How to transfer money from apple pay to debit card already in wallet instantly

Apple today announced a minor update to Apple Cash, the company’s digital wallet that works with Apple Pay and iMessage. As of today, Instant Transfer on Apple Cash is compatible with Mastercard debit cards, but there are some other changes as well.

In an email sent to Apple Card users on Thursday, Apple says users can now transfer money from their Apple Cash balance to a bank account using a Mastercard debit card and Instant Transfer. Previously this was only possible using a Visa debit card. With Instant Transfer, the money is sent immediately to your bank, so you don’t have to wait until the transaction is processed.

The company is also changing some Apple Cash terms and conditions with today’s update. Most notably, the company will now charge 1.5% (previously 1%) for transfers made with Instant Transfer. There will be a minimum fee of $0.25 and maximum fee of $15 per transaction. These changes will take effect from August 26, 2021.

Those who don’t want to pay any fees for sending money from the Apple Card balance to a bank account can use ACH transfers. However, this method takes from one to three days to add the money to your account.

With Apple Cash, users can easily send and receive money to friends and family through iMessage. The service is also integrated with Apple Card so users can receive Daily Cash. All the money in an Apple Cash account can be used in stores through Apple Pay.

It’s worth noting that Apple Cash is currently exclusive to the US. You can learn more about it on Apple’s website.

Read also:

  • Apple now promoting its services with ‘exclusive offers’ for Apple Card users
  • Goldman Sachs says Apple Card users can combine accounts even if there are active installment plans [U]
  • iOS 15: Apple Card ‘Advanced Fraud Protection,’ Apple Pay redesign with coupon code support
  • Here’s how Apple Card Family Sharing works for co-owners and ‘participants’ [Video]

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About the Author

Filipe Espósito

@filipeesposito

Filipe Espósito is a Brazilian tech Journalist who started covering Apple news on iHelp BR with some exclusive scoops — including the reveal of the new Apple Watch Series 5 models in titanium and ceramic. He joined 9to5Mac to share even more tech news around the world.

How do I transfer Apple cash to my debit card already in Wallet?

Transfer instantly to an eligible debit card On iPhone: open the Wallet app, tap your Apple Cash card, tap the More button. , then tap Transfer to Bank. . On iPad: open the Settings app, tap Wallet & Apple Pay, tap your Apple Cash card, then tap Transfer to Bank.

Can you instantly transfer money from Apple Pay?

This transfer can take up to three days with Venmo and Apple Cash, and up to five days with PayPal. Apple Cash, Venmo and PayPal also have an instant transfer option, which delivers funds within minutes.

How long does it take for Apple Pay to transfer to card?

does it take awhile? - "When you transfer money from your Apple Cash card, you can either use a bank transfer to send funds to your bank account in 1 to 3 days or you can use Instant Transfer to send funds to an eligible Visa debit card within 30 minutes."

How long does an instant transfer take on Apple Pay?

An Instant Transfer is typically available within 30 minutes. If you don't receive an instant transfer after 2 hours, or you don't receive a 1 to 3 business day transfer after 3 business days, contact us.

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