How to change your instant transfer card on apple pay

Apple Cash, Apple's peer-to-peer payments service that works with Apple Pay and iMessage, received a couple of small updates on Thursday.

How to change your instant transfer card on apple pay

It's now possible to use Instant Transfer with both Mastercard and Visa debit cards. Previously only the latter card could be used, so the addition of Mastercard means Instant Transfer is more accessible to users who want to quickly transfer money from an Apple Cash balance to a bank account without having to wait for the transaction to be processed.

Apple says that beginning August 26, 2021, the cost of making an Instant Transfer will change to 1.5% (previously 1%) of the transfer amount, with a minimum fee of $0.25 and a maximum fee of $15.

If users don't want to use Instant Transfer, they can also transfer money to their bank account using ACH and receive it within one to three business days with no fee.

To make an Instant Transfer, open the Wallet app and select your Apple Cash card, then tap the three-dotted icon. Tap Transfer to Bank, enter an amount, and select Instant Transfer.

Currently only available in the United States, Apple Cash can be used to make and receive payments in Messages, or you can get Siri to send money to a friend or family member.

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How do I change my Apple instant transfer card?

Enter an amount and tap Next. Tap Instant Transfer. If you haven't added an eligible debit card, tap Add Card and follow the instructions on your screen to add a Mastercard or Visa debit card. Tap > to select the debit card you want to transfer funds to and select the billing information for your chosen debit card.

How do I change the card associated with Apple Pay?

How to change the default card for Apple Pay on your iPhone. Open the Wallet app. Touch and hold the payment card that you want to set as your default card. Drag the card in front of your other cards.

Can I add my instant card to Apple Pay?

Instantly Push Your Instant Card Number to Apple Pay Customers can add their new Instant Card Number to their Apple Wallet on their iPhone or Apple Watch and begin using it in apps, on the web, and in stores wherever Apple Pay is accepted.

Why can't I instant transfer on Apple Pay?

Apple Pay will not instantly transfer the money. It will not work because it takes around 1 to 3 days for the funds to get transferred. You should have a Visa debit card if you want to transfer funds instantly. You can transfer fund within 30 minutes.