Cash App is a popular mobile payment app that allows you to send and receive money to other people and businesses. You can also use Cash App to buy and sell stocks and bitcoin, get a debit card, and access banking services. But what bank does Cash App use to provide these features? Is Cash App a bank itself? In this article, we will answer these questions and explain how Cash App works with its banking partners.
Is Cash App a Bank?
No, Cash App is not a bank. It is a financial technology app developed by Block, Inc., a financial technology company. Cash App’s main product is a mobile money management platform that you can use to send and receive money to other people and companies. However, C ash App also offers other products and services that require banking support, such as:
- Cash Card: A Visa debit card that you can use to spend your Cash App balance anywhere Visa is accepted.
- Direct Deposit: A feature that allows you to receive your paycheck or other payments directly to your Cash App balance.
- Cash Boost: A program that gives you instant discounts at selected merchants when you use your Cash Card.
- Cash App Investing: A service that lets you buy and sell stocks and bitcoin with your Cash App balance.
To offer these products and services, C ash App works with partner banks that provide the necessary banking infrastructure, such as bank accounts, routing numbers, FDIC insurance, and regulatory compliance. Cash App acts as an intermediary between you and the partner banks, and you interact with Cash App through its app or website.
What Bank Does Cash App Use?
Cash App uses two main banking partners: Sutton Bank and Lincoln Savings Bank. These are FDIC-insured banks that provide banking services for Cash App users. Depending on the product or service you use, Cash App may use different banking partners for different purposes. Here is a breakdown of how Cash App uses its banking partners:
- Sutton Bank: Sutton Bank issues the Cash Card and provides the bank account and routing number for most Cash App products and services. Sutton Bank also passes through the FDIC insurance for your Cash App balance, which means that the federal government promises to protect up to $250,000 of your money in case of bank failure.
- Lincoln Savings Bank: Lincoln Savings Bank provides the bank account and routing number for direct deposit. Lincoln Savings Bank also passes through the FDIC insurance for your Cash App balance when you use direct deposit.
To find out which bank does C ash App use for your specific account, you can check your account and routing number on the app or website. You can also request a direct deposit form that shows the bank name, account number, routing number, and address.
How to Find Your Cash App Bank Information
If you need to find your C ash App bank information, such as your bank name, account number, routing number, or address, you can follow these steps:
- Launch C ash App on your phone or visit https://cash.app/bank on your browser.
- Tap on the Money tab. It looks like a bank building.
- Next to your Cash Balance, tap on the Account & Routing option.
- The app or website will show you your account and routing number, along with the bank name and address. You can also copy the numbers or request a direct deposit form.
You may need your Cash App bank information for various reasons, such as:
- Setting up direct deposit from your employer or other sources of income.
- Linking your C ash App account to other apps or services that require a bank account, such as PayPal, Venmo, or Wise.
- Transferring money from your C ash App account to another bank account or vice versa.
- Verifying your identity or address for security or legal purposes.
C ash App is a financial technology app that offers various products and services that require banking support, Depending on the product or service you use, C ash App may use different banking partners for different purposes. You can find your C ash App bank information on the app or website, and use it for various reasons, such as setting up direct deposit, linking your C ash App account to other apps or services, transferring money, or verifying your identity or address.