How to close a cash app Account
Cash app is an online bank that started gaining traction only recently. The bank is getting a lot of praise mainly because it allows you to transfer money between accounts with no fees. Therefore, it is a great alternative for anyone looking for an easy way to send money to friends or family members.
But if you’ve tried
cash app and you don’t need it anymore, you may have decided to close your account.
How to close a cash app
account, though?
How
to delete a cash app Account
Cash app is great in
many aspects. For instance, it makes it possible for you to quickly transfer
money between accounts, which make it easier to send or receive cash. Friends
or family members with cash app accounts will be able to send money to you or
receive money from you as well. What’s even better is that there are no hidden
fees.
Still, despite these
benefits, you may decide to stop using cash app at one point, particularly if
you do not need it anymore. Things can get a bit complicated, though. On the
cash app website, you will not find a lot of guidance that will close your cash app
account. So, here are the steps that you need to take for a cash app
account closure:
Start
Unlinking Your Accounts
Unlinking your
accounts from cash app is the very first step that you should take. Although
you may not be in the mood to take this extra step, it is necessary if you want
to avoid potential extra fees that will come as a result of the money being
moved.
Accounts linked to
cash app may be different cards, as well as other banks. Since the additional
fees can be quite a hassle, it is important to take care of this step as soon
as possible, so you can close your account smoothly afterward. If you want to
make things even easier, you will have to transfer the money to your other
accounts. For instance, the money can be transferred to Cash App or PayPal,
depending on which one is more convenient for you.
After transferring the
money, you can unlink every account that was ever linked to your cash app
account. Once it’s done, you can look towards requesting account deletion.
Cash
app Account Closing Fee
The good part about
closing your account is that you do not need to pay any fee for this. At the
same time, there is something you should pay attention to. To be more specific,
if you have a negative balance but want to close your account, you need to take
care of it. It is essential to pay the difference first. Once you do it, you will
be able to start planning your account closure.
When
You Won’t Be Able to delete a cash app Account
Deleting your account
is not possible if you do not clear all the overdraft balances first. In the
event that you are also under investigation for something, closing the account
is not possible until there is a final decision.
Besides, if you are
not the owner of the account or if you fail to confirm that you are indeed the
account holder, cash app will not proceed with the account deletion.
Conclusion
Closing a cash app
account can take a while depending on how fast
the staff is after contacting them. Make sure to unlink all your accounts and
transfer all the remaining balance before you eventually ask for account
deletion.
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