Softwr

Personal Finance · head to head

Cash App vs Wealthfront

Cash App logo

Cash App

Personal Finance

Money sent in seconds

From
Free
Rated
-
Full reviewWebsite
Wealthfront logo

Wealthfront

Personal Finance

Automated investing for your money

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Cash App has a free tier, so it costs nothing to try first.
  • Each has a real cost: Cash App the App Store listing states free ATM withdrawals and up to 200 dollars in free overdraft coverage on the Cash App Card are only available once a user qualifies for Green status, not to all users by default.; Wealthfront the Automated Investing Account carries a 0.25% annual advisory fee on top of the underlying fund expenses
  • They diverge on capability: Cash App covers Money transfers, Wealthfront covers Automated portfolio management.

Where they differ

Only the attributes on which Cash App and Wealthfront actually diverge.

Attributes where Cash App and Wealthfront differ
AttributeCash AppWealthfront
Starting priceFreeOn request
Pricing modelfreetransaction
Free tierYesNo
PlatformsIOS, AndroidWeb, IOS, Android
Founded20132011

Identical on both: user rating (Not yet rated), category (Personal Finance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Cash App

  • Money transfers
  • Direct deposit
  • Bitcoin trading
  • Stock investing
  • Cash Card

Only in Wealthfront

  • Automated portfolio management
  • Tax-loss harvesting
  • Financial planning
  • Index fund investing
  • Investment accounts
  • Web support

Both cover

  • Bank accounts
  • IOS support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Cash App

  • Budget Managementnot Wealthfront
  • Expense Trackingnot Wealthfront
  • Investment Trackingnot Wealthfront

Wealthfront

  • Automated index fund investing with periodic rebalancingnot Cash App
  • Tax loss harvesting in a taxable brokerage accountnot Cash App
  • Buying fractional shares of individual stocks with no commissionnot Cash App

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Cash App

  • The App Store listing states free ATM withdrawals and up to 200 dollars in free overdraft coverage on the Cash App Card are only available once a user qualifies for Green status, not to all users by default.

Wealthfront

  • The Automated Investing Account carries a 0.25% annual advisory fee on top of the underlying fund expenses
  • Tax-Loss Harvesting and automated rebalancing apply to the Automated Investing Account, not the self-directed Stock Investing Account
  • It is a US brokerage product and is not offered to investors outside the United States

Pricing, plan by plan

Cash App

Free
  • FreeFree
    • Money transfers
    • Direct deposit
    • Mobile app
  • Cash App Investing$undefined/month
    • Stock trading
    • Bitcoin trading

Wealthfront

On request
  • BasicFree
    • Automated investing
    • Tax-loss harvesting
    • Rebalancing
  • Premium Plus$50/month
    • All Basic features
    • Financial planning
    • Human advisor access

Which should you pick?

Choose Cash App if

  • You need money transfers.
  • You want to start without paying.
  • You work on IOS, Android.
  • You also want direct deposit.
Cash App review

Choose Wealthfront if

  • You need automated portfolio management.
  • You work on Web, IOS, Android.
  • You also want tax-loss harvesting.
Wealthfront review

Questions people ask

Is Cash App or Wealthfront better?
Neither clearly leads. Cash App starts at Free and Wealthfront at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Cash App or Wealthfront?
Cash App has a free tier; the other does not. Paid plans start at Free for Cash App and On request for Wealthfront.
Does Cash App or Wealthfront run on more platforms?
Cash App runs on IOS, Android. Wealthfront runs on Web, IOS, Android.
Can I use Cash App for free?
Yes. Cash App has a free tier, so you can try it without paying. Wealthfront starts at On request.
What is Cash App best used for?
Cash App is most often used for budget management, expense tracking, investment tracking. Of those, budget management and expense tracking are not what Wealthfront is typically brought in for.
What can Cash App do that Wealthfront cannot?
Cash App covers Money transfers, Direct deposit, Bitcoin trading, Stock investing. Wealthfront covers Automated portfolio management, Tax-loss harvesting, Financial planning, Index fund investing. Both handle Bank accounts, IOS support, Android support.
ShareXLinkedInRedditWhatsAppEmail

Related pages

More on Cash App

More on Wealthfront

Keep looking

Other head to heads