Should you close your foreign bank account?
Considering closing your foreign bank account? Discover the tax implications, benefits, and steps involved in making this decision. Learn more here.
Are you bored with your standard debit card? If you are, then learn in this article how to sign up for a Cash Card from Cash App, as well as how to use it.
And if you want to learn about alternative debit cards, we’ll also throw in some helpful info about the Wise debit card, which you can use to spend at the mid-market exchange rate in 174 countries.
If you want to join the Cash App card club, then you’re in luck - the process is quick and easy. Also, what’s especially cool about the card is that you can customize it¹. You can decide the color of it, as well as add an emoji and signature on it. Not your average debit card, right?
On top of this, the card is free to order. If you’re wondering how to get a Cash App card, then here are the simple steps you need to follow¹:
And finito - that’s it! The only condition is that you must be over the age of 18 years old to order a Cash App card.
All you have to do is wait for your card to arrive, then activate it when it does. We’ll look at both of these steps next.
Once you’ve ordered it, your card should arrive within no more than 10 business days¹.
If you already have a Cash Card, but it’s lost or stolen, the good news is that it’s easy to report it and get a new one. Here’s what to do²:
If you’re looking for a debit card - especially for using abroad - then you may also be interested in Wise’s debit card.
With the powerful Wise debit card, you can:
You can get a Wise debit card for a one-time fee of just $9⁸ when you open a Wise account online. There are no monthly or subscription fees, and never any hidden charges.
Once you’ve applied for your card, and it’s arrived in the mail, you’ll want to know how to use a Cash App card for the first time.
Once you get your Cash Card, you’ll need to activate it. After that, you can begin using it anywhere Visa is accepted, in stores and online.
There are two ways to activate your card.
The method that should be the easiest is to go into Cash App to activate your card using a QR code.
All you have to do is³:
If your Cash Card doesn’t have a QR code, then don’t worry - you can still be part of the gang! What you’ll have to do is activate your Cash App card using the CVV code instead. To do that, you’ll need to³:
If you still have a question about the Cash App card, hopefully you’ll find your answer below. For more info on how Cash App works in general, take a look here.
The Cash App card works like a normal Visa debit card. If you’re wondering - ‘where can I use my Cash App card?’ - the simple answer is that it can be used online and in stores.
Your Cash Card is connected to your Cash App balance, rather than being a card that you preload with funds.
To withdraw money from your Cash App balance to your bank account, simply use the ‘Cash Out’ button on Cash App and enter the amount you’d like to withdraw¹.
💡 Find out more about how money apps like Cash App work here. |
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Overall, there are very few instances where your Cash card will be charged fees. But, for instant deposits and ATM withdrawals, you will be liable to pay some fees.
The main one to know about is ATM fees, where you’ll be charged $2.50 per withdrawal⁴. There may also be additional fees charged by the ATM for using a card belonging to a different bank.
Cash App does offer a way to get some free ATM withdrawals, though. Receive qualifying deposits of $300 or more in your Cash App account, and you’ll be reimbursed for 3 ATM withdrawals per 31 days⁴.
💡 Read more about Cash App fees. |
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As cool as it may be, Cash App does still have limits on sending, spending, withdrawals and receiving. Here’s a quick look at transaction limits⁵:
💡 Learn more about Cash App limits. |
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🔎 Restricted and Unrestricted Accounts |
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Just to be clear, a Restricted Account is one where you can do everything except send money directly from your Cash App balance. To send money using a Restricted Account, you have to use your linked bank account via the app. If this just won’t do for you, then you’ll need to upgrade to an Unrestricted Account. To do this, you’ll need to provide some more personal information. Once that’s done, you can then start sending money directly from your Cash App balance. |
If you’re interested in researching your options, then you might want to take a look at other international prepaid debit cards, such as Wise's debit card.
Learn more about the Wise debit card
Sources used for this article:
Sources checked on 31 October 2022
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
Considering closing your foreign bank account? Discover the tax implications, benefits, and steps involved in making this decision. Learn more here.
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