How To Transfer From Cash App To SoFi

When moving funds between apps like Cash App and SoFi, it's important to understand the difference between transferring cash/money and transferring investment assets such as stocks.

In this post, we'll cover how to transfer both types from Cash App to SoFi, including key details on fees, transfer times, and important security tips.

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

1. How to Transfer Money from Cash App to SoFi Bank Account

If you're looking to move cash from your Cash App balance into a SoFi Checking, Savings, or Money account, the process is simple and fast:

1. Open the Cash App on your mobile device.
2. Tap on your Cash App balance on the home screen.
3. Select "Cash Out."
4. Enter the amount you want to transfer.
5. Select your linked SoFi bank account or SoFi Money debit card as the destination.
6. Choose the transfer speed: Instant (with a fee) or Standard (usually free, takes 1-3 business days).
7. Confirm the transfer to complete it.

To link your SoFi account to Cash App if you haven't already:

1. In Cash App, tap your profile icon.
2. Scroll to and select "Linked Banks."
3. Tap "Link Debit Card."
4. Choose the "No Card?" option and search for SoFi manually.
5. Authenticate by logging into your SoFi account when prompted.

This method is the quickest way to move funds across your Cash App and SoFi bank accounts with little hassle.

2. How to Transfer Your Cash App Investment Account to SoFi Investments

For transferring stocks or other investment assets held in your Cash App Investing account to SoFi Invest, you will need to perform an ACAT (Automated Customer Account Transfer) transfer, which is a formal brokerage account transfer. Here’s how to do it:

Step 1: Locate Your Cash App Investing Account Number

SoFi requires the following details for the ACAT transfer:

• Type of brokerage account
• Your 17-digit Cash App Investing Account Number (distinct from your 10-digit Cash App account number)

You can find this investing account number by accessing any monthly investing statement within the Cash App:

1. Open Cash App and tap your profile icon on the home screen.
2. Select "Personal."
3. Scroll down to "Documents."
4. Choose "Monthly Statements."
5. Open any listed investing statement to find your 17-digit investing account number.

Step 2: Initiate the Transfer in SoFi

1. Log in to your SoFi app and go to the "Invest" section.
2. Select "Transfer Account" or choose "Begin Transfer" on your dashboard.
3. Search for and select "Cash App" as the brokerage you’re transferring from.
4. Enter your 17-digit Cash App investing account number.
5. Follow the on-screen prompts to complete the transfer request.

Keep in mind that SoFi will reimburse the $75 transfer fee if the account value you transfer is at least $5,000. Transfer times typically take up to a week or more to complete.

3. Important Notes and Limitations

• Cryptocurrency transfers: You cannot transfer cryptocurrency holdings between Cash App and SoFi. Crypto assets must be sold or withdrawn separately.
• Transfer fees: Cash transfers via Cash App depend on your chosen speed (instant transfers may have fees; standard transfers are free). The $75 ACAT reimbursement applies only for investment account transfers over $5,000.
• Transfer timeframes: Cash transfers are usually instant or take 1-3 business days; investment transfers can take several business days to a week or more.
• Verification and security: Make sure your personal information is accurate in both Cash App and SoFi to avoid delays. Enabling two-factor authentication on both apps is highly recommended for security.