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Written by Ryan Scribner on December 15, 2023
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How To Transfer From Cash App To Webull 2024

Cash App and Webull 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 Webull.

There are at least two possible options for transfers, all of which are covered within:

  1. Transfer Stocks from Cash App to Webull
  2. Transfer Bitcoin from Cash App to Webull

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

Robinhood Logo1 Free Fractional Share Worth Up To $200Learn More
Webull LogoEarn Up To 75 Free Fractional SharesLearn More
Moomoo Logo7 Free Stocks When You Deposit $100+Learn More
Acorns Logo$20 Bonus When You Invest $5+Learn More

Open A Webull Account

Webull Crypto Wallet

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

Use the button above to get free stocks when you sign up!

New to Webull? Check out my full tutorial below!

Method 1: Transfer Stocks From Cash App To Webull

Webull does not support account transfers under $500 in value, so keep this in mind.

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 Webull, 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 - Webull - 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.

Webull does not charge any fees on the receiving end.

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 Webull 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 Webull app:

  1. Navigate to the account page by tapping on the Webull icon in the middle of the bottom navigation menu
  2. Tap on "Transfers" which you can find along the top of the screen
  3. Tap on "Transfer Stocks into Webull"
  4. Click on "Transfer Assets into Webull"
  5. Choose the broker to transfer from, which is Cash App
  6. Review the information and acknowledge that you confirmed the requirements
  7. Tap "Continue"
  8. Enter in your Stash Account number
  9. Indicate whether you want to complete a full or partial transfer
  10. Click on the “Submit Stock Transfer Request” button

Method 2: Transfer Bitcoin From Cash App To Webull

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

In order to send Bitcoin from Cash App to Webull, 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 Webull 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 Webull, 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 Webull
  6. Click Next
  7. Tap Confirm & Send
Article written by Ryan Scribner
Ryan Scribner is the Co-Founder of Investing Simple and author of the personal finance book ‘From Side Hustle To Main Hustle To Millionaire’ (available on Amazon and at Barnes & Noble). He is recognized as a Top 100 Money Expert by GoBankingRates. Ryan Scribner runs a successful YouTube channel focused on money and investing, which he started in 2016. Scribner was exposed to the finance world early on with a dad who is a financial advisor. Before he started his YouTube channel, he was working and making a surplus of money which he began investing on his own. Then he started to document it on his YouTube channel, before launching the Investing Simple blog in 2018. Ryan Scribner has used his own experiences with money to show others what he’s done to be successful so that they can learn from it. He has been featured in The Wall Street Journal in a publication on The Financial Gurus Millenials Listen To. In addition, Ryan Scribner has been featured in MarketWatch, Business Insider and Forbes - where he was recognized as the #1 Must Watch YouTube Channel For Making Money. In recent years, Ryan has become an angel investor across numerous startups. This includes fintech platforms such as Yotta, Mesh Connect and Commonstock - recently acquired by Yahoo Finance. Beyond that, Ryan has equity investments in a veteran-led cybersecurity company Netrise, as well as Beacons - an all-in-one builder tool for creators. Today, Scribner lives in South Florida - teaching others how to build wealth and “semi-retire,” without sacrificing your life to a 9-to-5.

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
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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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