Google recently announced that the Google Pay app will be discontinued in the US, with the final date set for June 4. Users are encouraged to transition to Google Wallet, a digital wallet solution that offers similar features for online and in-store payments. If you have funds stored in Google Pay, it’s essential to begin transferring them to your bank account before the deadline.
Google Wallet serves as a versatile digital wallet where users can store payment cards, driver’s licenses, and loyalty cards. While it does not include Google Pay’s peer-to-peer payment feature, it remains a popular choice among users in the US.
To transfer funds from Google Pay to your bank account, make sure to complete the process by June 4. After this date, you will need to access the Google Pay website to withdraw any remaining balance.
Currently, users can withdraw up to $5,000 per day from the app if their account is verified. There is also a rolling $20,000 limit over a 7-day period for verified accounts. If your identity is not verified, the total limit is $700 within seven days.
As of June 4, new daily and weekly caps will be enforced once the app is discontinued. Users will no longer be able to withdraw more than $200 in any given week. It’s advisable to start withdrawing funds sooner rather than later if you have a significant balance in your Google Pay account.
If you have thousands of dollars in your account, withdrawing all funds after June 4 may prove time-consuming due to the new withdrawal limits. To avoid any inconvenience, begin transferring your funds out of Google Pay before the deadline approaches.
