Apple Cash Instant Transfer Now Works With Mastercard Debit Cards

Apple Cash, Apple's peer-to-peer payments service that works with Apple Pay and iMessage, received a couple of small updates on Thursday.

Apple Cash
It's now possible to use Instant Transfer with both Mastercard and Visa debit cards. Previously only the latter card could be used, so the addition of Mastercard means Instant Transfer is more accessible to users who want to quickly transfer money from an Apple Cash balance to a bank account without having to wait for the transaction to be processed.

Apple says that beginning August 26, 2021, the cost of making an Instant Transfer will change to 1.5% (previously 1%) of the transfer amount, with a minimum fee of $0.25 and a maximum fee of $15.

If users don't want to use Instant Transfer, they can also transfer money to their bank account using ACH and receive it within one to three business days with no fee.

To make an Instant Transfer, open the Wallet app and select your Apple Cash card, then tap the three-dotted icon. Tap Transfer to Bank, enter an amount, and select Instant Transfer.

Currently only available in the United States, Apple Cash can be used to make and receive payments in Messages, or you can get Siri to send money to a friend or family member.

When someone sends you money, it goes on your virtual Apple Cash card, which is stored securely in the Wallet app on your iPhone. You can use the money on it to send to someone, make purchases using ‌‌Apple Pay‌‌ in stores, within apps, and on the web.

Top Rated Comments

nicho Avatar
20 months ago

That’s true but I have never had a transfer take more than seconds.
Guessing you're under 30 when you say never.
Score: 5 Votes (Like | Disagree)
Remy149 Avatar
20 months ago

Every transfer in the Euro SEPA zone is free by law and most of them are instant now as well.
I can transfer from my Belgian account to my German account instantly, and for free.

Wild how behind the US is in banking. Always funny to me when Americans talk about Cashapp or Venmo. I haven't paid for a bank transfer in over 20 years.
American banks get away with all type of anti-consumer behavior
Score: 4 Votes (Like | Disagree)
InGen Avatar
20 months ago

Still wondering what the holdup has been for a service which seemed poised to launch imminently outside the US at the end of 2018 ('https://www.macrumors.com/2018/10/02/apple-pay-cash-likely-to-launch-in-france-and-germany-soon/').
Like most industry shaking services Apple tries to offer to its users, conventional industry leading corporations oppose, resist & attempt delaying said service in their region to protect their own established monopolies and profits as long as possible.

Apple being an American company cannot work it’s way into all these markets at one time, instead taking the slow route of seeking approval and negotiating its way into each area while overcoming the aforementioned resistance.
Score: 2 Votes (Like | Disagree)
daved2424 Avatar
20 months ago
You have to PAY to use this? I couldn’t wait for this to come to the UK but I ain’t gonna pay to use it. Thank goodness for PAYM.
Score: 2 Votes (Like | Disagree)
Lihp8270 Avatar
20 months ago

Only if you want the funds to be transferred instantly as a debit transaction. If you opt for the standard bank transfer there is no fee. They say it can take 1-3 days for the funds to be transferred but, from my own experience, I’ve noticed the money is usually transferred in one day.
Pretty much every bank transfer in the UK now is instant at any time of the day any day of the week. Free.
Score: 2 Votes (Like | Disagree)
Caliber26 Avatar
20 months ago

You have to PAY to use this? I couldn’t wait for this to come to the UK but I ain’t gonna pay to use it. Thank goodness for PAYM.
Only if you want the funds to be transferred instantly as a debit transaction. If you opt for the standard bank transfer there is no fee. They say it can take 1-3 days for the funds to be transferred but, from my own experience, I’ve noticed the money is usually transferred in one day.
Score: 2 Votes (Like | Disagree)

Popular Stories

iOS 16

iOS 16.3 Now Available for Your iPhone With These 4 New Features

Friday February 3, 2023 1:13 pm PST by
Apple released iOS 16.3 in late January following nearly six weeks of beta testing. The software update is available for the iPhone 8 and newer, and while it is a relatively minor update, it still includes a handful of new features, changes, and bug fixes. Below, we've recapped new features in iOS 16.3, including support for physical security keys as a two-factor authentication option for...
ipad air purple

Deals: M1 iPad Air Hits Record-Low Prices at TigerDirect, Starting at $313.99 (48% Off)

Saturday February 4, 2023 10:05 am PST by
Online retailer TigerDirect has slashed pricing on the M1 iPad Air in several colors, offering the base 64GB configuration for just $313.99 in Purple and Pink. Note: MacRumors is an affiliate partner with TigerDirect. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running. That's a savings of 48% compared to Apple's normal $599.00...
Apple Silicon Teal Feature

The Next Big Apple Silicon Device May Not Be a Mac or iPad

Wednesday February 1, 2023 3:57 am PST by
Apple's next device with an Apple silicon chip may not be a Mac or an iPad, but rather an advanced external display, according to recent reports. The display, which is rumored to arrive this year, is expected to sit somewhere between the $1,599 Studio Display and the $4,999 Pro Display XDR – but more exact information about the device's positioning and price point is as yet unknown. While ...
iPhone 14 Pro Purple Side Perspective Feature Purple

Gurman: Apple Considering New High-End iPhone Alongside Pro and Pro Max

Sunday February 5, 2023 6:07 am PST by
Apple has discussed selling a new top-of-the-line iPhone alongside the Pro and Pro Max models in 2024 at the earliest, according to Bloomberg's Mark Gurman. Based on this timeframe, the device would be part of the iPhone 16 lineup or later. In a September 2022 edition of his weekly "Power On" newsletter, Gurman said there was "potential" for an iPhone 15 Ultra to replace the iPhone 15 Pro...
HomePod 2 White and Midnight Feature Purple Blue

Apple Explains Why HomePod Was Released Again, Wi-Fi 4 Limitation, and More

Thursday February 2, 2023 7:57 am PST by
Apple's VP of hardware engineering Matthew Costello and product marketing employee Alice Chan recently spoke with Men's Journal and TechCrunch about the new second-generation HomePod in wide-ranging interviews about the smart speaker. Apple discontinued the original full-size HomePod in March 2021 after multiple reports indicated that sales of the speaker were lackluster, but Chan told Men's ...
webkit vs chromium feature

Google Working on Browser for iOS That Would Break Apple's App Store Rules

Saturday February 4, 2023 1:30 am PST by
Google's Chromium developers are working on an experimental web browser for iOS that would break Apple's browser engine restrictions, The Register reports. The experimental browser, which is being actively pursued by developers, uses Google's Blink engine. Yet if Google attempted to release it on the App Store, it would not pass Apple's App Review process. Apple's App Store rules dictate...
iOS 16

Apple Preparing iOS 16.3.1 Update for iPhone as Wait for iOS 16.4 Beta Continues

Thursday February 2, 2023 6:41 am PST by
Apple appears to be preparing an iOS 16.3.1 update for the iPhone, based on evidence of the software in our website's analytics logs this week. It's unclear when the update will be released, but it will likely be available at some point in February. The same logs have accurately foreshadowed the release of several previous updates, including iOS 16.0.3 and iOS 16.1.1 most recently, so they...
maxresdefault

Hands-On With Apple's Second-Generation HomePod

Friday February 3, 2023 1:28 pm PST by
Today is the official launch day for the second-generation HomePod that was introduced in January, and we picked one up to compare it to the original HomePod that Apple discontinued in 2021. Subscribe to the MacRumors YouTube channel for more videos. Design wise, the second-generation HomePod looks a lot like the first-generation model, featuring the same rounded design and acoustic mesh...