Steps to Transfer Money from Apple Pay to Bank
- Open the Wallet App: Locate the Wallet app on your iPhone or iPad.
- Tap your Apple Cash card: Within the Wallet app, find your Apple Cash card. It has a black background with the Apple logo.
- Select “Transfer to Bank”: Tap the ‘…’ (more options) button located on your Apple Cash card. Then hit “Transfer to Bank.”
- Enter the Transfer Amount: Type the amount you wish to transfer from your Apple Cash to your bank account.
- Choose a Transfer Speed: You’ll have two options:
- Instant Transfer: Funds arrive in your bank account within minutes but incur a fee. This is typically 1.5% of the amount with minimum and maximum fees depending on your transaction.
- Standard Transfer Takes 1- 3 business days but is free.
- Select Your Bank Account: If you haven’t linked a bank account yet, you’ll be prompted to do so. If it’s already linked, choose the desired account from the list.
- Confirm the Transfer: Verify the details and confirm with your Touch ID, Face ID, or passcode.
How to Transfer Money from Apple Pay to Bank?
Apple Pay offers a convenient way to pay for purchases, but you might also accumulate funds in your Apple Cash balance from person-to-person payments. Fortunately, it’s easy to transfer this money to your traditional bank account. Here’s how: