How to Cash Out Stocks On Cash App [Quickest Guide]

Cashing out stocks on Cash App is a straightforward process that allows you to convert your investments into cash. This guide will walk you through the steps to effectively cash out your stocks, ensuring you understand the entire process.

📚Related: How To Transfer Stocks from Cash App to Robinhood?

Understanding Cash App Investing

Cash App Investing allows users to buy and sell stocks directly through the app. When you sell a stock, the proceeds from the sale are typically deposited into your Cash App balance, making it easy to access your funds.

Steps to Cash Out Stocks On Cash App

Here are the very easy steps, follow these simple steps:

1. Open the Cash App: Launch the app on your mobile device.
2. Navigate to the Money Tab: Tap on the Money tab located at the bottom of your home screen.
3. Select the Stocks Tile: Find and tap on the Stocks tile to access your investment portfolio.
4. View Your Stocks Owned: Scroll down to view all stocks currently owned in your portfolio.
5. Choose the Stock to Sell: Select the specific company whose stock you want to sell.
6. Initiate the Sale: Press the Sell button.
7. Select Amount: Choose how much stock you wish to sell. You can either select a preset amount or enter a custom amount by tapping on “…” for more options.
8. Confirm Your Sale: After selecting the amount, confirm your transaction using your PIN or Touch ID.
9. Receive Your Funds: The proceeds from your sale will be deposited into your Cash App balance, typically within one business day, depending on market activity.

Important Considerations

• Tax Implications: Selling stocks may have tax consequences. It’s advisable to consult with a tax advisor regarding any potential implications related to capital gains or losses incurred from selling your investments.
• Market Hours: Be aware that if you attempt to sell stocks outside of market hours, your order will be processed once the market reopens. This can affect the price at which your shares are sold.
• Over-the-Counter (OTC) Stocks: If you own OTC stocks (those not listed on major exchanges), Cash App supports selling these shares under certain conditions. The process remains similar but may involve additional risks and fees.

Conclusion

Cashing out stocks is a user-friendly process that can be completed in just a few taps. By following these steps, you can efficiently manage your investments and access cash when needed. Always remember to consider any tax implications and consult professionals if necessary for personalized advice regarding your investment strategy.