How to Connect Cash App to Robinhood? 2022 Step-by-Step Guide

Let’s talk about Cash App users who are interested in investing with Robinhood, Can you connect Cash App to Robinhood? If you are a Cash App user, you want them to be linked for easier transactions.

Cash App also provides you the option to invest in Stocks and Bitcoin, so you can invest with Cash App too. However, for people who prefer Robinhood as their primary investing platform, I have good news for you, You can now connect Cash App to Robinhood.

In this article I will explain everything that you need to know about connecting Cash App to Robinhood and how can you connect your Cash App to Robinhood to buy stocks. I will start with the basics so that you can understand things clearly. Basic information helps new users to understand better.

Let’s dive in…

What is Robinhood?

Robinhood is a platform used to invest in stocks, ETFs and Crypto. Robinhood has gained popularity among users because it offers 100% commission-free trading. While other investing platforms will take a commission on your stocks, Robinhood does it for free.

If you are a frequent trader, Robinhood is a great option for you. However, there are limitations too. You can not trade mutual funds through Robinhood. If you are a beginner in the trading field, Robinhood is a great choice for you. Especially when you can link your Cash App account to your Robinhood account.

You can invest in crypto, ETFs, and stocks without giving any commission to Robinhood brokerage.

Can You Connect Robinhood to Cash App?

If you are Cash App user, like me, you would definitely love to connect these two powerful platforms and invest without a hassle.

Well, my friend, it is possible to connect your Cash App to Robinhood but I am afraid to inform you that it is not that straightforward. There is no button in Cash App or Robinhood that you can click and connect them together.

You can connect your Cash App to Robinhood by adding the Debit card that you will get from Robinhood. If you don’t have the Robinhood debit card you can not connect Robinhood to your cash app. So Let’s begin the process.

Robinhood Statistics infographic

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How to get Robinhood Debit Card?

If you have a basic Robinhood account you can not apply for a debit card. You will have to upgrade your Robinhood account to a Cash Management account to apply for a physical or virtual debit card.

Here are the steps that you can follow to apply for a Robinhood debit card

1- Launch Robinhood application on your smartphone

2- Tap on the card icon

3- Tap “Join the waitlist” 

4- When it’s your turn Robinhood will send you your debit card.

However, instead of waiting for the physical card, you have now got access to the virtual card that you can use to link Cash App to Robinhood.

How to Link Cash App to Robinhood?

Now that you have got everything ready, you have your Cash app account and you have also got the debit card from Robinhood. You can follow these simple steps to link Cash App to Robinhood.

Step 1- Launch Cash App

Step 2- Tap on the “Banking” Tab

How to Connect Cash App to Robinhood?

Step 3- Tap on “Linked Accounts”

How to Connect Cash App to Robinhood?

Step 4- Select “Link A Debit Card”

Hot water will turn into ice faster than cold water. 19

Step 5- Add your Robinhood debit card number and Tap “Next”

How to Connect Cash App to Robinhood?

Step 6– Enter the Expiry Date, CVV, and ZIP code and tap Next.

Now you have linked your Cash App to Robinhood through the debit card. You can now transfer funds from Cash App to Robinhood and vice versa.

How to Transfer Funds From Cash App to Robinhood?

Once your Robinhood debit card is linked to your Cash App, you have to bypass the waiting period on deposits to Robinhood. You can transfer money from one account to another instantly, this is because both Robinhood and Cash App use the Sutton Bank.

If you then use the “Add Cash” option, the money will be pulled out of the Robinhood and into your Cash App wallet. If you use the “Cash Out” option the money will be sent from your Cash App balance to Robinhood.

Do you know you can also transfer funds from Venmo to Cash App? Here, Check it out.

How to Link Cash App to Robinhood through Routing Number?

There is another way of linking Cash App to Robinhood. For this, you will need to get the Routing number and Cash App account number. If you know how to get this information you can skip this part, but if you are a new user of Cash App follow these steps to get your Rouning number.

Steps to Get Cash App Routing and Account Number.

1- Launch Cash App

2- Tap on the “Banking” tab

How to Connect Cash App to Robinhood?

3- You will see your Cash App Routing Number and Account Number

How to Connect Cash App to Robinhood?

4- Tap on any of the numbers and a pop menu will appear.

5- Tap on Copy Routing/Account Number to copy it to the clipboard.

How to Connect Cash App to Robinhood?

You can copy these numbers because you will be needing them to connect your Cash App account to Robinhood.

Now let’s see how can you link Cash App to Robinhood using your Cash App routing and account number. Follow these steps.

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Steps to Link Cash App to Robinhood through Routing Number

Step 1- launch Robinhood

Step 2- Tap on the “Account” icon in the bottom right corner of the home screen.

Step 3- Choose “Transfers”

Step 4- Tap on “Linked Accounts”

Step 5- Tap on “Add New Account”

Step 6- Now scroll down and Tap the “More Banks” option at the end.

Step 7- Tap on “I Don’t See My Bank”

Step 8- Choose checking/savings

Step 9- Enter your Cash App Account and Routing Number.

How to Send Money From Robinhood to Cash App?

Once you have linked your Cash App to Robinhood. It is very simple to transfer money from Robinhood to Cash App.

The good thing is that you don’t have to wait for the transactions, as both of the platforms are using Sutton bank. So it is sending money from one account to another within the same bank.

1- Go to Cash App

2- Tap on Add Cash 

3- Enter the Amount that you want to transfer from Robinhood to Cash App.

4- Tap “Pay”

The money will be added to your Cash App balance immediately.

How to Send Money from Cash App to Robinhood?

Again you need to make sure that your accounts are already linked and you have connected your Cash App to your Robinhood debit card. Once that is done, you can send money by

1- Launch Cash App

2- Tap on “Cash Out”

3- Enter the Amount

4- Tap “Pay”

You have now added money to the Robinhood account, that you can use for investing.

Downsides of linking Cash App to Robinhood.

I know it is convenient to buy stocks through Robinhood and if you can link your Cash App account to Robinhood, it makes things even simpler. But things are only simpler if you want to transfer funds from or to Robinhood.

However if you don’t use the bank that is connected to your Robinhood debit card as your primary bank account, you will have to go through adding bank account and debit card process again and again.

If you want to transfer money to Robinhood from Cash App you will have to connect the Robinhood debit card but for other transactions, you will have to reconnect Cash App to your primary card. As you can only connect one bank account or credit card to Cash App at a time.

I Can’t Link Cash App to Robinhood

If you are trying to link your Cash App to Robinhood through account number and routing number, and you can’t link the accounts. It is better to use the debit card method. Because the debit card linking of Cash App to Robinhood is time tested.

That is why I have explained both of the methods so that you can choose whatever suits you.

Cash App Vs. Robinhood

Let’s have brief look at which platform is better for you. As Cash App offers stock trading too. Cash App is a P2P platform that is very popular, it has a lot of great features, and it has become a part of our day-to-day life.

Robinhood is a platform mainly for investing and trading. It is a brokerage platform.

Cash App also provides brokerage services. This is a great in-depth review of both the apps that explain the fee structures and account types plus the charges. You can read it understand the difference.

A simple way to put this comparison is:

  • If you want an all-in-one solution, you should go for Cash App. You can transfer funds, receive paychecks, purchase online, and also invest in stock and crypto. (Only Bitcoin)
  • If you want to have more investment options and keep the fee to an absolute minimum. Just go for Robinhood. And that we know how can we connect and transfer funds from Cash App to Robinhood, things are much better.

Verdict

You can link your Cash App account to Robinhood easily, and use Cash App to transfer funds to Robinhood to buy stocks. It is not simple but it is doable. Once you have transferred the funds you can link any other card to Cash App again.

I hope this article was helpful and provided all the information that you were looking for. Please share your experience with me about trading through Cash App and Robinhood. You can also ask in the comments if you faced any problem linking your Cash App to Robinhood.

Share your thoughts with us because they are very helpful to all the Cash App and Robinhood community.

Cheers…

 

Frequently Asked Questions

 

What bank is Robinhood?

Robinhood and Cash App are both linked you Sutton bank. Therefore linking Robinhood to Cash App is easy and transferring funds is instant.

Can you buy stocks on Cash App and Robinhood?

Yes, it is possible to buy stocks on both Cash App and Robinhood. You can invest in all cryptocurrencies through Robinhood however Cash App only allows you to invest in Bitcoin.

 

 

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