![]() Standard transfers to your bank account are free. Cash App also charges a 1.5% fee if you request an Instant Transfer from your Cash App account balance to your linked debit card. Standard transfers are free, but it will take one to three business days for the deposit to show up in your bank account.Ĭash App: There is a 3% fee to use a credit card to send money, but it is free to send money from a debit card or bank account. ![]() Instant transfers allow you to transfer money from your Venmo balance to your debit card in a matter of minutes. There is also a 1% fee for instant transfers. The fee is waived when you fund the transaction with your Venmo balance, bank account, or debit card. Venmo: There is a 3% fee when sending money over Venmo using a credit card. They both also charge a small fee for instant transfers to your bank, but no fee for standard transfers, which take one to three business days. PayPal, Venmo and other payment platforms don't provide insurance coverage, US government warns. Neither charge a fee to send money, unless you are doing so with a credit card. Download Cash App - Cash App is the easiest way to send, spend, save, and invest your money. Venmo and Cash App follow a very similar fee structure.
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