Today, we will discuss how we can transfer Apple cash to the bank. Initially, it is all about Apple cash or Apple Pay cash. But, we will dicuss the proper way of conveying your Apple Pay cash to your bank account.
Well, many people are not familiar with Apple cash or Apple Pay cash; it’s one of the most popular ways to send money. But, the exciting part of Apple cash or Apple Pay cash is that you can go ahead and send cash with the help of your iMessage to anybody whom you want to pay.
For example, you can use Apple Cash or Apple to pay cash for splitting a bill at a restaurant or the grocery store bills or pay for birthday bills. Now, if you receive money through your Apple Pay cash or Apple cash from somebody through iMessage, then how will you transfer that money into your bank account.
Thus, we will discuss how to transfer the money that we have received from the iMessage. Well, open my Apple Pay cash app on your device.
Initially, go to your Apple wallet, it’s not an app that you need to download as its already available in the device; it is a pre-installed app. This Wallet is colorful; once you open the Wallet, you will notice various cards, all you have to do is to link with my Apple cash or Apple Pay cash.
Table of Contents
What is Apple Pay?
Now I will talk about the Apple Cash or Apple Pay cash; as this blog post allow me to explain, the biggest confusion I see is a lot of people are like how is Apple Pay cash different from Apple Pay?
Apple Pay is a method of transaction, Apple Pay, of course, has been available for a long, long time on our smartphones and our smartwatches.
And now it has made its way onto the Mac if you’re checking something out on an online website you can use Apple Pay. This means that on your Apple device, you have your debit or credit cards from your bank. Like this with Apple Pay, you can make a transaction with that card.
What is Apple Cash, or What is Apple Pay Cash?
Apple Pay cash is something Apple has introduced to make it easier for you within iMessage to send money from person to person. One nice thing about this is that Apple takes no cut if you send $2 to your friend. They will receive exactly $2.
There’s no fifteen cent fee, or at least in my experience from what I’ve noticed; there’s not been a transaction fee when sending money to your bank.
But, for sure, it’s one unfortunate thing about a lot of different kinds of payment services like PayPal, a popular one to transfer money, but, to do so, they charge a fee.
Moreover, I think that they make their money on the hardware. Hence, they’re not worried about payments, so if you have someone with Apple Pay cash set up on their end, which I believe requires iOS 11.2 or above.
If you have Apple Pay cash to set up on your end simply through a little tap on iMessage, you have to tap it and tell them how much money you want to request or pay there are lots of different options they have programmed into Apple Pay cash.
For instance, one method means that you can manually accept money, so someone can send you the money you can look at it first and see who it’s from and then allow it.
Apple pay cash is not affiliated with a bank, this is Apple’s card, but of course, the way to get money on this card is by sending money through iMessage from your friends or adding money directly to your Apple Pay card from your bank account.
Using Apple Pay, you can bring up your Apple pay cash card, or if a friend sends you money to your Apple pay cash, you can have that money directly on your bank account, as it takes only a few days.
Moreover, as I said, there will be no fee charged, whereas transferring money to your bank via PayPal will charge you. If you want it to be done fast, usually it takes twenty-five cents, but one advantage of having Apple Pay built-in to iMessage is that it’s very easy to send money to people with Siri.
How Apple Pay cash or Apple Cash work?
Apple Pay cash is an actual card where the money is sailed, and Apple Pay is an action it’s a method of transaction, so, both of them are two different things, and Apple makes both. But, the fact is that both of them sound very similar.
Apple Pay cash helps you to experience services like Venmo and Paypal. Usually, it allows you to send money to other iOS users through Messages.
Well, the money that you send to others that are taken from the Apple Pay card(s) you previously use.
When that cash is collected, it is computed to a new virtual payment card that is located in the Wallet. With the help of Apple Pay cash, you can also transfer the money into your bank account.
Various ways of using Apple Pay cash service
You can use the Apple Pay cash features in various ways, for example:-
- You can share your restaurant and household bills.
- Apple Pay cash will help you to give your children virtual pocket money.
- Hopefully, we will be able to see that Apple Pay cash is being used to pay fees for services.
Apple Cash is located in Apple’s digital Wallet. You can store cash from a debit or with your prepaid card, then utilize the Wallet to support Apple Pay transactions, or you can also transfer and receive money from others.
In case, if you want to withdraw money from Apple cash, then you have to click on that card. Once you click the card, you will see a black card, it has a little icon logo, thus click on the card, and you can see the Apple cash.
Now you can see how much money you have in your Wallet. So if you have received money from somebody in your Apple Cash wallet through iMessage, and you want to transfer that received money to your bank account.
How to transfer Apple Cash to Bank account?
The procedure for transferring money is pretty straightforward. We will discuss the whole procedure step by step. So, now without wasting any more time let’s get started with the steps that we have mentioned below:-
- Open the wallet app on your device.
- Now link it with your Apple Cash card.
- Click on the three dots that are present in the right corner.
- Tap the Transfer to the Bank option.
- In case if you have not added a bank account, click “Add Bank Account” and insert your routing number.
- Now enter the amount of money that you want to transfer to your bank account.
- Now click on the transfer button.
- Authenticate applying Face ID, Touch ID, or passcode.
- After performing all the steps carefully, a few moments later, a screen will pop-up again with a message.
- The message is, “it will take one to three business days to transfer the money to the bank account.”
- This confirms that all the given information has been accepted, and it will soon transfer Apple cash to the bank account.
- All done now.
That’s it, now you’re done, like this, you can transfer Apple Pay Cash or Apple Cash to your bank account.
But, if you still have any queries regarding this subject, How to transfer Apple Cash to Bank account, then feel free to ask your question in the comment section below, or you can also contact us via our Contact Us page.