How to Transfer Apple Cash to Bank

Posted by in Save Money | Updated on August 26, 2022

At a Glance: To transfer Apple Cash to your bank account, open the Apple Wallet app, tap the image of the Apple Cash card, tap the More button, tap Transfer to Bank, enter how much you want to transfer, hit Next, and confirm the transaction.

If you have an Apple device like an iPad or iPhone, Apple Cash is an easy way to access your money using your device. The Apple Wallet app provides different services to make it easy to use your money. Integrating Apple Cash payments into your normal banking gives you even more convenience. If you want to learn more about how to transfer Apple Cash to bank account, read on.

What is Apple Cash? 

Apple Cash is a feature of the Apple Wallet smartphone App. It allows iOS and iPadOS device users to transfer money to other people who have Apple Wallet. 

The receiver can then spend that money using Apple Pay, transfer it to someone else using Apple Cash. They can also withdraw the money into their bank account. 

How to Transfer Apple Cash to Your Bank Account

After you receive and accept an Apple Cash transfer from someone, you can choose to withdraw that money to your bank account. You have to link your bank account to Apple Wallet to transfer money to your bank account. 

Follow the instructions below to transfer money from your Apple Cash balance to your bank account:

  1. Open the Apple Wallet app
  2. Tap the image of an Apple Cash card, then tap the More button (…)
  3. Tap Transfer to Bank
  4. Enter an amount of money to transfer then tap Next
  5. Choose the 1-3 Business Days option. If you don’t have a bank account linked to your Apple Wallet app, follow the on-screen instructions to add one
  6. Confirm the transaction with Face ID, Touch ID, or your passcode. 

After you confirm the transaction, it will take up to 3 business days for the funds to be available in your bank account.

How to Transfer Apple Cash to Your Debit Card

After you receive and accept an Apple Cash transfer from someone, you can choose to withdraw that money to your debit card. You have to link your debit card to Apple Wallet to transfer money to your debit card. 

The instructions for transferring money from your Apple Cash balance to a debit card are listed below:

  1. Open the Apple Wallet app
  2. Tap the image of an Apple Cash card, then tap the More button (…)
  3. Tap Transfer to Bank
  4. Enter an amount of money to transfer then tap Next
  5. Choose the Instant Transfer option
  6. If you don’t have a linked debit card that is compatible you will need to add one first
  7. Tap the button labeled > to choose the card you want to transfer funds to 
  8. Confirm the billing information for your chosen debit card.

After you confirm the transaction, your funds should be available on your debit card within 30 minutes.

Troubleshooting Apple Cash Transfers

Although the procedure for how to transfer Apple Cash to bank accounts is simple, sometimes you may encounter problems that are difficult to understand. Below are a few things to keep in mind if you run into problems using Apple Cash.

Delays Are Not Unusual 

Depending on the method, it may take some time for the process to be finalized. Payment processing does not happen on weekends and bank holidays. 

That means if you initiate a withdrawal on a Friday, you may only see the transaction on your bank statement several days later on Wednesday. 

This is because Saturday and Sunday do not count within the 1-3 business days it takes to do the transfer. The same would apply on a bank holiday.

Transfer Limits

Apple Cash is for personal use. As such, there are limits to the amounts of money you will be able to withdraw to your bank account within a given period. 

You can transfer a maximum of $10,000 in a single transaction. In addition, you can only transfer a maximum of $20,000 within 7 days. If you reach either of those limits, you will have to wait to transfer Apple Cash to your bank account or debit card.

You can also try decreasing the amount of money you are trying to transfer.

Transfer to US Bank Accounts Only

To withdraw money from Apple Cash to your bank account, you need to link a compatible bank account. Currently, only accounts from banks in the United States are compatible with Apple Cash’s withdrawal function. 

If you try to withdraw to an account outside the United States, the transaction will fail. If you need to transfer money to a non-US bank account you can contact Apple Support, who may be able to help you.

Other Considerations

Besides the issues outlined above, here are some other things to keep in mind if you are experiencing problems with Apple Cash:

  • Bank statement: If you are unsure whether a transfer has been successful, you can always check your bank statement. 
  • Updates: Make sure you have installed the latest update for Apple wallet, and that you have the latest version of iOS installed (if you are using an iPhone). In rare cases, using outdated software can cause unexpected behavior.
  • Compatibility: Make sure the debit card you have linked with Apple Wallet is compatible with the withdrawal function of Apple Cash. Not all debit cards are compatible with this function. It must be a Visa debit card. It must also be eligible for the service. The best way to find out whether your card is compatible is to contact the company that issued it to you and ask.
  • Connection: Apple Wallet needs a stable internet connection to work correctly. If you are having trouble completing a transfer, check that you have a good signal. If you are using WiFi, make sure the network you are connected to has internet access.
  • Double-check details: It may seem obvious to check that the bank account details you entered are correct, but it is easy to make a mistake when entering long account numbers and routing numbers.
  • Get help: If you do not see the withdrawal in your bank statement after 2 hours (transfer to a debit card) or 3 days (transfer to a bank account), then contact Apple Support for help. Also, contact Support if your transfer keeps failing and you can’t figure out why.

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Final Thoughts 

You can choose from two methods of how to transfer Apple Cash to bank accounts or a debit card. If you transfer to a linked debit card, the funds will be available within 30 minutes. A transfer direct to a bank account takes 1-3 business days to reflect in your bank balance.


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