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What Bank Does Cash App Use? (Even for Direct Deposits)

Cash App partners with a couple of banks to offer banking services. Here's a list of banks that Cash App uses.
what bank does cash app use

Cash App is a lot of things: a payment service, a loan app, and a stock exchange, but it is definitely not a bank. Perhaps, Cash App's banking features might make us think it is a bank, but it isn't, and these "banking services" are powered by its partner banks.

If you want to know what banks Cash App uses for its banking services, you've come to the right place, as I've mentioned the two main banks that the payment giant uses.

What Bank Does Cash App Use?

Cash App relies on two main banking partners to handle different aspects of its operations:

1. Lincoln Savings Bank

This FDIC-insured bank serves as the backbone for Cash App's direct deposit feature. When you set up direct deposit, your paycheck or other income is routed to your unique account and routing number issued by Lincoln Savings Bank. This allows you to access your funds faster and seamlessly within the Cash App platform.

2. Sutton Bank

This bank plays a crucial role in facilitating debit card transactions and money transfers made through Cash App. Your Cash App balance is powered by an FDIC-insured account held at Sutton Bank, allowing you to spend and send money with confidence.

The Cash App debit card, issued by Sutton Bank, also draws from this account, providing you with convenient access to your funds at ATMs and physical stores that have partnered with Cash App.

What Bank Does Cash App Use for Direct Deposit?

As earlier mentioned, Cash App uses Lincoln Savings Bank for direct deposits. The bank issues a unique routing and account number, which is available on your Cash App account. When you set up and start receiving direct deposits, the deposits or paychecks will be redirected to an account at the Lincoln Savings Bank.

What is the Cash App Bank Name and Address?

Cash App partners with two banks to provide banking services to its customers: Lincoln Savings Bank and Sutton Bank. Both banks are FDIC-insured, which means that funds in your Cash App account are secured and protected up to $250,000.

Here are the addresses and details for each bank:

Sutton Bank:

  • Full bank name: Sutton Bank
  • Address: 1 S Main St, Attica, OH 44807
  • Routing number: 041215663
  • Account type: Checking
  • Number of branches: 8
  • Phone: (800) 422-3641
  • Website: Sutton Bank Website

Lincoln Savings Bank:

  • Full bank name: Lincoln Savings Bank
  • Address: 508 Main Street, Reinbeck, IA 50669
  • Routing number: 073905527
  • Account type: Checking
  • Number of branches: 17
  • Phone: (800) 588-7551
  • Website: Lincoln Savings Bank Website

Technically, Cash App doesn't have a singular "bank name and address" since it uses multiple partners for different functions. And while these banks partner with Cash App, they won't be able to assist you in case you are facing an issue with your Cash App account. For this, you'll have to contact Cash App support.

What You Should Know About Cash App's Banking Ecosystem

Cash App doesn't hold a banking license itself as all brick-and-mortar banks do (reason why it is referred to as a financial technology company). Instead, it works more like a bridge between you and its partner banks. This model allows Cash App to offer its services without the regulatory burden of a traditional bank, potentially contributing to its streamlined user experience and competitive fees.

Final Thoughts

Cash App may not be a bank itself, but it's built on a solid foundation of established financial institutions. It partners with two main FDIC-insured banks, Lincoln Savings Bank and Sutton Bank, to offer users a convenient and secure way to manage their funds over the internet through its easy-to-use mobile app.

I believe by now you should know how Cash App individually uses these banks to offer banking services in the app. But there's one thing you should always keep in mind—the physical addresses of these banks aren't Cash App's and the only way to reach out to Cash App is by contacting their support team because they don't operate any physical location.

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About the Author

Hi everyone, I'm Tebid Kelly! Shopping is my passion, and I'm known for scoring the best deals and navigating the online shopping world with ease. With years of experience using various digital payment apps like Apple Pay, Google Pay, Cash A…

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