You can send $250 per transaction or through multiple transactions in a week before the Cash app asks for further verification. You can receive $1,000 in a month. Once you submit an ID via linking the Cash app to your Facebook account for instance, then you will have headroom for Square Cash transfers.
Once you submit an ID, Cash will lift the limits on receiving cash. Though there is still a restriction by a $2,500 cap on sending money per transaction and an overcall cap is $2,500 in a week in money you send to another person.
Despite offering the services at free, Cash app charges a $2 fee on every ATM withdrawal transaction. Also, the amount of money one can withdraw is limited. Cash app is a peer-to-peer platform and users can withdraw a limited amount of money every month.
When Cash Card was rolled out, users had to just walk into the ATM and withdraw money without any charges. Though there is a fee while making withdrawals in an ATM using Cash Card. But, notably, Cash app doesn’t charge its users with any kind of maintenance fees like many banks.