Do you use Cash App? If so, have you ever wondered what bank it uses? Behind the scenes, Cash App is actually powered by two banks: Lincoln Savings Bank and Sutton Bank.
Lincoln Savings Bank is responsible for handling direct deposits and other bank account features, while Sutton Bank is responsible for issuing the Cash App debit card. Both banks are FDIC-insured, so your money is safe with Cash App. In this article, I’ll discuss Cash App’s bank names and addresses and some other information about how Cash App works.
What Is Cash App Bank Name And Address?
Cash App is a mobile payment service developed by Block, Inc. It is not a bank itself, but it does offer some banking features through two FDIC-insured bank partners: Lincoln Savings Bank and Sutton Bank.
Lincoln Savings Bank
Lincoln Savings Bank is the bank that powers direct deposits in the Cash App. It is headquartered in Waterloo, Iowa, and has multiple locations throughout the state. The mailing address for Lincoln Savings Bank is:
- 360 Westfield Ave. Suite 6
- Waterloo, IA 50701
Sutton Bank is the bank that powers the issuance of the Cash App debit card (also called the Cash Card). It is headquartered in Attica, Ohio, and has 9 branch locations in the state. The mailing address for Sutton Bank is:
- 1 S Main St
- Attica, OH 44807
If you need to contact either bank, you can find their contact information on their websites.
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How to Find Your Cash App Bank Name and Address
- Open the Cash App on your mobile device.
- Tap the Banking tab.
- Under Account Details, you will see the name of the bank that Cash App uses for direct deposits and the routing number.
- The address of the bank is also listed below the routing number.
Why Is It Important to Know Your Cash App Bank Name and Routing Number?
- To set up direct deposit
If you want your paycheck or other payments to be deposited directly into your Cash App account, you must provide your bank name and routing number to your employer or other payment source.
- To transfer money between Cash App and your bank account
You can use your bank name and routing number to transfer money between your Cash App and bank accounts. This is a convenient way to add money to your Cash App balance or withdraw money from your account.
- To verify your identity
When you sign up for Cash App, you may be asked to verify your identity. This may involve providing your bank name and routing number.
- To troubleshoot problems
If you have any problems with your Cash App account, you may need to provide your bank name and routing number to customer support.
How to Use Your Cash App Bank Name and Routing Number
- Set up direct deposit
You can use your Cash App bank name and routing number to set up direct deposit from your employer or other source. This will allow your paychecks or other payments to be deposited directly into your Cash App account.
- Link your Cash App account to a bank account
You can link your Cash App account to a bank account to transfer money between the two accounts. This can be useful if you want to deposit money into your Cash App account from your bank account or if you want to withdraw money from your Cash App account and deposit it into your bank account.
- Make payments
You can use your Cash App bank name and routing number to make payments to businesses or individuals. This can be done through the Cash App app or website.
To make payments to businesses or individuals using your Cash App bank name and routing number, you can follow these steps:
- Open the Cash App app or website.
- Tap the “Pay” button.
- Enter the recipient’s name or $Cashtag.
- Enter the amount you want to send.
- Tap the “Use Bank Account” button.
- Enter your Cash App bank name and routing number.
- Tap the “Pay” button.
Read Also: Can I Use Cashapp For Direct Deposit
- Receive payments
You can also use your Cash App bank name and routing number to receive payments from businesses or individuals. This can be done through the Cash App app or website.
To receive payments through Cash App, you can do the following:
- Open the Cash App app or go to the Cash App website.
- Tap the “Banking” tab.
- Under “Account and routing number,” tap the “Copy” button to copy your account and routing number.
- Provide your Cash App account and routing number to the business or individual sending you the payment.
- The payment will be deposited into your Cash App balance within 1-3 business days.
- Order a Cash Card
You can use your Cash App bank name and routing number to order a Cash Card. This is a physical debit card linked to your Cash App account. You can use the Cash Card to make purchases in stores or online.
Frequently Asked Questions
Can I Use Cash App With a Different Bank Account?
Yes, you can use Cash App with a different bank account. The app lets you link multiple bank accounts for easy transfers and payments. To link a different bank account, go to the “Banking” tab in the app and select “Add a Bank Account.” Follow the prompts to enter the necessary information and link your new account.
Is Cash App Affiliated With Sutton Bank?
Yes, Cash App is affiliated with Sutton Bank. Sutton Bank is the bank that issues Cash App’s debit card. When you sign up for Cash App, you are also signing up for a Sutton Bank account. However, it’s important to note that Cash App is not a bank itself. It partners with various banks, including Sutton Bank, to facilitate customer transactions.
Cash App lets users send and receive money quickly and easily. While it does not have a traditional bank name or address, it is affiliated with Lincoln Savings Bank, which provides the necessary banking services to ensure the security and reliability of the app. Understanding the basics of Cash App’s banking structure can help users make informed decisions about their finances and feel confident in using the app for their transactions.