a 3% cash out.

Some banks also offer debit card options for cashing out Apple Pay balances, but these may come with their own fees. For instance, a bank may charge a $2.50 fee for using a debit card to cash out your Apple Pay balance.

You can transfer Apple Cash to a bank account using an iPhone or iPad. To do this, you need to link your bank account to Apple Wallet.

There are two delivery options: Instant Transfer and 1-3 Business Days. Instant Transfer charges a small fee, but typically transfers the money instantly or within 30 minutes. The 1-3 Business Days option is free, but can take up to three business days for the money to be deposited into your bank account.

To transfer money from Apple Cash to a bank account, you must first connect your bank account to the app. This involves selecting Bank Account and tapping Add Bank Account, then entering the bank's routing number and account number.

You can choose between an instant transfer with a transaction fee or a regular transfer with no fee. To confirm the transaction, you need to use Face ID, Touch ID, or your passcode.

Here are the steps to transfer Apple Cash to a bank account:

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.

Transferring Apple Cash to a debit card is a straightforward process that can be completed in a few taps. The fee for this service is 1.5% of the total transaction, with a minimum of 25 cents and a maximum of $15 per transaction.

To initiate the transfer, open the Apple Wallet app and tap the image of an Apple Cash card, then tap the More button (…). Next, tap Transfer to Bank and enter the amount of money you want to transfer.

You'll then choose the Instant Transfer option, which allows your funds to be available on your debit card within 30 minutes. If you don't have a linked debit card that is compatible, you'll need to add one first.

To add a debit card, tap the button labeled > to choose the card you want to transfer funds to. Confirm the billing information for your chosen debit card, and your funds should be available on your debit card within 30 minutes.

Keep in mind that if for some reason the money isn’t deposited into your account after two hours, you should reach out to Apple support at support.apple.com.

Transferring funds from Apple Cash to your bank account is a straightforward process. You'll need to have your bank account connected to the Apple Cash app first.

To connect your bank account, go to Settings > Wallet & Apple Pay > Apple Cash, then select Bank Account and tap Add Bank Account. Enter your bank's routing number and account number.

Once your bank account is connected, you can transfer money from Apple Cash to your bank account. To do this, tap Transfer to Bank in the Apple Cash app.

You'll be given the option to choose between an instant transfer with a transaction fee or a regular transfer with no fee. If you select Instant Transfer, the money will be in your account within thirty minutes. If you select the 1–3 Business Days option, the money will take longer to arrive, but it won't cost you any fees.

Here are the steps to transfer Apple Cash to your bank:

After tapping Transfer, a notification will pop up at the top of your screen to let you know the transfer request was successful.

Transferring Apple Cash to a bank account is generally free for the standard transfer option, but there might be a fee for instant transfers, which is a percentage of the transfer amount.

The minimum Apple Cash transfer amount is $1, and the maximum amount you can transfer per transaction is $10,000, or up to the amount of your Apple Cash balance if it's less than $10,000.

You can transfer up to $20,000 every seven days, and transfers are available only for accounts in the U.S. For instant transfers, the linked debit card must be an eligible Mastercard or Visa card with an account based in the U.S.

Here's a breakdown of the transfer options:

You can transfer up to $10,000 per transaction, or up to the amount of your Apple Cash balance if it's less than $10,000.

The minimum Apple Cash transfer amount is $1. If your balance is under $1, you can transfer the full balance.

You can transfer up to $20,000 every seven days.

Transferring Apple Cash to a bank account is generally free for the standard transfer option.

However, there might be a fee for instant transfers, which is a percentage of the transfer amount. This means you'll need to carefully consider whether the convenience of instant transfers is worth the extra cost.

If you choose the instant transfer option, you can expect to see the money in your account within thirty minutes.