When you create a Cash App account for the first time, you’ll notice a lot of inconvenient limits that you have to contend with. Cash App claims you can modify these limits by verifying your account, which sounds like a good deal since verification is free.
However, verifying an account is not the problem; how much of an increase will you see in the limits if you’re willing to go through the verification process? What exactly is the Cash App limit after verification that should inspire you to go out of your way to verify your account?
In this article, I’ll be discussing Cash App and its limits. You’ll learn what the Cash App limits are, and how the limits will change once you finally verify your account. In addition to that, I’ll show you how to verify a Cash App account to access the conveniently-increased limits.
What are Cash App Limits?
Like every other finance and banking service out there, Cash App limits how much you can send, spend and receive on your Cash App account within a specific period. Once you try to go over that limit, you’ll experience unexplained issues with your Cash App account.
The limits exist for many reasons: for one, it prevents Cash App from being a hotbed for scammers that need an alternative to traditional banks. Allowing people to transact unrestricted is akin to giving them a flagship bank account without knowing who they are in the first place; doesn’t make any sense.
Another reason is to prevent money laundering and related financial frauds. If people could sign up with Cash App while providing minimal information about themselves and still be allowed to transact with huge amounts of money, they’ll certainly use the app to move illegal funds in large quantities, hence, the limit.
Luckily, you don’t have to live with the default Cash App limits, which are admittedly very stringent. You can always verify your identity on the app for better limits, which will give you more headroom for doing business within the app, but what exactly are those stringent limits before verification?
What is Cash App Limit before Verification?
While the title of the article says “Cash App limit after verification,” I recently discovered that posting before and after photos is a lot more dramatic than posting after photos alone. Because of that, we’ll look at the Cash App limits before verification to use as a benchmark for comparison.
When you create a Cash App account without verifying your identity, you can send up to $250 in 7 days. In short, if you made a $250 transfer to another Cash App user, you won’t be able to use the platform for money transfers until after 7 days.
That’s not all; the maximum you’re allowed to receive on Cash App over 30 days is $1,000 for an unverified account. Needless to say, this is so limiting that it makes Cash App unusable. For context, $1,000 divided by 30 will amount to around $33; that’s how much you can receive if you’re constantly receiving money from others using Cash App.
Also, you won’t be able to withdraw money on your Cash App balance to your bank account, and the reason for that is pretty straightforward. There’s no way to link a bank account or debit card to Cash App without verifying your account, and there’s no way to withdraw money without linking your bank.
If these limitations make no sense to you, you don’t have to live with them. You can always verify your identity with Cash App at any time to increase the limits instantly. The following section will show you how to increase your limits by verifying your account before outlining the Cash App limit after verification.
How to Increase Cash App Limit
If you’re not very comfortable with your Cash App limit, you don’t have to live with it. Cash App will readily increase your limit to something several times better, provided you’re willing to also go through the Cash App verification process.
In short, the only way to get Cash App to increase your limit is by verifying your account, which only requires submitting some information about yourself and adding a bank account. Here’s a detailed guide to help you increase your Cash App limit through verification.
- Attempt to make a payment exceeding $250
Interestingly, the easiest way to get to the page that will let you verify your Cash App account is by trying something locked for verified users only. The quickest one I can think of is firing up the app and attempting to send more than $250 in one go. Cash App should load up the account verification prompt automatically.
- Enter the required details
Verifying your account requires you to enter some personal information like your name, date of birth, and your social security number. Fill in all the required fields in the form that come up and submit the form when you’re done.
Cash App should review your verification request and verify your account in no time if there are no problems with the information you submitted, thereby increasing your limit to something more acceptable.
However, even that begs another question: what is the Cash App limit after verification? The following section should answer your question in detail.
What is the Cash App Limit after Verification?
If information from Cash App is anything to go by, your limits shouldn’t stay the same after verification. Cash App will increase the sending limit on your account to $7,500 per week, which is a far cry from the ridiculous $250 weekly sending limit for unverified accounts.
In addition to that, you’ll also be able to receive an unlimited amount of money. When you compare that to the $1,000 monthly for users without verification, you’ll understand why undergoing the verification process is a must if you have a Cash App account.
It’s crucial to note that Cash App will still report your transactions to the government if you’re receiving ridiculously large amounts of money using Cash App.
In addition to the limits associated with money transfers, verifying your account should also let you add a bank account to Cash App and withdraw your money. It also gives you access to the Cash App card, a Visa debit card that’s a must-have for the app’s users. In short, there’s no reason why you wouldn’t want to verify your account.
When you verify your account, you should be able to receive as much as you want to your Cash App account, while outgoing transfers will be capped at $7,500. It’s not the best thing in the world, but it’s certainly better than not being able to send over $250 in 7 days.