“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Show Their reviews hold us accountable for publishing high-quality and trustworthy content. About our Review BoardWritten by Nicole Dieker Written by Nicole DiekerArrow RightPersonal Finance Contributor Nicole Dieker has been a full-time freelance writer since 2012—and a personal finance enthusiast since 2004, when she graduated from college and, looking for financial guidance, found a battered copy of Your Money or Your Life at the public library. In addition to writing for Bankrate, her work has appeared on CreditCards.com, Vox, Lifehacker, Popular Science, The Penny Hoarder, The Simple Dollar and NBC News. Dieker spent five years as writer and editor for The Billfold, a personal finance blog where people had honest conversations about money. Dieker also teaches writing, freelancing and publishing classes and works one-on-one with authors as a developmental editor and copyeditor. Nicole Dieker Holly D. Johnson Written by Holly D. JohnsonArrow RightAuthor, Award-Winning Writer Holly Johnson writes expert content on personal finance, credit cards, loyalty and insurance topics. In addition to writing for Bankrate and CreditCards.com, Johnson does ongoing work for clients that include CNN, Forbes Advisor, LendingTree, Time Magazine and more.
Holly D. Johnson Edited by Grace Pilling Edited by Grace PillingArrow RightEditor Grace Pilling Reviewed by Antonio Ruiz-Camacho Reviewed by Antonio Ruiz-CamachoArrow RightFormer Senior Director of Content Antonio Ruiz-Camacho is senior director of content for CreditCards.com and Bankrate Credit Cards. He has more than 20 years of international experience leading content teams, focused on consumer advice, technology and immigration. With a rating of 4.5 stars, the Cash app is amongst the leading application for transferring money and paying monthly bills. The app was recently updated on May 18, 2020, and it is easy to download even while using the mobile data because of its size of 8.2 MB. Apart from this, The Cash App currently has 7 million active users and it has updated its layout and added the ability to purchase stock without any fees in the 'Investing' section. This gives users access to buy stocks, Bitcoins and more. However, sometimes a few users find it hard to understand several things, and they often ask questions such as "how much money can you send on Cash App?" If you are wondering the same, here is a step by step guide for you. Also Read | How To Send Bitcoin On Cash App? Learn How To Buy Or Withdraw Bitcoins Easily The Cash App restricts its users from sending large amounts of money with an unverified Cash App account. This means an unverified Cash App account holder can only send $250 within any 7-day period, regardless of whether if it is sent at once or spread out over multiple transactions. An unverified account is also restricted from receiving amounts more than $1,000 within the 30-day period. Also Read | What does pending mean on Cash App? Learn all about the Cash App pending status here However, if you wish to send and receive money more than the limitations by the Cash App, all you need to do is verify your account. The process of account verification helps Cash App to easily aid higher transactions. This process will be automatically initiated when you try to send an amount greater than the $250 limit imposed on non-verified accounts, or when someone tries to send you more than the $1,000 limit. Also Read | How to report a fraud on Cash App? Learn how to cancel transactions here Verifying an account is easy and it simply means a user has to provide some basic information such as your social security number, full name, and your date of birth, etc. However, the app may request for more information in some cases if this data is not sufficient. With a verified account, you can send up to $7,500 per week and receive an unlimited amount of money. |