How to Add Paper Money to Cash App
Cash App is a popular mobile app designed to make transferring funds from one user to another as simple as a few taps on your phone. However, many users wonder how to add paper money to Cash App, given that the app began with the original premise of linking a bank account to the service.
Fortunately, there are several options available for transferring physical cash to a Cash App account. In this guide, we’ll cover each of those options, from linking a bank account to depositing cash at in-person retail locations, and more.
Linking a Bank Account
The first step in adding funds to your Cash App account is to link a bank account. This is done via the app, and takes only a few moments to set up. Here’s how to do it:
- Open the Cash App and navigate to the Banking section.
- Tap the “Add a Bank Account” option.
- Select your bank from the list (or use the “Other Banks” option if your bank is not listed).
- Log in to your bank account with your ID and password and follow the prompts to authorize Cash App as a linked account.
Once your bank account is linked to Cash App, you’ll be able to add funds to your account using the app itself.
Adding Money from a Linked Bank Account
After linking your bank account, the next step is to add money to the Cash App from that account. Here’s what you need to do:
- Open the Cash App and navigate to the Banking section.
- Tap the “Add Cash” option.
- Enter the amount you wish to deposit into your Cash App account.
- Confirm the deposit by entering your PIN or using Touch ID.
It’s essential to ensure that the account you’re linking to Cash App is your preferred account before attempting to deposit any funds. You can link multiple bank accounts to your Cash App account, but you’ll need to switch between them if you deposit funds from multiple sources. Simply choose which account to deposit from before following the steps outlined above.
Purchasing a Cash Card
If you frequently use Cash App to transfer funds, you may want to consider purchasing a Cash Card. The Cash Card is a physical debit card that’s linked to your Cash App account, allowing you to spend your balance much like a traditional bank account.
To purchase a Cash Card, do the following:
- Open the Cash App and navigate to the Cash Card section.
- Choose the color and design of your new card, as well as the personalized signature you would like on the front.
- Submit your request and wait for your new Cash Card to arrive in the mail.
When your Cash Card arrives, you must activate it via the app before it can be used.
Depositing Money at Retail Locations
In some cases, you may prefer to deposit cash at a physical location instead of linking a bank account or purchasing a cash card. The Cash App offers this option for users who don’t have traditional bank accounts or don’t wish to link them to the app.
To deposit cash at retail locations, including Walgreens, 7-Eleven, and CVS pharmacies, follow these steps:
- Open the Cash App and navigate to the “Add Cash” option.
- Select the “Use Cash” option, then choose the “Find a Store” option.
- Enter your location to find the nearest participating retail stores.
- Visit the store and inform the cashier that you wish to add money to your Cash App account.
- Provide the cashier with your phone number and the amount you wish to deposit.
- Pay the deposit amount plus any associated fees, if applicable.
- Wait for the funds to appear in your Cash App account (this can take up to 20 minutes).
It’s worth noting that this deposit method incurs a fee, which varies depending on the location. You can expect to pay between $1.50 and $3.00 per transaction, which will be deducted from the deposited amount.
Receiving Money from Friends/Family
In addition to the methods for adding funds to your Cash App account, you can also receive funds from other users of the app. This option is ideal for receiving payments from friends and family members who also use Cash App.
To receive money from a friend or family member, follow these steps:
- Open the Cash App and navigate to the “Request” option.
- Enter the amount you wish to receive and send the request to the sender.
- Wait for the funds to appear in your account (this usually takes only a few minutes).
It’s important to note that there are limits on how much money you can receive from friends or family via the Cash App. The current limit is $1,000 per week.
Securely Adding Paper Money
Whenever you add funds to your Cash App account, it’s essential to take precautions to ensure the security of your money. Some best practices include:
- Using a secure Wi-Fi network.
- Avoiding public places when adding money.
- Double-checking all transactions before confirming the deposit.
By taking these steps, you can ensure that your paper money is added to your Cash App account securely and without incident.
Conclusion
Adding paper money to your Cash App account is a simple process that can be accomplished via several methods, including through a linked bank account, depositing funds at physical retail locations, and by receiving money from friends or family members using the app. By utilizing these techniques, you can quickly and securely add funds to your Cash App account whenever you need to.
So go ahead and try these methods and continue to enjoy the convenience of Cash App.