Transfer from Cash App to Charles Schwab
Moving assets from Cash App to Schwab is easier than you think. Just follow this simple guide.
Transfer Stocks from Cash App to Schwab
First Step: Open a Charles Schwab brokerage account. If you already have one, make sure it meets these conditions:
- The name on the account matches the Cash App account.
- It is an individual taxable account. Cash App only offers this type of account, so they must match.
Second Step: Get your Cash App account ready for move. Cryptocurrencies can’t be moved through an ACATS transfer, so they must be handled in one of these ways:
- Sell them.
- Leave them behind in a partial transfer.
- Move them to another Cash App account and do a partial transfer.
Third Step: Request the ACATS transfer. This will be done by Schwab. Log into its website and request an account transfer. Follow these steps:
Move Money -> Transfers & Payments -> Transfer an Account
On the transfer form, choose Cash App as the outgoing brokerage. Include your full Cash App account number, with the word CASH and any other letters. Submit the form once everything is correct.
Cash App charges $75 for this transfer. Schwab might reimburse this fee. Contact Charles Schwab support by phone or chat to request a refund.
Free Charles Schwab Account
Open Schwab Account
Transfer Money from Cash App to Schwab
First Step: To move cash, get a Cash Card from Cash App. You can do this on their app. Click
on the Cash Balance tile on the main page and follow the instructions to request it.
Second Step: After you get the Cash Card, you’ll see account and routing numbers in the app. Use these at Schwab to link the Cash App account to your Schwab investment or bank account. On Schwab’s mobile app, tap the Move Money icon in the bottom menu to link the Cash App account.
Third Step: Transfer some cash into Schwab using Schwab’s mobile app or website. On the app, go to the Move Money section to find the ACH transfer form. ACH transfers are faster than ACATS transfers, taking about 1 to 3 days instead of 5 to 8 days.
Alternative: You can also make an instant transfer between Cash App and Schwab Bank (not the brokerage) using the debit card from a Schwab checking or savings account. Enter the card number on Cash App and use the Add Cash button on the home menu. This allows for an instant ACH transfer from Cash App to Schwab, but there is a fee.
Updated on 9/18/2024.
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