Accounts & headline costs
Sections ↑Cash App Investing embeds a U.S. self-directed brokerage account in the Cash App interface. Customers can start most stock purchases at US$1, use fractional shares and automatically invest Round Ups from US$0.01. The apparent simplicity sits on a two-layer structure: Cash App Investing introduces the account and the carrying broker holds, clears and settles it. During the current clearing transition, the carrying firm can be Apex or DriveWealth, and that distinction changes whether the account operates as cash or margin.[1][2][5]
Account and service routes at a glance
| Account or route | Customer scope | Headline condition |
|---|---|---|
| Adult Investing Account | U.S. resident with Social Security number; personal use | One ordinary account per customer; self-directed stocks and eligible fractions.Source 1 |
| Family Investing Account | Authorised user aged 13–17, sponsored by parent/legal guardian | Sponsor may open up to four; sponsor accepts terms and retains responsibility.Source 1 |
| Apex-carried account | Cash account | Purchases need settled funds; good-faith and freeriding rules apply.Source 2Source 8 |
| DriveWealth-carried account | Margin account without general borrowing feature | Pattern-day-trading restrictions and platform controls can apply.Source 2Source 1 |
Opening essentials
| Measure | Value | Context |
|---|---|---|
| Minimum ordinary purchase | US$1 | Round Ups may invest from US$0.01; eligible security and account status required.Source 2Source 5 |
| Current service commission | US$0 | Cash App Investing may introduce/change fees with notice; third-party and regulatory charges remain.Source 2 |
| Ordinary sale minimum | US$1 | “Sell All” can close a smaller residual position.Source 2 |
| Account company | Cash App Investing LLC | SEC-registered broker-dealer and FINRA/SIPC member; Block, Inc. is an affiliate, not the account broker.Source 1Source 3Source 9 |
The account agreement describes a zero-balance brokerage design. Free credit balances are transferred continuously from the investing account to the customer’s Cash App balance. That can make cash available in the app while also moving it outside the securities account and its SIPC treatment; the investing account and the Cash App balance should not be read as one legal account.[1]
Products & platforms
Sections ↑Products and what is actually held
| Product | Published access | Important boundary |
|---|---|---|
| Eligible U.S. stocks and ETFs | Whole and fractional self-directed positions | Cash App controls the supported universe and may discontinue trading or custody for a security.Source 1Source 5 |
| Fractional shares | Dollar-based access from US$1 | Voting can be fractional where supported; transfers and corporate actions can be limited.Source 2Source 1 |
| Round Ups | Purchases from US$0.01 using eligible Cash App spending round-ups | A recurring funding feature, not a guarantee of execution price or return.Source 2Source 5 |
| Family Investing | Stocks for authorised users aged 13–17 | Sponsored accounts remain under adult agreement and platform eligibility rules.Source 1 |
| Bitcoin and other Cash App services | Separate non-brokerage products | Bitcoin is not a Cash App Investing security and does not inherit SIPC coverage.Source 1Source 3 |
Platforms and tools
| Platform or tool | Published capability | Boundary |
|---|---|---|
| Cash App mobile interface | Research, dollar/share orders, portfolio and documents | Mobile availability does not establish continuous market access or independent execution testing.Source 1Source 5 |
| Apex carrying platform | Clearing, settlement, custody, books and records for migrated accounts | Cash-account rules, Apex transfer/DRS charges and Apex routing disclosures apply.Source 1Source 2Source 8 |
| DriveWealth carrying platform | Clearing and custody for accounts not yet migrated | Margin-account/PDT treatment can differ from Apex cash accounts.Source 2Source 1 |
| AI-powered chat/interface | Subject to separate Cash App generative-AI and investing disclosures | No authority to place an investment order without the customer’s instruction is established.Source 1 |
The clearing transition is not just a back-office name change. It can create separate statements and tax documents and can change the applicable account-rule section. Customers should use the carrying firm printed on the current statement rather than assuming every Cash App account already follows the same restrictions.[1][2]
Fees & holding costs
Sections ↑Core charges
| Charge | Published amount | Scope or trigger |
|---|---|---|
| Cash App Investing service fee | Currently US$0 | Thirty days’ written notice is promised for implementing or changing a service fee.Source 2 |
| Sell-side SEC fee | US$20.60 per US$1 million principal, rounded up | Rate in April 2026 rules; recheck because regulatory rates change.Source 2 |
| FINRA Trading Activity Fee | US$0.000195/share, capped at US$9.79 | House Rules state a temporary zero equity-sale rate from 1 October through 31 December 2026.Source 2 |
| Outbound brokerage transfer | US$75 | Debit is passed to the receiving broker, which decides how to process it.Source 2 |
| Apex DRS transfer | US$115 per ticker; rejected request US$125 | Requires settled cash and matching registration details.Source 2Source 8 |
Worked cost examples
| Example | Calculated amount | Assumptions |
|---|---|---|
| US$100 fractional stock purchase | US$0 Cash App commission | Excludes spread and future sell-side regulatory fees.Source 2 |
| Complete outbound ACATS-style transfer | US$75 | Receiving broker can debit or absorb the charge under its own policy.Source 2 |
| Two-ticker Apex DRS request | US$230 | US$115 for each security; rejection risk can create a different charge.Source 2 |
Other costs and continuing charges
| Item | Published treatment | Practical consequence |
|---|---|---|
| Payment for order flow | Apex may receive and share routing revenue | No direct commission does not mean the broker/carrying firm receives no economic benefit.Source 2Source 7 |
| Negative account balance | Securities may be liquidated to cover the deficit | Liquidation can occur at an unfavourable price.Source 2 |
| Corporate reorganisation | Holding may need to be transferred or liquidated | Fractional/residual treatment can differ by event.Source 2 |
| Future fee changes | Permitted under agreement with stated service-fee notice | Review current House Rules before each unusual account action.Source 1Source 2 |
The platform’s current zero-commission position is real but narrow. Transfer, registration, regulatory and account-deficit costs remain. Payment for order flow also belongs in the economic picture even though it is not separately debited from an order.[2][7]
Execution & trading rules
Sections ↑Order handling and market access
| Rule or route | Published operation | Consequence |
|---|---|---|
| Apex market order | Treated as a held market order | Prompt execution at available prices; the quoted or displayed price is not guaranteed.Source 2Source 8 |
| DriveWealth margin account | Pattern-day-trading controls can restrict orders | Four or more day trades in five business days can lead to restriction, deactivation or closure.Source 2 |
| Apex cash account | Good-faith and freeriding rules apply | Selling before the purchase is fully paid with settled funds can create restrictions.Source 2 |
| Near-total sale | Within US$1 of value or 2% of share amount, customer must Sell All or reduce request | Prevents tiny unsupported residual instructions under the published rule.Source 2 |
| Security discontinued | Cash App/carrying firm may end trading or custody | Agreement permits liquidation with notice where supported services cease.Source 1 |
Sessions, settlement and order timing
| Situation | Published treatment | Boundary |
|---|---|---|
| Market orders | Queued/handled under supported U.S. market sessions | No universal price guarantee; execution timing follows market and carrying broker.Source 2 |
| Most stock settlement | Typically T+1 or longer where specified | Before settlement, sale cash or purchased securities may be restricted.Source 2 |
| Advance availability | Cash App may provide funds before settlement | Advance is discretionary and is not the actual settled sale proceeds.Source 2 |
| Order validity | House Rules primarily describe market-style workflow | A broad good-till-cancelled retail instruction was not established in reviewed documents.Source 2 |
Cash App’s design reduces order-entry choices but does not remove execution risk. A held market order can fill at a different price from the app display, and settlement/account-type rules can prevent an immediate reuse or withdrawal of cash.[2]
Deposits, withdrawals & transfers
Sections ↑Funding and available cash
| Route | Published process | Restriction or timing |
|---|---|---|
| Cash App balance to brokerage | Customer authorises instructions through Cash App | Funding and account balances remain legally separate even when shown in one interface.Source 1 |
| Round Ups | Small automatic contributions after eligible Cash App spending | Minimum can be US$0.01; frequency depends on underlying transactions.Source 2Source 5 |
| Free credit sweep out | Brokerage cash transferred continuously to Cash App balance | Zero-balance design changes where cash is held and protected.Source 1 |
| Family account funding | Sponsor-controlled within Cash App Family structure | Authorised user access does not remove sponsor obligations.Source 1 |
Withdrawals and transfers
| Action | Published process | What changes the timing |
|---|---|---|
| Sale proceeds to Cash App balance | Transferred after availability under the zero-balance instruction | Settlement and any advance-funds policy affect timing.Source 1Source 2 |
| Outbound stock transfer | US$75 completed-transfer charge | Fractional positions or unsupported assets can require liquidation.Source 2 |
| Direct registration from Apex | US$115 per ticker; US$125 rejection charge possible | Settled shares, exact registration and sufficient settled cash required.Source 2 |
| Account closure or suspension | Cash App may restrict, transfer or liquidate as permitted | Outstanding obligations and pending transactions survive closure.Source 1 |
The app may show cash quickly because the company can make advance funds available before settlement and because free brokerage cash is swept to the Cash App balance. Those conveniences should not be read as proof that securities have settled or that the money remains inside a SIPC-member brokerage account.[1][2]
After cash reaches the separate Cash App balance, sending it to an external bank is another step. The current transfer help page quotes free Standard transfers, usually 1–3 business days. Instant transfers to the linked debit card typically arrive immediately and cost 0.5%–2.5%, with a US$0.25–US$1 minimum and US$75 maximum; the exact fee is shown before confirmation. This is a Cash App balance-transfer fee, distinct from the brokerage’s US$75 securities-transfer charge.[11]
For a missing external transfer, the app’s Activity receipt supplies the transaction reference, including the applicable bank/network trace number. Cash App directs customers to ask the receiving bank to locate the deposit; a returned transfer reappears in the Cash App balance after the return settles.[11]
Protection & regulation
Sections ↑Legal entity and authority evidence
| Measure | Value | Context |
|---|---|---|
| Introducing broker | Cash App Investing LLC | FINRA/SIPC member and SEC-registered broker-dealer.Source 1Source 9 |
| Carrying broker | Apex Clearing or DriveWealth | Current order screen, confirmation or statement identifies the applicable firm.Source 1Source 2 |
| Parent/affiliate | Block, Inc. | Not the registered broker-dealer for the Investing Account.Source 1 |
| Service date | Terms checked 15 October 2026 | House Rules last updated 6 April 2026; account agreement 12 February 2026.Source 1Source 2 |
Protection depends on the asset and account
| Arrangement | Relevant scope | What it does not cover |
|---|---|---|
| SIPC member relationship | Eligible securities/cash missing after member failure, under SIPC rules | Does not cover market decline, crypto held outside the brokerage or every Cash App balance.Source 3Source 10 |
| Cash App balance | Separate non-brokerage balance after sweep | Do not assume brokerage SIPC treatment simply because funds came from a stock sale.Source 1 |
| Apex/DriveWealth custody | Carrying broker maintains account and records | Protection and statements follow the actual carrying firm during migration.Source 1Source 2 |
| Fractional holdings | Book-entry interest under carrying arrangement | Transfer, voting and corporate-action limits can differ from whole shares.Source 2 |
SIPC protection is not a US$500,000 guarantee of account value. It concerns eligible missing property at a failed member, subject to claim and aggregation rules. The current zero-balance sweep makes the location of cash especially important.[10][1]
Opening an account & support
Sections ↑Application and account administration
| Stage | Published requirement | Operational detail |
|---|---|---|
| Adult eligibility | U.S. resident, valid Social Security number and legal age | Non-U.S. residents are excluded; identity verification can require documents.Source 1 |
| Create account | Open through Cash App and supply identity/employment information | Cash App can refuse or restrict an application.Source 1 |
| Family Investing | Sponsor must already have Investing and Family accounts | Authorised user must be 13–17 and a U.S. resident.Source 1 |
| Confirm carrying firm | Read order screen, confirmations and statements | Determines cash versus margin rules during the migration period.Source 2 |
Verified service routes
Scope Current agreements, routing, continuity and carrying-broker disclosures.
Scope Account-access and app support; authenticate before sharing account information.
When the platform or device is unavailable
| Situation | Published route | Limitation |
|---|---|---|
| Cash App unavailable | Use official support and consult business-continuity information | No promise that an order can always be placed by telephone.Source 6Source 3 |
| Carrying-broker disruption | Continuity plan may route customers to alternative contact/process | The plan does not guarantee immediate access, execution or withdrawal.Source 6 |
| Uncertain order | Review activity, confirmations and statement before retrying | A duplicate market order can create an unintended position.Source 2 |
| Lost device or compromised login | Use Cash App account-recovery/support procedures | Security review can restrict access; no fixed public withdrawal-hold period was established.Source 1 |
Additional services
Sections ↑Additional services and account controls
| Service | Published scope | Control or cost |
|---|---|---|
| Family Investing | Up to four sponsored accounts for ages 13–17 | Sponsor accepts terms and controls the relationship.Source 1 |
| Round Ups | Automatic small-dollar stock purchases | Minimum US$0.01; selected security and funding activity govern.Source 2Source 5 |
| Fractional voting | May be supported pro rata | Minimum fractional threshold or issuer support can prevent voting.Source 2 |
| Corporate actions | Processed through the carrying broker | Some reorganisations can force transfer or liquidation.Source 2 |
Records, currency and technical access
| Account feature | Published outcome | Boundary |
|---|---|---|
| Statements and tax forms | Carrying broker delivers confirmations, statements and tax reporting | Migration can mean records from more than one carrying broker; retain both.Source 1 |
| Order count/validity | Market-style orders and account-rule restrictions are documented | No universal long-dated order workflow established.Source 2 |
| Device persistence | Orders are processed by the brokerage/carrying system, not only the phone | A local app closure does not itself cancel an accepted order.Source 1 |
| Currency handling | U.S.-dollar securities account integrated with Cash App | No multi-currency brokerage wallet or direct FX product established.Source 1 |
| API reach | No public customer trading API established | Do not use unofficial credential automation.Source 4 |
| AI authority | AI chat/interface is separately disclosed | It does not replace the customer’s responsibility for an order.Source 1 |
Company background & evidence
Sections ↑Company identity and evidence
| Item | Current evidence | Interpretation |
|---|---|---|
| Legal company | Cash App Investing LLC | Registered broker-dealer; subsidiary of Block, Inc.Source 1Source 9 |
| Current architecture | Introducing broker plus Apex or DriveWealth carrying firm | Account rule and records depend on the current carrier.Source 1Source 2 |
| Migration consequence | Apex and DriveWealth accounts can coexist during transition | Cash versus margin rules, statements and tax forms must not be mixed.Source 2Source 1 |
| Revenue model | Payment for order flow may be received/shared | Economic relationship is disclosed even when customer commission is zero.Source 2Source 7 |
Cash App Investing is easiest to understand as a chain: the Cash App provides the interface; Cash App Investing receives customer instructions; the carrying broker clears, settles and holds the account. The 2026 documents make that chain material because Apex and DriveWealth use different account models.[1][2]
- Headquarters
- United States — mobile brokerage subsidiary of Block, Inc.
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Cash App Investing LLC
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Industry Regulatory Authority144076 | Registered | Checked 15 Oct 2026FINRA BrokerCheck firm record; the account agreement also identifies SEC registration and SIPC membership.Source 9 |
Additional Information
Sections ↑Sources & further reading
- Cash App Investing Customer Account Agreement, 12 February 2026 Cash App Investing · 12 Feb 2026 · Accessed 15 Oct 2026
- Cash Investing House Rules, 6 April 2026 Cash App Investing · 6 Apr 2026 · Accessed 15 Oct 2026
- Cash App Investing Form CRS, 12 February 2026 Cash App Investing · 12 Feb 2026 · Accessed 15 Oct 2026
- Cash App Investing disclosure library Cash App Investing · Accessed 15 Oct 2026
- Cash App stocks and fractional investing overview Cash App · Accessed 15 Oct 2026
- Cash App Investing business continuity plan Cash App Investing · Accessed 15 Oct 2026
- Cash App Investing order-routing disclosures Cash App Investing · Accessed 15 Oct 2026
- Apex Clearing legal and trading disclosures Apex Fintech Solutions · Accessed 15 Oct 2026
- Cash App Investing LLC — firm summary 144076 FINRA BrokerCheck · Accessed 15 Oct 2026
- What SIPC protects and its limits Securities Investor Protection Corporation · Accessed 15 Oct 2026
- Cash App current external withdrawal speed, fees and trace process Cash App Investing · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.