Cash App Investing: How To Make An Investment Request

Cash App Investing is a self-directed brokerage account service that allows users to buy and sell stocks and exchange-traded funds (ETFs). It is a subsidiary of Block, Inc., and is available only to US residents aged 18 or older who can provide a Social Security number, US residential address, employment status, and name of the employer. Cash App Investing does not charge any commission fees, and users can invest as little as $1.

Opening a Cash App Investing account

To open a Cash App Investing account, you must be 18 or older and be a US resident. You will also need to provide your Social Security number, US residential address, employment status, and the name of your employer. This information is required to verify your identity and comply with regulations.

Cash App Investing is a self-directed individual brokerage account, meaning you are solely responsible for the orders placed through your account. The account is free to open, requires no minimum balance, and charges no commission fees.

When you open an Investing Account, you create a brokerage account with Cash App Investing LLC, which allows you to buy and sell stocks and exchange-traded funds (ETFs). The balance associated with your Investing Account is separate from your Cash App balance. The securities in your Investing Account are held by a third-party custodian, DriveWealth, LLC.

Any funds from the sale of stocks or ETFs will be automatically transferred to your Cash App balance, which you can then use to buy more stocks, spend on your Cash Card, or send money to friends and family. It's important to note that Cash App Investing does not provide investment advice or recommendations, and investing involves risk.

Buying stocks

Investing is the act of putting money into something with the goal of getting more money back. When you invest in a company, you buy its stock and if the company performs well, you may generate a profit from its success. With Cash App, you can buy as much or as little stock as you want, even if you only want to spend $1.

To buy stocks on Cash App, you first need to open a Cash App Investing account. This is a brokerage account, which allows you to buy and sell stocks and exchange-traded funds (ETFs). To open an account, you must be 18 or older and provide a Social Security number, U.S. residential address, employment status and name of employer.

Once your account is open, you can start buying stocks. Simply search for a company name or ticker symbol, then choose how much of the stock you want to buy, either from a preset amount or a custom amount. Stock can be purchased using the funds in your Cash App balance. If you do not have enough funds available, the remaining amount will be debited from your linked debit card.

Stock purchases or sales can be scheduled 24/7, but orders will only be placed during market hours. The U.S. stock market is open Monday to Friday, 9:30 AM–4 PM Eastern time, 8:30 AM–3 PM Central time, 7:30 AM–2 PM Mountain time, and 6:30 AM–1 PM Pacific time.

It's important to remember that investing involves risk and you may lose money. Cash App does not provide investment advice or recommendations, so be sure to do your own research before buying any stocks.

Selling stocks

To sell stocks on Cash App, you must have a Cash App Investing account. This is a brokerage account that allows you to buy and sell stocks and exchange-traded funds (ETFs). To open an account, you must be a U.S. resident, be 18 or older, and provide your social security number, U.S. residential address, employment status, and name of your employer.

Once you have an account, follow these steps to sell stocks:

• Tap the Money tab on your Cash App home screen.
• Tap on the Stocks Tile.
• Scroll down to Stocks Owned.
• Select the company whose stock you want to sell.
• Select an amount or tap to enter a custom amount.
• Confirm with your PIN or Touch ID.

Depending on market activity, the amount of your sale may take up to 1-2 business days to be deposited into your Cash App balance. It's important to note that selling shares may have tax implications, so be sure to consult a tax advisor if you have questions about your specific situation.

Additionally, Cash App Investing may remove stocks and ETFs when they no longer meet certain criteria, such as being traded on NASDAQ/NYSE, having a market capitalization above $300M, a 60-day average trade volume above 500,000, and a 52-week low price above $5 per share. If you own shares of a stock or ETF that is no longer offered, you can still view and sell them, but you won't be able to purchase more.

Cash App Investing vs Cash App balance

Cash App is a financial services platform that allows users to send, receive, and store money, as well as buy stocks, ETFs, and bitcoin. It is important to note that Cash App is not a bank, and banking services are provided by Cash App's bank partners.

When you start investing with Cash App, you create a brokerage account with Cash App Investing LLC, which allows you to buy and sell stocks and exchange-traded funds (ETFs). This Investing account is different from your Cash App balance. The balance associated with your Investing account, or the "stock balance", is the total current value of the investments you've made, which is held by a third-party custodian, DriveWealth LLC. This value is shown separately from your general Cash App balance.

When you sell stocks or ETFs, the funds from the sale are automatically transferred to your Cash App balance, which you can then use to buy more stocks, spend on your Cash Card, send money to others, or cash out to your linked bank account.

Cash App Investing is particularly suitable for beginners who want to pick and choose their stocks, ETFs, and fractional shares. It is also a good option for those who want to link their bank account to transfer money and invest in stocks, ETFs, and bitcoin all on one platform. However, Cash App Investing does not offer investment advice, portfolio recommendations, or advanced trading platforms and features.

In summary, Cash App Investing is a self-directed service that allows users to buy and sell stocks, ETFs, and bitcoin, with the convenience of managing all their money in one place. The Cash App balance, on the other hand, is where the funds from the sale of stocks or ETFs are deposited, and these funds can then be used for various purposes, including investing in more stocks.

Cash App Investing customer support

Cash App Investing is a self-directed service that allows users to buy and sell stocks and exchange-traded funds (ETFs). When you open a Cash App Investing account, you create a brokerage account with Cash App Investing LLC, a subsidiary of Block, Inc. This account is separate from your Cash App balance and is held by a third-party custodian, DriveWealth, LLC.

To open a Cash App Investing account, you must be a US resident, 18 or older, and provide a Social Security number, US residential address, employment status, and name of the employer. This information is necessary for identity verification and regulatory compliance.

Cash App Investing offers a range of features to help users make informed investment decisions, such as access to analyst opinions, earnings reports, and notifications about price changes. Users can also set orders to buy stocks regularly or at a target price. Additionally, Cash App Investing does not charge any commission fees, making it a cost-effective option for investors.

If you have any questions or need assistance with your Cash App Investing account, customer support is available daily from 9 AM to 7 PM ET. You can reach out to them by starting a chat through the Cash App or by calling (800) 969-1940.

Frequently asked questions