$999,999 custom sell order now available. Previously $99,999 was the highest users could enter. Why would Cash app do that? Obviously they have inside knowledge that the MOASS is inevitable.
I had my doubts about Cash app but a few assuring details have come to my attention, $999,999 custom sell orders is one of them.
Posted Jun 2, 2021, 1:42 AM UTC
Do they still have the $25,000 cash out limit per week?
Yes. My plan is to buy new stocks after the market has settled, switch to Fidelity, then cash out.
I believe I had the option of transferring cash held in my account and shares when I did my transfer from RH to Fidelity
Why downvote? Is that a poor plan? I'm open to suggestions.
Sounds like it's gonna turn into a weekly pension 💎🦍
I started my transfer about two weeks ago...
Took them a week to get my mail ( mail to fidelity )
Took them another week to put in the transfer
It should be done by the 6/4
Haven’t touched my cashapp account since I mailed out the paperwork!
Will see if it is done withbout issues ( I have heard some people having issues and having to resend )
Hope this helps
I had issues when I transferred my shares over to fidelity from Cash but when I reached out to customer service the transfer was a little over 24hrs once acknowledged ( after waiting a few weeks!)
You did it through the regular mail....? 🤔
Genuinely curious as to why?
Fidelity forced me too
Jesus they are such an old person company lol.
But. They are solid. Literally just finished setting up my transfer from TDA to Fidelity a few minutes ago. Glad I did it after voting. My ADD ass would have fucked that up through the mail.
I was also questioning cashapp especially when they glitched and froze the same day that Reddit went down for a bit. Therefor I transferred out.
Also you can’t trade more than 3 times in a 5 day period along with no after hours trading, you never know when you are going to want to sell or buy. After hours are important.
It’s always been 999,999.
it hasn't
For me it has, since the beginning of April.
That is still such a lowball, tell them to try harder
This is the way
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I transferred all my Cashapp to Fidelity because I was questionable too about them.
Fyi.. no need. They hold a ton of money and none of their stocks are on margin. They actually seem to be running a legit business over there much to my surprise.
People have reported funds disappearing on cash app. Definitely not recommended for any large amounts of $.
Source?
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U sound pretty sure about it, any links to DD on them?
No just know that my roommate uses them for his couple of shares and that all their accounts are cash accounts. Cash accounts can't be lended and are federally protected.
I dont have enough karma to post to your comment but I transfered my x cash app shares to fidelity 2 weeks ago. My cost basis per share is now blank and my transfer receipt on fidelity states that my x shares from cashapp were on margin
Comment by u/Haan_job_solo
The main problem with cashapp is withdrawl. Im pretty sure with a fully verified account you may only withdraw 7 grand a week or 1428.5 weeks per share.
You may withdrawl one shares worth of money every 27 years.
How long was the transfer? I got scared away by "20 business days after receiving paperwork".
My transfer to fidelity was estimated 2 weeks and took 2 days.
I'm on TDA and feel like they are probably ok... But still probably should transfer to Fidelity or Vanguard...
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