How to Transfer Money From Apple Pay

* This post is part of iPhone Life's Tip of the Day newsletter. . *

Apple Cash, the Apple Pay peer-to-peer payment service similar to Venmo, is a quick and convenient way to send and receive money through your iPhone. A common question with this Apple Pay feature, though, is: "Can you transfer Apple Pay to the bank?" Yes! Not only is it possible, but it's easy and efficient. Without this capability, Apple Cash would be unable to reach its potential as a full-service payment platform, and limit users greatly in how they could use the money they receive. Let's look at how to transfer Apple Cash to the bank and get the most out of this service.

How to Transfer Apple Cash to Your Bank

  1. Open the Wallet app or tap the Wallet icon in Control center. If you are on an iPad you can find Wallet & Apple Pay in Settings. On your iPhone, you can also easily access your Wallet app from the Lock screen.
  2. Tap your Apple Cash card.

    Choose your Apple Card to transfer Apple Pay
  3. If you are on an iPhone, tap the More button.
  4. Tap Transfer to Bank.

  5. If you haven't yet linked your bank account, enter your Routing and Account numbers, then confirm by entering them again.
  6. Enter the amount you would like to transfer, then tap Next.

  7. Select either Instant Transfer, which comes with a $0.25 fee, or 1–3 Business Days, which has no fee.
  8. Tap Transfer.
  9. A notification will pop up at the top of your screen to let you know the transfer request was successful. 

You now know how to transfer Apple Cash to your bank. If you selected Instant Transfer, you will see the money in your account within thirty minutes. 1–3 Business Days will take longer but will show up in one to three business days, as its name suggests. Once you have entered your bank account info once, you won't have to do it again. Did you know that you can also use Apple Pay Cards on your Apple Watch?

For more great Apple product tutorials, check out our Tip of the Day.

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Author Details

Amy Spitzfaden–Both's picture

Author Details

Amy Spitzfaden–Both

Amy Spitzfaden Both is a Feature Writer at iPhone Life, an award-winning novelist, and an iPhone enthusiast. Over the past decade, her work in the publishing industry has included live coverage of industry events including the Yale Publishing Course and Magazine Innovation’s ACT 9 Experience, providing editing services for several start-up publishing houses, and acting as newsstand consultant for magazines such as The Old Farmer’s Almanac and The New York Review of Books. She graduated from M.I.U. with a Bachelor’s in Literature and Writing, and has gone on to publish two novels and two short stories. Her debut novel Untold won the 2014 Chelson Award for Fiction.
Writing everything from book reviews to skincare tips, Amy discovered a passion for bringing exciting and useful information to even the most casual researcher. The mix of usability and endless possibilities is what drew her to Apple products originally, and the more she learns, the more she loves.
Amy lives in New Hampshire with her husband and daughter. When she’s not writing or glued to her iPhone, she enjoys hiking, traveling, and creating her own tea blends.