How to Delete Cash App Account (Quickly Explained)

how to delete cash app account

Although Cash App has tens of millions of users, not everyone is happy with this app. In fact, scammers are plaguing the payment platform and the customer service is unresponsive at best.

So, if you’re looking to delete your Cash App account, you’ve come to the right place. Here’s the short answer:

To delete your Cash App account, transfer all your money, stocks, and Bitcoin out of the app. After that, hit the profile icon, tap “Support” > “Something Else” > “Account Settings” > “Close my Cash App Account” > “Confirm”. Lastly, uninstall the app. 

Keep on reading to find out another way of closing your Cash App account, as well as how to download all your statements and transaction history. 

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We’ll also be covering why people are fleeing the platform and what are some of the alternatives. 

How to Delete Cash App Account

We have already shown you a direct way of deleting your Cash App account. However, you can also forever delete your account and personal information by contacting the Cash App support:

  1. Tap the profile icon
  2. Choose “Support”
  3. Select “Something Else”
  4. Tap “Account Settings”
  5. Tap on “Delete Your Personal Information”
  6. Tap on “Contact Support”

Here you can ask customer support to erase all your personal data, including your Cash App account. 

In order to be able to close or delete your Cash App account, you’ll have to transfer the money off of Cash App. You’ll also need to transfer any stocks or Bitcoin that you own. 

READ ALSO: Chime Vs. Discover Digital Bank (A Complete Comparison)

How to Cash Out 

Cashing out money from your Cash App to your bank account is easy. Here’s how to do it, in case you haven’t done it before:

  1. Tap the Balance tab on the home screen
  2. Tap “Cash Out”
  3. Choose an amount and tap “Cash Out”
  4. Select a transfer speed
  5. Confirm with your PIN or Touch ID

To transfer the funds to someone else:

  1. Open Cash App
  2. Enter the amount
  3. Tap “Pay”
  4. Enter $Cashtag, email address, or a phone number 
  5. Type in what the payment is for
  6. Tap “Pay”

How to Sell Stocks

As we already mentioned, you have to “get rid” of all your Cash App assets. For that reason, you’ll need to sell or transfer your stocks as well by:

  1. Tapping the Investing tab on your Cash App home screen
  2. Scrolling down to “Stocks Owned”
  3. Selecting the company whose stock you want to sell
  4. Tapping “Sell”
  5. Choosing a preset amount or tapping “…” to enter a custom amount
  6. Confirm with your PIN or Touch ID

The amount will be automatically deposited into your Cash App balance. The process may take up to 2 business days.

It’s important to note that selling stocks or Bitcoin may have tax implications, i.e., you might be liable for paying income tax. Always check with an accountant before doing so. 

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How to Transfer Stocks to Another Broker

Alternatively, you can transfer all or some of your stocks to an external broker. There will be a hefty $75 fee charged for all completed outbound stock transfers.

Cash App can only transfer whole shares. Any fractional shares you own, you’ll have to sell before deleting the Cash App account. 

To transfer your whole stocks, follow the instructions that the receiving broker provided to you as they are the ones initiating the account transfer with Cash App’s broker, DriveWealth, LLC.

If the transfer form asks for a “DTC” participant number, the DTC number for this ACATS transaction is 3856.

If you need your Cash App Investing account number to complete the form, find it on any trade confirmation or monthly statement.

You can find a trade confirmation if you:

  1. Tap the Activity tab 
  2. Choose a trade or tap the search bar
  3. Select a purchase or sale
  4. Tap “…”
  5. Tap “Trade Confirmation”

There’s more information about stock transfers on Cash App’s website

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How to Withdraw Bitcoin

You don’t have to sell your Bitcoin if you don’t want to. You can also withdraw it from your Cash App to a third-party Bitcoin wallet. To withdraw Bitcoin:

  1. Toggle to BTC by tapping “USD”
  2. Select Bitcoin
  3. Enter the amount of Bitcoin you want to withdraw
  4. Access the QR code scanner or tap “Send” to enter external wallet address
  5. Tap on the wallet address to confirm
  6. Tap “Next”
  7. Select the withdrawal speed
  8. Tap “Confirm & Send” to begin the Bitcoin withdrawal

We’ll note that if this is your first time withdrawing Bitcoin, you may or may not need to enter additional personal details before you’re allowed to make a withdrawal.

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Why Aren’t Some Cash App Users Happy With The Service?

why aren't some cash app users have with the service

As you can see on this Trustpilot screenshot, there are many bad reviews for Cash App. Mind you, there are tens of millions of Cash App users. So, three thousand, or so, bad reviews aren’t that many, though. 

However, not every disgruntled user will be reviewing Cash App on Trustpilot. I’m sure there are many others.

What bothers the most people seems to be customer support or the lack of it. This is a major pain point for many digital banks that grew too quickly and don’t hire enough customer services agents.

On the other side, reading through these negative reviews, it’s obvious that many people’s issues stem from not knowing how the platform works. 

Because Cash App payments are final and usually can’t be canceled, you should be VERY careful to type in the correct recipient information as well as make sure the person on the other side is known to you and not a scammer.  

All financial institutions also have to abide by the anti-money laundering and anti-terrorism laws and that can make life difficult for some users as it can extend their money sending and receiving duration. 

Can You Delete Your Personal Information From Cash App?

You might not be ready to completely close your Cash App account yet. In that case, you can access and delete your personal details. 

To access and download a copy of your individual information:

  1. Sign in to your account at Cash.app/account (on a web browser)
  2. Click “Settings”
  3. Click “Download Your Info”
  4. Click on “Activity” to see your complete payment history
  5. Click on “Statements”
  6. Click “Export” to download your transaction history

To delete your information, contact the Cash App support by choosing “Delete Your Personal Information” in the Account Settings and tapping on “Contact Support”.

READ NEXT: 22 Side Hustles for College Students (Start Making Money)

Cash App Alternative

If you’re considering closing your Cash App account, there are many great alternatives out there. However, we have one that we can wholeheartedly recommend to you.

Current

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I’m sure you’ve heard of Current. It’s a popular digital bank that is still somewhat in the shadow of Cash App, Chime, SoFi, MoneyLion, Varo, and others

However, Current offers many benefits to its users and is actually a useful digital bank account that has almost no fees, no minimum balance, instant and free transfers, overdraft with no fees, savings account, budgeting features, early access to direct deposit, annoying gas station authorizations immediately credited, and more.

To sign up, all you need is SSN and an address. After that, you’ll get a debit card that will earn you cash back at 14,000+ merchants and access to over 40,000 fee-free ATMs. 

What Current isn’t good at is international spending and ATM withdrawals. If you’re traveling abroad a lot or doing many international transactions, we can recommend you Wise. Wise is the top choice for both personal and business international bank transfers.

Conclusion

The summarize, we showed you how to close and delete your Cash App account, as well as how to cash out all your money, stocks, and Bitcoin beforehand. 

Cash App certainly isn’t our top choice, but it’s extremely popular and it’s only natural that many users will be disgruntled with its service.

If there’s something that the company should work on, it’s certainly the customer service and trying to tackle all the scammers that are using the app. 

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Current: The Future of Banking

As a Current mobile banking app affiliate, I earn from qualifying purchases.
topmobilebanks logo

Current: The Future of Banking

As a Current mobile banking app affiliate, I earn from qualifying purchases.