How much does Cash App charge on $300?

Cash App Fees for $300 Transactions

Cash App, a popular mobile payment service, offers various options for sending and receiving funds. When it comes to person-to-person transfers within the U.S., transactions of $300 or more are processed free of charge.

No Fees for Transfers Over $300

Unlike some other payment platforms, Cash App does not impose any fees for person-to-person transfers exceeding $300. This applies regardless of the payment method used, whether it’s your Cash App balance or a linked debit card.

Payment Method Comparison

Cash App provides several payment options for transfers. Fees vary depending on the method chosen:

• Cash App balance: Transfers from your Cash App balance are always free.
• Debit card: Transfers using a linked debit card are generally free, except for payments to other businesses, which may incur a 2.75% processing fee.

Additional Fees

While transfers of $300 or more are free, Cash App charges fees for other types of transactions, such as:

• Cash out to a bank account: 0.5% to 3% of the transaction amount (up to a maximum of $25)
• Instant transfers: 1.5% of the transaction amount (up to a maximum of $10)
• Payments to other businesses: 2.75% of the transaction amount

Conclusion

Cash App offers free person-to-person transfers of $300 or more within the U.S. This applies to both transfers from your Cash App balance and payments made using a linked debit card. However, it’s important to be aware of potential fees associated with other types of transactions.