Cash App provides most users with a routing number, which can faciliate the transfer of funds between banks in the USA. The routing number can be found directly in the application by navigating to the ‘Money’ tab.
Cash App’s two routing numbers are as follows:
- 041215663 (Sutton Bank)
- 073923033 (Lincoln Savings Bank)
Cash App has rapidly become one of the most-used FinTech applications in the world since it first launched in 2013. Originally restricted to users in the US, Cash App has expanded its operations and is now available to users in the UK as well.
The platform forms partnerships with financial institutions to enable key services such as processing peer-to-peer payments. For users in the US, a routing number is often essential to processing bank transfers — but it’s not always clear exactly where your account details can be found.
This article will offer a step-by-step guide for how to find your Cash App routing number, as well as other key account details that are kept alongside it. Some extra information about Cash App and its parent company, Block Inc (SQ) will also be discussed.
Key highlights:
- The total number of people who use Cash App has grown by 1,833% in the past 7 years.
- Cash App forms partnerships with financial institutions, such as Sutton Bank and Lincoln Savings Bank in the US, to offer online banking services to its users.
- Users will receive a routing number after registering for the Cash App cash card.
- The specific routing number that a user is given will depend on their geographical location.
What is Cash App?
Cash App is a mobile payment service developed by Block Inc (SQ). It allows users to send and receive money both quickly and easily using a mobile device. The platform works in unison with two traditional banks — Sutton Bank and Lincoln Savings Bank, which respectively enable Cash App to offer a cash card and direct deposits.
The platform offers a host of financial services that make it a popular FinTech solution for a growing number of people. While Cash App is currently restricted to users outside of the US or the UK, the total number of people using the app has grown from 3 million in 2016 to 55 million in 2023 — a 1,833% rate of growth since in the past 7 years.
| Year | Number of users |
|---|---|
| 2016 | 3m |
| 2017 | 7m |
| 2018 | 15m |
| 2019 | 24m |
| 2020 | 36m |
| 2021 | 44m |
| 2022 | 51m |
| 2023 | 55m |
Sources: Business Insider, The Motley Fool, The Motley Fool
Does Cash App have a routing number?
Most Cash App users will have a routing number ascribed to their account. A routing number is used by online banking systems to identify the correct destination of funds that are being sent.
Since Cash App has a working partnership with two banks, it typically uses the routing number of either Sutton Bank or Lincoln Savings Bank to process online banking payments. The routing number that a user sees will depend on which US state they live in.
Cash App’s two routing numbers are as follows:
- 041215663 (Sutton Bank)
- 073923033 (Lincoln Savings Bank)
How to find your Cash App routing number
Users can locate their Cash App routing number in a few simple steps. Once logged into the application, simply head over to the Money tab. You can find the account information here. Here’s a detailed breakdown for how you can find your Cash App routing number:
- Select the ‘Money’ option from the Cash App homescreen. If you’re in the right place, you should be able to see your account balances in this section.
- On this page, there is an option to select Routing Number. This will show you the key information for your account.
- Simply copy your Routing Number from this page, and paste it wherever you need.
Why can’t I see my routing number?
Some users may have trouble locating their Cash App routing number. This is because Cash App does not ascribe a routing number to every user by default.
The routing number works in conjunction with Cash App’s cash card. As a result, if a user has not registered to receive a cash card, then they may not be able to see their routing number in the application.
The Cash App cash card is completely free of charge. Cash App users can acquire one simply by opting in to the feature. It is automatically linked to your account balance, and works in the same way as other Visa debit cards.
About Block Inc (SQ)
Block Inc (SQ) is an American company was founded in 2009 by Jack Dorsey and Jim McKelvey. Initially known as Square Inc, Block has launched a variety of FinTech initiatives including several hardware and software solutions for payment processing.
Among the services offered by Block Inc are point-of-sale hardware that uses near-field communication (NFC) to instantly take card payments without the need to enter a pin. Block Inc also launched Cash App in 2013 which has since become its most valuable FinTech service. Cash App produced $10.6 billion revenue in 2022, which equated to 61% of Block Inc’s total revenue for that year.
SQ stock price movements
SQ stock skyrocketed during the tech bubble of 2021. After dropping to $32.33 in March 2020 (during the market-wide crash caused by the COVID-19 pandemic), SQ soared than +768% over the following 16 months to reach its all-time high of $289.23 in July 2021.
Since reaching its all-time high, SQ has suffered a significant drop and it now finds itself close to its pre-2021 price levels.
SQ earnings
Block Inc. enjoyed a marked increase to its total annual revenue following the launch of Cash App in 2013. In 2012, the company generated $203.45 million. By 2021, its annual revenue had swelled to $17.66 billion. This equals an 86x increase in revenue over the course of 10 years.
Despite its rapid growth and profitability, SQ has underperformed Wall Street’s expectations in recent earnings reports. 9 out of the company’s previous 11 quarterly earnings reports have underperformed projections — not cause for concern, but a contributing factor to SQ’s lack of buoyancy in terms of recent stock price movements.
Block Inc. earnings between February 2021 and February 2024.
The bottom line
Cash App is a popular mobile payment application that contains several stand-out features. Its rapid rate of growth is testament to the platform’s ease of access and highly convenient peer-to-peer payment capabilities.
For all intents and purposes, Cash App works in a similar way to traditional mobile banking. Users are given a routing number and other account details that can allow them to send and receive bank transfers — locating the Cash App routing number is simple, but users should be aware that they will need to have opted in to the cash card in order to find it.
If you’re looking for more guides related to Cash App, make sure to check out our article explaining how to delete a Cash App account.
Source: https://coincodex.com/article/38071/cash-app-routing-number/