Cash App is one of the most reputed digital payment platforms, known for its highly optimized features. It is one of the most versatile portals that enable users to send and receive funds, buy and sell stocks and much more. Cash App is the top-rated payment portal, which presents the exclusive .
With the , the customers get the freedom to transact funds directly to their balance account, and they can also invest it in a . The Cash App is powered by Lincoln Saving Bank and presents the users with a routing and account number. For , every user must have the routing number and account number.
In 2018, the Cas App launched the fantastic feature of direct deposit, which is ideal for anyone who does not have an account in any mainstream bank. The direct deposit feature is entirely free for all users. Therefore, the users can enjoy paychecks from employers directly into their bank accounts without any additional charges.
Money transaction is convenient and straightforward with the . To conveniently send and receive money through direct deposit, the users first need to activate this feature on the Cash App. At the same time, the users must ensure to have hands-on an for their account. An is one of the mandatory things required to access the direct deposit feature.
Advantages of Direct Deposit on Cash App
Some of the merits of using the direct deposit feature on the Cash App are as follows:-
Setting the is easy and hassle-free. It is one of the most organized and convenient methods to manage and transfer funds to different accounts. It is one of the most convenient and secure options for employers to pay salaries to their employees. An employee can easily monitor the fund transfer in the .
The customers simply need to supply their routing number and account number to their employer account department to start getting . A notification is passed to the employees whenever a transaction is made.
The users can easily withdraw the funds using cash cards. The customers can use their routing number and account number in Cash App to pay their bills using the account balance. Cash App presents an excellent alternative to the users to use its highly optimized functionalities as a fully functional financial institute.
How to Enable Direct Deposit on Cash App?
Users can deposit paychecks, file taxes, and many more using their routing number and account number with Cash App. All the Cash App users must be at least 18 years of age and a citizen of the United States of America to access the direct deposit features.
The users can easily set up direct deposits employing their accounting number and routing number or through a . is not possible with a valid Cash App debit card.
Setup through the Direct Deposit Form
Here are the steps to have hands-on a direct deposit form –
Open the Cash App and click on the Banking tab on the home screen. Hit the Deposits & Transfers option. Now, click on the get direct deposit form. Here, you must fill up the employer’s complete details, the amount to be deposited from each paycheck, and other required details.
Now, select the Email form and tap on send to enter the recipient details. After you have completed the direct deposit form, you can view the form anytime. To view it, you can click on the get direct deposit form option from the banking tab and select the view previous form option.
Setup through Accounting and Routing Numbers?
Here are the steps to set up direct deposit using an accounting number and a routing number:-
Click on the Banking Tab on the Cash App homepage. Now, select the Deposits & Transfer option. Click Copy Details. Supply the routing and account number when you are prompted for bank details during the direct deposit setup procedure. Cash App d