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Written by Sam Pennington on November 17, 2023
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How To Transfer From Cash App To Robinhood 2024

Cash App and Robinhood are two platforms designed to make investing and banking easy.

In this article, we provide all the steps necessary to transfer from Cash App to Robinhood.

There are three possible options for transfers, all of which are covered within:

  1. Transfer Stocks from Cash App to Robinhood
  2. Transfer Bitcoin from Cash App to Robinhood
  3. Transfer Cash from Cash App to Robinhood

Let's dive right in!

Check out my video on how to transfer your brokerage account below, let's dive in!

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Robinhood IRA Boost

Here's what you need to know:

  • Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
  • All Robinhood investors will get a 1% Match on what they Contribute or Transfer
  • Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

Best Free Stock Promotions

BrokeragePromotionLink
Robinhood Logo1 Free Fractional Share Worth $5 To $200Learn More
Webull LogoEarn Up To 75 Free Fractional SharesLearn More
Moomoo Logo5 Free Stocks When You Deposit $100+Learn More
Acorns Logo$20 Bonus When You Invest $5+Learn More

Open A Robinhood Account

Regardless of what type of transfer you're looking to do, you'll need to open a Robinhood account.

Use the button above to get a completely free stock when you sign up!

Method 1: Transfer Stocks From Cash App To Robinhood

Investors often find themselves wanting to transfer their stock holdings from one brokerage platform to another for various reasons.

If you're a Cash App Investing user looking to move your stocks to an external brokerage account, you can do so using the Automated Customer Account Transfer Service (ACATS).

1. Gather Info From Cash App

In order to initiate the ACATS transfer from Cash App to Robinhood, you will need to find your Cash App account number.

This number can be found at the top of any trade confirmations or monthly statements.

With the account number, you are all set to initiate the transfer. The receiving broker - Robinhood - will work with Cash App's carrying broker, DriveWealth, LLC, to facilitate the transfer.

2. Assess The Fees

Cash App Investing charges a $75 fee for all completed outbound stock transfers.

Good news! Robinhood is running a current promotion whereas they will reimburse this fee - up to $75 - for accounts transferred worth $7,500 or more.

3. Consider Fractional Shares

Cash App Investing supports the transfer of whole shares only. Any fractional shares you own will remain in your Cash App Investing account.

However, you have the option to sell these fractional shares through Cash App after the transfer is complete.

If you are looking to close your entire Cash App Investing account after the transfer, you may wish to sell the fractional amount of shares that you own prior to the transfer. Make sure you consider any tax consequences first!

4. Initiate The Transfer Within Robinhood App

transfer brokerage account to m1

Once you have your 17 digit Cash App account number, the transfer is pretty simple.

You will perform the steps below within the Robinhood app:

  1. Tap the person icon along the bottom navigation menu
  2. Tap the three lines icon in the top left
  3. Select "Transfers"
  4. Choose "Transfer accounts into Robinhood"
  5. Select Cash App by typing it in the search bar
  6. Enter in your account number
  7. Confirm your account name
  8. Answer whether or not your Cash App account has mutual funds or bonds
  9. Choose full or partial transfer
  10. Review the transfer and submit

Keep in mind that the transfer process may take 3–6 business days, and for updates, refer to your receiving brokerage - Robinhood.

Method 2: Transfer Cash From Cash App To Robinhood

In order to transfer cash from Cash App to Robinhood, you will need to add a new linked bank account to Robinhood.

The steps to link Cash App and Robinhood are as follows:

  1. Open and login into the Robinhood App
  2. Tap the person symbol located in the bottom navigation menu
  3. Tap the 3 bar icon in the top left
  4. Choose "Transfers"
  5. Select "Transfer Money"
  6. In the from space, click on "Select an account" and choose the “Add Account" option
  7. This will open a new window from Plaid
  8. Search for Cash App, or link manually
  9. Choose the account type (Checking or Savings)
  10. Enter your Cash App account number and routing number (to link manually)

After this is done, you can withdraw your Robinhood cash balance to your newly linked Cash App bank account.

Method 3: Transfer Bitcoin From Cash App To Robinhood

Finally, the other option you have is transferring your Bitcoin from your Cash App wallet to your Robinhood crypto wallet.

In order to send Bitcoin from Cash App to Robinhood, you will need to verify your account.

Cash App verify account

This entails taking a photo of the front and back of your government issued ID.

You will also have to activate a Robinhood Crypto Wallet, which will also require verification as well as enabling 2 Factor Authentication.

Here is how to send Bitcoin to another wallet, such as Robinhood, from Cash App:

  1. Click the Money tab on your Cash App home screen
  2. Tap the Bitcoin tile
  3. Tap the Airplane button
  4. Choose Send Bitcoin
  5. Enter the amount and paste the BTC address from Robinhood
  6. Click Next
  7. Tap Confirm & Send

Don't forget to grab your free stock worth up to $200 from Robinhood today!

Article written by Sam Pennington
Sam is a personal finance writer. While in college, he dedicated his spare time to learning about personal finance, investing, and real estate. Sam currently works as a business analyst for one of the top food manufacturers in the world.

Read more

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Get 1 Free Stock Worth Up To $200 From Robinhood!

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Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

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