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Apple Pay Cash is to arrive on iOS 11.2 and watchOS 4.2. Apple's “Peer-to-Peer” money transfer system lets you easily send/receive money via iMessage. What's more, you can also quickly transfer your Apple Pay Cash to your bank account on your iPhone and iPad.

Currently, Apple lets you transfer up to $3,000 per transfer as well as up to $20,000 within a seven-day period from Apple Pay Cash to your bank account. Another important thing you need to know that you are allowed to transfer your money to a bank account in the United States. Besides, you don't have to pay the transaction fee. Read on…

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How to Transfer Money from Apple Pay Cash to Bank Account

How to Transfer Money from Apple Pay Cash to your Bank Account

  • On your iPhone: Launch Wallet app on your iPhone. Now, you need to tap your Apple Pay Cash card and tap on “i.”
  • On Your iPad: Open Settings app on your iPad and tap Wallet & Apple Pay then select your Apple Pay Cash card.

Step #1. Next, you have to tap the Info tab and tap Transfer to Bank.

Note: Just in case, you are yet to add a bank account, tap Add Bank Account. Next, you need to enter your routing number and account number. Then confirm.

Step #2. Now, enter the amount. Then, you have to tap on Transfer at the top right corner.

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Step #3. Finally, you need to confirm with the Face ID, Touch ID, or passcode.

How to Update Bank Account Information for Apple Pay Cash on iPhone and iPad

  • On your iPhone: Launch Wallet app → Apple Pay Cash card and then tap on “i” button.
  • On your iPad: Launch Settings app → Wallet & Apple Pay → Apple Pay Cash card.

Step #1. Now, tap the Info tab and then tap on Transfer to Bank.

Step #2. If you want to delete your banking information, tap Edit and then tap Delete Bank Account Information.

Step #3. You need to tap again to confirm. Once you have deleted it, add your bank information again or add different information. 

Step #4. If you want to add your banking information, tap Add Bank Account. Then, you need to enter your routing number and account number, then confirm the numbers.

Note: You will be able to easily find your bank account number and routing numbers on your checks. Besides, you can also contact your bank and to get it.

When you update your information on one device, it will automatically be synced across your devices signed in with the same Apple ID.

That's all!

Wrapping up:

The addition of “Peer-to-Peer” money transfer has further enriched the profile of iMessage, hasn't it? Will you use it to exchange money? Let me know that in the comments below.

You might want to refer these posts as well:

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Dhvanesh Adhiya is our editor-in-chief and reviewer who takes care of iGeeksBlog.com. He is passionate for wonderful apps that change the way your iPhone interacts in your life.