Apple Cash guide: What it is, how it works, and what it costs

Updated 01/12/21: Updated this guide with the most recent information about Apple Cash.

When iOS 11 landed in 2017, it came without of its most anticipated features: Apple Cash. Similar to Venmo or Square Cash, Apple Cash lets you instantly send money to another iOS user. You don’t even need a new app, as it’s built right into iMessage. Apple Cash was released a few months later as part of iOS 11.2. 

It’s an incredibly easy way to send person-to-person money, but it does have a few caveats you’ll need to be aware of. Here’s what you need to know about setting up and using it.

Apple Cash requirements

For starters, both the money sender and receiver need to be running iOS 11.2 or later.  According to Apple’s support page, you’ll need to meet the following requirements:

  • A compatible device with iOS 11.2 or later. 
  • Two-factor authentication for your Apple ID. 
  • An eligible credit or debit card in Wallet, so you can send money.
  • Be at least 18 years old.

We have a guide that will tell you everything you need to know about setting up Apple Pay. Once it’s all set up, you’ll be able to send money to friends right within Messages on your iPhone, iPad, or Apple Watch.

How to set up Apple Cash

Before you can send or receive money, you’ll need to set up the Apple Cash card. It’s essentially a special prepaid card with some financial services provided top Apple by Green Dot Bank.

First, you may need to head into the Settings menu and make sure Apple Cash is enabled. Go to Settings > Wallet & Apple Pay and look for the Apple Cash toggle at the top of the screen.

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If you don’t see an Apple Pay Cash card in Wallet, make sure it’s enabled in Settings.

Then, head into the Wallet app, tap on the Apple Cash card, then tap on Set Up Apple Cash. You’ll have to agree to some terms and conditions, but that’s it.