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Hey Cash App-ers!
Check this out…
Cash App recently added a new “Round Up” feature to their app allowing you to easily invest in stocks or Bitcoin.
Worrying about setting aside money to invest in that stock or bitcoin is now a thing of the past.
Cash App will set that money aside FOR you and for the most part, you won’t even notice since the amounts are tiny.
And…
If you use your Cash App card frequently enough, the amount you’re investing will grow QUICKLY.
Pretty COOL – huh? I thought so too.
But…
How do Cash App Round Ups work and what else do you need to know when using them?
In this post, I’ll show you EVERYTHING you need to know about Cash App Round Ups including how to withdraw what you’ve earned.
How Do Cash App Round Ups Work?
Cash App Round Ups work when you make purchases using your Cash App card (aka “Cash Card”).
The transaction amounts using your Cash App card are “rounded-up” to the nearest dollar amount.
Those round-ups are then AUTOMATICALLY invested in either bitcoin or a stock of your choice.
It doesn’t get much EASIER.
This, of course, means that you NEED to have a Cash App card in order to use Round Ups.
If you don’t, I show you how to get one later in this post.
The amount of each transaction is rounded-up to the nearest dollar amount.
For example…
If you purchase something using your Cash App card for $5.40, $.60 will automatically be added to the transaction total and invested into either buying stock or bitcoin (whichever you choose when setting things up).
These Round Ups will show up in your account (as purchased stock or bitcoin) once your transaction has cleared – typically in 1 to 3 business days.
How to Set Up Cash App Round Ups (Step-By-Step)
This is how you can set up Cash App Round Ups:
- Step 1: Open Cash App and log in to your account.
- Step 2: Tap on the card icon at the bottom of Cash App.
- Step 3: Scroll down and tap on “Round Ups”.
- Step 4: Read and then tap “Continue”.
- Step 5: Choose how you want to invest your spare change.
- Step 6: Once Round Ups are enabled, tap “Done”.
Are There Fees When Using Cash App Round Ups?
There are no direct fees when using Cash App Round Ups.
However…
There typically ARE fees when you go to withdraw the Round Ups you’ve earned (aka sell your stock or bitcoin).
Below I show you how to go about withdrawing/selling what you’ve earned from your Round Ups.
It’s WAY easier than it probably sounds.
How to Withdraw or Cash Out Your Cash App Round Ups
To withdraw or ”cash out” your Cash App Round Ups, all you need to do is sell the stock or bitcoin that was automatically purchased with your Round Ups.
To sell your stock and withdraw your Round Ups:
- Step 1: Open Cash App and log in to your account.
- Step 2: Tap on your balance in the bottom left corner of Cash App.
- Step 3: Tap on the Investing Tile.
- Step 4: Scroll down to Stocks Owned and select the stock you want to sell.
- Step 5: Tap on “Sell” and choose the amount.
- Step 6: Confirm the transaction with your PIN, Touch ID or FaceID.
To sell your bitcoin and withdraw your Round Ups:
- Step 1: Open Cash App and log in to your account.
- Step 2: Tap on your balance in the bottom left corner of Cash App.
- Step 3: Tap on the Bitcoin Tile.
- Step 4: Tap the Sell button and enter the amount you’d like to sell.
- Step 5: Enter your PIN, Touch ID, or Face ID and select Confirm.
Can I Disable or Change My Cash App Round Ups?
If you decide you want to disable your Round Ups or change what you’re putting them into, the process is simple.
Here’s how:
- Step 1: Open Cash App and log in to your account.
- Step 2: Tap on the card icon at the bottom of Cash App.
- Step 3: Scroll down and tap on “Round Ups”.
- Step 4: If you want to turn off Round Ups, use the toggle switch near the top to disable it.
- Step 5: If you want to change what your Round Ups are going towards, tap on “Change Destination” and choose where you’d like it to go (either stocks or bitcoin)
How to Get a Cash App Card (So You Can Use Round Ups)
In order to use Cash App Round Ups, you have to have a Cash App Card since your “round-ups” are the amount of your transactions with your Cash App Card rounded up to the nearest dollar amount.
This is how to get a Cash App Card:
- Step 1: Open Cash App and log in to your account.
- Step 2: Tap on the card icon at the bottom of Cash App.
- Step 3: Tap on “Get Free Cash Card”.
- Step 4: Tap “Continue” and then follow the steps to have your card mailed to you.
What to Do If You Have Problems With Cash App Round Ups
If you have any problems setting up or using your Cash App Round Ups, the best thing for you to do is to contact Cash App support.
Unfortunately…
The internet is littered with all kinds of scammy websites pretending to be support for various apps like Cash App, so it’s important to know you’re contacting the right people.
The easiest way to know for sure is to contact support using Cash App itself.
Here’s how to contact Cash App support:
- Step 1: Open Cash App and log in to your account.
- Step 2: Tap on your profile icon in the top right corner of Cash App.
- Step 3: Scroll down and tap on “Support”.
- Step 4: Tap on “Start a Chat” and explain the issue that you’re having. Cash App support will respond as soon as they can.
Wrapping Up – How Do Cash App Round Ups Work?
- Cash App Round Ups are a new feature that allows you to “round-up” transactions made with your Cash App card and have those funds automatically invested in either bitcoin or stock of your choice.
- There is no fee directly with using the Round Up feature.
- You can withdraw or “cash out” your Round Ups by selling the stock or bitcoin (whichever you invested in).
- If you have any problems, contact Cash App support using the app itself for help.
References
- https://cash.app/help/us/en-us/10131-cash-card-round-ups#:~:text=Round%20Ups%20will%20process%20when,executed%20instantly%20during%20market%20hours.
- https://www.gobankingrates.com/investing/strategy/cash-app-users-use-cash-card-round-ups-to-invest-spare-change-in-stocks-and-bitcoin/
- https://www.youtube.com/watch?v=fNG9gUMOOe4
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