Apple to Soon Require Identity Verification for $500+ Transfers in Apple Cash

Apple has begun sending out emails to its customers, informing them of upcoming changes to the Apple Cash Terms and Conditions. (Via Mactrast)

Apple is introducing Tap to Cash in its upcoming iOS 18 and watchOS 11 operating systems, which will be released to the public this fall. The new feature allows users to transfer Apple Cash in person by holding an iPhone or Apple Watch close to another iPhone or Apple Watch. Due to this new feature, Apple is making changes to its identity verification rules for Apple Cash.

Apple told customers that as of October 4, iPhone and Apple Watch users will be required to verify their identity to send more than a total of $500 in a peer-to-peer transfer. This includes Apple Cash transfers via the Messages app, as well as Tap to Cash payments. Apple will require the verification whether a user is sending funds from a card in the Wallet app or from an Apple Cash balance. Prior transactions count toward the $500 limit that will trigger the identity verification requirement.

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The new requirement will be in addition to the identity verification requirement that is already required for Apple Cash users who use the feature on a frequent basis. An Apple support document says users cannot receive or add $500 or more in total without verifying their identity. This means verification will also be required when sending large amounts of money when the new requirement takes effect in early October.

Apple’s support document also explains how to verify your identification:

How to verify your identity for Apple Cash

• Go to your card info:
  1. iPhone: Open the Wallet app, tap your Apple Cash card, tap the More button, then tap Card Details.
  2. iPad: Open the Settings app, tap Wallet & Apple Pay, then tap your Apple Cash card.
  3. Apple Watch: Open the Apple Watch app on your iPhone, tap Wallet & Apple Pay, then tap your Apple Cash card.
• Tap Verify Identity.
• Follow the onscreen steps. When capturing your driver license or state ID card, use these tips:
  1. Place your card on a dark background.
  2. Capture all four corners of your card.
  3. Make sure that there’s nothing between your device’s camera and the card that would obscure it.

The first time that you verify your identity, you might be asked for this information:

1. Your full name
2. Your Social Security number
3. Your date of birth
4. Your home address²
5. Answers to questions regarding your personal history
6. An image of your valid driver’s license or state ID card

To use all the features of Apple Cash³ you must verify your identity.

If you enter the wrong information, try to verify your identity again. If you don’t see the option to verify your identity, contact Apple Support.

Tap to Cash is intended for users to perform private in-person transactions when exchanging Apple Cash.

Apple’s email also informs users that the Vision Pro is being added as a supported device for Apple Cash and that weekly peer-to-peer transfer limits will apply to sending and receiving transfers. Users to send or receive a maximum of $10,000 within a 7 day time period.