Cash App, a mobile payment service developed by Square Inc, has become increasingly popular in recent years. It allows users to send and receive money from friends and family, pay bills, and even invest in stocks. However, one question that often arises is how much money can you load on Cash App? In this article, we will discuss the limits and restrictions of Cash App and help you understand how to use it to its fullest potential.
Personal Account Limits
When it comes to personal accounts, Cash App imposes certain limits on the amount of money you can load, send, and receive. The maximum amount you can load on Cash App is $10,000 per week. However, this limit may vary depending on the account verification level. For example, if you have completed the identity verification process, you may be able to increase your weekly limit to $25,000.
As for sending and receiving money, the maximum amount per transaction is $7,500 and the maximum amount per week is $17,500. Keep in mind that these limits may change depending on various factors such as the age of your account, your transaction history, and the recipient's Cash App account status.
Business Account Limits
If you are using Cash App for business purposes, you can create a business account that offers higher transaction limits. The maximum amount you can load on a business account is $250,000 per week. However, to qualify for this limit, you need to provide additional documentation such as tax ID, business license, and bank statements.
Your business account can also send and receive larger amounts of money. The maximum amount per transaction is $15,000, and the maximum amount per week is $35,000. However, similar to personal accounts, these limits may change based on your transaction history and account activity.
International Transactions
While Cash App is primarily used in the United States, it does allow international transactions. You can send and receive money internationally, but there are some fees and limitations involved. The fee for sending money internationally ranges from 1% to 3% of the total amount, depending on the country you are sending the money to. Additionally, Cash App requires you to verify your identity and address before you can use the international transfer feature.
When it comes to international transaction limits, the maximum amount you can send per transaction is $250 and the maximum amount you can send per week is $1,000. Keep in mind that these limits may vary depending on the country you are sending the money to and the recipient's Cash App account status.
Conclusion
Cash App has become a popular payment option for many people, but it's important to understand the limits and restrictions that come with it. Whether you are using a personal account or a business account, the maximum amount you can load, send, and receive on Cash App depends on various factors. Additionally, international transactions come with their own set of fees and limitations. By understanding the limits and restrictions on Cash App, you can make the most out of this convenient payment option.
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