You probably know Cash App, even if you’ve never heard of it before. Formerly called “Square Cash,” it’s been renamed and rebranded.
Owned by Square (which is helmed by Twitter founder Jack Dorsey), the app allows consumers to send and receive money, link to an existing bank account, or spend money directly from Cash App with a dedicated debit card.
Users can also set up direct deposits to their Cash App account.
There is a transfer limit on Cash App for how much you can send and how much you can receive. Users are allowed to send “up to $250 within any seven-day period and receive up to $1,000 within any 30-day period,” according to the website.
Once you’ve verified your account by giving information like your name, date of birth, etc., those limits are lifted, according to a Cash App representative.
Additionally, if you have a Cash App debit card, you can use ATMs to withdraw up to $250 at a time; $1,000 in a seven-day period, and $1,250 in a 30-day period. And you can also get cashback at the register if the merchant allows it.
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