Image for the article titled How To Finally Transfer Your Apple Cash To A Visa And MasterCard

Photo: DenPhotos (Shutterstock)

It’s my money and I need it now!“You said it, JG Wentworth. You can use the cashback that you collect with your Apple Card when shopping as you wish. However, if you want to send it to your bank account, it will take one to three business days to receive it. That is far from ideal. If you need your money now, regardless of whether you have Visa or MasterCard, you should use Sofortüberweisung.

What is Sofortüberweisung?

Sofortüberweisung is exactly what it sounds like – instead of taking up to three days to transfer your money from your Apple Cash card to your bank account, Sofortüberweisung sends that money to an eligible debit card within 30 minutes of your request, except on weekends and observed holidays. The difference between “immediately” and “half an hour” can certainly be argued here, but in any case it is much quicker than waiting three days.

However, this speed is not free. You will receive your money within half an hour, but it won’t be the full amount you requested. The Sofortüberweisung will be charged a fee of 1% (from August 26th 1.5%) of the transfer balance with a minimum fee of USD 0.25 and a maximum fee of USD 15. That means you are currently losing $ 1 if you use Sofortüberweisung to send $ 100 to your debit card.

Previously, only Visa debit card users could use Sofortüberweisung. But now Apple has also expanded the eligibility to MasterCard debit cards and expanded the pool of users who can benefit from these faster transfers.

G / O Media can receive a commission

How to set up Sofortüberweisung

First, open the Wallet app, then tap your Apple Cash card. Now tap the ellipses (•••) in the upper right corner and then tap Transfer to bank. Enter the amount you want to transfer from your available balance, then tap Next.

Take a look at last Instant bank transfer. You can see the fee you owe for this transfer to the right of the option. If that works for you, just tap Instant bank transfer. If you don’t have a saved Visa or MasterCard debit card attached, follow the instructions below to do so. Otherwise, tap Transferredand go to the next step.

How to add a new debit card to Instant Transfer

To add a new debit car, tap Add card, then choose Debit or credit card. Tap Keep going, then scan your debit card. You can also choose Enter card details manually, if you prefer. Now simply confirm your card details, tap on pop-ups and then select whether or not this card should be used as the standard in Wallet (this does not matter with Sofortüberweisung).

Complete the transfer

When your card is set up, all you have to do is tap > to select the card you want to transfer to, if it is not already selected. Finally, confirm the transfer with Touch ID or Face ID, sit back, relax and expect your money within 30 minutes. However, if you don’t get your money within two hours, you can contact Apple here.