When it comes to cashing out stocks on Cash App, the process is quite straightforward and user-friendly. Here’s a detailed guide on how you can efficiently sell your stocks through the app:
Accessing the Stocks Section
First and foremost, open your Cash App and navigate to the Money tab on the home screen. Next, locate and tap on the Stocks tile to access your stock portfolio.
Choosing the Stock to Cash Out
Once you’re in the Stocks section, scroll down to find the list of companies whose stock you currently own. Select the specific company’s stock that you want to sell by tapping on it.
Initiating the Sell Order
After selecting the company, you will see an option to ‘Sell.’ Tap on this option to proceed with selling the stock.
Selecting the Sale Amount
At this stage, you can choose to sell a specific amount of the stock or enter a custom amount by tapping the ‘…’ button. Select the desired quantity you wish to cash out.
Confirming the Sale
Once you’ve entered the amount you want to sell, you will be prompted to confirm the transaction. Verify the details and proceed to the next step.
Security Verification
To ensure security, you will need to confirm the sale with your PIN or Touch ID, depending on the security settings you have enabled on Cash App.
Completion of Transaction
Upon successfully verifying the sale, the transaction will be processed, and your stocks will be sold. You can expect the funds from the sale to reflect in your Cash App balance shortly.
Monitoring the Transaction
After selling your stocks, you can track the transaction details in the Cash App’s transaction history to keep a record of the sale.
Withdrawal or Reinvestment
Once the funds are available in your Cash App balance, you have the option to either withdraw the money to your linked bank account or reinvest it in other stocks through the app.
Customer Support
If you encounter any issues or have questions regarding the stock selling process on Cash App, you can reach out to their customer support for assistance and guidance.
Final Thoughts
In conclusion, cashing out stocks on Cash App is a seamless procedure that allows you to effortlessly manage your investments directly from your mobile device. By following the steps outlined above, you can successfully sell your stocks and access the proceeds with ease.
