If you’re looking to cash out your stock on Cash App, the process is quite straightforward. Here’s a step-by-step guide on how to sell your stock using the Cash App Investing feature:
Step 1: Access the Money Tab
The first step is to tap on the Money tab located on your Cash App home screen. This tab is where you’ll find all your financial transactions and options.
Step 2: Navigate to the Stocks Tile
Once you’re on the Money tab, look for the Stocks Tile and tap on it. This will take you to a list of all the stocks you currently own through Cash App Investing.
Step 3: Choose the Stock to Sell
Scroll down to find the company whose stock you want to sell. Once you’ve located the stock you wish to cash out, tap on it to proceed to the next step.
Step 4: Initiate the Sell Process
After selecting the stock you want to sell, you’ll see a “Sell” option on the screen. Tap on that option to begin the selling process.
Step 5: Determine the Sale Amount
At this point, you’ll have the option to choose the amount of stock you want to sell. You can either select a pre-set amount or tap on the ellipsis (…) to enter a custom sale amount.
Step 6: Confirm the Sale
Once you’ve entered the desired sale amount, you’ll be prompted to confirm the sale. This step typically requires you to enter your PIN or use Touch ID to finalize the transaction.
Step 7: Review the Transaction Details
Before completing the sale, it’s essential to review all the transaction details carefully. Make sure the stock, the sale amount, and other pertinent information are accurate.
Step 8: Execute the Sale
If everything looks correct, go ahead and execute the sale by confirming the transaction. The stock will then be sold, and the funds will be available in your Cash App account.
Step 9: Monitor Your Cash App Balance
After cashing out your stock, keep an eye on your Cash App balance to ensure that the proceeds from the sale have been successfully deposited.
Step 10: Consider Cash App Transaction Fees
Keep in mind that there may be transaction fees associated with selling stock on Cash App. Be aware of any fees that may apply and factor them into your calculations.
Step 11: Explore Reinvestment Options
Once you’ve cashed out your stock, you may want to consider reinvesting the funds or exploring other investment opportunities available through Cash App Investing.
Step 12: Enjoy the Benefits of Cash App Investing
Congratulations! You’ve successfully cashed out your stock on Cash App. Now, sit back and enjoy the benefits of your investment decisions. Stay informed about market trends and consider reinvesting for future financial growth.
