With Apple Pay on your iPhone, iPad, or Apple Watch, you can pay for things in stores, online, and within supported apps using saved credit or debit cards or an Apple Cash account balance. Show But Apple Cash can also serve as a mobile payment app like PayPal, Zelle, or Venmo. That means you can send money to people you know, and the funds are taken out of your Apple Cash balance. On the flip side, you can request money from other people, and the funds are added to your balance. That balance can then be spent on future transactions or transferred to a bank account, in full or in part. Previously, you had to use the Messages app on your Apple device to send or request money. But with iOS/iPadOS 15.5 or higher, you can do it directly in the Apple Wallet app, and the transaction then occurs within the Messages app. Here’s how to set up and use the service. How to Set Up Apple CashI've been working for PCMag since early 2016 writing tutorials, how-to pieces, and other articles on consumer technology. Beyond PCMag, I've written news stories and tutorials for a variety of other websites and publications, including CNET, ZDNet, TechRepublic, Macworld, Popular Science, Time, Fortune, US News & World Report, and AARP Magazine. I spent seven years writing breaking news for CNET as one of the site’s East Coast reporters. I've also written two books for Wiley & Sons—Windows 8: Five Minutes at a Time and Teach Yourself Visually LinkedIn. Apple Cash is a convenient financial service on your iPhone. You might use it to transfer money to other people via iMessages, and you can accrue cash back from your Apple Card, which pays up to 3% back on certain purchases. There are several ways to use the money in your Apple Cash account, but a common one is to transfer it to your bank account or to a Visa debit card. How to transfer Apple Cash to your bank accountYou can transfer some or all of your Apple Cash to your bank account. It takes one to three days for the transfer to complete, but it's completely free with no transfer fees.
How to transfer Apple Cash to a debit cardIf you prefer, you can transfer some or all of your Apple Cash to an eligible Visa debit card. This has the advantage of being an instant transfer, but you'll be charged a small fee (currently, it is 1% per transaction).
How to update your bank account informationIf you change your bank account or otherwise need to update your account information, you can do that from the Apple Wallet.
You only need to do this once; your banking information is automatically synchronized everywhere you use Apple Cash on all your Apple devices. How to troubleshoot problems transferring money from Apple CashMost of the time, you should have no trouble transferring money from Apple Cash to a bank account or debit card. Sometimes, of course, things go wrong. Here are some things to watch for:
Dave Johnson Freelance Writer Dave Johnson is a technology journalist who writes about consumer tech and how the industry is transforming the speculative world of science fiction into modern-day real life. Dave grew up in New Jersey before entering the Air Force to operate satellites, teach space operations, and do space launch planning. He then spent eight years as a content lead on the Windows team at Microsoft. As a photographer, Dave has photographed wolves in their natural environment; he's also a scuba instructor and co-host of several podcasts. Dave is the author of more than two dozen books and has contributed to many sites and publications including CNET, Forbes, PC World, How To Geek, and Insider. |