Cash App users generally aren’t aware of any Cash App limits because the typical user doesn’t use their account the same way they do a bank account.
Nevertheless, Cash App does impose many limits that might put off heavy users from using this popular mobile payments platform.
In this Cash App limits guide, we’re having a closer look at ALL Cash App limits, including transaction limits, ATM withdrawal limits, Cash Boost limits, as well as day trading and selling limits.
Cash App Transaction Limits
Let’s start with, arguably the most important limits – the transaction limits. As already mentioned, most, if not all, Cash App users haven’t even noticed any transaction limits.
It’s because the maximum amount of money you can spend per transaction, day, week, or month is so high that almost no one encountered these limits.
You see, your per transaction and per day spending limit is $7,000. That’s a mind-blowing amount that typical Cash App users don’t spend in a month or a year, let alone a day.
I’m not throwing shade at Cash App users. It’s just that the app wasn’t developed for people to keep and spend these types of amounts. You should NEVER hold thousands of dollars in your Cash App balance.
|Transaction Spending Limit||$7,000|
|Daily Spending Limit||$7,000|
|Seven-Day Spending Limit||$10,000|
|Thirty-Day Spending Limit||$25,000|
You may not know this but with Cash App, you can have up to four dependents who are 13 or older. You have full responsibility and liability for the use of the dependent accounts.
These dependent accounts will only have access to P2P transfers and the Cash Card. But, they’ll also have transaction limits that are below those of regular Cash App accounts.
The maximum amount that they can send or receive is $1,000 per transaction but also only $1,000 per month. That should be okay for most minors I guess. And, once they’re of age, they can become the sole owners of their dependent account.
With a basic, unverified Cash App account, you can only send and receive up to $1,000 in a month.
You can, however, easily increase these limits if you confirm your identity by giving Cash App:
- Date of birth
- Full name
- The last 4 digits of your Social Security Number
Some people will have to send additional information or even documents to verify their account.
Transferring Funds to Your Bank Account Limits
Cash App has the full authority to limit your Cash Outs. This means that they can limit how many Cash Outs you can initiate, and how much you can Cash Out in a single transaction, but also delay them at their sole discretion.
In their view, it is to protect themselves and others against chargebacks, fees, reversals, penalties, and similar.
ATM And Cashback Withdrawal Limits
Next up, we have ATM withdrawal limits as well as cashback limits. To withdraw cash, you’ll need a Cash App Card that you can get for free.
You can use it to get cash back at checkout counters and withdraw cash from ATMs. The limits are as follows:
- $310 per transaction
- $1,000 per 24-hour period
- $1,000 per 7-day period
For some, these limits will be fine, but for others that deal with more cash, the limits are kind of unacceptable. Luckily, there are many digital banks to choose from, and many of them have much higher withdrawal limits.
Cash App’s ATM withdrawals will cost you $2 by the company itself, but you may also have to pay a fee by the ATM operator.
However, if you receive $300 or more in direct deposits in any month, Cash App will return to you all the fees for three ATM withdrawals over the next month.
Cash Boost Limits
If you aren’t aware, Cash App Boosts are basically discount codes that you can use in restaurants, coffee shops, ridesharing, retail stores, etc. The Boosts can only be used with your Cash Card and can’t be used for Cash App Pay transactions.
Cash App Boosts have the following limits:
- Only one Boost can be active at any given time
- Some Boosts have minimum purchase and maximum discount amounts
- You can’t apply Boosts to cashback
- Boosts can expire
With so many Boosts available, it can be hard to choose only one. Luckily, you can swap them as often as you want. Additionally, you can see all the Boost’s details by tapping on a Boost in Cash App.
Yes, just like most coupons and discount codes, Boosts can also expire and are replaced with new offers.
Stock Selling Limits
You can use Cash App to invest in stocks. The minimum sale amount is $1 and you can sell all the stocks that you own or just some.
There is an interesting clause that I’ve found in their T&Cs. And that is if you want to sell stocks that are close to the total amount you own (98% or more), then you have to sell all of them or pick a lower amount of stocks in your portfolio to sell.
Here’s an example. If you own $100 in stock and want to sell $98 worth, you have to sell the whole $100 or pick an amount that’s lower than $98.
Day Trading Limits
Day traders should know these limits very well. However, if you’re new to day trading or you don’t even know what it is, here’s the explanation.
A day trade is when you buy and sell the same stock on the same market day. It doesn’t matter if you sell the stock first or buy it, as long as it’s happening the same day, it’s viewed as day trading.
So, what are the day trading limits then?
When you buy stocks, you can only make 3 day trades within a rolling 5-day trading period.
It doesn’t matter if you’re day trading only one stock or different stocks. Any day trade you make will apply to your total limit of 3 day trades in five days.
Nevertheless, even if you surpass your day trade limit, you can still buy and sell stock as normal as long as you’re not making any new day trades.
As you can see, Cash App wasn’t made for day trading and if you’re interested in that, you’re better off using a dedicated service or app.
Although typical Cash App users perhaps don’t encounter limits often it doesn’t mean they don’t exist.
There are in fact many Cash App limits in terms of transactions, transfers, Cash Outs, Boosts, as well as stock-trading limits.
Cash App was made for sending small payments to friends, family, and select businesses. It wasn’t developed as a large-scale payment platform. They explicitly say you shouldn’t send money to people you don’t know.
Therefore, the limits that Cash App imposed on its users should be more than enough for the vast majority of users that use the app as intended.
Adrian Volenik is a fintech enthusiast who loves testing and reviewing digital banking apps and financial products in general. How many digital banking accounts can one man have? Not enough, if you ask Adrian. As his wallet will soon explode if he doesn’t cut back on the number of cards.