How much does it cost to transfer $1000 on Cash App?

Cost of Transferring $1000 on Cash App

Cash App, a popular mobile payment service, offers convenient and generally free money transfer options. However, it’s important to be aware of the fees associated with instant transfers on the platform.

Standard Transfers

Standard transfers on Cash App are free and take a few business days to process. For amounts up to $1000, this method is the most cost-effective option.

Instant Transfers

If you need funds to arrive instantly, Cash App offers an expedited transfer option. However, this service comes with a small fee, calculated as follows:

• For transfers up to $100: $0.25
• For transfers between $100.01 and $200: 1% of the transfer amount
• For transfers between $200.01 and $500: 1.5% of the transfer amount
• For transfers between $500.01 and $1000: 1.75% of the transfer amount

Example:

To transfer $1000 instantly using Cash App, you would incur a fee of 1.75% of $1000, which equates to $17.50.

Conclusion:

Cash App offers free standard transfers that typically take a few business days. However, if you require instant funds transfer, be prepared to pay a fee ranging from $0.25 to a maximum of 1.75% of the amount transferred.