Does Cash App Charge Overdraft Fees. If i remember correctly if someone pays you from their cash app then there's no fee to receive the money however if they use a debit or credit card to pay you through your cash app then cash app charges the merchant or person receiving the money a 2.9% fee per transaction plus another $0.30 fee per that same transaction. So if you buy a $6 sandwich with $2 in your account, you would be exempt from a fee.
For most people, this isn’t a problem until they need to deposit a check or make a withdrawal. Bank of america charges $35 for overdraft and nsf fees, which can be charged up to 4 times a day. At first glance cash app looks like a solid option, enhanced by the fact that you can spend money using a cash app debit card.
Your personal accounts can be charged a maximum of 4 overdraft item fees and returned item fees in a single day.
Here's when your cash app will charge you a fee if you are sending money via a credit card linked to your cash app, a 3% fee will be added to the total. The cash app terms of service govern your use of cash app. Instead of charging you an overdraft fee, we allow you to overdraft up to $100 with no fees.* Overdraft up to $100* with no fees.