Apple Cash now requires ID verification for sending $500 or more

Starting October 4th, Apple Cash users will need to verify their identity to send amounts exceeding $500.

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Aug 24, 2024, 6:46 AM EDT

An mockup image showing adding money to Apple Cash. A smartphone is displayed against a pink background. The screen shows a financial transaction interface with the option to ‘Add Money’ selected. The amount of $50 is highlighted, and below it, the new balance after adding is shown as $258.53. A numeric keypad is visible at the bottom of the screen with numbers from 1 to 9 arranged in a grid, and 0 at the center bottom. There are two buttons flanking the zero; one appears to be for decimal input and the other could be a delete or backspace key. At the top left corner of the screen, there’s a ‘Cancel’ button, and on the top right corner, an ‘Add’ button.

Image: Apple

Get ready to show some ID, Apple Cash users! Starting October 4th, Apple is making it harder to send big bucks using their peer-to-peer payment service. If you want to send more than $500 at a time, you’ll need to verify your identity.

This means you’ll have to upload a copy of your driver’s license or passport and answer a few personal questions. It’s like a mini-background check, but for your digital wallet.

The new rule is part of Apple’s efforts to keep your money safe. With the ability to send cash instantly using just a tap, Apple wants to make sure bad actors don’t take advantage of the system. So, get ready to show your papers if you’re planning on sending a big chunk of change through Apple Cash.