Over the preceding few years , Apple has been getting perilously tight to becoming a full - fledge coin bank . Features likeApple Pay , Apple Cash , the Apple Card , and the most late addition , theApple Card Savings AccountandApple Pay Laterservice , are blurring the lines between your bank bill and your iPhone — and that ’s not a sorry thing for those who enjoy life in Apple ’s walled garden .
Next to Apple Pay , perhaps the most utile of Apple ’s iPhone - integrated financial features is Apple Cash . Initially known as " Apple Pay Cash , " the company dropped the " Pay " denounce a few age ago to simplify things , but it ’s still the same table service it ’s always been — aVenmo - comparable money - transference servicethat ’s built into your iPhone and other Apple devices that let you easily transport and receive money via Apple ’s Messages app , as well as move money to and from your bank account using your debit card and bank building transfers right from the iPhone ’s Wallet app . However , thanks to Apple Pay , Apple Cash give-up the ghost one step further , giving you a virtual debit card to permit you spend money now at any retail merchant that accepts Visa Debit . ( Apple Cash in the beginning used the Discover card web , but switched to Visa Debit in early 2022 . )
Since Apple is n’t actually a bank ( at least not yet ) , Apple Cash isbacked by Green Dot Bankbehind the picture , which means your money is Federal Deposit Insurance Corporation ( FDIC ) insured just like it would be in a normal bank account . Do n’t be too surprised if you see this name come up from time to time , but it ’s otherwise not a detail you ’ll need to worry too much about to in reality expend Apple Cash .
Apple Cash not only lets you take in money from friends , but it also process as the spot where your Daily Cash is wedge if you ’re an Apple Card bearer , although you ’ll in all probability be good off direct it toApple ’s new high - return nest egg accountinstead .
What you need to use Apple Cash
For the most part , Apple Cash is managed only through Apple ’s Wallet app on your iPhone . Money can be sent and received through Messages or the Wallet configurations on your iPhone , iPad , Apple Watch , or even Apple ’s new Vision Pro headset , but you ’ll need your iPhone or iPad to set up and care Apple Cash . The Mac is prominently left out of the political party here .
stride 1 : Apple recommend that your machine use " the latest iOS , iPadOS , watchOS , or visionOS . " Since Apple Cash is a secure payment organisation , there could be changes that might cause problems with older versions , and you ’ll also miss out on some of the newer Apple Cash features .
Technically , the minimal requisite for Apple Cash are iOS 11.2 or later on an iPhone or iPad or watchOS 4.2 or after on an Apple Watch . Apple Cash also involve a twist that sustain Apple Pay — an iPhone 6 or after , an iPad with Touch ID or Face ID , or an Apple Watch Series 1 . All of these can be update to at least iOS 12 and watchOS 6 and are the minimal versions you should be using with Apple Cash .
stride 2 : Apple Cash is available only in the U.S. Just like when opening any camber account , you ’ll need to swear your identity by scanning an image of your number one wood ’s license or other government - emerge ID and supplying a valid Social Security Number .
You must also be 18 age of long time , and Apple read you must " live in the United States , " although expatriates should n’t have a job set it up as long as they have a valid U.S. address .
tone 3 : For security reason , your Apple IDneeds to have two - factor authentication enabled , and you need to be sign up into iCloud with the same Apple ID on all of the devices where you want to employ your Apple Cash score .
Step 4 : finally , you ’ll need to have an eligible debit card in the Wallet app if you want to be able to add money to Apple Cash or send money to others directly from your banking concern account . Apple Cash does not allow for money to be sum or institutionalise from quotation cards , and savings bank carry-over can only be used to move money from Apple Cash into your camber account .
A debit card is n’t purely required , but without one , you ’ll only be capable to send money that ’s already in your Apple Cash report , and you wo n’t be able to add money to it manually ; your residual will only comprise of any Apple Card Daily Cash you direct there and funds received from other people .
How to set up Apple Cash
Once you ’ve met all the requirements , here ’s how to set up Apple Cash from your iPhone , iPad , or even your Vision Pro .
Step 1 : Make certain you have your driver ’s license or other political science - issued ID handy , along with your Social Security Number ( SSN ) , as you ’ll call for to scan your ID with your gimmick ’s photographic camera and enter your SSN to avow your identity .
Step 2 : Open theSettingsapp on your machine .
Step 3 : Scroll down and selectWallet & Apple Pay .
gradation 4 : Toggle the shift on besideApple Cash .
footstep 5 : When prompted , authenticate with Face ID , Touch ID , Optic ID .
Step 6 : SelectContinueand then follow the instruction . You ’ll typically be expect to verify your individuality by providing point such as your full name , SSN , escort of birth , rest home reference , and an image of your ID . You may also be asked some head regarding your personal financial history — the sort of things that might appear on a credit study .
Whether this appear and how many details you ’re require for will reckon on your fiscal profile with Apple . In some cases , the verification may be cut entirely if Apple ’s risk judgment algorithmic program are slaked with other details such as your iTunes , App Store , and Apple Pay purchase account . However , you wo n’t be able to get off or receive more than $ 500 without verifying your identity .
How to send money with Apple Cash
Once Apple Cash is set up , you ’re ready to send money to any other Apple Cash user , whether that ’s a giving for a penny-pinching friend or family phallus or you ’re part the lunch bill with a work fellow . Apple Cash payment are always ship via iMessage , and this is typically done using the Messages app on the iPhone , iPad , Apple Watch , or Vision Pro . However , they can also be initiated from the Apple Cash card in the Wallet app on your iPhone .
stride 1 : Open theMessagesapp on your twist and undetermined or start a conversation with the person you ’d like to send money to .
Step 2 : select thePlus signin the bottom - left corner .
whole tone 3 : Scroll down on the menu that appears and selectApple Cash .
whole step 4 : utilize thePlusandMinussigns to set up an amount in even dollars , or chooseShow Keypadto put down a specific amount , including cents .
Step 5 : Select theSendbutton .
Step 6 : The payment will come out as an attachment , similar to get off a exposure in iMessage . you may also enter a substance here , which will not only be mail to the recipient , but also be seize to the Apple Cash payment in your transaction history . This will be denoted by a black bubble rather than the usual blue one .
pace 7 : When quick , tap theBlack send arrow .
Step 8 : An Apple Pay payment prompt will appear next to reassert the transaction . By default , the funds will be taken from your Apple Cash equalizer , unless that ’s not sufficient , in which example your debit entry card will be used rather . Like any other Apple Pay transaction , you may tap the payment method to select an alternate one ; however , only your Apple Cash balance and debit entry cards can be used here .
Step 9 : Confirm the transaction by double - snap the side button on a Face ID - equipped iPhone or iPad and substantiate with Face ID . If you have an iPad Air , iPad mini , iPad , or an iPhone SE or former iPhone with a home button , softly place your finger’s breadth on the Touch ID sensor to reassert . If you ’re using a Vision Pro , dual - penetrate the top button and depend at the Optic ID ikon to confirm .
How to request money with Apple Cash
The process for requesting money with Apple Cash is very similar to sending money . you could initiate a postulation from the Messages app or the iPhone Wallet app , and it ’s mostly a matter of press a different clitoris .
Step 1 : Go to theMessagesapp and afford or start a conversation with the person you ’d like to quest money from .
Step 4 : lay the amount you ’d care to request , either by using thePlusandMinussigns or choosingShow Keypadto inscribe a specific amount .
Step 5 : Select theRequestbutton .
stride 6 : The request will appear as an fastening , giving you an chance to supply a gossip before you send it . As with get off money via Apple Cash , anything you enter here will also be bind to the request in your transaction story , and show as a black house of cards in the conversation .
The recipient role can tap the petition once they received it , which will take them through the process of sending an Apple Cash payment from their iPhone , iPad , Apple Watch , or Vision Pro .
How to add money to Apple Cash from your bank account
you could top up your Apple Cash balance at any meter using your debit board if you ’ve added one to your account . There ’s no charge for this from Apple ’s side , but it ’s process as a normal debit card dealing , so you ’ll still need to pay whatever fee your money box might shoot down for these .
Step 1 : Go toSettings > Wallet & Apple Payon your iPhone or iPad .
Step 2 : Select your Apple Cash defrayment card .
stride 3 : SelectAdd Money
Step 4 : Enter the amount you would like to transfer and selectAddin the top - veracious corner .
Step 5 : corroborate the defrayal by doubly - clicking the side button and using Face ID , holding your finger gently on the Touch ID sensing element , or doubly - pressing the top button and using Optic ID on the Vision Pro — bet on the twist you ’re using .
you’re able to also add funds by choosing your Apple Cash card from theWalletapp on your iPhone , choose theThree - dot menuin the top - right street corner , and choosingAdd Money . However , this method only works from the iPhone , as there ’s no standalone Wallet app on the iPad .
How to automatically reload your Apple Cash balance
In accession to adding funds to your Apple Cash account manually , you may also fructify up an motorcar reload so there ’s always a second of spending money available on your Apple Cash card . This will automatically add together money from your savings bank score when your Apple Cash score fall below a minimal balance .
Step 3 : ChooseSet Up Auto Reload .
Step 4 : ChooseAmountand choose the amount you would like to mechanically reload from your bank account ( from $ 25 to $ 200 ) .
Step 5 : ChooseMinimum Balanceand choose the threshold below which you ’d like the reload to occur : $ 10 , $ 15 , or $ 25 .
Step 6 : SelectSet Upin the top - correct corner .
Step 7 : Confirm by double - snap the side button and using Face ID or take for your finger gently on the Touch ID sensor , depending on the equipment you ’re using .
How to transfer money from Apple Cash to your bank account
Money can also be transpose from Apple Cash to your bank chronicle using standard automatize clearinghouse ( ACH ) carry-over or via an eligible debit card . An ACH transfer will typically take 1 to 3 line of work days while a debit card transfer is usually immediate . There ’s no charge for ACH transfers , however you ’ll take to pay a fee of 1.5 % of the money you ’re transferring if you desire to use your debit menu to get the fund into your depository financial institution account aright out , with a minimum fee of 25 cent and a maximum of $ 15 .
tone 2 : If you desire to use ACH transfers , make certain you ’ve summate a bank explanation by selectingBank Accountand come the instructions to enter your banking selective information , such as a routing number and report issue . debit entry scorecard transfer will use any eligible card that ’s already useable in your Apple Wallet .
footfall 3 : SelectTransfer to Bank .
Step 4 : Enter the amount you would like to transfer and selectNextin the top - right street corner .
whole step 5 : pick out the coin bank score and method you would like to use for the transfer and selectNextin the top - correct street corner .
Step 6 : reassert the transfer by doubly - click the side push and using brass ID or holding your finger gently on the Touch ID detector , depending on the twist you ’re using .
you’re able to also channelize investment company directly from theWalletapp by selecting the Apple Cash card , opt theThree - dot menuin the top - right corner , and selectingTransfer to Bank . However , this only works from the iPhone , as there ’s no standalone Wallet app on the iPad .
How to use Apple Cash Family
Although you need to be at least 18 age honest-to-god to set up an Apple Cash account on your own , you could localize up Apple Cash accounts for unseasoned member of your family unit as long as you ’re all part ofan Apple Family Sharing group .
Children of all ages can have their own Apple Cash report , as long as they ’re under the supervision of a parent or guardian . The family organizer can limit who a child or teen can send money to , get notified of their transactions , and also lock their account .
Those younger than 13 will have a few additional restriction . Since they ca n’t otherwise use Apple Pay , they wo n’t be able to add a debit entry placard of their own or set up recur payments . However , they can spend the counterweight on their Apple Cash scorecard anywhere that accepts Apple Pay , and this even works for nipper who only havean Apple Watch on a Family Setup plan .
Step 1 : Open theSettingsapp .
whole tone 2 : SelectFamilybelow your name at the top .
Step 3 : take the child or teenager that you need to determine up Apple Cash for .
tone 4 : SelectApple Cashand follow the instructions .
Step 5 : kid and teens who have been set up for Apple Cash will appear in your Apple Cash card details underSettings > Wallet & Apple Pay . From here , you’re able to monitor their transactions , set up recur payments , control who they can send money to , and lock their Apple Cash card to prevent it from being used .
How to set up recurring payments in Apple Cash
If you ’re runningiOS 17or after , you’re able to now set up recurring payment in Apple Cash . This can be utile for give way your child an allowance ( see the previous division on how to mark up Apple Cash for your family ) , or sharing a recurring bill with other appendage of your household . Recurring defrayal can be scheduled to start up to a year in procession , and can be sent weekly , monthly , or every other workweek after that . Here ’s how to set one up :
stone’s throw 1 : open up theMessagesapp on your machine and open or start a conversation with the person you ’d like to set up a recurring payment to .
Step 2 : opt theplus signin the bottom - left corner .
Step 4 : When the clam amount appear , selectShow Keypad .
Step 5 : Enter the amount you would like to transport as a recurring defrayment .
Step 6 : At the bottom , chooseSend Recurring Payment .
Step 7 : SelectStartsand select a date from the calendar chooser if you would like the first defrayal to be post at a future date . Leaving it ready to " Today " will air the first defrayal immediately .
Step 8 : BesideRepeats , prefer how often you would care the payment to go back : Every hebdomad , Every Other Week , or Every calendar month .
Step 9 : Optionally , selectAdd a Memo … and type a bank note that you would like to let in with each defrayal .
footfall 10 : ChooseSendin the top - ripe corner .
footmark 11 : The recurring payment will seem as an attachment . you may also enter a message here , which will not only be sent to the recipient , but also be attached to the Apple Cash payment in your dealing history . This will be denote by a black house of cards rather than the common downhearted one .
Step 12 : When ready , rap theBlack send arrow .
Step 13 : support the dealings by following the pedagogy and using Face ID , Touch ID , or Optic ID , depending on the machine you ’re using . By default , the funds will be taken from your Apple Cash symmetricalness , unless that ’s not sufficient , in which case your debit entry card will be used to make up the difference . Like any other Apple Pay transaction , you may tap the payment method to take an alternate one ; however , only your Apple Cash balance and debit cards can be used here .
whole tone 14 : The recurring defrayment will be set up , and the initial requital will be air immediately if it was scheduled for day you gear up it up . Subsequent payments will arrive in the receiver ’s Apple Cash explanation by 9 a.m. PT on the scheduled dates .
you’re able to view and manage your recurring requital by going toSettings > Wallet & Apple Pay > Apple Cash > recur Paymentsor by selecting your Apple Cash poster in the Wallet app and choosing the three - dot menu and thenRecurring Payments .
How to set up a virtual card number for Apple Cash
One of the peachy thing about Apple Cash is that it also works as a virtual debit entry card on the Visa Debit internet . However , until recently , it ’s only been possible to use it with Apple Pay , which means it ’s modified to those merchants and websites that accept it as a transaction method acting . The Apple Cash card has a Visa debit entry card number that ’s used for these transactions under the hood , but there ’s no mode to find out what it is — which mean there ’s no manner to punch it in to purchase something on a site , nor is there a valid going date or verification code to go with it .
The dependable news is that Apple has add the ability to make a virtual card number iniOS 17.4 , complete with expiration date and CVV2 code — the three - digit number unremarkably constitute on the back of most citation cards . This feature article should be conversant to Apple Card users , as it ’s been around since the card launched in 2019 , but it ’s new for those who would rather use their Apple Cash account to make on-line purchase .
For security reasons , the practical card act is n’t enabled by default , and you may safely ignore it if you do n’t spent money directly from your Apple Cash card , or you ’re OK continuing to stick with merchant that provide Apple Pay . However , if you want a card number that you could use elsewhere online , you could start the practical card number — and change it anytime if you ’re interested it ’s been compromised . Here ’s how :
Step 3 : ChooseCard Information .
gradation 4 : SelectSet Up Virtual Card Number .
Step 5 : Read the instructions and selectContinuewhen quick to proceed .
Step 6 : Confirm that you need to sire a virtual posting bit by double - snap the side clitoris and authenticating with Face ID or by place your digit mildly on the Touch ID sensor if you have an iPhone SE or an older model with a home button .
Step 7 : SelectDone .
The practical poster entropy will be shown at the top of the bill information concealment , although you ’ll need to authenticate with Face ID or Touch ID to get here . The number and exhalation will remain unchanged unless you reclaim them by using theRequest New Card Numberbutton . The virtual card information will also be tally to Safari so it can be automatically filled on webpage , just like any other payment card .
Note that a new surety code will be generated every time you visit this page or use Safari AutoFill . security system codes will also give-up the ghost every 24 hour to forbid them from being reused later .
