Cash App is a popular peer-to-peer payment app developed by Square, Inc. It allows users to easily send and receive money from friends and family. The app is available for both iOS and Android.
While many basic functions are free on Cash App, certain transactions come with a fee. The fees depend on whether you are sending or receiving money, the payment method, and whether you have a personal or business account.
To help Cash App users understand these fees, I have created a straightforward fee calculator. This Cash App fee calculator allows you to input a few details and instantly get fee estimates.
How the Cash App Fee Calculator Works
The Cash App fee calculator takes in three inputs:
- Transaction amount
- Account type
- Payment method
Based on these inputs, the calculator estimates the fee for that transaction. Here’s a closer look at each of the inputs:
Transaction Amount
The first input is the dollar amount for the transaction you wish to make. This is the total payment amount, not including any fees.
Account Type
The next input is your Cash App account type. Cash App offers both personal accounts and business accounts. Each account type has different fee structures.
You can choose between a personal account or business account in the calculator.
Payment Method
The final input is the payment method. This includes:
- Debit card
- Credit card
- Bank account
- Cash App balance
The fee rate depends partially on how the money is sent or received.
Cash App Fee Rates
Below I have outlined the different fee rates charged by Cash App:
Personal Account Fee Rates
For personal Cash App accounts, the fee structure is:
- Receiving money: 0%
- Sending money via debit card, bank account, or Cash App balance: 0%
- Sending money via credit card: 3%
- Standard direct deposit: 0%
- Instant deposit: 0.5% – 1.75%
As you can see, receiving money and sending money from a debit card, bank account, or Cash App balance has no fee.
Business Account Fee Rates
Business accounts have higher fees for some transactions:
- Receiving money: 2.75%
- Sending money via debit card, bank account, or Cash App balance: 0%
- Sending money via credit card: 3%
- Standard direct deposit: 0%
So business accounts are charged 2.75% when receiving payments. Sending money functions the same as with a personal account.
How to Use the Cash App Fee Calculator
Using the Cash App fee calculator is simple. Follow these steps:
- Enter the payment amount you wish to send or receive. For example, $100.
- Select your account type: personal or business.
- Choose the payment method: debit card, credit card, bank account, or Cash App balance.
- Click “Calculate”.
The calculator will then estimate the fee for that transaction based on the fee rates outlined above.
For example, if you enter:
- Payment amount: $100
- Account type: Personal
- Payment method: Credit card
The estimated fee would be $3.
You can test out different amounts and payment methods to better understand the fees.
Benefits of the Cash App Fee Calculator
There are a few key benefits this Cash App fee calculator provides:
- Clarity on fees – By inputting a few details, you can instantly see the estimated fee for sending or receiving a payment. No more guessing.
- Avoid surprises – Understanding the fees upfront prevents any surprises when the payment is processed.
- Plan transactions – You can play around with different payment amounts and methods to optimize for lower fees.
- See differences – Comparing personal vs. business accounts shows the differing fee structures.
- Estimate costs – You can use the calculator to estimate total costs for transactions, which is useful for budgeting.