Mastercard debit cards now have Apple Cash Instant Transfer

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Apple has recently extended its Instant Transfer feature on the Apple Cash ecosystem to Mastercard debit customers in an email announcement.

Apple Cash

Apple Pay users can now use the Instant Transfer feature to send cash to others using their Apple Cash card. Before, Instant Transfer was only available to Visa cardholders.

A new Apple Support document shows how the fee was increased from 1 percent to 1.5 percent, which takes effect on August 26 this year. The minimum fee is set to 25 cents while the maximum is $10, but with the increase the maximum fee will be $15.

Apple mentioned that the fees can be circumvented when using ACH for bank account money transfers. However, this process will take anywhere between 1 to 3 business days.

The Cupertino-based company has partnered up with Green Dot for receiving and sending money on the Apple Cash card and Apple Pay ecosystem.

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Samantha Wiley

Samantha is a senior news editor at iLounge. She has been covering the technology industry for over five years, writing about Apple, Google, and other major companies. Samantha has also worked as a reporter and editor for several other publications.