What Bank Does Cash App Use?

Apps used to deposit cash and pay anyone instantly, electronically, or using a cash card are becoming the norm today, and Cash App is one of them. With Cash App, you can send, receive, and invest money using your mobile phone. It takes only seconds, but what everyone wants to know is – what bank is Cash App, how does your money transfer, and how do you access it?

Is Cash App a Bank?

As an app that is all about finances, you may be wondering if Cash App is an actual bank. After all, you deposit money, get a cash card, and can even set up direct deposit, receiving funds up to two days early. So you’d think it was a bank, right?

Well, Cash App is not a bank, instead, it is a fintech app, aka a financial platform that provides banking services by partnering with FDIC-insured banks.

Cash App provides the technology, while the partner banks provide the banking services. So let’s dive into the question, what bank does Cash App use?

What Bank Does Cash App Use?

Cash App is actually partnered with two banks, Lincoln Savings, and Sutton Bank.

The banks share processes on the app, providing users with prepaid cards, direct deposits, and FDIC-insured deposits on prepaid cards. Unfortunately, Cash App isn’t transparent about which banks offer each service, and they can change anytime.

Lincoln Savings Bank

Lincoln Savings Bank has existed since 1902 and is a full-service bank. Lincoln Savings Bank provides Cash App with many banking features, such as prepaid debit cards and direct deposit; however, recently, they’ve mentioned Sutton Bank as the direct deposit bank.

Sutton Bank

Sutton Bank has existed since 1878 and is an online and in-person bank, but it has fewer branches than Lincoln Savings. Sutton Bank currently provides prepaid cards and direct deposit for Cash App.

Locating Your Cash App Bank

You rarely need your Cash App bank’s information since everything goes through the app, and the banks work behind the scenes.

However, if you want to set up direct deposit, send e-checks, or set up a recurring bill, you may need to know your bank’s information.

To do this, log into the Cash App and click on the Banking tab. In that tab, you’ll find the bank’s routing and account numbers, which you need to set up any deposits or payments.

Setting up Direct Deposit

To set up direct deposit to your Cash App account, you’ll need the bank’s name, address, routing number, and account number. You’ll also need your Cash App account number.

Before setting up direct deposit, confirm which bank you are to use in the Cash App. Since they are a fintech app, the partner banks change often. In fact, on their website, they only name ‘partner banks,’ they don’t specifically name them, which leads us to believe they change more frequently than we know.

Using Cash App Without a Bank Account

You don’t need a bank account to use Cash App. You are free to connect one if you want, but it’s not a requirement to use the app.

With a Cash Card

If you want to use Cash App with your Cash Card, you use it anywhere Visa is accepted. You swipe or insert the card like normal, and the transaction completes cashless. However, unlike a credit card, the funds come directly from your Cash App balance. As a result, you don’t have a bill to pay, nor will you pay interest.

You can also select ‘cash back’ at certain retailers and get back more than the purchase amount if your balance is high enough.

Remember that if your transaction exceeds your Cash App balance, your transaction won’t go through.

Without a Cash Card

If you don’t have a Cash Card and want to access cash in your account, you must electronically transfer funds to another Cash App user with a Cash Card and can withdraw the funds. This is a confusing way to get your cash, and you should only use it with someone you trust.

The best option is to link your bank account to the Cash App and transfer the funds to yourself when you need the cash.

Financial Security

Understanding any fintech’s security before trusting them with your finances is essential, especially if you set up direct deposit or conduct other important financial transactions.

Cash App uses encryption technology like other P2P platforms like PayPal and Venmo. However, there’s one major issue.

If you choose not to have a Cash App card, your funds are not FDIC-insured. The only way to insure them is to have a Cash App card from one of their partner banks; otherwise, your money is at risk.

Also, Cash App doesn’t provide fraud protection. If someone gets into your account, you won’t get the funds back, and if you use Cash App investing, your funds aren’t FDIC-insured, but that’s not unusual.


Knowing what banks Cash App uses is essential since you’ll deposit your funds with them. Here are other questions people have about Cash App.

Is a Bank Account Required When Using Cash App?

You don’t need a bank account when using Cash App, but not having one makes things more difficult. The only way to access cash is with your Cash Card. You can’t transfer funds to yourself if you don’t have a linked bank account, so it’s best to link a bank account.

Is Cash App Free to Use?

For the most part, Cash App is free. You can download the app and create an account for free. You can deposit cash and send/receive money from other Cash App users. You will, however, pay fees if you want an instant transfer (within minutes) versus waiting a few days for your funds.

You’ll also pay fees for ATM withdrawals and Bitcoin investments.

Are There Transfer Limits With Cash App?

Cash App has some rather strict limits, especially if you’re unverified. To verify your account, you must provide your full name, the last four of your Social Security number, and date of birth. You must also provide your driver’s license.

If you’re unverified, you can send up to $250 in 7 days and receive up to $1,000 in 30 days.

The limits increase drastically when you’re verified. After that, you can send up to $7,500 in 30 days, and there’s no limit to inbound transfers.

Is Cash App FDIC-Insured?

Cash App is only FDIC-insured by its partner banks. So you must have a Cash App card to have your funds insured. Any funds sitting in Cash App itself are not FDIC-insured.

What Bank Does Cash App Use for Plaid Users?

Cash App uses Lincoln Bank for Plaid users for now, but that can change anytime.

The Bottom Line

Cash App isn’t a bank but works with a few banks to provide bank-level services on the app. You can instantly transfer money to other Cash App users or spend money on your Cash App card like any other Visa debit card.

Like any banking decision, use caution, don’t share your credentials, and watch for the banking information Cash App uses to change so you always know where your money is located.