If you’re a Cash App user who enjoys seamless direct deposits, you might be curious about the bank making it possible. The answer involves a partnership between two banks – let’s explore!
Cash App’s Direct Deposit Partners
Cash App works with two FDIC-insured banks to bring you direct deposit:
- Lincoln Savings Bank: This is the bank that directly handles your incoming deposits. They provide your unique Cash App routing and account numbers, which you’ll share with your employer or payer.
- Sutton Bank: Sutton Bank supports Cash App’s overall financial features, including their debit card (Cash Card) and transactions within the app.
How Direct Deposit Works with Cash App
- Set Up: In your Cash App, locate your routing and account numbers (find them under the “Banking” tab). Give these to your employer or payer.
- Receive Funds: Expect your paycheck or benefits to arrive within 1-3 business days, based on your employer’s payroll schedule (and any bank holidays).
Why Use Cash App for Direct Deposit?
- Convenience: Forget trips to the bank – your money flows straight to your Cash App balance.
- Speed: No waiting on a check, funds often arrive quickly.
- Access: Your balance is instantly ready for transfers, payments, or other Cash App features.
Cash App’s team-up with Lincoln Savings Bank (and their broader partnership with Sutton Bank) gives you a secure and efficient way to handle direct deposits. Now you know where those paycheck funds land!
With its user-friendly interface, fast processing times, and FDIC insurance, Cash App offers a reliable direct deposit solution for individuals seeking a modern and efficient way to manage their finances.