Can Cash App Card be used at ATM? The answer to that is ‘yes’. You can now use the Cash App Visa debit card to access money at an ATM machine. When using your card to withdraw funds, you can access the money in your Cash App account and not a bank account.
Now, in addition to using the Cash App Card to make payments, it is possible to withdraw cash from an ATM.
With the ATM access, you no longer need to transfer money from the Cash App to your Bank account in order to make withdrawals. Now you don’t have to wait for at least a day to make a deposit from Cash App to a bank account. You can simply slot your Cash App into an ATM machine to make a withdrawal.
To withdraw money from an ATM, you will not have to pay any additional charges to Square. It is all free of charge. However, you could be charged ATM withdrawal fees depending on the organization to which the machine belongs. This is similar to the charges made when you make ATM withdrawals using a debit card.
You can only be able to complete the ATM cash withdrawal process by keying in the PIN provided together with the Cash App card.
This service provides a high level of flexibility, given the freedom to access just about any ATM machine. There is no restriction concerning the types of ATM machines you can withdraw your money from.
Why Is Cash App Card Being Used For ATM Withdrawals?
While Cash App has been growing in popularity as a mobile payment app, the procedure of having to deposit money to a bank account before you can withdraw is cumbersome. That’s the major reason for the introduction of the ATM withdrawal feature. This has been made possible by the following:
• While the popularity of bank branches has been on a downward trend, ATM machines remain very popular. A majority of people prefer to use the ATM to make their withdrawals. In the US alone, over 61 percent of financial services customers withdraw their money from ATMs monthly. It doesn’t really matter how old or young one is. In some financial institutions, ATM interactions have been on the rise over the years.
• Cash App expects the ATM withdrawal feature to draw in some people who are yet to be reached. Most of the adults who haven’t been roped into the mainstream banking sector in the US have been using Cash App for a while now. It makes sense that this huge demographic can be brought into the mainstream through the introduction of the Cash App Card ATM withdrawal feature.
See Also: How Secure is Cash App (Square Cash)?
If you haven’t started using Cash App, this new feature should be reason enough for you to start using it now. As more service providers enter the P2P payment ecosystem, Cash App is seeking to maintain a competitive edge on the entire industry. This is good for you as a Cash App user, as well as the company itself. With the ATM feature, things can only get brighter.