Which Devices Support Apple Cash
Apple Cash is available on iPhone, iPad, and Apple Watch running iOS 11.2 or later or watchOS 4.2 or later. The following devices are compatible with Apple Cash, but remember, you have to live in the US:
- iPhone models with Face ID
- iPhone models with Touch ID
- iPad Air, iPad, and iPad mini models with Touch ID or Face ID
- Apple Watch Series 1 and 2 and later
- Apple Watch
Refill Apple Cash Balance
By default, your Apple Cash payments take the necessary funds directly from your linked debit card, but you can also preemptively fill your balance. Go to Settings > Wallet & Apple Pay, then tap Apple Cash under the Cards header. At the Apple Cash screen, tap Add Money, enter the amount you wish to deposit, then tap Add.
The minimum amount is $10. Authenticate the transfer with Face ID, Touch ID, or your passcode. You’ll then see the amount listed as your Apple Cash balance.
How To Request Money Through Apple Cash
You can send a request for money through Apple Cash in the Messages app and the recipient can tap Pay, then change or confirm the amount they want to send.
To request money through Apple Cash on your iPhone or iPad, follow these steps:
To request money through Apple Cash on your Apple Watch, follow these steps:
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How To Transfer Apple Cash To Your Bank Or Debit Card
Apple Cash allows users to easily send and receive money through the Messages app on any Apple device. Similar to a debit card, it lives on the Wallet app and users can load money on it from another debit card.
However, you also have two options to move money off of an Apple Cash card outside the Messenger appeither to a connected bank account or to another eligible debit card in your Wallet.
If youre unsure of how to transfer Apple Cash funds off the card, no worries. This article will walk you through the process.
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D Additional Terms And Conditions For Using The Funds Transfer Service
Except as otherwise expressly provided herein or as otherwise required by applicable law, transactions authorized in connection with the Funds Transfer Service are non-refundable. We are not responsible for any loss of funds if you authorize and instruct us to send funds to the wrong User, account, or other designated recipient. Without limiting any other provisions of these Terms or our rights or remedies under applicable law, if you charge back or reverse a P2P Transfer funded with a Supported Payment Card with the issuer of such Supported Payment Card, we may reduce the balance on your Apple Cash Card by the amount charged back or reversed, even if such action would result in a negative balance.
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How To Cancel An Apple Cash Payment
If you want to cancel an Apple Cash payment, follow the steps below:
If Cancel Payment isn’t an option, the person you sent the payment too has already accepted the money.
C Direct Payments Service
You may use funds in your Payment Account to make payments to certain eligible businesses that you authorize , except as specified in Section 5 above entitled Using a Family Account Limits. The Direct Payments Service is a service offered by Apple Payments, and your use of the Direct Payments Service is subject to Apple Payments Direct Payments Terms and Conditions, which are available at applepayments.apple.com. We are not responsible for the delivery, quality, safety, legality, or any other aspect of goods or services that are paid for using the Direct Payments Service.
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How To Set Up Apple Cash For A Child Or Teen
It’s also possible to set up Apple Cash for a family member that is under 18 and in your Family Sharing group so they too can make purchases, and send and receive money in Messages. You can limit who your child or teen can send money to, get notified when they make transactions, and lock their account.
The family organiser has to set Apple Cash up for the child or teen, and they will need to use the same Apple ID for Apple Cash as they did for setting up Family Sharing.
They will also need to have a compatible iPhone, iPad or Watch running the latest iOS, iPadOS or watchOS software. They will also need to sign in to iCloud on each family member’s device using their Apple ID, turn on two-factor authentification for each Apple ID and make sure each device region is set to the US.
If you can tick all those boxes, these are the next steps:
You can read more about how to manage your child’s Apple Cash accounts here.
To Delete Your Bank Information
Tap Delete Bank Account Information. You will need to tap on it again to confirm. Once youve wiped out your Apple Card information, you can add your bank information again as usual.
Note: When you update your information on one device, it automatically syncs with all the devices connected with the same Apple ID.
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Use Instant Transfer Apple Cash With A Visa Debit Card
The steps for instantly transferring funds to an eligible Visa debit card are similar to that of a bank transfer. It takes up to 30 minutes for the transfer. Theres a small charge associated with the transfera one percent fee .
The selected amount will be transferred within 30 minutes.
Request Apple Cash From Someone
You can also use it to request money. For example, if you bought tickets to a movie for yourself and a friend, you can request the money they owe you.
1. From Messages tap the Apple Pay button.
2. Next, enter an amount and then tap Request. You don’t have to, but it’s probably a good idea to add a message.
3. When you’re done hit Send.
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How To Use Apple Cash
You can use your iPhone, iPad, or Apple Watch to send and receive money or buy items online or in-store. Here’s how to use the Apple Cash app.
If you use Apple Pay on your iPhone, iPad, or Apple Watch, you can pay for things at physical stores, from online retailers, and within supported apps. Apple Cash expands that capability as a peer-to-peer payment service that allows you to send and receive money as easily as you might send a text message.
Rolled out in 2018, Apple Cash can be linked to a credit card or debit card. Since Apple Pay allows you to add more than one card, you can set up a credit card for regular transactions and a debit card for Apple Cash to dodge the transaction fee. You can then use any money received via Apple Cash to purchase items or use it in conjunction with the Apple Card to pay the balance or use cashback rewards.
When an Apple Cash request is received, it is added to the Apple Wallet in the form of an Apple Cash virtual card that can be used to purchase items through Apple Pay or transferred directly to a bank account. To send and receive money using Apple Cash, you must be 18 years old and live in the US, have an Apple device that is compatible with Apple Cash, and enable two-factor authentication for your Apple account. Heres how to set up and use the service.
How To Transfer Apple Cash To Your Bank Account
You can transfer some or all of your Apple Cash to your bank account. It takes one to three days for the transfer to complete, but it’s completely free with no transfer fees.
If necessary, confirm the transaction with your Face ID, Touch ID, or passcode.
The money should appear in your checking account in one to three days.
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F Family Account Information And Transaction History
Family Users can view their Apple Cash Card balance and obtain information about their Family Account and transactions at any time and at no cost directly from their Eligible Devices. You can also view the balance available on an Apple Cash Card associated with a Family Account at any time and at no cost by: accessing your Apple Cash Account information on your Eligible Device or calling 233-8552.
Additionally, you, as well as a Parent in your iCloud Family, can access and view transactions associated with a Family Account at any time and at no cost from an Eligible Device. You can request a more detailed electronic transaction history for a Family Account , at any time and at no cost from an Eligible Device. By establishing a Family Account, you consent to share and make information about a Family Account available to the applicable Family User and a Parent in your iCloud Family.
If a Family Account subsequently becomes a Graduated Account , neither you nor a Parent in your iCloud Family will be able to view balance and transaction information or request an electronic transaction history for the Graduated Account from an Eligible Device. However, you may contact us to request a transaction history for a Family Account, although this transaction history will only include transactions that occurred prior to Graduation . Please see Section 8 below entitled Apple Cash Account Information and Transaction History for more information on how to contact us to do so.
How To Transfer Apple Cash To A Debit Card
If you prefer, you can transfer some or all of your Apple Cash to an eligible Visa debit card. This has the advantage of being an instant transfer, but you’ll be charged a small fee .
The money should appear in your debit account within 30 minutes.
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Apple Cash Instant Transfer Now Works With Mastercard Debit Cards
Apple Cash, Apple’s peer-to-peer payments service that works with Apple Pay and iMessage, received a couple of small updates on Thursday.
It’s now possible to use Instant Transfer with both Mastercard and Visa debit cards. Previously only the latter card could be used, so the addition of Mastercard means Instant Transfer is more accessible to users who want to quickly transfer money from an Apple Cash balance to a bank account without having to wait for the transaction to be processed.
Apple says that beginning August 26, 2021, the cost of making an Instant Transfer will change to 1.5% of the transfer amount, with a minimum fee of $0.25 and a maximum fee of $15.
If users don’t want to use Instant Transfer, they can also transfer money to their bank account using ACH and receive it within one to three business days with no fee.
To make an Instant Transfer, open the Wallet app and select your Apple Cash card, then tap the three-dotted icon. Tap Transfer to Bank, enter an amount, and select Instant Transfer.
Currently only available in the United States, Apple Cash can be used to make and receive payments in Messages, or you can get Siri to send money to a friend or family member.
How To Receive Money Into Your Bank Account Through The Zelle App
With Zelle, the money moves from one bank account to another bank account at zero charges. The bank account, however, should be in the U.S.
If your bank or credit union offers Zelle, the app comes integrated with your mobile banking app. The Zelle standalone app is also available for download on your smartphone.
Zelle doesn’t have a separate balance for holding the money you sent to your Zelle account. If you are already enrolled with Zelle, the money is delivered directly to your bank account in minutes.
If you are not enrolled with the app, follow the following steps:
You will need to create your Zelle profile within 14 days of receiving the payment notification to receive the money. Once enrolled, the money is sent to the bank account associated with your Zelle profile.
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The latest Mac software, macOS 12 , brought major changes to Apple’s most powerful devices. This new software demonstrates Apple’s efforts to blur the line between Mac, iPad, and iPhone devices for increased flexibility and compatibility. Some of the most exciting new features outlined in this macOS Monterey Guide will teach you how to enable a more cohesive experience and handoff between devices. Plus, you’ll learn new ways to collaborate and share with both Apple and non-Apple users!
How To Respond To An Apple Cash Request
To respond to an Apple Cash request in Messages on your iPhone or iPad, follow the steps below:
To respond to an Apple Cash request in Messages on your Apple Watch, follow the steps below:
To decline a request for money, just ignore the message.
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Is It A Good Idea To Transfer Money From A Credit Card
The short answer is no, it’s not a good idea to transfer money from a credit card to your bank account. It’s always a better option to use income or savings when possible to avoid going into debt. If it’s an unavoidable emergency and you must take on debt, consider other options that carry lower interest first. This could mean a low interest personal loan, home equity line of credit or a new credit card with a 0% interest introductory offer. Or you could even try to borrow the money from a friend or family member.
They might not be as bad as payday loans, but cash advances should never be the first option you consider for fast cash. For one, the interest rate on a cash advance is typically very high, so if it will take you some time to repay it, you’ll pay a pretty penny in fees for this privilege. The interest rate on a cash advance is typically higher than the purchase APR on a credit card. But with a credit card purchase, you’ll at least have a grace period of no interest for a few weeks, so a purchase will carry no interest if it is paid off fast enough. Cash advances have no grace period, so the interest starts accruing as soon as you take the cash out.
Then there are the fees. Most credit cards carry a cash advance fee, which will be either a small flat fee or percentage of the advance amount, with the majority of card issuers charging a 5% fee for every cash advance. If you’re taking out large amounts, that can add up fast.