How to transfer money from apple wallet to bank account

Keep cash in your Apple Pay Wallet

Updated on December 10, 2021

What to Know

  • Set up Apple Pay Cash: Tap Settings > Wallet & Apple Pay > Apple Cash and follow the instructions.
  • Add money: Open Wallet, tap Apple Pay Cash card > three horizontal dots > Add Money, enter amount and account, and tap Add.
  • Check balance: Open Wallet, tap Apple Pay Cash card > three horizontal dots. Under Add Money is your balance.

If you have an iPhone, Apple Pay is the easiest way to send money to other iPhone users and pay with your phone or Apple Watch. If you don't want to use a credit card with it, you can add money to the Apple Pay Cash card from a debit card.

How to Add Money to Apple Pay Cash

If you live in a supported country, this is how you add money to your Apple Pay Cash account.

Money can only be added to Apple Pay Cash for users in supported countries. While this feature will presumably roll out to more supported countries in the future, adding cash to Apple Pay can only be done in the United States.

  1. Make sure Apple Pay Cash is set up. Tap Settings > Wallet & Apple Pay, and tap the Apple Cash toggle to enable it. Follow the instructions to verify your identity.

  2. An Apple Pay Cash card should be added to the Wallet app. Open the Wallet app and tap the Apple Pay Cash card.

  3. Tap the three horizontal dots in the upper right corner to access the Cash card settings.

  4. Tap Add Money and enter the amount to add to your card from the bank account associated with your Cash card. Choose an amount from the QuickBar at the top of the dial pad, or type in a custom amount. Tap the Add button.

    The bank account associated with the card can be seen on the same settings page and switched at any time.

How to Check Apple Pay Balance

If someone sent you money or you want to see the balance of you Apple Pay Cash card, it's displayed in the upper right hand corner of the Apple Pay Cash card so you can see it as soon as you open the Wallet app.

  1. Open the Wallet app and tap your Apple Pay Cash card.

  2. Tap the three horizontal dots in the upper right-hand corner to see the card settings.

  3. Displayed under the "Add Money" option is your balance.

What Are the Different Parts of Apple Pay?

There are three different parts of Apple Pay that you should be aware of in discussing how to add money to it.

  • Wallet app: appears on iPhones and iPads and is where Apple Pay and Apple Pay Cash reside.
  • Apple Pay: used to make online and contactless payments as simple as pushing a button to confirm it. Apple Pay uses an existing debit or credit card to pay businesses or for services.
  • Apple Cash: allows money to be sent from one person to another, stored in your digital account, and used for purchases anywhere Apple Pay is accepted. This is the part where you can add money to Apple Pay.

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Apple Cash allows users to easily send and receive money through the Messages app on any Apple device. Similar to a debit card, it lives on the Wallet app and users can load money on it from another debit card.

However, you also have two options to move money off of an Apple Cash card outside the Messenger app—either to a connected bank account or to another eligible debit card in your Wallet.

If you’re unsure of how to transfer Apple Cash funds off the card, no worries. This article will walk you through the process.

But if you’re looking for ways to send money around the world, Wise is one of the best options. With Wise, you can send, receive, hold and convert money into over 60 currencies and do it all up to 7x cheaper than other services.

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📝 Table of contents
  • How to transfer Apple Cash to your bank account?
  • How to transfer Apple Cash to a debit card?
  • How to update your bank account information?
  • How to troubleshoot problems if you can’t transfer your Apple Cash?
  • Meet Wise - A cheap and easy way to send money abroad

How to transfer Apple Cash to your bank account?

To start, know that transferring Apple Cash funds to a bank account can take 1-3 business days¹. Use this process to transfer the money:

  1. Access the Apple Cash card information menu:
    a. On an iPhone: Access the Wallet app, tap the Apple Cash card, and then hit the button that reads ‘More’.
    b. On an iPad: Open the Settings app and then tap the phrase Wallet & Apple Pay. Then, just tap on your Apple cash card.
  2. Once you’re in the Apple Cash card menu, tap ‘Transfer to Bank’ and enter an amount; then tap Next.
  3. Tap the option for ‘1-3 Business Days’. At this point, if you haven’t set up your bank account for transfer yet, the app will prompt you with instructions to set things up.
  4. Confirm the transfer with your passcode, Touch ID, or Face ID, and then wait out the 1-3 business days.

There are a couple of things to note when transferring to a bank account through Apple Cash.

If you’re on an Apple Cash Family Account, bank transfers are the only way children under 13 can transfer money out of the account. At 13, teens can transfer money to an eligible debit card or a bank account.²

Also, you can only transfer up to $20,000 within a 7-day period and only $10,000 in a single transfer. There’s a $1 minimum unless the balance is below $1.²

With Apple Cash Family, those limits drop to $4,000 within a 7-day period and $2,000 for a single transfer.²

💡If you need your cash faster, try transferring the funds directly to a debit card, as it may take less time.

How to transfer money from apple wallet to bank account

How to transfer Apple Cash to a debit card?

It’s possible to use Instant Transfer to transfer Apple Cash to an eligible debit card, but there are two important things to note before you use this method.

  • At the time of writing this article, Apple doesn’t provide a list of eligible debit cards except to say that the card must be issued in the US and to contact your card issuer if you’re otherwise unsure.¹

  • With Instant Transfer, there is a 1% fee deducted from the amount. The fee has a minimum of $0.25 and a maximum of $10.¹

If you know your card is eligible, then follow these steps to use Instant Transfer.

  1. Access the Apple Cash card information on the phone.
    c. Via iPhone: Open the Wallet app, tap the Apple Cash card and then ‘More’
    d. Via iPad: Open your Settings, then tap Wallet & Apple Pay and then the Apple Cash card.
  2. After accessing the card information, tap ‘Transfer to Bank’, enter the amount you want to transfer and then tap ‘Next’.
  3. Tap the option for Instant Transfer.
  4. At this point, if you don’t have an eligible debit card added to Wallet yet, you’ll need to tap Add Card and follow the instructions to add your card.
  5. If you already have a card added, tap the ‘>’ button to select a debit card to transfer the funds and then choose the billing information that matches the card.
  6. After that, your funds should arrive within 30 minutes.¹

The same amount limitations as bank accounts—listed in the previous section—also apply to transferring to eligible debit cards, but with Instant Transfer, the limitations do not include the fees.²

💡 If you’re looking for a debit card that works with contactless payments on your Apple device, a Wise debit card could be a great option. You can hold money in over 40 currencies on the account and spend in any currency. Plus, you can always convert money with low and transparent fees – save up to 7x compared to other providers.

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How to transfer money from apple wallet to bank account

How to update your bank account information?

Updating your bank information for Apple Cash is a simple process, and once you update it on one device, it will update it for all devices associated with the Apple ID.

To start, open your Apple Cash card information.

To open the info on an iPhone, open the Wallet app and tap on your Apple Cash card, followed by the ‘More’ button. On an iPad, just open the Settings app and tap Wallet & Apple Pay and then tap on the Apple Cash card.

With the Apple Cash card menu open, tap Bank Account and then select the account you want to update. From there, you can either edit or delete your bank information.

How to edit your bank information?

After selecting the bank account you want to update, tap next to your account or routing number and then update your information. Confirm the information is correct and then tap ‘Next’.

How to delete your bank information?

After choosing a bank account to update, tap the button that reads ‘Delete Bank Account Information’ and tap again to confirm your selection. Once you delete the account, it’s possible to re-enter your bank information or add different information.

How to troubleshoot problems if you can’t transfer your Apple Cash?

Apple offers a range of troubleshooting solutions if you’re having problems transferring your Apple Cash.

First, make sure that you’re running the latest software available—including on Apple Watch—and check to see that your device is compatible with Apple Pay. Then, double-check your cell or Wi-Fi connection.

Next, if you’re using Instant Transfer, you may need to check with your card issuer to see if you have an eligible debit card. Remember that only US issued cards are eligible.

If that doesn’t work, double check all the information you put in for your debit card or banking account—routing number, account number, billing address.

Last, revisit Apple’s amount limitations on transfers. Those amounts are listed in the sections above.

If none of those solutions resolve the issue, you may need to verify your identity with Apple or contact their support team.

How to transfer money from apple wallet to bank account

Meet Wise - A cheap and easy way to send money abroad

With Wise, you can set up international accounts and use 50+ currencies. You also get fast, cheap money transfers and order a debit card—that works with Apple Pay—so you can spend in many currencies as you travel.

Plus, with a Wise account, you can create bank details in over 30 different countries and get paid directly in your currency of choice. It’s revolutionary and all possible when you create a free Wise account.

Learn more about Wise


Sources:

  1. Apple - Transfer money in Apple Cash to your bank account or debit card
  2. Apple - Apple Cash and person to person payments limits

All sources checked on 1 September 2021


This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.

How can I transfer money from my Wallet to my bank account?

Step 1: Open the Paytm app on your mobile and select 'Paytm wallet' under the 'My Paytm' section. Step 2: Your screen will display your Paytm Balance. Just below, you will find four options - 'Pay', 'Transfer to Bank', 'Send a Gift Voucher', and 'Automatic Add Money'. Select 'Transfer to Bank'.

Can you transfer money with Apple Wallet?

When users get paid, the money they receive is added to their new Apple Pay Cash card that lives in the Wallet app. They can use the money instantly1 to pay someone or make purchases using Apple Pay in stores, apps and on the web. They can also choose to transfer it from Apple Pay Cash to their bank account.

How do I get my money back from my Apple ID?

How to request a refund.
Sign in to reportaproblem.apple.com..
Tap or click "I'd like to," then choose "Request a refund.".
Choose the reason why you want a refund, then choose Next..
Choose the app, subscription, or other item, then choose Submit..
At card.apple.com, click Settings in the sidebar. Below Bank Accounts, do one of the following: Add a bank account: Click Add Bank Account or Add Another Bank Account, then enter the routing number and the account number. Click Next, confirm the routing number and the account number, then click Save.