How to automatically ‘cash out’ with the Square Cash app
You are using Square Cash, but you would rather directly deposit your money in your bank account than let them stay in your Square Cash account. An effective solution is to enable the automatic cash out feature and your fund will be directly sent to your bank.
As you know, Square Cash is a popular peer-to-peer payment service which competes with opponents such as Venmo or PayPal. At first, users could instantly deposit their treasure within their bank account, which was so great. Nonetheless, after being updated this app would keep funds in your Cash account unless you used the “Cash Out” button to manually transfer them into your bank.
Currently you are offered with two options: Cash out immediately and cash out in one to three business days. The former will cost a one-percent fee; whereas, the latter is totally free, but takes longer. No matter what options you take, you had better set up automatic cash outs and the whole your peer-to-peer transactions will be deposited to your bank account.
How to enable automatic cash out of Square Cash from the app
Using the Square Cash app means that you can gain benefits from the easiest way to send and receive money. To enable the automatic cash out feature, you navigate in the settings section.
Step 1: First and foremost, you need to launch the Square Cash app on your iOS devices.
Step 2: Then, it is essential to tap your Profile in the upper left corner.
Step 3: After that, you can scroll down and toggle Auto Cash Out on.
Step 4: Now, you have to decide if you would like to have money deposited instantly (for a 1% fee) or 1-3 Days (free).
In case you change your decision, it is possible for you to disable automatic transfers by taking the same steps and toggling the switch off.
How to enable automatic cash out of Square Cash from the web
Step 1: To do it, you initially navigate to Cash.me from a web browser.
Step 2: Next, your task is to choose Account in the upper right corner.
Step 3: Then, you need to use your Square Cash account info to log in.
Step 4: Once you are done, you select Settings from the menu on the left.
Step 5: After scrolling down and toggling Auto Cash Out on, you have to choose if you would like to have money deposited instantly (for a 1% fee) or 1-3 Days (free).
As above, you can follow the same steps and toggle the switch off to disable automatic transfers.