Millions of users are using the Cash app to send and receive money digitally. Not only that, the app also allows users to invest in stock markets and cryptocurrency. Users can also deposit money from their accounts using the Cash Card. But have you ever wondered what bank is Cash app and how is it able to transfer your money so swiftly? Check out our guide to get the answers to your questions.
Is Cash App a Bank?
Well, the Cash app is not a bank although it functions like one. It is a fintech app which was developed by Block, Inc. However, you might be wondering how is the app able to provide you with a bank account, account number, routing number, savings account, and the money you add being FDIC insured, and much more. The reason behind this is that Cash App is linked with two banks to provide services to its users. The names of the two banks are Lincoln Savings Bank and Sutton Bank respectively. The Lincoln Savings Bank takes care of the direct deposits while the Sutton Bank provides prepaid cards to the app.
How to Find Your Bank Information
If you want to put up direct deposits, set up a recurring bill or are just curious and want to know the bank your account is situated in. It is pretty simple to find your bank name in the Cash app. Here’s how to find it.
- Open the Cash App on your device.
- Then, click on the Dollar option or Bank icon located at the bottom left corner of the screen.
- The Routing and Account numbers will be displayed on the screen.
- Tap on either the Routing or Account number.
- You will have the bank name written below the numbers.
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That’s everything covered on what bank is cash app. If your Cash App is not working then you can check out our guide on How to fix Cash App Not Working only on TechnClub.