Once you have sent or receive money into your Apple Pay Cash, and don’t want to keep the amount there, you can always transfer money from Apple Pay Cash to your bank account.
Note that you can transfer your money only to a United States bank account. Follow the steps given below to transfer Apple Pay Cash to a bank account.
How to Transfer Money from Apple Pay Cash to Bank Account
Step #1: First off, you need to open your card information.
On your iPhone: Launch Wallet app → Apple Pay Cash card → and then tap (i).
On your iPad: Go to Settings → Wallet & Apple Pay → tap on Apple Pay Cash card.
On Apple Watch: You can transfer money using the paired iPhone.
Step #2: Now you need to tap on info tab and next, tap on Transfer to Bank.
Step #3: If you have not added your bank account yet, you should tap on Add Bank Account. Next, type in your routing number and account number, and confirm your numbers (Find your bank account number or routing number).
It is super easy to find your bank account number and routing numbers on checks. Alternatively, you can contact your bank and ask for the numbers.
Step #4: Here, enter the amount you want to transfer.
Step #5: Tap on Transfer from the top right corner.
Step #6: Finally, you need to confirm with your Face ID, Touch ID, or passcode.
How much time does a bank take to transfer the amount?
Normally, banks take one to three business days to transfer your money. Keep an eye on your bank statement to know whether the amount is transferred and deposited into your account. Note that bank holidays or weekends may delay the process. Check holidays observed by the Federal Reserve.
How to Update Your Bank Account Information
Step #1: Open your card info:
On your iPhone: Launch Wallet app → Apple Pay Cash card → tap (i).
On your iPad: Settings → Wallet & Apple Pay→ tap Apple Pay Cash card.
On Apple Watch: You can edit the info using the paired iPhone.
Step #2: Now tap on the info tab and next tap on Transfer to Bank.
If you wish to delete your banking information: Tap Edit → Delete Bank Account Information → Confirm, i.e. tap again.
Once you delete the information, you can add your banking info again or add different information.
If you want to add your banking details: Add Bank Account→ Type in your routing number & account number → Confirm the numbers.
When you update above information on a single device, the same will be updated automatically on other devices, where you have signed in with your Apple ID.
On a single transfer, you can transfer up to $3000; and within seven days period, you can transfer $20000 from Apple Pay Cash to your bank account. Fortunately, you don’t have to pay any fee to transfer your money from Apple Pay Cash to your bank account.