How do I avoid Cash App withdrawal fees?

Ditching Cash App ATM Fees: The Direct Deposit Solution

Cash App offers a convenient way to manage your money, but those ATM withdrawal fees can quickly add up. Luckily, there’s a simple and effective way to sidestep these charges and keep more of your cash: activating direct deposit.

While Cash App provides a free debit card (Cash Card) for purchases, withdrawals from ATMs typically incur a fee from both Cash App and the ATM owner. This double whammy can make accessing your money unexpectedly expensive.

However, Cash App offers a valuable perk for users who receive regular direct deposits: fee-free ATM withdrawals. By setting up direct deposit and receiving at least $300 per month, you unlock access to reimbursed ATM fees. This means Cash App will refund the fees they charge, up to $7 in ATM fees per transaction and up to $7 in ATM operator fees, totaling a maximum of $14 reimbursed per transaction. This effectively eliminates the cost associated with accessing your funds via an ATM, making managing your money much more affordable.

How to activate direct deposit and unlock free ATM withdrawals:

1. Open the Cash App: Launch the app on your mobile device.
2. Navigate to the “Money” tab: This is typically represented by a dollar sign ($) icon at the bottom of the screen.
3. Tap “Direct Deposit”: Look for the Direct Deposit option within the Money tab.
4. Get your account and routing number: Cash App will provide you with these details. This is the information you’ll need to provide to your employer or payroll provider.
5. Set up direct deposit with your employer or payroll provider: Inform them you’d like to start direct depositing your paycheck (or a portion of it) into your Cash App account, providing the account and routing number you obtained in the previous step.

Key Considerations:

• Minimum deposit: Ensure at least $300 is deposited into your Cash App account each month to maintain the free ATM withdrawal benefit.
• Timing: It may take a few pay cycles for the direct deposit and fee reimbursement to become active.
• Limits: While Cash App reimburses their fees, they don’t control fees charged by the ATM operator. Be mindful of these potential charges, especially when using out-of-network ATMs. Cash App’s reimbursement limit applies to ATM fees.

By taking advantage of this direct deposit feature, you can enjoy the convenience of Cash App without the annoyance of ATM fees, putting more money back in your pocket.