Updated on August 14, 2022
We have talked so much about how convenient Cash App money transfers are but did you know that you can’t do it without first finding out about Sutton Bank Cash App routing number?
Interesting Topic – instant transfer method with routing & account number
Why Is Sutton Bank Cash App Routing Number Important?
Now that you know where to fund the Cash App routing number, you might be wondering why this combination of digits is so important.
Well, it is obvious that users need to know their routing and account number when sending and receiving funds from other accounts.
You can conveniently avoid writing checks or physically visiting a bank but you would first need to have all the information about how money transfers via Cash App work.
Most of you would know how routing number and account number are necessary when making a purchase online or transferring funds through your bank account.
This is because they help the authorities identify where your account exists and validate it before the money transfer could be processed. Two most important jobs for a routing number are:
However, accessing most of these features require that you get to know about your Cash App account routing number.
1. Allows Quick Transfer of Money
When you are using the routing numbers to make direct transfers via Cash App, it might help you get finished with the transaction quickly. In fact, money can be exchanged instantly in some cases whereas other transfers may take up to 3 days.
2. Makes It Easy To Recharge Debit Card
Routing number is also a pre-requisite when loading money on to Cash App. You would need to provide the account number from where you are transferring the money as well as the routing/account number for your app account.
Attention! If you are suspicious about your Cash App PIN being leaked then hurry to change it as soon as possible. You can do so by tapping on the account icon and clicking on Privacy and Security. Then tap on Change Cash App PIN and provide finger verification before you can enter the new PIN. You will receive a text or email to confirm that the task is complete.
Alternative to this, you can simply request a family member or a friend to send you the funds but that would also require them to enter the correct information for your Cash App account.
Where To Look For Sutton Bank Cash App Routing Number
Some users might be under the impression that routing/account numbers are only utilized by Big Banks like Bank of America or Express. Not true!
These numbers are used to specify a region and an account for a specific financial institution.
Since Cash App works much like an online bank or credit union, it only makes sense that it should also use a reliable routing and account number system with its customers.
If you are having trouble finding out where your Cash App routing number is writer, we are here to help! Just grab your smartphone or laptop and follow the instructions below.
- Using your smart device, login your Cash App account and then click on $ symbol. This would be present at the left corner of the screen and would take you to My Cash section.
- Then you have to tap on Cash button and choose Direct Deposits from the options below.
- Since you are not aware of your routing/account number, you now have to click on “Get Routing Number”.
- Once the account information pops up on the screen, select Copy Account Details and then choose Copy Routing Number in the next step.
Now you have the data you need and you can send it to the other person who needs to make direct deposits to your account.
What To Do with The Routing Number Once You Have It?
Each routing number is specific to a Cash App account.
As you would know, you cannot create more than one account with the same phone number or email ID. However, you can register the new account to another phone number or email address.
The main aim of getting the routing number is to be able to transfer funds between different accounts. The procedure is quite simple. Here’s what you need to do:
- First of all, open the Cash App account and login by providing your credentials.
- Once you are in, provide the amount of money that you wish to transfer.
- Then tap on Pay and mention the information of the other account to which the funds will be sent.
Cash App may also inquire why you are sending the funds. However, you can simply state the reason as private as there is no need to explain in detail. Finally, tap on Pay and the funds will be sent to the recipient account.
Cash App – Pros vs Cons
Sutton Bank launched Cash App as an effective platform for the public to effortlessly and quickly exchange funds. It has a plethora of services, including direct deposits, online money management, ATM withdrawals, and much more.
Something extraordinary must be going on for an app that has successfully attracted millions of users in such a short period of time!
There are various advantages to using Cash App and Cash App card. As a result, we’ll go over some of the most important benefits here to give you a sense of the benefits and drawbacks of being a Cash App customer.
Fees with the fewest digits
We were drawn in by the notion that it does not charge a fee for any essential function.
This means you can use Cash App to transfer and receive funds from other accounts without paying additional costs.
ATM withdrawals are free.
There is also a way to earn free ATM withdrawals. This would need you establishing direct deposits in your account, and hurrah! You will not be charged $2 every time you withdraw money from your Cash App account at an ATM. Isn’t that fantastic?
Cash App Debit Card
Cash App also offers an outstanding debit card that works in the same way as a standard bank card. It enables you to make online and in-store purchases, pay at restaurants and supermarkets, and withdraw cash from ATMs.
Attention! Cash App has recently launched features that allow users to invest in the stock market and in bitcoins. As a result, you can generate more money by utilising the assets in your account properly!
So, What’s The Downside of Using Cash App?
Obviously, the app is not without its flaws and shortcomings. However, the real question is whether its advantages can out-weight the cons or not. Take a look at them and you can decide for yourself.
First of all, Sutton does not hold the money you put in your Cash App account. This means that, although Sutton Bank is FDIC-insured, your money will not be.
In cash the app collapses in the future, there is no way to get your money back and this is a huge concern for people who are holding large sum of money in their accounts.
Cash Transfer Limit
Cash App has a restriction on the amount of money that you can transfer or receive.
Each user is only allowed to have a maximum of $7000 transaction in a day via Cash App debit card and up to $10,000 per week.
Similarly, the limits apply on ATM withdrawals as well. You can take out $1000 per week which is quite a small amount as compared to some other competitive services.
Extra Hidden Charges
Lastly, some fees that the app has introduced annoying. For example, you will have to pay 3% charges if you reload your Cash App card using a credit card. However, if you transfer the money first to a linked bank and then to Cash App, there are no charges.
So far, we’ve discussed Cash App and its routing number. You now know where to look for the digits and why this number is significant.
Cash App is without a doubt one of the most trusted online money transfer apps for transferring and receiving money. However, before you begin, you must acquire all of the relevant information. This includes both the Cash App routing number and the account number, which we believe you can readily discover.
If you have any questions or suggestions, please leave them in the comments section below.
Stay in touch!