Cash App now supports direct deposits it means that now users can get money directly in their account. So, if you do have a bank account in a mainstream bank then you can also use the direct deposit on Cash App. This is free to use the service. If you have a Cash App account you need to only share the account or routing number with your employer to get the direct deposits. And once the pay-checks hit your account, and it can automatically be used as a normal Cash app balance. In simple words, it means you can send it to a friend, spend it using a debit card, buy bitcoin, or withdraw to another account.
The direct deposit on Cash App is proving to be very significant in providing access to banking services to people living in under-banked communities. There are a large number of people who do not have access to traditional banking accounts so Cash App through direct deposit is allowing them to access banking services.
Moreover, amid the COVID-19 pandemic, the Cash App direct deposit unemployment packages were given to the citizens in the United States. The Lincoln Saving bank is in partnership with the Cash App and it is authorized to give customers the routing number and a new account number to use for the direct deposits.
How do I enable direct deposit on my Cash App account?
To enable the direct deposit on the Cash App account you need to get a Cash App card. Apart from this you should be above 18 years old and have a verified Cash App account to proceed with setting-up direct deposit:
· Step 1. Install the Cash App on your mobile device and login into your account
· Step 2. Select the Balance tab on the right side of the screen it is indicated by the $ symbol
· Step 3. Here you need to scroll down, at the bottom you will see the option to “Get Direct Deposit”