How To Transfer From Cash App To SoFi 2024

Cash App is one of the most convenient, no-hassle ways to send money to friends and family.

Recently, Cash App has added more ways for their users to manage money through investing in stocks and the ability to buy bitcoin inside their app.

Today we're going to show you how to transfer from Cash App to SoFi, step by step.

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.

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

Brokerage	Promotion	Link
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	Earn Up To 40 Free Fractional Shares	Learn More
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Transferring Cash From Cash App To SoFi

There are two possible scenarios when transferring from Cash App to SoFi. You can either:

• Transfer cash from your Cash App to your SoFi Money account.
• Transfer your investment account from Cash App to SoFi Invest.

Let's start with the cash transfer instructions:

1. Open your Cash App.
2. Click on the person icon in the top right.
3. Scroll down and select Linked Banks.
4. You can now link a new bank account or debit card.
5. Link your SoFi debit card or SoFi money account via Plaid.
6. Initiate a withdrawal from Cash App to your newly linked SoFi bank account.

Transferring Stocks From Cash App To SoFi

On the other hand, here is how to initiate a transfer of your stocks owned within Cash App over to SoFi.

Keep in mind, at this time, crypto cannot be transferred from Cash App to SoFi.

1. Sign Up For SoFi

SoFi accounts are pretty quick to set up, and aren't too different from any other mobile banking sign up experience.

You'll have to give them your information, including your social security number, and then verify your information.

2. Find Your Cash App Investment Account Info

First, let's go into your Cash App, and grab a few details for the ACATs transfer.

SoFi will need the following:

• Type of Brokerage Account
• Your 17-Digit Cash App Investing Account Number

This 17-digit investing account number is separate from your regular 10-digit Cash App account number.

The easiest way to find your investing account number is by opening any Cash App monthly investing statement.

Here's how to find it:

1. Open Cash App, and tap your profile icon in the home screen.
2. Choose "Personal."
3. Scroll to where it says "Documents."
4. Choose "Monthly Statements", and select any available statement.
5. You will find your investment account number listed inside this file.

Copy down your Cash App investing account number.

3. Initiate The Transfer Into SoFi

Here's how to initiate the transfer within the SoFi app:

1. Log into SoFi and select "Invest."
2. Choose "Transfer Account" in the app, or "Begin Transfer" on the dashboard.
3. Search for Cash App among the brokerages, and select it.
4. Confirm your Cash App investing account number.
5. Follow the remaining prompts to finalize the transfer.

SoFi will reimburse users for their $75 transfer fee if the value of the account transferred is at least $5,000.