Did you know that according to information from the World Bank, the United States leads the number of transfers sent in the world, followed by Saudi Arabia and then Switzerland? The value of transactions in terms of digital money transfers amounted to $64.1 million US dollars in 2018. An annual increase of 15.9% is projected, which would lead to a total of $143.1 million by 2023. Show
Just how do these transfers work though? In order to carry out the transfer of digital money from bank to bank and person to person, there are a number of reliable and secure apps that help you. Right now, though, we’ll be focusing on Apple Pay and Cash App, two of the most prominent digital wallet apps of the year. First, let’s explore just exactly what Apple Pay and Cash App offer as financial apps. Then, we’ll dive into how to transfer money from Apple Pay to Cash App seamlessly. What is Apple Pay?Apple Pay is a digital wallet where users can carry out transactions electronically. This platform is a development by Apple Inc., as the name might suggest. With the app, you can send money, buy applications in the App Store and pay digitally at stores where Apple Pay is accepted. The app, as you might guess, only works on Apple devices such as iPads, iPhones, Apple Watches and Macs. While the app comes installed on most newer devices, if you’ve somehow deleted it, you can find it in the App Store to download for free. Not sure what the difference is between Apple Pay and other similar digital wallets? Check out our guide on Samsung Pay vs. Google Pay vs. Apple Pay. What is Cash App?Square Inc. developed the Cash App in competition with other emerging mobile money wallets such as Apple Pay, PayPal's Venmo, and Google Pay. It’s why it was formerly called Square Cash, actually. And, the basic features are similar to Apple Pay. With Cash App, a user can send money, pay bills or withdraw cash at an ATM if they have the possibility, among other transactions. This tool is available in the Play Store and the App Store, making it a bit more ubiquitous versus Apple Pay. On top of that, Cash App is one of the best money transfer apps for those without a social security number. Don’t have a SSN? Here is a helpful guide on How to Use Cash App Without a SSN. Cash App vs. Apple PayWhile both of these apps allow you to perform online money transfers, there are some similarities and differences between Cash App and Apple Pay. Let’s explore those below. The Similarities
The Differences
Can You Transfer Apple Pay Money to Cash App?Indeed, money can be transferred from the Apple Pay application to the Cash App, but not directly. Apple Pay does not allow you to link a bank account to make transfers and is limited to debit and credit cards provided by banks. For this reason, money can be indirectly transferred through Apple Pay to your bank account and then from there to your Cash App wallet. Keep reading to find out how to do just that. How to Transfer Money from Apple Pay to Cash AppUnfortunately at the moment, there is no direct transfer option or button to send funds between these two platforms, but that doesn’t mean you can’t do it! You just have to go through a couple more steps than clicking one button. Step 1: Transfer Money from Apple Pay to your Bank AccountFor this process, the following steps must be followed (keep in mind that the time to process this transaction can take up to 1-3 business days in some cases):
Note: If you use the 1-3 business day option, no fee will be charged to transfer your money to your bank account. In case of selecting instant transfer, a fee of 1% deducted from the value of each transaction. Step 2: Transfer Money from your Bank Account to Cash AppWhen the money from Apple Pay has reached your bank account, the funds can then be transferred to your Cash App wallet. Because the money is now in your bank account, you’ll be able to transfer those funds to Cash App following these steps below:
After you see the confirmation come up, you’ll just have to wait for the transfer to be fully completed! It’s that easy (well, kind of). While this is a roundabout way of transferring money from Apple Pay to Cash App, it works really well if you have the patience to go through these two steps. How to Transfer Money from Cash App to Apple PayIt is currently not possible to transfer money from Cash App to Apple Pay, because Apple Pay is not a bank account. It is an electronic wallet with which you can pay with the linked credit or debit cards. Now, on the other hand, you can add a Cash App account to Apple Pay, but only if you have a Cash Card, which is the application's free debit card. It is a simple and easy process to do through the Cash application, or in Apple Wallet on your iPhone or iPad Save on Money Transfer FeesToday, there are also other alternative ways to transfer money from a digital banking app to your real bank account, such as Cheese Mobile Banking, which is an excellent online platform that provides basic banking services with cash back rewards. Although Cheese itself is not a bank, we are associated with Coastal Community Bank in order to provide financial options to its customers. And, we care about helping you save on costly fees, particularly when it comes to transfers. With the Cheese Debit Card, we understand the struggle, which is why we waive all Cheese users one international wire transfer per year. And, while you’re saving on wire transfer fees, you’ll also be able to enjoy the savings of your fee-free and cashback-optimized debit card. We’re looking out for you and your money. To save on fees and more, get your Cheese Debit Card today. Download Cheese Mobile Banking App for iOS or Android to change the way you bank. Once you do, you’ll have access to all of these cool features: 🔐 FDIC Insured 🧀️ No SSN Required 🧀️ Apply with just an established US address, passport & valid visa 🧀️ $5 signup bonus 🧀️ Up to 10% Cashback with Every Purchase 🧀️ Early paycheck (up to 2 days early!) 🧀️ No incoming wire transfer fee 🧀️ NO annual fees, minimum balance, or ATM fees 🧀️ Giveback fund for Asian communities & NGOs How can I transfer money from my Wallet to my bank account?Just follow the steps below:. Open the Paytm app on your phone.. Scroll to the ' My Paytm ' section on the app's home screen.. Select 'Paytm Wallet' from the options present.. Choose the 'Transfer to Bank' option from the four options available.. Now, input the amount you wish to transfer from your wallet to the bank account.. How do I transfer money from Apple Wallet to debit card?Transfer Money to Your Bank Account
Open Settings > Wallet & Apple Pay > Apple Cash and tap Bank Account > Add Bank Account, then enter your bank's routing number and account number. Now, from the Apple Cash screen, tap Transfer to Bank, then enter the amount of money you want to transfer and tap Transfer.
What can you do with apple Wallet money?You can use Apple Cash to make purchases just as you would with physical cards and cash. It works anywhere Apple Pay is accepted — in stores, online, and in apps. You can also transfer your Apple Cash to your bank account.
Can I withdraw my Apple ID balance?You can't redeem or return Apple Gift Cards, App Store & iTunes Gift Cards, or unused Apple Account balance for cash, except as required by law. If your jurisdiction allows for refund of redeemed gift balances, you can contact Apple Support to request a refund.
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Can you transfer money from apple wallet to bank
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