Are you thinking of making a direct deposit to your Cash App account anytime soon?
Read on to find out more about this great feature by Square Cash including whether or not they have a Cash App direct deposit limit in place.
One benefit associated with Cash App is the number of great features they have in place for their users. One such feature that took it a step closer to being an alternative bank account for many Cash App users is their Direct Deposit feature.
What is it you ask? Well, Cash App Direct Deposit is basically a feature that makes it possible for Cash App users to directly put their paychecks or deposits into their account.
Like many other Cash App features, it is important to familiarize yourself with it in order for you to fully benefit from it or better yet avoid any inconveniences.
It is with this that we’ve opted to share with you this Cash App Direct Deposit Limit post. Below, you’ll find useful information about this great feature including an answer to the reason why you clicked on this post, what is the Cash App Direct Deposit limit?
Setting Up Your Cash App Direct Deposit Feature
Like any other Cash App feature, the process of setting up a Cash App direct deposit is pretty simple. Worth noting is that you’ll need two key components for you to fully enjoy Cash App’s direct deposit feature.
These two are:
- Cash App account number
- Cash App routing number
Enable Direct Deposits
Before you can enable Cash App direct deposits, you will need to activate your Cash App debit card. After activation of your debit card, Cash App will provide your account with an account and routing number.
Note: These numbers are sensitive information. Don't share this information with anyone you know.
To start using your routing and account number, follow these steps.
- Step 1: On the bottom left, tap on the Banking tab.
- Step 2: Tap on "Deposits & Transfers."
- Step 3: You can tap "Copy Details" and it'll copy the numbers for you.
- Step 4: Provide the information to a bank account when you're in the process of setting up a direct deposit.
Cash App Direct Deposit Benefits
Topping the list of benefits associated with this great feature is its zero fees. Yes, Cash App doesn’t have any charges for it.
Another plus associated with this feature is the ability to immediately use funds directly deposited to your Cash App account. Even better, you can use your new-found money or wealth anywhere a VISA card is accepted.
Cash App Direct Deposit Limit
Now that you have a slightly better understanding of this feature including its benefits, the key question for many is, do they have any limitations? In simpler terms, is there a Cash App direct deposit limit?
Well, a simple answer to this is yes, Cash App does have a direct deposit limit. Currently, the limit stands at $10,000 per day.
Exceeding the direct deposit limit can result in numerous inconveniences. In fact, many users who’ve ended up exceeding this limit by mistake end up having their Cash App direct deposits taking too long to reflect or completely fail altogether.
With this in mind always see to it that your Direct Deposit limit doesn’t exceed $10,000 in a day. It would be smart to break your deposit into two, three, or even four depending on the amount when using this feature.
In other words, ask your sender to split your payment as needed or simply send $9,999 every day until every dollar is sent.
While there is a Cash App Direct Deposit limit of $10,000 per day, this feature combined with other helpful features like their debit card allows them to pretty much offer all the basic functions of a bank account, and as such you can count on more users signing up to use their services.
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