How will the Funding Transaction Fee be charged on a Funding Transaction involving an external account?

Question

Accepted Answer

A Funding Transaction Fee will be charged at the time the transfer is completed and will show up as a separate transaction on your GO2bank account with the description Funding Transaction Fee.

Example: You use your Cash app account to transfer $100.00 from your linked GO2bank account for the purpose of sending money to another person. Your GO2bank account will be charged the Funding Transaction Fee of $1.50 ($100.00 x 1.5%)

Please note, if your account balance is less than the transfer amount, including the Funding Transaction Fee, the transfer request will be declined, and you may receive a message saying such from the external bank account.

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